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International Business Machines Corporation (IBM)

  • 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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  • Sep. 22, 2010, 11:15 AM
    Call options spike on Brocade (BRCD +8%), showing investors getting ready for price upside, on another round of takeover chatter. Who's the subject of the latest storage-buy rumors? IBM (IBM).
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  • Sep. 20, 2010, 3:12 PM
    As Netezza (NZ +15.6%) blows past IBM's (IBM +1.4%) $27/share offer price, speculation swirls around other potential targets in the IT storage sector. Several analysts view Teradata (TDC +7.7%) as a logical target, with Hewlett-Packard (HPQ +1%) and SAP (SAP +0.9%) among the interested parties for Netezza or Teradata.
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  • Sep. 20, 2010, 8:14 AM
    IBM (IBM) says it will acquire data-warehousing firm Netezza (NZ) for about $1.7B ($27/share), a 10% premium to Friday's close. Netezza will expand IBM's business analytics services. NZ +13.6% premarket to $28. (PR)
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  • Sep. 14, 2010, 3:45 PM
    IBM CEO Samuel Palmisano slams Hewlett-Packard's (HPQ) decision to spend heavily to acquire 3Par (PAR) and pay a hefty severance to former CEO Mark Hurd. Palmisano expresses scorn for companies that have slashed investments in core technology, saying H-P "had no choice" in overpaying for 3Par because Hurd had cut all R&D.
  • Sep. 7, 2010, 7:47 AM
    Corporate shake-up #2: Oracle (ORCL) confirms weekend rumors that Mark Hurd, the ousted CEO of H-P (HPQ), will join the company as co-president and a member of the board. Analysts say the move is a coup for Oracle as the company is increasingly coming into competition with firms like H-P and IBM (IBM). Shares +5.5%.
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  • Sep. 1, 2010, 8:40 AM (SLRY) is +43% premarket (on light volume) to $4.11 after Kenexa (KNXA) announced it will acquire the firm for $4.07/share in cash. (PR)
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  • Aug. 27, 2010, 7:23 AM
    Shares of cybersecurity firm ArcSight (ARST) shot up 30% yesterday on reports it was quietly shopping itself to such tech heavyweights as Oracle (ORCL), H-P (HP), IBM (IBM) and EMC Corp. (EMC). A deal could be worth $40/share or more, and could be inked by the beginning of September.
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  • Aug. 25, 2010, 12:15 PM
    After Intel (INTC) and McAfee (MFE), and H-P's (HPQ) pursuit of 3Par (PAR), who's next up in tech's buyout binge? Jeff Reeves figures suitors are Google (GOOG), Cisco Systems (CSCO), Microsoft (MSFT) and IBM - and potential targets include NetApp (NTAP), Juniper Networks (JNPR) and Brocade (BRCD). (previously)
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  • Aug. 23, 2010, 11:12 AM
    As part of a wider look at spending cuts, the Obama administration is reviewing 26 troubled technology projects worth up to $30B, in order to find fixes. OMB officials say the projects are over budget, haven't worked as expected or both; key contractors include AT&T (T), Lockheed Martin (LMT), Accenture (ACN), IBM (IBM) and Oracle (ORCL).
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  • Aug. 19, 2010, 9:36 AM
    Mark Hurd has been humiliated in public, so Doug McIntyre speculates that he will want to be exonerated by turning around another tech titan. The CEO job may be open soon at Dell (DELL) after Michael Dell's stunning vote of no confidence, and McIntyre thinks Hurd's the man - "the most skilled tech CEO since Louis Gerstner took over IBM" in 1993.
  • Aug. 13, 2010, 8:45 AM
    IBM (IBM) to acquire Unica (UNCA +118%) for $480M, or $21/share - a 120% premium to Thursday's close. "Unica will expand IBM's ability to help organizations analyze and predict customer preferences and develop more targeted marketing campaigns," IBM said. Unica's 500 employees will work in IBM's Software Solutions Group. (PR)
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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.