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  • Wed, Oct. 19, 1:40 PM
    • Through a partnership with China-based 21Vianet Group (VNET +0.5%), IBM (IBM +0.4%) intends to bring blockchain, IoT and advanced data services to its Bluemix cloud platform. Opportunities in the country's manufacturing and financial services industries along with those among enterprise networks and startups are highlighted.
    • IBM: "Today’s launch of blockchain and our IoT platform through the IBM Cloud is a tremendous boon for Chinese companies. Providing the infrastructure of Bluemix, combined with these latest technologies from both IBM and a growing roster of partners and Chinese service providers, will equip our country’s developers with the set of tools they need to fuel more intelligent and advanced innovations across China’s fastest-growing industries, including manufacturing and financial services.”
    • Further, IBM and Cisco Systems additionally expand an existing global partnership to offer real-time data analytics services to Chinese companies managing remote operations (i.e. oil rigs, factories, mines, shipping).
    • IBM had partnered with 21Vianet last October through a Bluemix access/infrastructure swap. Today's arrangement looks to expand the Bluemix ecosystem in China even further as the country's growing population of developers warrants increased focus on providing access to advanced cloud technologies.
    | Wed, Oct. 19, 1:40 PM | 1 Comment
  • Tue, Oct. 18, 11:01 AM
    • Yesterday: IBM volatile after hours; Q3 revenue unmoved, FY guidance reiterated
    • On the report, Wells Fargo analyst Maynard Um restates a Market perform rating, though lowers his target price range from $155-$165 to $150-$160 (current price $149.73), citing revenue gains in certain segments (strategic imperatives, IP) that were offset by other factors (gross margin, okay software improvement), an EPS figure higher due to lower tax rate and strategic imperatives reinvestment he expects to restrict upside near-term.
    • RBC Capital Markets' Amit Daryanani, also citing EPS quality, further points out challenging gross margins across business lines and difficult EPS and free cash flow growth going forward. Rates Sector perform with a $165 target.
    • James Kisner at Jefferies notes okay strategic imperatives growth, weakness in organic software and services signings along with a guidance reiteration he believes some investors may essentially consider to be a guide lower. Restates Underperform and $125 target.
    • IBM (NYSE:IBM) shares are presently down 3.4% since yesterday's close.
    | Tue, Oct. 18, 11:01 AM | 9 Comments
  • Mon, Oct. 17, 5:36 PM
    • Top gainers, as of 5.25 p.m.: NFLX +20.6%. RECN +8.7%. CXW +5.4%. KGC +3.6%. CE +2.9%.
    • Top losers, as of 5.25p.m.: NKTR -4.2%. IBM -3.0%. CF -2.3%. EXK -1.8%. EXEL -1.6%.
    | Mon, Oct. 17, 5:36 PM | 16 Comments
  • Mon, Oct. 17, 4:37 PM
    • IBM (NYSE:IBM) reports revenue from continuing operations of $19.2B (-0.4% Y/Y, -5% Q/Q), strategic imperatives revenue of $8B (+16% Y/Y) and cloud as-a-service annual run rate of $7.5B for the quarter (+66% Y/Y).
    • Cloud revenues higher by 44%, mobile higher by 19% and security higher by 11%.
    • Cognitive Solutions revenue increased 4.5% to $4.2B, Global Business Services decreased 0.4% to $4.2B, Technology Services & Cloud Platforms increased 2.4% to $8.7B, Systems decreased 21% to $1.6B and Global Financing decreased 7.9% to $412M.
    • Projects FY 2016 EPS of $13.50.
    • Chairman, president and CEO Ginni Rometty: "IBM's third-quarter performance, led by continued double-digit growth in our strategic imperatives, is a testament to our leadership in cognitive solutions and cloud. Our ability to apply deep expertise and breakthrough technology, led by Watson and the IBM Cloud, to massive amounts of data is enabling us to build new markets and transform industries. Whether it is banks implementing IBM blockchain solutions, hospitals leveraging Watson to fight cancer, or retailers using cognitive apps built on the IBM Cloud to transform the customer experience, clients across all industries are tapping into a new kind of innovation value from IBM."
    • Shares presently lower by 2.3%.
    • Conference call
    • Press release
    | Mon, Oct. 17, 4:37 PM | 16 Comments
  • Mon, Oct. 17, 4:12 PM
    • International Business Machines (NYSE:IBM): Q3 EPS of $3.29 beats by $0.06.
    • Revenue of $19.2B (-0.4% Y/Y) beats by $200M.
    • Shares +1.7%.
    • Press Release
    | Mon, Oct. 17, 4:12 PM | 25 Comments
  • Sun, Oct. 16, 5:35 PM
    | Sun, Oct. 16, 5:35 PM | 12 Comments
  • Fri, Oct. 14, 4:47 AM
    • Tech giants including AMD, Dell/EMC, Google (GOOG, GOOGL), HPE, IBM, Mellanox (NASDAQ:MLNX), Micron (NASDAQ:MU), Nvidia (NASDAQ:NVDA) and Xilinx (NASDAQ:XLNX) have linked up to give Intel (NASDAQ:INTC) a good kick in the datacenters.
    • The group has come up with an open specification, dubbed OpenCAPI, that can boost server performance by up to 10x.
    • Effectively they are moving away from PCIe, the current industry standard, to something that is both more open and vastly more powerful.
    | Fri, Oct. 14, 4:47 AM | 78 Comments
  • Tue, Oct. 11, 10:24 AM
    • Alphabet's (GOOG, GOOGL) Verily Life Sciences and 3M (MMM -0.7%) are targeting clinical and financial performance management technology intended to analyze data and provide insightful information revolving around healthcare quality and costs.
    • Alphabet: "We have the data analytics and software to understand trends and make predictions across large quantities of data, and we see a clear opportunity to apply this approach to health data for insights that can impact care. Together, with 3M's know-how and deep expertise in parsing and coding clinical data, we imagine a world where providers have precise information to guide focused improvement, and can consistently access objective, actionable feedback to make informed decisions.”
    • 3M: "At 3M, we are constantly evaluating how health information technology can help improve the efficiency, quality and cost of delivering care. This collaboration reflects our commitment to continued innovation in health information systems that address real-world problems facing health care today, while protecting the privacy and security of health data.”
    • IBM (IBM -0.9%) and Siemens (OTCPK:SIEGY), through a five year arrangement, are looking to aid hospitals, health systems, integrated delivery networks and other providers in bringing value-based care to patients with complex, chronic and expensive conditions.
    • IBM: "We are at an unprecedented time in healthcare. Mature and developing markets are increasingly focused on how patient outcomes are optimized, quality is standardized among individuals and across populations, and costs are reduced. Siemens and IBM are ideal partners to work at the forefront of this evolution and enable personalized healthcare in the U.S. and globally."
    • Siemens: "Combining our strengths, Siemens Healthineers and IBM can effectively help providers transition to a value-based healthcare environment. We will bring the power of Siemens Healthineers' extensive relationships with providers and our deep domain expertise in clinical workflows, services, and digital health technologies to bear to help bring population health management offerings to healthcare providers. The new alliance fits perfectly into the services business of Siemens Healthineers. Thus we will enter the rapidly growing PHM market which is expected to play a significant role in end-to-end value-based healthcare."
    • Alphabet, 3M
    • IBM, Siemens
    • Last week: Alphabet's Verily Life Sciences adopts automated lab strategies in Zika-prevention effort
    | Tue, Oct. 11, 10:24 AM | 2 Comments
  • Thu, Oct. 6, 10:28 AM
    • IBM (IBM -0.2%) to utilize AT&T (T -0.4%) FlexWare, a solution tailored for setting up and managing virtual network functions. AT&T's value from the partnership is intended to derive from access to IBM's sales and marketing teams along with the ability to run applications on IBM infrastructure (cloud, cognitive, analytics, security).
    • IBM: "Working with AT&T, we continually are innovating in ways that not only meet our clients' business objectives, but also strengthen one of the industry's most powerful one-two punches. IBM will use these technologies to support the hybrid cloud evolution and deliver greater services to our clients."
    • AT&T: "Today represents the latest step in a long and mutually beneficial relationship between IBM and AT&T. By expanding our relationship with IBM, more customers will be able to take advantage of AT&T FlexWare that will adapt and grow with customers' business needs."
    • See also: AT&T, Amazon Web Services set strategic collaboration deal
    | Thu, Oct. 6, 10:28 AM | 25 Comments
  • Tue, Oct. 4, 10:43 AM
    • As part of a $3B overall global investment to integrate Watson technology with IoT projects. Hands-on labs (cognitive IoT Collaboratories) to facilitate innovation in automotive, manufacturing, electronics, healthcare and insurance industries highlighted.
    • IBM (IBM +0.3%) cites increasing client demand for solutions blending IoT and AI technologies, noting 6K customers worldwide are utilizing Watson IoT services, a 4K increase over the previous 8 months.
    • Global Head of IBM'S Watson IoT business, Harriet Green: "IBM is making tremendous strides to ensure that businesses around the world are able to take advantage of this incredible period of technological transformation and develop new products and services that really change people’s lives. Germany is at the forefront of the Industry 4.0 initiative and by inviting our clients and partners to join us in Munich, we are opening up our talent and technologies to help deliver on the promise of IoT and establishing a global hotbed for collaborative innovation.”
    • Involvements with SchaefflerAerialtronics and Thomas Jefferson University Hospitals featured along with new offerings utilizing blockchain technology, enhanced security and natural language capabilitiy.
    • Press release
    • Video
    | Tue, Oct. 4, 10:43 AM | 6 Comments
  • Fri, Sep. 30, 7:38 AM
    • Promontory Financial Group, one of the most powerful financial consultancies, is selling out.
    • The Washington-based firm has agreed to be bought by IBM, which plans to set up a new unit combining Promontory’s consultants with its own artificial-intelligence technology to advise clients on financial regulation.
    • Financial terms were not disclosed.
    | Fri, Sep. 30, 7:38 AM | 4 Comments
  • Tue, Sep. 20, 10:18 AM
    • Through a multi-year arrangement with MIT's Department of Brain & Cognitive Sciences.
    • IBM (IBM +0.5%): "The new IBM-MIT Laboratory for Brain-inspired Multimedia Machine Comprehension's (BM3C) goal will be to develop cognitive computing systems that emulate the human ability to understand and integrate inputs from multiple sources of audio and visual information into a detailed computer representation of the world that can be used in a variety of computer applications in industries such as healthcare, education, and entertainment."
    • Pattern recognition and predictions methods relating to audio and visual data streams highlighted as a main focus.
    • Collaboration to be led by MIT Professor James DiCarlo (head of Department of Brain & Cognitive Sciences) and involve brain, cognitive and computer scientists.
    • With the spotlight on machine vision and computer vision technology heightened of late (Tesla and Mobileye, Intel and Movidius), expect further developments in these areas from a range of companies going forward.
    | Tue, Sep. 20, 10:18 AM | 7 Comments
  • Mon, Sep. 12, 9:24 AM
    • The Wall Street Journal takes a look at the rise in use of and revenue derived from flash-based storage products over recent years.
    • Pure Storage (NYSE:PSTG) and Nimble Storage (NYSE:NMBL) are highlighted with respective 9,650% and 641% annual revenue increases from 2013 to the present trailing 12 months period.
    • The examination, however, cites a 20% decrease in share price for Pure Storage on the year with a 9% lower price for Nimble Storage over the same term. Competition in the enterprise data storage space, particularly in regard to flash solutions, is cited as becoming increasingly tight as demand for more efficient data centers continues to rise.
    • Flash arrays offered by competitors EMC (NYSE:DVMT), IBM (IBM), NetApp (NASDAQ:NTAP), Hewlett Packard Enterprise (NYSE:HPE), Hitachi, Oracle (NASDAQ:ORCL) and others are expanding onto the market and subsequently heightening pricing pressure within it.
    • Despite a competitive strain, the report goes on to assert current downcast valuations for small players in the area, especially Pure and Nimble, could pose appealing buyout opportunities going forward.
    | Mon, Sep. 12, 9:24 AM | 46 Comments
  • Tue, Sep. 6, 12:52 PM
    • Box Relay is part of a redesigned Box (BOX +1.9%) platform expected to be detailed tomorrow.
    • Box co-founder and CEO Aaron Levie: "Workflow in the enterprise is broken – complex, fragmented software and manual processes are getting in the way of productivity. The all new Box is a place where all of your work comes together. Box Relay delivers on this vision by providing anyone with an easy way to create, track and manage routine processes without ever having to leave Box. Box Relay is enterprise workflow made simple."
    • IBM Analytics' (IBM +0.2%) general manager of collaboration solutions, Inhi Cho: "As businesses embark on the journey to become cognitive, the ability for teams to collaborate and iterate on content, surface new insights, and collaborate naturally are key. Our successful partnership with Box is helping companies along this journey. This first joint solution from IBM and Box enables businesses to create a simpler digital workflow across different functions to help reduce the time spent managing projects and boost team productivity. This is possible by combining the power of IBM Cloud with Box’s leading content management platform."
    • Box Relay is set for a beta launch in Q4 and general availability in H1 2017 as an add-on feature for business users.
    • Press release
    • IBM and Box
    • IBM blog post
    | Tue, Sep. 6, 12:52 PM | 10 Comments
  • Tue, Sep. 6, 11:40 AM
    • August monthly performance was: -1.5%
    • AUM of $1.31B
    • 52-week performance vs. the S&P 500 is: +9%
    • $0.18 in dividends were paid in August
    • Top 10 Holdings as of 7/29/2016: AT&T Inc (T): 5.5853%, Exxon Mobil Corp (XOM): 5.12068%, Verizon Communications Inc (VZ): 4.31268%, Chevron Corp (CVX): 3.62281%, General Electric Co (GE): 3.38972%, Pfizer Inc (PFE): 3.01797%, Procter & Gamble Co (PG): 3.0115%, Wal-Mart Stores Inc (WMT): 2.93033%, Philip Morris International Inc (PM): 2.78531%, International Business Machines Corp (IBM): 2.28424%
    | Tue, Sep. 6, 11:40 AM
  • Mon, Aug. 15, 5:07 AM
    • Workday (NYSE:WDAY) is expected to announce a seven-year deal today to use IBM's cloud-computing services for some internal operations, sources told WSJ.
    • The deal, in which Big Blue is winning a marquee customer with solid cloud credentials, comes soon after two recent reports from analysts raised questions about IBM's ability to compete in the contentious market for computing horsepower delivered over the internet.
    | Mon, Aug. 15, 5:07 AM | 10 Comments