|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||134.04 - 134.95|
|52 Week Range||134.04 - 16,314.00|
|Beta (3Y Monthly)||-0.18|
|PE Ratio (TTM)||16.84|
|Forward Dividend & Yield||6.48 (3.97%)|
|1y Target Est||N/A|
- New quantum risk assessment and subscription services available to clients - IBM Cloud will begin to provide quantum-safe cryptography services on the public cloud in 2020 - IBM Research demonstrates ...
SAN DIEGO, Aug. 21, 2019 /PRNewswire/ -- IBM (NYSE: IBM) announced today at The Linux Foundation Open Source Summit that it will be contributing implementation rights to key technologies to the open community, further building upon IBM's long legacy of open source development. IBM is opening the POWER Instruction Set Architecture (ISA), which is critical to how hardware and software work together on POWER. With the ISA and other technologies being contributed to the open community, developers will have the tools to build innovative new hardware that takes advantage of POWER's enterprise-leading capabilities to process data-intensive workloads and create new software applications for AI and hybrid cloud built to take advantage of the hardware's unique capabilities.
IBM makes the Power Series chips, and as part of that has open-sourced someof the underlying technologies to encourage wider use of these chips
IBM Supply Chain Application Noted for its Retail Market Dominance, Significant Reduction in Implementation Time, and Continued Investment Integrating Disruptive Technologies ARMONK, N.Y. , Aug. 20, 2019 ...
Uncertainty has descended once more on Wall Street. This makes it difficult to find good stocks to buy. But this doesn't mean that there aren't trends that still carry upside potential while we wait for these short-term disruptions to fade.The world has become addicted to tech, and we now depend on it more than ever. From cells phone to home phones, nothing runs without computers in the background. Because this is a trend that is not likely to reverse anytime soon -- pending a zombie apocalypse -- tech stocks will remain in demand for decades.All kidding aside, the movement from analog to digital is fast-paced, and there is only a short list of companies who supply the brains and the infrastructure needed. These three tech stocks are proven winners and will continue to perform well for the next few years. This is because the overall fundamental thesis is still bullish in spite of the worries that are littering the media's ticker tape.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Safe Dividend Stocks for Investors to Buy Right Now These three have been the main drivers so far and are still best set up to continue to dominate their respective competitors. Amazon (NASDAQ:AMZN), Advanced Micro Devices (NASDAQ:AMD) and International Business Machines (NYSE:IBM) are three likely winners for years to come. Tech Stock to Buy: Amazon (AMZN)Source: Shutterstock Almost nothing happens on the web these days without touching the Amazon Web Services servers. Therefore, AMZN stock is likely to remain in control of its own destiny for many years. This is a hyper-growth company that has never stopped being a startup. Amazon stock will continue to outperform the equity markets in general, in spite of its high price.From a valuation perspective, it has never been cheap, but management backs it up because they continue to deliver. The bottom line doesn't matter as much when AMZN continues to deliver astonishing growth and open up new income streams.There is technical risk from the charts. If AMZN stock falls below $1,750 it can retest $1,620 fast. This is a momentum stock, so it moves quickly in either direction. Should that happen, it won't change the overall thesis of the stock.Conversely, above $1,840 the bulls can trigger a rally to fill the gap to $1,975 per share. Chip Stock to Buy: Advanced Micro Devices (AMD)Source: Shutterstock AMD stock has been the champion of all chip stocks for a while, although it stayed in the shadows of Intel (NASDAQ:INTC) for decades. But now AMD shines bright and casts its own shadow over the whole industry. Last year, when stocks across the sector were falling, Advanced Micro Devices finished up 50%. This outperformance continues into 2019.Year-to-date it is still heads and shoulders above everybody else. Perception counts, and for most experts on Wall Street, Advanced Micro Devices CEO Lisa Su has the benefit of the doubt there. As long as investors believe that she has steered the company into the best wind possible, dips in AMD stock are opportunities to add to the longs. * 8 Dividend Aristocrat Stocks to Buy Now No Matter What Valuation of AMD is not cheap -- but you get what you pay for given the performance of the stock itself. Conversely Intel and Nvidia (NASDAQ:NVDA) have not recovered their mojo after falling from grace. They no longer get the benefit of the doubt on Wall Street like AMD.Technically the AMD stock posture is bullish. It has been setting higher lows while it attacks the closing all-time highs. This is in spite of tremendous nervousness on Wall Street. Should these fears abate, the AMD stock breakout is all but a guarantee. AI Stock to Buy: International Business Machines (IBM)Source: Shutterstock IBM stock is a conundrum for me. I do not like the management because International Business Machines has lagged so far behind other mega-tech stocks in making the transition into the world of subscription models. But I am willing to give it a pass this time because technically, the stock has fallen into support. So if the markets recover from this ongoing geopolitical tizzy, IBM stock may have some short-term upside. This could also serve as a decent entry point into the speculative play on artificial intelligence.For decades, IBM has told us that it is the leader in this sector of artificial thinking. If that's the case, then as artificial intelligence becomes more ubiquitous in our day-to-day lives, IBM will start reaping the rewards from its decades-long efforts in the field. These benefits should then materialize into its stock.Owning IBM at these levels doesn't carry a lot of frothy risk. It sells at a modest price-to-earnings ratio of just over 10 and pays a 4.8% dividend yield.Although there is a great chance that all three will be winners, I prefer either AMZN or AMD stocks over IBM. This is because they have already earned their place in the new order of the tech world. All that AMZN and AMD need to do is continue on the same path. The IBM success story will require blazing a new path.Since the equity markets are near all-time highs and we have so many geopolitical risks looming, there is no rush to bet all your chips at once. Patience is a virtue -- especially under these circumstances.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Real Estate Investments to Ride Out the Current Storm * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk * 7 Safe Dividend Stocks for Investors to Buy Right Now The post 3 Great Tech Stocks to Buy for the Future appeared first on InvestorPlace.
With the dust starting to settle from IBM’s $34 billion buyout, a Red Hat exec says Big Blue has stayed true to its promises – so far.
(Bloomberg) -- It’s not quite what you’d expect from a Koch. Certainly not before the gray-haired Rotary Club in Wichita, Kansas.But there was Chase Koch, scion of one of America’s mightiest private industrial dynasties—a family revered by the political right, reviled by the left and feared by just about everyone—joking about his knock-about years down in Texas.It was back in the early 2000s, Chase said, after he graduated with a marketing degree from the proudly anti-Ivy League Texas A&M (His father, Charles, and uncle, David, studied engineering at MIT, as did his grandfather, Fred). Reluctant to tap the Koch network for a job, he was hunting for work, banging out Led Zeppelin covers with his band and, as he put it, “screwing around in Austin.”Times change—and, with time, the Kochs do, too. Chase, 42, now sits on the board of Koch Industries and is president of Koch Disruptive Technologies, the conglomerate’s venture-capital arm. He’s at the sharp edge of efforts to prepare for a knowledge-based future where cheap computers, data and artificial intelligence might threaten the firm’s dominance.He’s also positioned to control one of the world’s most powerful closely held companies, and represents the future of the conservative political network that has put the Kochs among the country’s most influential families.See the list: The Richest Families in the WorldFew people are aware of just how big Koch is, or the industries it inhabits. Much as Warren Buffett grew Berkshire Hathaway Inc. from its textile-mill roots, Koch keeps about 90% of its profit and pumps the money back into its businesses or buys new ones. It’s now a sprawling network of subsidiaries reporting back to headquarters in Wichita. They include forestry products (Georgia Pacific), fertilizer (Koch Ag & Energy Solutions), fabrics (Invista), commodities trading (Koch Supply & Trading) and ranching (Matador Cattle).The brothers invested well. The $21 million company that Charles joined in 1961 is now worth about $139 billion, a 662,000% return, or roughly 16% annually over almost six decades. Charles and David own about 84% of the company (Elaine Marshall owns most of the rest, gaining control of the stake after the 2006 death of her husband, E. Pierce Marshall).Historically, these investments were in industrial assets—refineries, chemical plants, sawmills.But over the past few years, they’ve been more futuristic, especially in the venture-capital arm led by Chase Koch. The conglomerate has invested billions of dollars in software, network technology, big data, AI, medical technology and 3D printing. “It’s actually really smart for them to do this,” said Hans Swildens, chief executive officer of Industry Ventures, which manages more than $3.4 billion of institutional capital. “If you owned a large number of industrial businesses, and you were looking at all the new technologies that were coming out and how they would affect your business, the best thing that you can do is embrace those.”Jim Hannan, an executive vice president who oversees about half of Koch’s subsidiaries, said tech “has led to a much more common set of issues and opportunities across all our businesses.”At the same time, big industrials are struggling to grow.“We are rapidly moving to a digital economy,” said Nick Heymann of William Blair & Co. “Most of the net worth in the last 20 years in this country has been created outside tangible manufacturing businesses.”For Charles Koch, it was a question of survival. At a 2017 leadership meeting, he pushed his managers to embrace technology and prepare for a knowledge-based future. His message: “Do it or we’ll end up in the Dumpster.”Falling technology costs are generating new threats to established industries.There’s “a level of competition that these players did not face,” said Sanjay Agarwal of Boston-based venture-capital fund F-Prime Capital. “Now you can have startups out of a garage building an autonomous vehicle. That was just not possible earlier.”Cheap computing power and data will fundamentally change every industry, said Koch Chief Financial Officer Steve Feilmeier. The firm said it has invested more than $17 billion in technology companies since 2013, with big bets in cloud computing and enterprise data analytics. Investments have included acquisitions as well as strategic stakes.If it’s going to be disrupted by a new technology, Koch wants to be doing the disrupting and “investing in it in a way where we better understand it,” Feilmeier said.The focus on tech isn’t as big a shift as it appears, said Christopher Leonard, author of “Kochland,” a just-released book about the dynasty.“If you go back to the 1970s, this company was a knowledge company,” he said. “Yes, they owned oil refineries, but they also filled the basement with IBM computers to study the crude-oil market, the gasoline market, to figure out how to run the refineries at the most optimum level.” Data analytics have been embedded in the Koch DNA for decades, Leonard said. “I’m not at all surprised that they’re making bigger moves into that space. It builds on their expertise.”Trying to reposition a huge industrial conglomerate around digital technology doesn’t always have a happy ending.General Electric Co. “made this big effort and got over its ski tips to make itself the platform for industrial digital analytics, and it got way more expensive more quickly” than former CEO Jeff Immelt anticipated, said William Blair’s Heymann.Byron Trott, the founder of merchant bank BDT Capital Partners, who has worked with Koch for more than 25 years and advised on several acquisitions, doesn’t see it running into the same problems. GE faced short-term pressures that come with being publicly traded, he said, while “Koch is doing this because they are really, really good at thinking long term.”Chase Koch’s group has made some of the more ambitious bets outside of Koch’s traditional areas of expertise, like investing in InSightec Ltd., a manufacturer of ultrasound-based surgical tools that can eliminate the need for incisions. He’s the only member of the family from the next generation that works at the company. His sister Elizabeth Koch runs a publishing house, Catapult Books, and David’s children are much younger.Still, Chase took a somewhat unconventional path.After graduating from Texas A&M, he spent several years in Austin playing in a band covering Led Zeppelin, Phish and the Grateful Dead, and trying to find his way in the city’s tech startup scene. While he previously held summer jobs at Koch, including his first at a cattle ranch at age 15, he spent the years after graduation avoiding his father’s shadow.“I was too proud to tap into the Koch network,” he told the Wichita Rotarians.Although he was schooled in his family’s politics from a young age—he recalls Saturdays as a 6-year-old listening to books on tape by Milton Friedman—it’s unclear whether he shares the political philosophy of his father and uncle, who ran for vice president as the Libertarian Party nominee in 1980.“I start with the idea that to learn and grow, you’ve got to be open to other people’s ideas,” Chase Koch told Politico last year. Politics, while important, is “not at all what I’m passionate about.”That raises questions about what will become of the Koch political network, which gives his father outsize influence in the U.S. “There is no comparison for any CEO in corporate America in terms of political influence when compared to Charles Koch,” Leonard said.The Kochs sponsor candidates, think tanks, advocacy groups and academic groups pushing a conservative, free-market agenda. Recently, there have been disagreements with the Republican Party under President Donald Trump on issues such as free trade and immigration. Americans for Prosperity, the Kochs’ primary political advocacy group, is shifting focus toward “finding nonpartisan solutions,” according to a June memo, and it’s prepared to support candidates who get things done regardless of party.In July, the Kochs partnered with liberal investor and philanthropist George Soros to found the Quincy Institute for Responsible Statecraft, a think tank dedicated to promoting peaceful U.S. foreign policy.Leonard said he isn’t convinced the moves constitute a real change to the Kochs’ political goals.“It feels like an adaptable reaction to the moment,” he said, “even as Koch keeps its eye on the long-term strategy of doing one thing, which is constraining the reach of the federal government, dismantling the administrative state and pushing back the reach of government as far as possible.”The political network is “exactly like the corporation,” he said. “It’s run with a long-term view. It has strategic patience.”When Chase returned to Wichita to rejoin Koch Industries after his years in Austin, he began a rotation of high-level jobs, including stints in mergers and acquisitions, tax structuring, agronomics and trading. It was designed as an MBA-like experience to familiarize him with various parts of the operation.Koch Industries won’t detail its succession plan beyond saying that one is in place, and that roles are filled by those most qualified.If Chase eventually succeeds his father in running the firm and the political network, he’ll become one of the country’s most influential people. To contact the author of this story: Tom Maloney in New York at email@example.comTo contact the editor responsible for this story: Pierre Paulden at firstname.lastname@example.org, Peter EichenbaumSteven CrabillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- An Indian startup that aims to use artificial intelligence to deliver faster and more personalized customer support for corporate clients is raising $51 million in funding from investors including March Capital Partners and Chiratae Ventures.Uniphore Software Systems Pvt, based in Chennai and Palo Alto, Calif., plans to use the emerging technology to change the labor-intensive business of call centers, displacing workers with machines. Former Cisco Systems Inc. Chief Executive Officer John Chambers’ JC2 Ventures owns about 10% of the startup. Existing backers also include Analog Devices Inc. founder Ray Stata and Infosys Ltd. billionaire co-founder Kris Gopalakrishnan.Umesh Sachdev, 33, founded the company in 2008 with his engineering classmate Ravi Saraogi. They are competing with technology giants like Google, Microsoft Corp. and International Business Machines Corp. as well as at least a dozen AI startups to automate the $350 billion call center industry, helping agents deliver more useful support while decreasing the number of infuriating and ineffectual experiences.“This is one of the largest rounds in an area of deep tech already seeing a lot of investor activity,” CEO Sachdev said in a telephone interview. “It represents the coming of age of conversational AI.”He declined to reveal the startup’s valuation, but said it is “one step away from turning into a unicorn,” the tech industry’s term for a value of $1 billion or more.Voice bots and automated messaging systems are already changing the world of call centers, and experts reckon the majority of human workers will be driven to obsolescence by artificial intelligence. By 2021, about 70% of organizations will integrate AI to assist employee productivity, researcher Gartner Inc forecast earlier this year.Using messaging apps, chatbots and speech-based assistants, so-called conversational artificial intelligence automates communication and delivers personalized experiences. “Virtual agents are gaining ubiquity via smartphones and messaging platforms to support customer care, marketing and employee efficiency,” said Dan Miller, the lead analyst with Saint Paul, Minnesota-based Opus Research.Sachdev estimates that the U.S. alone has 3.9 million call center workers and those numbers will steadily diminish as companies adopt new technologies. “Humans will shift from taking mundane calls to enhancing knowledge and teaching AI what is the good answer and how to resolve issues,” he said.Uniphore will use the funds to hire talent, invest in research and development and accelerate expansion, particularly in its primary market in North America. The startup plans to increase its engineering and development operations to 200 employees in India by the year end, while another 60 will be based in the U.S. and 40 in Europe and Asia Pacific. Its customers include BNP Paribas SA, Genpact Ltd., NTT Data Corp., and PNB MetLife.“Indian entrepreneurs are going from slow-followers to fast-innovators,” said Chambers in an interview earlier this year, explaining why he’s backing Uniphore. “I see a young breed of founders who are hungry for a piece of the future.”To contact the reporter on this story: Saritha Rai in Bangalore at email@example.comTo contact the editors responsible for this story: Peter Elstrom at firstname.lastname@example.org, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day 38 years ago, IBM (NYSE: IBM ) launched its IBM Personal Computer. Where The ...
Moody's Investors Service ("Moody's") upgraded Dynatrace Intermediate, LLC's ("Dynatrace") Corporate Family Rating to B1 from B2 and Probability of Default Rating to B1-PD from B2-PD. Concurrently, Moody's assigned an SGL-1 Speculative Grade Liquidity Rating to Dynatrace, affirmed the company's senior secured first lien bank credit facilities at B1, and withdrew the Caa1 rating on its senior secured second lien term loan.
Forget bitcoin, blockchain is where the average investor should put their money in, according to Sir John Hargrave , the author of a new book "Blockchain for Everyone."
Moody's Investors Service ("Moody's") downgraded Unisys Corp.'s ("Unisys") Speculative Grade Liquidity ("SGL") rating to SGL-3 from SGL-2, changed the outlook to negative, and affirmed other ratings, including the B2 Corporate Family Rating ("CFR"), B1 senior secured rating, and B3 senior unsecured rating. This rating action follows Unisys's announcement of the partial repayment of $129.3 million principal amount of the 5.5% Convertible Senior Notes due March 2021 ("Convertibles") for consideration consisting of cash and newly issued shares.
[Editor's note: "4 Nanotech Stocks to Watch for Explosive Innovation" was previously published in August 2018. It has since been updated to include the most relevant information available.]Within the broad and rapidly expanding technology sector, nanotechnology offers perhaps the most profound potential impact for society. On a purely scientific level, nanotech involves any innovation conducted at the nanoscale, which is between one to 100 nanometers. As this technology is perfected, it opens up the door to previously impossible mechanisms, making nanotech stocks a must-watch category.But what's behind this innovation? Physicist Richard Feynman, during a lecture in December 1959, introduced the concept that future technologies would enable scientists to "manipulate and control individual atoms and molecules." Over a decade later, professor Norio Taniguchi coined the term nanotechnology. However, it took substantial advancements in microscopic platforms before scientists could begin practical experimentations.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOnce they did, the positive implications from nanotech integration became readily apparent. According to Nano.gov, 25.4 million nanometers can "fit" inside an inch. A single sheet from a typical newspaper is approximately 100,000 nanometers thick.This tech and its astonishing scale will clearly set the pathway towards the next generation of super-computers. But this innovation reaches much further than that. With the ability to manipulate individual atoms, healthcare and the pharmaceutical industry can finally move beyond researching diseases, and towards their complete elimination. * 10 Cyclical Stocks to Buy (or Sell) Now Without question, nanotech stocks have the capacity to deliver enormous gains. Here are four examples to keep a close eye on. Nanotech Stocks to Watch: IBM (IBM)Source: Shutterstock I know exactly what you're thinking. With nanotech stocks representing the cutting edge in scientific innovations, why mention a legacy institution like IBM (NYSE:IBM)? It's a fair point. However, IBM is actually synonymous with this innovation. To not include IBM would be a crime against intellectual honesty.Primarily, "Big Blue" invented the scanning tunneling microscope in 1981 that allowed researchers unprecedented access to individual atoms and molecules. As Nano.gov confirms, the invention of this highly-specialized microscope catapulted the nanotech industry. Without it, scientists could only theorize about this concept.But what I appreciate about IBM as a viable opportunity among nanotech stocks is its fundamental stability. True, shares haven't performed the way investors would have liked in recent years. But this is a company that we can trust will be around in the next 50 to 100 years.Moreover, management is shifting away from its legacy businesses towards sectors that are relevant today. Whether we're talking nanotech, artificial intelligence or the blockchain, IBM has it covered. Plus, it currently offers a dividend yield of 4.6%. Nanotech Stocks to Watch: Taiwan Semiconductor (TSM)Source: Shutterstock Semiconductor companies have recently struggled with the harsh realities of Moore's Law. This is "a principle that states gains in CPU performance sharply declines once technology passes a critical maturation point."Obvious, semiconductors will continue to make strides. However, each dollar invested provides an increasingly smaller performance return. In prior generations, it was thought that a limit could be reached on how small a chip can get.The nanotech industry proved that we still have room to push the dimensional envelope further. As one of the top nanotech stocks within this sector, Taiwan Semiconductor (NYSE:TSM) is certainly a must-watch name.The challenge with most direct nanotech stocks is that they're incredibly speculative. TSM has a proven history of success. Of course, you pay for that privilege in its current share price, so upside potential is comparatively limited. Still, I like the idea of not getting completely wiped out. * 10 Cyclical Stocks to Buy (or Sell) Now Nanotech Stocks to Watch: Thermo Fisher Scientific (TMO)Source: Shutterstock When discussing nanotech stocks, a tendency exists to focus only on computers and electronics. Though they definitely can advantage the technology's performance and productivity output, they're not the only beneficiaries. With the ability to dive deeper into molecular structures, the biotech industry could likely generate the most meaningful impact.That's why investors should take a long look at Thermo Fisher Scientific (NYSE:TMO). As a medical diagnostics and research specialist, Thermo Fisher provides biotech and healthcare firms of all sizes with necessary equipment. As nanotech concepts increasingly transition from theory into reality, TMO is on the ground floor distributing these applied-science products.Better yet, TMO is an established, stable investment. On a year-to-date basis, TMO stock has gained 20%. Over the trailing five years, shares have returned over 100%. As with the other industry stalwarts, you pay for the privilege. But Thermo Fisher is unlikely to leave you hanging. Nanotech Stocks to Watch: Nanometrics (NANO)Source: Shutterstock Smaller, more powerful semiconductors and related electronic devices are only part of the nanotech story. At some point, we need companies that can drill down into the minutiae to perform assessment and quality-control operations. This is where Nanometrics (NASDAQ:NANO) comes into play.As a specialist in metrology, or the scientific study of measurements, Nanometrics develops the components used in semiconductor and solid-state device fabrication. Their platforms also dramatically improve manufacturing productivity while maintaining accuracy and precision.Sentiment has improved dramatically this year after some choppy performances in years past. NANO stock is up over 67% since January's opener.Those who are looking for a discounted opportunity may be somewhat disappointed with NANO's dramatic rise. However, the lift is fundamentally justified. Nanometrics features an exceptionally robust balance sheet, with highlights being zero debt and steadily rising cash. That gives management an extra cushion for future product investments. * 10 Cyclical Stocks to Buy (or Sell) Now Furthermore, NANO maintains strong profitability margins and above-average revenue growth. Recent outperformance in sales suggests more upside remaining for NANO stock.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cyclical Stocks to Buy (or Sell) Now * 7 Biotech ETFs That Should Remain Healthy * 7 of the Hottest AI Stocks to Buy Now The post 4 Nanotech Stocks to Watch for Explosive Innovation appeared first on InvestorPlace.
Anheuser-Busch InBev, Cisco GlaxoSmithKline, Lenovo, Nokia, Schneider Electric and Vodafone to Tackle Supplier Information Management Challenges ARMONK, N.Y. , Aug. 5, 2019 /PRNewswire/ -- IBM (NYSE: IBM ...
Supply chain management involves overseeing the flow of goods and services, such as tracking the movement and storage of raw materials, inventory, and finished goods. It has been identified as one area that can benefit from blockchain technology, a shared database maintained by a network of computers connected to the internet. Technology research firm Gartner Inc said by 2023, blockchain will support the global movement and tracking of $2 trillion of goods and services annually.