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Momintn

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  • Amazon wins CIA cloud contract as IBM ends protest [View news story]
    You might want to read the entire article to see what really happened.

    "International Business Machines Corp. (IBM:US) abandoned its court fight with Amazon.com Inc. (AMZN:US) over a $600 million cloud computing contract for the U.S. Central Intelligence Agency, citing the government’s urgency to begin work on the project.

    IBM withdrew its bid for a stay of U.S. Court of Claims Judge Thomas Wheeler’s Oct. 8 ruling in favor of Amazon after the Justice Department said in court papers that further delay in resolving the contract would bring “harm to the United States” and create “significant challenges” for the CIA.

    Amazon sued the U.S. in July after the Government Accountability Office, the agency that makes recommendations on challenges to contracts, sided with IBM and agreed that the CIA had failed to properly evaluate prices and had waived a contract requirement only for Seattle-based Amazon.

    “In light of the government’s recent submissions emphasizing its need to move forward on the contract, IBM has withdrawn its motion,” Clint Roswell, an IBM spokesman, said in a statement. “IBM maintains its position that the GAO’s findings were appropriate.”

    Roswell declined to say what further action on the contract, if any, Armonk, New York-based IBM would pursue.

    Mary Osako, a spokeswoman for Amazon, didn’t immediately respond to a request for comment.

    The case is Amazon Web Services Inc. v. U.S., 13-cv-00506, U.S. Court of Federal Claims (Washington)."

    To contact the reporter on this story: Andrew Zajac in Washington at azajac@bloomberg.net

    http://buswk.co/19TAt01
    Oct 30, 2013. 08:08 PM | Likes Like |Link to Comment
  • Are Things Really That Bad For IBM? [View article]
    I don't think people understood the title today about IBM which was on this website as "Amazon wins CIA cloud contract as IBM ends protest" with no explanation on Seeking Alpha. I'm beginning to think even this website is one-sided.
    Here is more explanation.

    "International Business Machines Corp. (IBM:US) abandoned its court fight with Amazon.com Inc. (AMZN:US) over a $600 million cloud computing contract for the U.S. Central Intelligence Agency, citing the government’s urgency to begin work on the project.

    IBM withdrew its bid for a stay of U.S. Court of Claims Judge Thomas Wheeler’s Oct. 8 ruling in favor of Amazon after the Justice Department said in court papers that further delay in resolving the contract would bring “harm to the United States” and create “significant challenges” for the CIA.

    Amazon sued the U.S. in July after the Government Accountability Office, the agency that makes recommendations on challenges to contracts, sided with IBM and agreed that the CIA had failed to properly evaluate prices and had waived a contract requirement only for Seattle-based Amazon.

    “In light of the government’s recent submissions emphasizing its need to move forward on the contract, IBM has withdrawn its motion,” Clint Roswell, an IBM spokesman, said in a statement. “IBM maintains its position that the GAO’s findings were appropriate.”

    Roswell declined to say what further action on the contract, if any, Armonk, New York-based IBM would pursue.

    Mary Osako, a spokeswoman for Amazon, didn’t immediately respond to a request for comment.

    The case is Amazon Web Services Inc. v. U.S., 13-cv-00506, U.S. Court of Federal Claims (Washington)."

    To contact the reporter on this story: Andrew Zajac in Washington at azajac@bloomberg.net

    http://buswk.co/19TAt01

    Much has been made about this one contract of $600B for AWS while little has been said about the $1B contract IBM won.
    I bet IBM makes more profit on their contract than Amazon.
    Oct 30, 2013. 08:01 PM | 1 Like Like |Link to Comment
  • BP: A 2014 Story To Start To Buy Now [View article]
    No, I'm not going to short my Mom's stocks.
    Oct 30, 2013. 07:41 PM | Likes Like |Link to Comment
  • IBM Versus Oracle [View article]
    Not a good idea as they are both basically in the same industry with IBM's 5 yr future growth rate slightly higher and forward P/E slightly lower than ORCL. And IBM has made much better acquisitions.
    Oct 30, 2013. 07:39 PM | 1 Like Like |Link to Comment
  • For Maximum Total Return, Go For Growth [View article]
    I am questioning the accuracy of these long-term growth rates for GILD and just holding off on that stock until I see that they make the expectation for the first quarter of 2014 of .58. By then hopefully the estimate for the year will be accurate. What I'm afraid of is that some analysts kept their estimates before the stock split at the beginning of the year, and maybe those are averaged in. The range for EPS FY 14 is $2.44/3.88 (low/high)
    Oct 30, 2013. 07:24 PM | Likes Like |Link to Comment
  • Take-Two Interactive: What You Need To Know About The Blowout Quarter - GTA V Sales And Earnings Results [View article]
    Here's is why the stock went down. It was on TDA's Thinkorswim at 8AM.
    http://bit.ly/16NtgLB
    But you can see from my earlier post above "Schachter still sees a great deal of upside for the $18 stock, reiterating his "outperform" rating and $25 price target."
    So it just depends on which analyst you choose to listen to.
    Oct 30, 2013. 06:05 PM | Likes Like |Link to Comment
  • BP: A 2014 Story To Start To Buy Now [View article]
    I told my mom the first thing I'm going to do when she dies is sell her BP stock.
    Oct 30, 2013. 05:41 PM | Likes Like |Link to Comment
  • IBM's Enhanced Share Buyback Is Unfortunate, As Is Media Coverage Of It [View article]
    I'm sure you are already short.
    Oct 30, 2013. 05:40 PM | Likes Like |Link to Comment
  • IBM's Enhanced Share Buyback Is Unfortunate, As Is Media Coverage Of It [View article]
    I think you are talking about cash flow for one quarter. Provide a link if you disagree.
    Look here for cash at the end of the period 10,072
    Over $10B
    http://bit.ly/19TleEp
    Oct 30, 2013. 05:33 PM | Likes Like |Link to Comment
  • For Maximum Total Return, Go For Growth [View article]
    Chuck, Where are you looking up future earnings growth rates? Thanks in advance.
    Oct 30, 2013. 04:36 PM | Likes Like |Link to Comment
  • IBM's Enhanced Share Buyback Is Unfortunate, As Is Media Coverage Of It [View article]
    I will never own a cigarette company. Cigarettes cause the majority of cancer and heart disease.
    I was just making the very same point on Cramer's pick that has only been a good stock because of "financial engineering" and has not grown organically.
    Oct 30, 2013. 04:33 PM | Likes Like |Link to Comment
  • Take-Two Interactive: What You Need To Know About The Blowout Quarter - GTA V Sales And Earnings Results [View article]
    Most games are bought for Christmas presents. I think this stock will do very well next earnings season.
    Oct 30, 2013. 04:31 PM | Likes Like |Link to Comment
  • Take-Two Interactive: What You Need To Know About The Blowout Quarter - GTA V Sales And Earnings Results [View article]
    I don't think so. If Icahn sold, there would be a filing. I just looked on Nasdaq, and what he has been selling is Webmd and Hain.
    The net cash flow in block trades into the stock today was positive $2.84M with a buy/sell ratio of 1.9. What I think is that traders just hit the sell button as the stock began selling before the market opened. Trading when the market is closed is causing volatility in prices.
    Oct 30, 2013. 04:29 PM | 1 Like Like |Link to Comment
  • IBM's Enhanced Share Buyback Is Unfortunate, As Is Media Coverage Of It [View article]
    Why don't you do something besides post on here if you think you know more than Rometty. Since when are you on a first name basis with one of the most admired CEOs in the world?
    Oct 30, 2013. 04:13 PM | Likes Like |Link to Comment
  • IBM's Enhanced Share Buyback Is Unfortunate, As Is Media Coverage Of It [View article]
    Spinning off stock sounds like "financial engineering" to me. Besides their stock has been more than cut in half. Shouldn't they try to grow their "organic" sales like Cramer says must happen to be blessed? I can't see any reason Altria should have a higher P/E than the S&P 500 when its business model is a dying one.
    Oct 30, 2013. 04:09 PM | Likes Like |Link to Comment
COMMENTS STATS
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