|Bid||120.51 x 1400|
|Ask||120.61 x 800|
|Day's Range||119.90 - 121.38|
|52 Week Range||114.09 - 171.13|
|Beta (3Y Monthly)||1.84|
|PE Ratio (TTM)||19.50|
|Earnings Date||Jan 22, 2019|
|Forward Dividend & Yield||6.28 (5.08%)|
|1y Target Est||155.94|
San Jose-based eBay Inc. is ending a company policy that forced employees into private arbitration in cases of sexual harassment at work, BuzzFeed reports.
The IBM-Red Hat deal could be the “distraction” competitors are looking for. Peter Altabef, CEO of Unisys, is one of several CEOs who talked about the deal on recent earnings calls. “After completing the bulk of its portfolio realignment and internal transformation initiatives, IBM Services risks being placed on autopilot while IBM shifts focus to making its largest purchase ever to bolster its software and cloud portfolio,” she says.
The graduation rate of the IBM founded P-Tech high school is 500 per cent of the national average, not 500 times as incorrectly stated in a column on November 12. Copyright © 2015 The Financial Times Limited. ...
There’s one clear question when it comes to shares of Cisco Systems (NASDAQ:CSCO). Is Cisco stock no different than Oracle (NYSE:ORCL) and IBM (NYSE:IBM), where modest earnings multiples are justified by near-zero growth expectations? Or is CSCO stock at the moment something closer to Microsoft (NASDAQ:MSFT): a giant capable of reinventing itself and accelerating growth?
SAP stock fell on the news. The deal comes a month after the Utah-based Qualtrics filed for its Initial Public Offering , where it planned to raise $500 million. Qualtrics was expecting revenue of $400 million this year, and the IPO would have valued it at close to $5 billion. SAP, best known as the main competitor to Oracle (NASDAQ:ORCL) in database software, has been working to become a competitor in cloud, and its survey applications are considered vital in that effort.
Legacy tech giants bet on growth markets like the cloud and software services to maintain their leadership positions in the face of new competition.
Details the CEO buys this past week for the following companies: New Media Investment, American Axle & Manufacturing, Perrigo, IBM and Cooper-Standard Holdings
IBM (IBM) recently won a cloud computing contract from Kyocera. The contract, which was awarded after a competitive bidding process, calls for IBM to provide infrastructure on which Kyocera will run mission-critical applications. Kyocera said it chose IBM over competing bids because it believes IBM can provide it with a secure and flexible cloud environment.
Deep in the bowels of a Swiss laboratory lies a machine that promises to transform the world of banking.
2018 was the year several major tech companies bolstered their cloud businesses through multibillion-dollar acquisitions of software companies.
SAP is acquiring Qualtrics for $8 billion. Qualtrics, which competes with SurveyMonkey in the survey software market, was getting ready for its IPO. SAP SAP-DE is acquiring Qualtrics for $8 billion, snapping up the survey software company just before its planned IPO.
Many investors have heard the old saw that “it’s not a stock market, but a market of stocks.” The saying is meant to imply that while we talk a lot about the general direction of a bull or bear market, it’s just as important to acknowledge the qualities of individual stocks. It’s a mindset that’s worth remembering in 2018, when the S&P 500 Index (SPX) is sitting on a middling return of about 4% since Jan. 1, but there have been plenty of fireworks when you look at individual stocks across more focused time periods. Take blue-chip General Electric (GE) which has crashed and burned about 50% this year after yet another dividend cut, and compare it with perennial high-flier Netflix (NFLX) which is up more than 70% in the same period, thanks in part to big earnings in October.
Hourly work rarely comes with benefits. But the baristas, waiters, and retail workers of the world might soon have access to a benefit formerly reserved for the C-suite. A new partnership between IBM Watson and the workforce management platform Kronos will give hourly workers access to personalized career-path coaching. The virtual coach will advise workers…
I'm still calling it blue -- was taking on water again. The iconic industrial giant fell to its lowest levle in more than eight years on Friday, Nov. 9, after one of its best-followed and most-critical analysts lowered his price target for the beleaguered industrial conglomerate to $6 a share. JPMorgan's Stephen Tusa, who had an underweight rating on the stock since May 2016, said the Boston-based company's third-quarter results were "worse than expected on almost all fronts," as he noted that forecasts for free cash flow and Ebita are moving "materially lower." Still, at some point there has to be a bottom and GE, for all its flaws, is still GE.
The deal to acquire Red Hat (RHT) is expected to interfere with IBM’s (IBM) share repurchase program. IBM is financing the $34 billion Red Hat deal through a combination of cash on hand and loans. Since IBM’s debt is set to rise as a result of its borrowing to finance the Red Hat deal, the company is taking measures to ensure that its debt doesn’t grow to levels that could hurt its credit rating.
Late last month, International Business Machines (NYSE:IBM) agreed to pay $34 billion for software company Red Hat (NYSE:RHT), making it not only the biggest deal in Big Blue’s 107-year history, but the biggest software acquisition ever. In the days following the deal, IBM stock retreated, but IBM stock price has since risen, taking the shares back to roughly where they were before the transaction was announced. The time to pull the trigger on IBM stock — if it’s going to be pulled at all — is now.
IBM (IBM) is acquiring open-source software leader Red Hat (RHT) for $34 billion, which represents a 63% premium to Red Hat’s closing price the day before the deal was made public.
Microsoft (MSFT) is suing a Texas man who it says is a central figure in the distribution of Windows and Office software that violates its copyright. The man, Edgar Gamble, has allegedly been dealing in pirated Microsoft software products for years.
For a brief moment, and we are talking just a few months, Microsoft (NASDAQ: MSFT) lost title of “second most valuable company” to Amazon (NASDAQ: AMZN). Microsoft stock had a strong quarter, and the company regained the title. Since the market’s rebound, Microsoft and Amazon.com now have virtually the same market capitalization.
IBM may be at another turning point in its storied history. In October, IBM announced it was buying the cloud software provider Red Hat for $34 billion, and it's also investing $1 billion in initiatives like apprenticeships to train workers for what it calls "new collar" jobs. IBM president and CEO Ginni Rometty, who coined the term for workers who have technology skills but not a four-year degree, joins "CBS This Morning" to discuss how AI will impact jobs and how the new collar skills can help bridge the digital divide.