Technology
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Dinosaur Row
IBM’s cloudy predicament is now widely understood. BusinessWeek made IBM’s existential crisis a cover story (a concept that doesn’t really exist any more if you read the publication online): Forbes then called out recently departed IBM CEO Sam Palmasaino for his financial engineering shenanigans with “Why IBM is in Decline”. Cringely went one better with…
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Small Blue and the Bonsai Datacenter
Via Flickr IBM today announced new datacenter investment plans to bolster its cloud computing presence. They’re going to spend $1.2 billion to build 15 new datacenters (seen above, lower shelf). After some consultation with the Twitterati on matters of long division, it appears IBM is going to spend a whopping $80 million per datacenter.…
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Chump Change
Payments companies are hot. Square has a $3.25 billion valuation. Braintree just sold to PayPal for $800 million and Stripe is probably worth even more. The venerable PayPal was 40% of eBay’s revenues last year and remains its growth engine. Square is supposedly on a trajectory to process about $15 billion in transactions this year…