John Paczkowski

Recent Posts by John Paczkowski

IBM Buys Sterling Commerce From AT&T for $1.4 Billion

AT&T didn’t get much of a return on its dotcom-era acquisition of Sterling Commerce. The carrier, whose predecessor, SBC Communications, bought Sterling for $3.9 billion in stock back in 2000, sold the business-to-business services provider to IBM today for about $1.4 billion in cash.

Evidently, now that Sterling is, in the words of an AT&T (T) spokesperson, “no longer core to AT&T’s long-term strategic objectives,” the carrier was happy to unload it, even at a loss.

And that loss, of course, is IBM’s (IBM) gain. Sterling, whose global client list is about 18,000 strong, is certain to bolster IBM’s presence in the business-to-business market and aid Big Blue’s efforts to transform itself into a global business services company.


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December 30, 2013 at 6:49 am PT

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December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of Pets.com would have done better.

— Gitesh Pandya of BoxOfficeGuru.com comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”