IBM Watch: Day 1

By Douglas A. McIntyre Updated Jan 13, 3:40AM EST · Published Sep 12, 12:50PM EDT

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International Business Machines Corp. (NYSE: IBM) is one of the oldest and most storied companies in America. Despite recent trouble, it remains one of the largest public companies in the United States, as well as among the largest employers.

IBM is number 31 on the current Fortune 500 list. In 2000, it was number 6 on the list.

IBM says more about itself than almost any big public company in America, issuing as many as three press releases a day.

This is the 24/7 Wall St. IBM Watch, day by day, every day.

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Day 1:

ARMONK, N.Y. & HAMAMATSU, JAPAN – 09 Sep 2016: IBM today announced that Roland Corporation has selected IBM Cloud Video’s Ustream platform to live stream the musical instrument company’s historic, 24 hour international music festival and product launch. Beginning on September 9 at 4:00pm UTC, the showcase event will span major cities like Tokyo, London, Los Angeles, and Paris, and feature live musical performances and more than 30 product launches, leveraging IBM Cloud Video’s Ustream platform.

As a long-time client of IBM, Roland will expand its use of Ustream’s Pro Broadcasting service to broadcast from eight international cities throughout the 24-hour period. Having used Pro Broadcasting to create a regular cadence of live streamed product reviews and artist interviews, “The Future. Redefined.” brings an unprecedented level of scale to the viewing experience by tapping into a multi-CDN infrastructure with Ustream’s SD-CDN (Software Defined CDN) technology that has been used to serve live content globally to more than one million concurrent viewers on a single stream.

A large deal financially? Almost certainly not.

Roland is a small manufacturer of electronic musical instruments. Ustream is a streaming media company IBM bought for $130 million at the start of the year. The buyout was meant to build IBM’s presence on the cloud, probably the single most important strategic goal of the tech company, the IBM Cloud.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.