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Mr. Ellison said the company would create partnerships with electronic commerce sites like Amazon.com or Travelocity to help translate their Web pages and transaction software into products accessible on cellular phones and personal organizers.
IBM provides transaction software for the Web.
Some, like VerticalNet, specialize in providing content, others provide transaction software.
IBM owns stakes in transaction software firms I2 Technologies and Ariba, and its bias toward using them for its exchange bodes ill, warns a rival.
One sells high-end transaction software for Informix's standard relational database, used mainly to slice and dice standard corporate financial information.
CryptoLogic, a Canadian company traded on the Nasdaq, Toronto Stock Exchange and LSE, licenses its gambling and financial transaction software to several of the big gambling Web sites.
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Though IBM chief financial officer pointed to "mid-to-high" single digit growth from Watson's health business in the quarter, transaction processing software business fell by 8% and the company's suite of hosted software services is basically an afterthought for business gravitating to Microsoft, Alphabet, and Amazon for cloud services.
Analysts today said the disallowed transaction involved software acquired in Critical Path's $416 million purchase in August of PeerLogic, a private company that made software for e-commerce infrastructure.
But I.B.M.'s big corporate customers have also pushed the company to rewrite the transaction processing software to make it more flexible.
Piper Jaffray repeated its overweight rating and 26p price target while Citigroup also issued a buy note, saying: At the time of the IPO [in 2007], Blinkx talked about the potential to launch transaction hijacking software.
In September, a leading maker of mobile banking technology for SIM cards, a French company called Gemalto, bought Trivnet, an Israeli company that makes financial transaction management software for mobile operators, for $40 million.
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