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International Business Machines Corporation (IBM)

  • Feb. 28, 2013, 5:45 PM
    IBM roundup: 1) Following solid 2012 growth and an M&A binge, IBM expects to generate $20B in analytics/big data revenue in 2015, up from a prior forecast of $16B, says CEO Ginni Rometty. 2) Rometty also talks up IBM's emerging markets efforts: Big Blue is on track to double Chinese sales from 2010-2015, and grew its South American client base by 22% last year. 3) An NYT column looks at IBM's efforts to expand Watson's uses. Potential applications include drug development, predicting machine maintenance, and inventing recipes. IBM recently added Watson to a server line that starts at ~$6K.
  • Feb. 28, 2013, 1:34 PM
    Server sales rose 3.1% Y/Y in Q4 after falling 4% in Q3, says IDC. But nearly all of this growth went to non-top-5 OEMs, thanks to the do-it-yourself approach of Web/cloud firms behind most of the increase. Sales of the "densely optimized servers" these firms often prefer rose 66%. #1 IBM's share was flat Y/Y at 36.5%, but #2 H-P's (HPQ) fell 160 bps to 24.8% thanks to weak high-end sales. #3 Dell (DELL) +30 bps to 15.1%, #4 Oracle (ORCL) -110 bps to 4.1% (poor UNIX demand). Fujitsu is #5, and Cisco (CSCO), whose UCS blade server sales are soaring, is now #6.
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  • Feb. 21, 2013, 5:44 AM
    IBM (IBM) has unveiled its "MobileFirst" strategy, whereby it's offering products for security, device management, analytics and application development. The company intends to double its spending on mobile technology in 2013, not including acquisitions, with CEO Ginni Rometty giving the strategy as high a priority as cloud and data analysis. IBM is also expanding its partnership with AT&T (T) to provide developers tools to create mobile apps.
  • Feb. 10, 2013, 4:44 AM
    WellPoint (WLP) is taking on IBM's (IBM) Watson supercomputer as a virtual assistant that will answer medical questions from doctors, researchers, medical centers and insurance carriers. It's part of IBM's plan to make money out of Watson, which gained fame after beating humans in "Jeopardy!" in 2011, and the IT giant plans to introduce products for the finance sector later this year.
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  • Feb. 8, 2013, 6:11 AM
    A federal appeals court is scheduled to hear arguments today over when software is patentable. On the one side, tech giants such as Google (GOOG) and Facebook (FB) reckon the patent office has been too generous with its awarding of patents - no irony intended. On the other side, IBM (IBM) and a collection of other tech companies and patent trolls argue that tightening up the standards will harm innovation. The case itself is between CLS Bank and Australian firm Alice Corp.
  • Feb. 5, 2013, 2:49 PM
    Money for nothing. IBM plans a sale of $2B in floating-rate debt, with the 2-year paper maybe priced at Libor minus 2 basis points. The 5-year notes look to yield 47 bps more than 5-year Treasurys. Coca-Cola and P&G both issued debt paying less than the benchmark rate last year.
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  • Feb. 5, 2013, 11:29 AM
    Coming off a quarter where its non-mainframe server sales fell considerably, IBM (IBM) is expanding its integrated PureSystems line, and moving its Power server line downmarket. New offerings include: 1) The PureData System for Analytics (competes with big data/analytics systems from Oracle, EMC, and Teradata). 2) The PureApplication System, meant for cloud app deployments. 3) Power servers starting at less than $6K. 4) High-end PowerLinux servers for analytics apps. 5) A performance boost for the expensive and share-losing XIV storage line.
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  • Feb. 1, 2013, 3:39 PM
    IBM resumes its analytics M&A spree, snapping up startup Star Analytics for an undisclosed sum. Star's software, which handles data warehousing tasks for Oracle apps and automates the sharing of information between business apps in general, complements IBM's data integration, middleware, and business intelligence offerings, and could help it better compete against Informatica (INFA) and Tibco (TIBX). (PR)
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  • Feb. 1, 2013, 4:10 AM
    More on new Sony (SNE) PlayStation: The next PS is likely to include chips from AMD (AMD) as opposed to the "Cell chip" technology developed by IBM (IBM) and Toshiba (TOSBF.PK) that is used in the PS3, raising compatibility fears for existing games. Sony may also be ending its partnership with Nvidia (NVDA), the supplier of the graphics chip.
  • Jan. 30, 2013, 10:57 AM
    Though VMware, EMC, and BMC Software's Q1 guidance hasn't exactly stoked enthusiasm about the IT spending environment, Gartner is forecasting global IT spending will grow a healthy 4.2% in 2013 to $3.7T, after rising just 1.2% last year. A re-accelerating China, a stabilizing Europe, and a resolution (for now) of the fiscal cliff drama are all seen lifting demand. Needham thinks growth could hit 5%. (previous)
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  • Jan. 29, 2013, 5:55 PM
    An early leader in enterprise social networking software, IBM is counting on a big product refresh to keep the likes of Jive Software (JIVE), Salesforce's Chatter, and Microsoft's Yammer at bay. Among the updates are new analytics and document-editing features for IBM's Connections social networking platform, a publishing tool for running social media ad campaigns, and the integration of Kenexa software within the Employee Experience Suite. Separately, Big Blue has launched new services for migrating enterprise apps to the cloud.
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  • Jan. 29, 2013, 1:17 PM
    International Business Machines Corp. (IBM) declares $0.85/share quarterly dividend, in line with previous. Forward yield 1.66%. For shareholders of record Feb. 08. Payable Mar. 09. Ex-div date Feb. 06. (PR)
  • Jan. 23, 2013, 11:55 AM
    "For all its complexity, IBM (IBM +5%) continues to emphasize a simple goal – growing EPS through a variety of tools," writes CLSA. Big Blue's Q4 report and 2013 guidance indicate it remains quite successful in this respect in spite of minimal top-line growth, and the market is responding accordingly. As far as the top-line goes, UBS is encouraged by an upbeat earnings call and opportunities in focus areas such as emerging markets, analytics, and cloud solutions. ISI is more cautious, arguing IBM's valuation (12.3x 2013E EPS) is a little too high.
  • Jan. 23, 2013, 10:09 AM
    Deutsche Bank's David Bianco lists his 30 favorite big-cap stocks, each with a P-E ratio on 2013 EPS below 18 and EPS growth above 5%: DD, APD, MSFT, INTC, IBM, ACN, GOOG, APH, EMC, AAPL, QCOM, ITW, ROK, UTX, HON, GD, ALL, C, USB, PNC, SLB, HAL, CAM, BHI, LYB, DIS, VIAB, NWSA, CBS, MCD.
  • Jan. 22, 2013, 6:12 PM
    Margin improvements and buybacks will fuel another year of solid EPS growth for IBM, execs promised during the company's earnings call. Buybacks lifted Q4 EPS by $0.24 and 2012 EPS by $0.73. Margin gains are expected to come from mid-single-digit software growth and efforts to focus on higher-margin services. Still, there were some pointed questions about soft top-line growth in certain segments. Execs chose to focus on areas of strength such as middleware (gaining share) and cloud solutions (+80% in 2012). Shares +4.2% AH. (Q4: I, II) (slides)
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  • Jan. 22, 2013, 5:41 PM
    After-hours top gainers, as of 5:15 p.m.: CREE +15%. ISRG +9%. GOOG +5%. IBM +4%. SNE +2%.
    After-hours top losers: STRI -21%. BNNY -11%. WCC -4%. SNH -3%. IVR -3%.
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Company Description
International Business Machines Corp is an Information Technology (IT) company. It creates business value for clients and solves business problems through integrated solutions that leverage information technology & knowledge of business processes.