BUZZ-IBM rises; launches compact z17 and LinuxONE systems

IBM Corp

IBM Corp

IBM

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** Shares of IBM IBM.N rise 4% to $311.50

** The company launches compact IBM z17 and LinuxONE 5 mainframe computers — machines used to process large volumes of transactions

** Marks the first time IBM is offering rack-mount and single-frame systems across its full Z and LinuxONE portfolio

** New systems support up to 82 cores and 18 TB of memory, up about 20% and 12%, respectively, from prior configurations

** IBM says new systems are designed to help enterprises optimize data center space and improve operational efficiency

** Including session's gains, the stock is up about 5.2% YTD


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