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International Business Machines Corporation (IBM)

- NYSE
  • Mar. 16, 2013, 12:06 PM
    "A retailer (Amazon), an entertainment company (Netflix), an advertiser (Google), a résumé site (LinkedIn), and an address book (Facebook) have ended up shaping the future of [tech] infrastructure," writes a bemused Ashlee Vance. Unsatisfied with the solutions offered by the likes of IBM, HPQ, EMC, NTAP, and ORCL, Web giants have used home-grown hardware and open-source software projects to fulfill their needs. Their ideas and technology are already upending the server industry ... and their impact stands to grow as more companies buy in.
    | 15 Comments
  • Mar. 15, 2013, 7:34 PM
    If history is a guide, the markets may be due for a pullback, according to S&P Capital's Sam Stovall. Since World War II, Stovall says the median advance once the S&P hits its previous high after recovering from a bear market has been just 3%. But despite the ominous warning, there still may be some places to ride it all out. JPMorgan's chief U.S. equities strategist Tom Lee recently came up with 15 stocks that outperformed the S&P 500 in eight of the last 11 pullbacks since 2009: CAG, IBM, DIS, GPC, MMM, FISV, PAYX, PPG, SYY, SIAL, UNP, UTX, PX, L, and XRAY.
    | 28 Comments
  • Mar. 15, 2013, 6:37 PM
    IBM has recently eyed both Rackspace (RAX) and SoftLayer as buyout targets, a former IBM exec tells GigaOm. Meanwhile, EMC is said to be uninterested in SoftLayer - Reuters reported yesterday both EMC and IBM have been in talks to buy the company. Rackspace (unlike SoftLayer) is a major backer of the OpenStack cloud infrastructure platform, which IBM just threw its weight behind. The former exec notes IBM's historical preference to flesh out its product lines via M&A. "IBM does not want to fund its own development because past history shows we’re not very good at it."
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  • Mar. 15, 2013, 11:19 AM
    J.P. Morgan's Thomas Lee sees two distinctive style attributes that will help stocks outperform after the recent run-up: high free cash flow yields and - surprisingly - low dividend yields. Lee's screen produces 15 stocks investors can buy now: CAG, IBM, GPC, MMM, PAYX, UTX, SYY, PPG, PX, UNP, FISV, SIAL, XRAY, L, DIS.
    | 6 Comments
  • Mar. 14, 2013, 5:42 PM
    IBM and EMC are among the companies in the running to buy Web hosting/cloud infrastructure provider SoftLayer Technologies in a deal that could sport a $2B+ price tag, Reuters reports. SoftLayer, locked in fierce competition with Rackspace (RAX) and Amazon, differentiates itself in part by offering hybrid solutions that feature both dedicated and virtual servers. The report comes as IBM targets $7B in 2015 cloud revenue, and EMC subsidiary VMware (VMW) launches a new cloud infrastructure service.
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  • Mar. 13, 2013, 2:41 PM
    Without much fanfare, IBM (IBM +0.6%) is making fresh all-time highs. Big Blue, which raised its analytics/big data sales forecast two weeks ago, currently trades at 12.6x 2013E EPS.
    | 9 Comments
  • Mar. 10, 2013, 5:00 AM
    With companies looking to avoid paying taxes on their profits, 83 of the largest firms kept $1.46T overseas in 2012, up 14.4% from the previous year, Bloomberg calculates. GE (GE) again had the most with $108B held offshore, up from $102B in 2011; Pfizer was second with $73B, after which came Microsoft (MSFT), Merck (MRK), Johnson & Johnson (JNJ) and IBM (IBM).
    | 73 Comments
  • Mar. 6, 2013, 2:24 PM
    "We are going to build our strategy on selling less storage and delivering more value. We'll make a storage consolidation play," says new IBM storage chief Ambuj Goyal. Central to this strategy is 2012 acquisition Butterfly Software, whose storage analysis/migration tools cut down on usage. IBM is also placing a big emphasis on controllers that allow consolidation projects and flash storage installations to happen without apps noticing. IBM's storage hardware ops have been bleeding share, and saw a 5% Y/Y sales drop in Q4. But storage software saw double-digit growth.
    | 1 Comment
  • Mar. 5, 2013, 6:28 PM
    Still looking to produce $7B in cloud-related sales in 2015, IBM is fully embracing the OpenStack cloud infrastructure platform: Big Blue says it will dedicate 500 developers to OpenStack projects, and says the platform will serve as the foundation of its SmartCloud management platform for private and public clouds. Naturally, IBM wants to package SmartCloud with its servers and storage. Rackspace (RAX), Red Hat, H-P, and many others are already backing OpenStack in an effort to provide an open-source alternative to Amazon, VMware, and Micorosoft.
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  • 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.
    | 4 Comments
  • 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.
    | 2 Comments
  • 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.
    | 4 Comments
  • 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.
    | 1 Comment
  • 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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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.