It remains about $40 below its 52-week high. That could help IBM's lagging stock price, which has been stuck in the $160 range, or lower, since it delivered bad news in its third-quarter report in October. With sales due to begin in early March, IBM can expect to book sales for its first quarter. "The feedback has been just tremendous on this system," he said.Ī sales boost typically occurs during the early quarters of a new mainframe from IBM, and declines as time passes and buyers begin to wait for a new model with better bells and whistles. Though he declined to comment on any sales projections, Mauri did say that he has personally briefed more than 100 clients in the last four months.
So no unusual hiring is expected in connection with it, Mauri said. It's written in Java and designed to be simple, easy to use and unintrusive. Mainframe development and production is an ongoing cycle at Poughkeepsie. A desktop timer app that helps you apply the Pomodoro Technique. "I'm very proud of the people of Poughkeepsie, and the innovation that is in this new machine," Mauri said. While several IBM labs around the globe contributed elements of the System z boxes and software, Mauri said, "Poughkeepsie is the center of the universe for the mainframe," and "where it all comes together." The processor microchips that are the heart of the system are being made at the East Fishkill semiconductor plant. More than 500 patents for this system were developed by IBMers, and the majority of them came from IBMers in Poughkeepsie, East Fishkill or Yorktown Heights, Mauri said. IBM says the system is the first one to use real-time encryption of all mobile transactions, a feature that IBM hopes will appeal to companies doing business in a world troubled by frequent security breaches.Īlso, the system has analytic ability to run real-time fraud detection on all business transactions at a rate they say is 17 times faster than any competitor at a fraction of the cost. IBM figures such online deals will grow to 40 trillion daily by 2025 as mobile devices and apps spread ubiquitously. The company's announcement says the system can handle 2.5 billion transactions per day, equal to 100 Cyber Mondays. People are shopping and doing commerce on their phones." "They're doing business, whether they are mobile payments, mobile banking, putting in insurance claims, booking airline travel, booking a hotel room. Billions of people have smart phones," said Ross Mauri, general manager of System z, in an interview with the Poughkeepsie Journal. It's favored by big financial institutions and merchants around the world.Īnd that world is moving rapidly to mobile devices. And though you may never buy a million-dollar mainframe, your online life almost certainly involves this IBM server line, in data centers somewhere, when you make transactions. And the company is counting on its new mainframe, whose design and production is centered in Poughkeepsie, for a sales shot in the arm.Ĭalled the z13, it is the product of $1 billion and five years of development work, which included many of the thousands of IBMers who work or live in Dutchess County. is reshaping its top-of-line computers to better serve the increasingly mobile world.
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