For IBM, converting to the cloud is taking a toll. Even though it's necessary to drive future growth, the company has to sacrifice profits for now.

IBM and ABN AMRO have signed a 10-year, multibillion-dollar services agreement to manage the IT infrastructure that supports the bank's operations globally. The agreement includes the implementation of a private IBM cloud together with further standardization and simplification of the existing IT landscape, from mobile computing to mainframe infrastructure.

Intel, AMD and ARM are looking to address new workloads fueled by such trends as cloud computing, mobility, big data and social networks.

Hewlett Packard and Japan's NEC will expand their existing partnership to develop high-end x86-based servers for cloud and Web applications.

Independent environmental organization Greenpeace is in the midst of a disagreement with Apple after giving the tech giant and others like Amazon and Microsoft low Clean Energy Index scores.

While Amazon prepares to ship out the Kindle Fire, it has quietly released a significant software update to the Kindle Keyboard, which expands cloud storage support for personal documents.

Samsung Electronics America Inc., a subsidiary of Samsung Electronics Co. Ltd., today announced its newest lines of LED/LCD thin- and zero-client PC-over-IP Cloud Station monitors, which provide an alternative to desktop PCs, enabling highly secure access to any PCoIP-enabled remote host.