Posts Tagged ‘ibm’
IBM says that the US Govt. has commissioned it to develop the world’s fastest computer.
This new computer will be used to watch over US nuclear weapons and it will perform more than 20,000 trillion calculations in every second.
IBM will bring its new Sequoia technology in this computer and it will be ready for use by the end of 2011.
This new computer will consume as much energy as five average households and it will be placed in a 34,22 square feet building to handle the information, it will have to process.
This computer has 1.6 million microprocessors and it needs to be refrigerated constantly.
On Tuesday, IBM posted its 4Q financial results that showed an impressive increase of 12% in earnings despite worldwide economic slowdown. The results beat the expectations of different analysts.
IBM generated $4.4b net income, which comes to $3.28 per share for the 4Q, nearly 12% rise compared to the same period last year.
It was expected that IBM would post $3.30 per share earnings for the recent quarter.
The tech leader reported that the company is on right tract to achieve its target of generating $10 to 11$ per share profit for 2010.
