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International Business Machines Corporation (IBM)

  • Dec. 17, 2010, 11:55 AM
    After reporting unexpectedly strong Q1 earnings and receiving upbeat analyst reports from Deutsche Bank and Jefferies, Accenture (ACN) is +7.9%. In a sign of the potential resurgence of IT spending, Oracle (ORCL +5.5%) also posted strong quarterly numbers Thursday.
    | Dec. 17, 2010, 11:55 AM | Comment!
  • Dec. 17, 2010, 10:37 AM
    Hewlett-Packard (HPQ) says an ongoing investigation into alleged bribery in Russia will expand to other countries, too. The Department of Justice and the SEC are looking into whether employees in Germany, Austria, and the Netherlands “were involved in kickbacks or other improper payments" to channel partners or other entities. H-P is flat.
    | Dec. 17, 2010, 10:37 AM | 2 Comments
  • Dec. 17, 2010, 8:54 AM
    Oracle's (ORCL) Q2 gives a modest indication corporate IT spending is up again and bodes well for the entire industry. While hardware revenues hit $1.1B, it's an open question if Oracle can revive the flagging Sun server business in the long term. Premarket, Oracle is +4.3%.
    | Dec. 17, 2010, 8:54 AM | Comment!
  • Dec. 16, 2010, 8:18 AM
    Optimists see 2011's tech sector as poised for growth, with strong company balance sheets, high consumer interest, and businesses needing to drive efficiency gains. Other positives: 2010's M&A activity, tablet computers, streaming video, mobile apps and services, and the cloud. But not everyone is so upbeat.
    | Dec. 16, 2010, 8:18 AM | Comment!
  • Dec. 15, 2010, 2:32 PM
    Since 2002, IBM (IBM -0.7%) has sunk $28B in deals and invested heavily in R&D. Yet since 2002, it boosted sales only 15% and saw shares rise 21% - Hewlett-Packard (HPQ -0.4%) spent over $43B on mergers and saw revenue and share price double in that period. But IBM has seen 26 straight quarters of per share earning increases, compared to H-P's 6.
    | Dec. 15, 2010, 2:32 PM | Comment!
  • Dec. 15, 2010, 1:53 PM
    Tech isn't a 2011 top pick for Citigroup - in fact, it falls behind energy, capital goods, insurance, diversified financials, and consumer services. The 330 leading indicators behind the market aren't pointing to Outperformance just now. And as one analyst observes, “everyone likes tech, and that’s often because they’ve already bought it.”
    | Dec. 15, 2010, 1:53 PM | 1 Comment
  • Dec. 15, 2010, 11:19 AM
    Hewlett-Packard (HPQ) wins a 5-year, $1.4B data center outsourcing contract from European telecommunications company E.ON (EONGY.PK). Under the deal's terms, more than 11K employees will join H-P, which will also function as E.ON's operational integrator. H-P is -0.3%.
    | Dec. 15, 2010, 11:19 AM | Comment!
  • Dec. 14, 2010, 4:58 PM
    Hewlett-Packard (HPQ) shares are down 19%, but Gleacher & Co. is upbeat. Gleacher notes how H-P's recent buyouts created unease, but in a positive sign, 60% of its operating profit last year derived from "sticky" non-PC revenue, such as printers and services. H-P closed at -0.2% .
    | Dec. 14, 2010, 4:58 PM | 1 Comment
  • Dec. 14, 2010, 1:39 PM
    Here's a thought: Cash-rich Check Point Software (CHKP +0.5%) should buy apps platform security and optimization provider Radware (RDWR +0.7%), which is already on the block. This might "establish an Israeli empire for network security and optimization" in the cloud.
    | Dec. 14, 2010, 1:39 PM | Comment!
  • Dec. 13, 2010, 10:36 AM
    After H-P (HPQ), IBM (IBM) and now Dell (DELL -2.7%) snap up a string of high-profile players in a race to capitalize on the cloud computing surge, CommVault (CVLT -1.2%) and NetApp (NTAP +3.1%) look like the most attractive takeover targets, analysts say. CommVault's $1.4B market cap may be the easier pill to swallow, but NetApp's dominance makes it the real prize.
    | Dec. 13, 2010, 10:36 AM | Comment!
  • Dec. 11, 2010, 1:24 PM
    After a bruising week, Pres. Obama will hold a one-day summit on Wednesday for corporate CEOs, hoping to persuade some of the companies to start using their collective $1.9T of cash for expansion and new hires. Invitees include GOOG, CSCO, IBM, AXP, PEP and more.
    | Dec. 11, 2010, 1:24 PM | 37 Comments
  • Dec. 10, 2010, 3:30 PM
    Oracle (ORCL) wants the Apache Software Foundation to rejoin the Java Executive Committee. Apache resigned this week, complaining Oracle has too much control over Java. The Java community process is dead, and what's left "is a zombie, walking the streets of the Java ecosystem," says the foundation president.
    | Dec. 10, 2010, 3:30 PM | Comment!
  • Dec. 10, 2010, 11:56 AM
    Analysts expect Oracle (ORCL) to report Q2 revenue of $8.3B and earnings of 46 cents/share, up from $5.9B and 39 cents/share in Q2 last year. Oracle is getting a boost from an uptick in business IT spending, and from its Sun hardware business. Oracle is +1.4%.
    | Dec. 10, 2010, 11:56 AM | Comment!
  • Dec. 9, 2010, 10:52 AM
    The tech sector is "embarking on a new growth spurt" in the U.S., adding 47K jobs so far this year, says Moody's. Tech's seen a 15% employment growth rate in 2010, as compared to a 11% rate for the overall economy. Government stimulus has helped, along with rising demand for products in Asia and Latin America.
    | Dec. 9, 2010, 10:52 AM | 2 Comments
  • Dec. 8, 2010, 1:47 PM
    Microsoft (MSFT) announced it won a USDA contract through partner Dell (DELL) to provide email and other cloud services to 120K users. Governments are eager to shed IT duties, and Microsoft already counts New York City and California as customers. Microsoft beat out both Google (GOOG) and IBM (IBM) for the deal - just after Google beat Microsoft in a $6.7M outsourcing bid.
    | Dec. 8, 2010, 1:47 PM | Comment!
  • Dec. 7, 2010, 12:35 PM (CRM, +1.5%) announced a database cloud service. No doubt there are plenty of companies wanting to build or expand software applications without managing the requisite databases, but has a ways to go before the big Oracle (ORCL) or IBM (IBM) shops defect.
    | Dec. 7, 2010, 12:35 PM | 1 Comment
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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.