On Tuesday, New York-based “Big Blue” bellwether IBM Corp. (IBM
) announced its commitment to developing and investing in open source software, namely Linux.
IBM re-affirmed its dedication to work more closely with the Linux OS in light of the LinuxCon event taking place this week. The company is reportedly setting aside roughly $1 billion over the course of the next four to five years to invest in the development of Linux-based technologies and platforms. Sources say the money will likely go into building a “cloud” based on IBM Power servers running Linux; the company did not disclose whether it was financing Linux developments internally or through third-party projects.
IBM shares sank lower on Tuesday, shedding 0.51% on the day. The stock is flat YTD.
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