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International Business Machines Corporation (IBM)

  • Nov. 1, 2010, 3:24 PM
    Fortinet (FTNT +6.5%) falls four points after refuting rumors of a possible acquisition by IBM (IBM -0.7%), saying it is "focused on building a strong independent company and is not in acquisition discussions with IBM."
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  • Oct. 30, 2010, 3:30 PM
    IBM (IBM) is in advanced talks to buy Fortinet (FTNT), sources say. Purchasing the fast-growing maker of network-security systems would help IBM fill a gap in its portfolio and put to good use some of the cash burning a hole in IBM's pocket.
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  • Oct. 26, 2010, 12:01 PM
    IBM's (IBM +0.7%) chunk of change headed back to shareholders may signal more of the same for other companies; buyback announcements have actually slipped this year, well below the pace in 2006-2007. Tax policy uncertainty could be keeping some firms' powder dry, but some Basel III clarity on reserves could free up financials to let loose dividends and repurchases.
  • Oct. 26, 2010, 10:48 AM
    IBM announces a $10B stock repurchase program, adding on to $2.3B left from its previous authorization - and expects to ask for more in April. The company declared a $0.65 quarterly dividend; shares +0.8%.
  • Oct. 24, 2010, 4:02 PM
    Big companies are quickly adopting cloud computing, writes Barron's, which is great news for computer-service providers like AMZN, GOOG and MSFT, but could spell disaster for Corporate America's hardware and software suppliers. Those with the most to lose: HPQ, DELL, ORCL, CSCO, IBM.
  • Oct. 22, 2010, 9:43 AM
    A revealing infographic separates America's real corporate cash cows (GS, AAPL, GOOG, MSFT, INTC, QCOM) from the charlatans (JPM, BAC, T, CMCSA, VZ, IBM, GE). Bottom line: after factoring in debt, it's not $3.7T sitting on the sidelines, but rather -$750B.
  • Oct. 19, 2010, 4:05 PM
    Market recap: Stock losses accelerated on heightened mortgage concerns after a report that a consortium may force Bank of America to buy back $47B of mortgage bonds. Tech stocks were hit hard on disappointing results from Apple and IBM. The dollar jumped and commodities tumbled on China's interest rate hike. On the NYSE, decliners routed advancers more than five to one.
  • Oct. 19, 2010, 9:15 AM
    Premarket gainers: CTIC +14%. MEE +10%. PH +9%. RNN +7%.
    Losers: INFN -33%. CWTR -29%. OGXI -15%. KCI -13%. BXC -11%. HT -7%. BKCC -7%. NVO -7%. VMW -7%. AIB -6%. ABK -5%. RIO -5%. ALU -5%. AAPL -5%. HL -4%. IBM -4%. RCL -4%. AUY -4%. ARMH -4%. WFT -4%. BHP -4%. SLW -4%. TOT -4%.
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  • Oct. 18, 2010, 4:19 PM
    IBM (IBM): Raises full-year EPS guidance to at least $11.40 vs. $11.29 consensus. Gross margin of 45.3% falls short of consensus of 46%. Free cash flow of $3.2B was down $200M year-on-year.
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  • Oct. 18, 2010, 4:17 PM
    IBM (IBM): EPS up 18% for the 31st straight quarter of EPS growth, on 3% higher revenues. Services revenues up 2%; Global Technology Services revenue of $9.5B, up 1%; Global Business Services of $4.6B, up 5%. Systems and Technology revenue jumps 10.4% to $4.3B. (PR)
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  • Oct. 18, 2010, 4:10 PM
    IBM (IBM): Q3 EPS of $2.82 beats by $0.07. Revenue of $24.3B vs. $24.1B. Shares -2.6% AH. (PR)
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  • Oct. 18, 2010, 4:05 PM
    Market recap: Financials lifted stocks in the morning after Citigroup's (C +5.6%) beat, and equities powered out of rangebound trading in the afternoon, finishing close to 2010 highs. Other banks riding the wave: WFC +5.5%, BAC +3%, JPM +2.9%. Crude jumped as the dollar slipped -0.3% against yen, -0.1% against euro. Tech bellwethers Apple (AAPL) and IBM about to report.
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  • Oct. 18, 2010, 12:10 AM
    Notable earnings after Monday's close: AAPL, CCK, IBM, INFN, LNCR, STLD, VMW
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  • Oct. 16, 2010, 8:25 AM
    Get ready as earnings season really takes off next week: Major banks (C, WFC, BAC), from whom analysts expect improvement; somewhat worse results expected from I-banks (GS, MS) on low trading activity; a rash of big pharma; AT&T (T) and Verizon (VZ); airlines; and on Monday Apple (AAPL) leads off big tech results, which include IBM, AMZN, EBAY and YHOO.
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  • Oct. 12, 2010, 7:40 AM
    Oracle (ORCL) and IBM (IBM) agree to collaborate on Java development efforts using the OpenJDK project started by Sun Microsystems, rather than IBM's Apache Harmony. Execs say the pact will "remove some of the uncertainty about the future of Java," but that seems unlikely until Oracle and Google (GOOG) settle their ongoing dispute.
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  • Oct. 4, 2010, 2:34 PM
    F5 Networks (FFIV +1.4%) was approached over a year ago about a potential takeover, Reuters reports, and remains a potential target for a number of large tech firms. Mentioned as possible suitors: IBM (IBM -0.6%), Dell (DELL -1.7%), Hewlett-Packard (HPQ -0.7%), Oracle (ORCL -0.4%), Juniper (JNPR +0.5%) and Cisco (CSCO -1.3%).
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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.