IBM Pays $10 Million To Settle SEC Allegations of Bribery in China, South Korea

Big Blue gave officials in South Korea and China, cash, gifts, trips and free computers, the SEC says. Without admitting wrongdoing IBM has paid to settle the case.

IBM Sells Unit, Expands Buyback

Dassault Systèmes SA agreed to pay $600 million to buy an International Business Machines Corp. unit that sells Dassault’s design software. The sale to Dassault, which makes software for computer-aided design and product management, removes one of the last vestiges of IBM’s once vast applications-software business.

Moffat Viewed as "Classic IBM Executive"

Within International Business Machines Corp., Robert W. Moffat Jr. was known as a “quintessential IBMer,” rising to Big Blue’s top echelons by relentlessly cutting costs to boost profits. To the rest of the world, he is becoming known as one of the highest-ranking executives to be embroiled in an insider-trading scandal since Wall Street was rocked by such schemes in the 1980s.

IBM Says It Isn't Blowing Smoke About Cloud Computing

International Business Machines is pushing ahead with “cloud” computing technology–storing information and running applications in shared computing facilities, connected to users over the Internet. IBM last month tacked on an additional role to Erich Clementi, its vice president for strategy. He’s now also general manager, enterprise initiatives, with responsibility for Blue Cloud, IBM’s name for cloud computing.