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IBM Profits Rose Nearly 20 Percent IBM on Thursday reported third-quarter earnings higher than Wall Street expectations. IBM hardware profits were lower but overall revenue rose nearly 20 percent. The business technology company also said that earnings were from a steady base of recurring revenue.

IBM Showing Signs of Frustration Over ISO IBM Corp on Tuesday announced a new policy that may lead to ending its participation in the International Organization for Standardization. The business technology company is frustrated by what it considers poor decision making in the ISO.

IBM buys Diligent Technologies company Diligent Technologies is IBM&#39s third acquisition in Israel which offers data de-duplication solutions for e-mail and databases.

IBM Develops Miniature Water Cooling Methods IBM has developed tiny miniature pipes for microprocessor cooling.

IBM Unveils Emissions Analyzer IBM has launched a new tool for monitoring and analyzing supply chain emissions.

IBM iDataPlex Uses 40 Percent Less Power IBM iDataPlex is a new rack system featuring design innovations in cooling and efficiency that will help Internet companies.

IBM acquires Diligent for $200 million IBM has purchased Diligent, a storage solutions developer in Israel, for $200 million.

IBM Racetrack Memory Announced IBM Racetrack is a new breakthrough in physics research that will lead to faster, cheaper and higher capacity data storage devices.

IBM Second Life Unveiled IBM Second Life will offer its employees a virtual world for collaboration and teleconferencing. The project is set to go live within several weeks which marks a new focus by parent company Linden Labs on providing software and services to integrate virtual worlds.

IBM Unveils Blue Cloud

IBM BlueGene Ranks Top Supercomputer

IBM and MediaTek develop chip, transfers 10G in 5 seconds

IBM charters virtual world life

The Editor for this IBM News page is Bill Waters. The Managing Editor is Mary Couchman. Our copy editor is Rob Adams. Business technology correspondents are Sara Smith, Jennifer Hong, John Lester, Michael Stevens and Steve Chu.

IBM stands for International Business Machines Corporation. The company helped pioneer the first information technology industry in the world. It provided a path that revolutioned the way companies and people share information. It was one of the first computer hardware companies in the world that delivered server solutions to enterprises. The company is the world's largest computer company. It has nearly 400,000 employees worldwide.

The business technology company has been successful for several decades. Its products were designed and developed to record, process, communicate, store and retrieve information.

The company was founded in 1896 as the Tabulating Machine Company. IBM adopted its current name in 1924, when it became an international manufacturing company. In 1981 the company introduced the IBM Personal Computer. It was the first PC compatible hardware platform. Descendants of the IBM PC compatibles make up the majority of microcomputers on the market today. The company eventually sold its PC division to the Chinese company Lenovo in 2005 for $655 million in cash and $600 million in Lenovo stock.

In 2007, the company's Printing Systems Division sold to Ricoh for $725 million. The two companies formed a new joint venture and formed InfoPrint Solutions Company.