IBM (NYSE:IBM), the huge technical company that we are familiar with, recently announced that it will give young companies either $10,000 a month or $120,000 in credit for using the cloud software developed by IBM (NYSE:IBM).

IBM (NYSE:IBM) has its headquarters in New York and they manufacture and market software and hardware for computers.

Start-up companies that are selected to be a participant in this program, which is known as the IBM Global Entrepreneur Program for Cloud Start-ups, will not only receive technical support but they will also have access to successful mentors and get introduced to some of IBM’s prime clients.  Basically IBM (NYSE: IBM) is opening its doors and offering valuable resources to the next generation of entrepreneurs.

Accordingly to a Wall Street Journal report, IBM (NYSE:IBM) is looking to recruit companies that are less than 5 years old that have increased capital and have also raised funds from investors.

Since its inception, in 1911, International Business Machines Corp.  (NYSE:IBM) has undergone many name changes and organization reformations over the years.  Big Blue is a nickname that has stuck with this company for years and although there a few theories as to how the nickname came about, it is believed that blue is the dominate color of the logo and the packaging of all their products.

IBM (NYSE:IBM) has had a string of recent low earnings and they are under a great deal of pressure to reinvent the business and make some significant changes.  Last month, the company paid over one billion dollars to GlobalFoundaries to take over their costly chip making division.  Part of the new business strategy of IBM (NYSE:IBM) is to reinvest, heavily, in the cloud.

During June of 2013, IBM (NYSE:IBM), bought SoftLayer Technologies for two billion dollars and this past June, they announced their partnership with Apple Inc.

During mid-August of 2014, IBM (NYSE:IBM) announced the acquisition of the Lighthouse Security Group, LLC, who are a premier cloud security service provider.  The financial terms of this acquisition have not been disclosed to the public.

IBM (NYSE:IBM) and Microsoft Corporation (NASDAQ:MSFT) have come together to offer a hybrid computing solution that will allow both companies software programs to be available on both cloud platforms.  In addition, IBM (NYSE:IBM) also launched a new security service that will provide their corporate clients with a portfolio full of tools that are designed to keep the network safe.

This past week, IBM (NYSE:IBM) and Twitter Inc. (NYSE:TWTR) announced a partnership that will revolutionize how business understand their trends, markets and most importantly, their customers.

The IBM (NYSE:IBM) stock opened at 161.90 and at 3:00 pm eastern standard time, it is holding at 163.92.  The 52 week range is between 160.05 and 199.21 with a Mkt cap of 160.54B.  Inst. own is currently 59%.

Twitter Inc. (NYSE:TWTR) opened today at 40.34 and now stands at 39.71 with a 52 range of 39.51 – 74.73.

 

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