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Jim Whitehurst steps down as IBM president in just 14 months File photo In a surprise development, IBM has announced that Jim Whitehurst has decided to step down as President of the company just 14 months after joining in that role. Whitehurst has played a pivotal role in the $34 billion IBM and Red Hat integration announced in 2018. He will continue to work as senior advisor to Arvind Krishna, Chairman and CEO, IBM. "In the almost three years since the acquisition was announced, Jim has been instrumental in articulating IBM's strategy, but also, in ensuring that IBM and Red Hat work well...

Top 5 Dividend Stocks To Buy in 2021 Dividend Yield: 4.59% As a consistent leader in the tech industry, IBM has shown consistent payout ratios and an increase in dividend yields. The tech industry is a sector you’ll want to invest in as it’s only going to continue to change and grow. IBM has proven to be a safe bet. International Business Machines Corp (NYSE: IBM) started as the computing, tabulating, and recording firm in the late 1800s. Its first major contract was to supply equipment for the tabulation and assessment of the U.S. census in 1890. The company grew over the years and beco...

Imagine being able to detect one of the leading causes of hospital deaths, and one of the most expensive conditions in health care to treat, months in advance to save lives and for health care providers, tremendous amounts of money. That’s exactly what Curren Katz and her team at Pittsburgh-based Highmark Health did alongside IBM’s Data Science Elite team — predict members who are at future risk of sepsis, a condition that happens when the body, as it fights infection, turns on itself and starts to damage its own tissues. For that achievement, Katz, 38, formerly of Hubbard, was recogniz...

Red Hat This story is available exclusively to Insider subscribers. Become an Insider and start reading now. The CEO of Red Hat says IBM kept its word on maintaining the open source software firm's independence. IBM now sells Red Hat products, though Red Hat remains neutral and partners with AWS and Microsoft. Red Hat is also doubling down on hybrid by going after telcos and ramping up its managed services. Nearly a year after taking over as CEO of open source software company Red Hat, Paul Cormier says his fears that IBM would...

IBM surprises investors with return to growth in first quarter SHARE After four consecutive quarters of revenue declines, IBM Corp. surprised investors today with 1% growth in quarterly revenue, sending its stock up more than 3% in after-hours trading and raising hopes that other technology giants could report similar surprises in the coming weeks. Revenue rose to $17.73 billion from the same quarter a year ago and well ahead of analysts’ average estimate of $17.32 billion. Earnings per share of $1.77 also beat analysts’ estimate of $1.69. The surprise was to so...