IBM - International Business Machines Corporation
140.14 -0.30 (-0.21%)
After hours: 5:25PM EDT
| Previous Close | 138.89 |
| Open | 139.15 |
| Bid | 140.29 x 800 |
| Ask | 140.77 x 1000 |
| Day's Range | 138.94 - 140.89 |
| 52 Week Range | 105.94 - 154.36 |
| Volume | 3,501,103 |
| Avg. Volume | 4,147,662 |
| Market Cap | 124.973B |
| Beta (3Y Monthly) | 1.68 |
| PE Ratio (TTM) | 14.78 |
| EPS (TTM) | 9.50 |
| Earnings Date | Jul 17, 2019 |
| Forward Dividend & Yield | 6.28 (4.45%) |
| Ex-Dividend Date | 2019-02-07 |
| 1y Target Est | 143.72 |
- Market Realist•6 hours ago
Microsoft Is a Finalist in the Race for a $10 Billion Contract
Four of the Latest Takeaways from Microsoft in April(Continued from Prior Part)Oracle and IBM dropped Microsoft (MSFT) has made it to the short list of companies being considered for a lucrative cloud contract from the US Department of Defense. The
- Bloomberg•8 hours ago
Mozambique Faces Another Powerful Cyclone One Month After Idai
Kenneth has top winds of 52 miles (84 kilometers) per hour, and could reach 104 mph before it makes landfall between Palma, where Anadarko Petroleum Corp. is building a $20 billion LNG project, and Pemba on Mozambique‘s coast, according to the U.S. Joint Typhoon Warning Center in Pearl Harbor, Hawaii. Kenneth would be the equivalent of a Category 2 storm on the five-step Saffir Simpson scale. Anadarko doesn’t anticipate major impacts at its site in Mozambique but will continue to monitor the situation and adjust plans to meet new conditions, the company said in a statement.
- Market Realist•9 hours ago
Why Microsoft Bought Express Logic
Four of the Latest Takeaways from Microsoft in AprilExpress Logic develops IoT softwareMicrosoft (MSFT) announced this month that it had acquired a San Diego startup called Express Logic for an undisclosed amount. Express Logic specializes in
- InvestorPlace•10 hours ago
Why Groupon Stock Can’t Quite Deliver
In some ways, Groupon (NASDAQ:GRPN) looks like an attractive stock. Groupon stock is reasonably cheap based on both EBITDA and free cash flow.Source: Shutterstock There's some potential for GRPN to be acquired at some point. If Groupon could just consistently grow, GRPN stock likely would climb above $3.50. * 10 High-Yielding Dividend Stocks That Won't Wilt It's that "if" that's the big problem, however. Since Groupon stock crashed soon after its 2011 IPO amid accounting concerns, the potential has always been there.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIndeed, in 2017, as I wrote last year, GRPN made some progress. In 2018, it hit its original guidance for the year. And yet GRPN stock hit another multi-year low in December, and stumbled again after it reported its Q4 results and provided 2019 guidance back in February.At these levels, Groupon stock looks somewhat intriguing, even to a longtime skeptic like myself. There are scenarios under which GRPN stock can rally. But that path has been open for years now, and GRPN simply can't seem to get there. Why Groupon Stock Looks IntriguingWhat is different about Groupon stock now versus a few years ago is that the stock now looks reasonably cheap. Cost-cutting in 2017 raised GRPN's margins. Its profit rose last year, as its adjusted EBITDA increased 8%, and its adjusted EPS climbed from $0.11 to $0.18, albeit with some help from corporate tax reform.As a result, the valuation of Groupon stock looks fairly reasonable. It trades at about 19 times its 2018 EPS, and its guidance indicates that its profits will be roughly similar this year. Free cash flow last year, excluding a settlement payment to IBM (NYSE:IBM), was $163 million. According to GRPN, that figure should be roughly similar in 2019. At that level, the price-free cash flow ratio of GRPN stock will be about 12.It's true that the company's 2019 guidance was disappointing, and that's a key reason why Groupon stock fell 11% after the company released its Q4 results. But management cited a target of $300 million of EBITDA in 2020, which would entail an increase of 10%+. If GRPN attains that goal, its enterprise value-EBITDA ratio would be below seven.Those multiples are cheap in general, and they're enormously cheap, considering the valuations of other, similar internet-platform stocks. ANGI Homeservices (NASDAQ:ANGI) trades at something like 25 times its 2019 EBITDA. Match Group (NASDAQ:MTCH) is trading at about 30 times its 2019 free cash flow and something like 20 times its EBITDA. GrubHub (NYSE:GRUB) and Yelp (NASDAQ:YELP) trade at elevated levels as well.Groupon stock doesn't deserve those multiples. But at least, renewed investor confidence in GRPN could cause the current multiples of Groupon stock to expand. Higher multiples and higher growth can combine to sharply raise the price of GRPN stock.But that's been the case for years now. Even when the company's profits were lower, bulls asked, "what if GRPN just traded at one times its sales?"Acquisition rumors have swirled constantly over that stretch as well. They continue to do so. GRPN Stock's CatchAnd yet…it's 2019 and GRPN is back trading in the mid-$3s. It hasn't been able to grow, as its revenue has declined for 12 straight quarters. Some of the pressure on Groupon's revenue in past years has came from the company pulling back in certain international markets and de-emphasizing Groupon Goods. But even management after Q4 admitted that the company's performance in the second half of 2018 was disappointing.An acquisition of GRPN could make some sense, but where are the buyers? Why, exactly, would anyone pull the trigger in 2019 or 2020 when the opportunity has been present for some time?The same issue is true of the company's 2020 guidance. Management is arguing that investments made this year will drive growth next year. Yet, except for the progress that the company made in 2017, GRPN feels like it's been a "next year" story for about six years now. What's different now? And how, exactly, are the company's profits supposed to rise by double-digit percentage levels when its billings and revenue are falling?Groupon lost some 2 million active users in North America in 2018 alone, according to its Q4 results. (I believe I'm one of the 2.1 million.) Its products simply aren't relevant enough to consumers. GRPN's ProblemAt the end of the day, the company's problem is relatively simple, and it's the same as it's been for some time. Specifically, it's not clear that Groupon's business model really works. Consumers like discounts,, but the quality of merchants on Groupon simply isn't good enough to keep driving growth.Meanwhile, the company's model isn't really a "tech" model. GRPN still has well over 2,000 salespeople. Business runs through the company's website and, increasingly, its app. But, at its core, GRPN has a labor-intensive model that doesn't grow well. And it's a model that relies on outside help: Groupon's own 10-K cites headwinds from Google's changes to its search algorithm and its development of the "promotions" tab in Gmail, which has hurt the response to Groupon's emails.Groupon stock does seem to have some value, given its profitability and positive free cash flow. That's why GRPN stock is tempting, particularly at its low price.But the qualitative concerns about GRPN have been going on for so long that it's difficult to ignore them. It's in a really, really tough business. And unless Groupon can either drive consistent growth or find a "white knight" acquirer, it's hard to see how the next few years will look much different from the last few.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post Why Groupon Stock Can't Quite Deliver appeared first on InvestorPlace.
- Market Realist•12 hours ago
Is Intel’s Future Brighter after Modem Exit?
The Latest Buzz from the Semiconductor Sector: QCOM, INTC, AVGO(Continued from Prior Part)Intel was losing money in modem businessIntel (INTC) this month announced its intention to exit the smartphone modem business. That means that Intel has
- InvestorPlace•13 hours ago
IBM Stock Keeps Moving Sideways With No End in Sight
[Editor's note: This story has been edited to correct a misstatement concerning the status of Watson Health.]The case for IBM (NYSE:IBM) stock seems reasonably easy to make. For one, International Business Machines stock (as it's sometimes known) is among the cheapest issues in the market. IBM stock trades at just 10x 2019 EPS estimates and yields a healthy 4.5%.Source: Shutterstock That combination seems like it should be an attractive one for the longtime tech giant. And indeed, I recommended IBM stock on two occasions last year, most recently amid a sell-off in November. There was - and still is - a "get paid to wait" argument for betting on a turnaround. I myself sold puts on IBM early last year, with the goal of either keeping a healthy premium or acquiring International Business Machines stock at a more attractive price.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe problem with IBM stock, however, is that the combination of a cheap price and a solid yield has held for years now. And over that stretch, IBM shares simply have kept falling. The stock actually touched a nine-year low in December. Even with a rally of late, IBM trades more than 20% below early 2017 highs. For nearly three years now, IBM has been a yield trap. * 7 Tech Stocks With Too Much Risk, Not Enough Upside For that to change, the turnaround needs to take hold. And while there's still hope, the recent Q1 earnings report hardly showed much progress. IBM stock still is cheap - but until the underlying business improves, it very well might stay that way. IBM Falls After EarningsIBM infamously posted 23 straight quarters of declining revenue (on a year-over-year basis) before breaking the streak with the Q4 2017 report. Unfortunately, Big Blue is back to its old ways.Three straight quarters of growth have been followed by three straight quarters of decline. In those previous three reports, IBM has fallen short of consensus revenue estimates each time.In Q1, sales fell 0.9% year-over-year, even backing out currency effects. Pre-tax margins did expand sharply (some 300 basis points) but a comparison against one-time charges in the year-prior quarter was a big help. EPS, in part due to a higher tax rate, actually declined to $2.25 from $2.45 the year before.From a broad standpoint, it doesn't look like enough, and the 4%+ decline in IBM stock makes some sense. A Closer Look at EarningsThat said, looking at the quarter more closely results in an "eye of the beholder" situation. For instance, a big issue in the quarter was mainframe sales: IBM Z revenue dropped 38%, per the IBM Q1 conference call. But as The Motley Fool pointed out, that's in part due to the mainframe cycle that may rebound in 2020 or 2021 as a new product is released.At the same time, however, it was that same cycle that largely drove the three-quarter stretch of growth a year ago. Without that cycle, IBM still is a long way from keeping revenue stable.Outside of mainframe, the news looks mixed. Unsurprisingly in the current climate, IBM seeks some growth in key areas. Constant-currency cloud revenue grew 12%, per the Q4 call; that business, over the past four quarters, now has generated about a quarter of total revenue. Consulting revenues are up.But there's a bit of a "rising tide lifts all boats" phenomenon there. Cloud revenue should be rising and perhaps should be rising much faster. Different companies have different definitions of "cloud", but the 12% rate clearly lags those of other tech giants like Microsoft (NASDAQ:MSFT) and Amazon.com (NASDAQ:AMZN). It's difficult from the numbers to believe that IBM is gaining market share; rather, its positioning seems to be eroding in a fast-growing market.Watson increasingly looks like a disappointment. Cloud & Cognitive Software, on the whole, grew constant-currency revenue just 2% in the quarter. However, according to a statement by IBM Watson Health spokesperson John Roderick, the company is not discontinuing its efforts here. Instead, IBM will continue to focus its efforts on existing Watson for Drug Discovery customers:"IBM is not discontinuing its Watson for Drug Discovery offering, and remains committed to its continued success for clients currently using the technology," Roderick told InvestorPlace. "IBM is focusing its resources within Watson Health to double down on the adjacent field of clinical development where the company sees an even greater market need for its data and AI capabilities."Indeed, IBM is growing in seemingly hot areas like cloud and AI. That said, it's declining elsewhere and not growing fast enough where it should be. It certainly is not keeping pace in stronger end markets. As those markets slow and we've already seen cloud worries hit chip stocks like Nvidia (NASDAQ:NVDA) and Intel (NASDAQ:INTC) - IBM's growth will slow, too. What does the story here look like then? How to Play IBM StockThat said, IBM still is cheap, and I'm not sure the case is terribly different from what it was a year ago. There's still hope; there are still valuable businesses in-house, and the acquisition of Red Hat (NYSE:RHT) should help revenue and profit growth (though interest expense will limit the initial bottom-line contribution).For now, there's enough to see International Business Machines stock muddling through and maybe even to see the dividend as attractive. It's worth noting that other low-growth/turnaround tech plays, Oracle (NYSE:ORCL) and Cisco Systems (NASDAQ:CSCO) being the two best examples, have soared of late. Those companies have shown a bit more promise, but they also highlight the potential upside here if IBM can change the narrative.The catch remains, however. For real upside in its shares, IBM has to change the narrative and Q1 wasn't enough to do that. Taking the longer view, it's difficult to ignore recent history, and unwise to buy IBM stock simply because it's cheap. It's been cheap for a while, and that's done little for IBM shareholders.Selling puts (or covered calls) can hedge exposure, and lower the effective price here; that maybe makes IBM more attractive. At a certain point, IBM simply has to drive growth one way or another. Investors have been waiting a long time for that to happen and after Q1, they're still waiting.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks With Too Much Risk, Not Enough Upside * 7 Companies That Are Closing the CEO-Worker Wage Gap * 7 Video Game ETFs That Will Make You a Winner Compare Brokers The post IBM Stock Keeps Moving Sideways With No End in Sight appeared first on InvestorPlace.
- Zacks•13 hours ago
The Zacks Analyst Blog Highlights: IBM, Honeywell, American Express, CSX, Progressive
The Zacks Analyst Blog Highlights: IBM, Honeywell, American Express, CSX, Progressive
Market Realist•15 hours agoDid Buffett Deploy Cash in Q1 as Markets Bounced Back?
Can Berkshire Hathaway Play Catch-Up with the S&P 500 This Year?(Continued from Prior Part)US markets in the first quarterUS markets had a strong first quarter, with the S&P 500 (SPY) rising 13.1%. The markets slumped in the fourth quarter
- Market Realist•yesterday
Buffett’s Wait for His ‘Elephant’ Might Be Longer Now
Can Berkshire Hathaway Play Catch-Up with the S&P 500 This Year?(Continued from Prior Part)Buffett In his 2018 annual letter, Berkshire Hathaway (BRK-B) chair Warren Buffett said that he and vice-chair Charlie Munger “hope for an
- Market Realist•yesterday
What Is Qualcomm Getting in Apple Settlement?
The Latest Buzz from the Semiconductor Sector: QCOM, INTC, AVGOQualcomm secures business contracts Qualcomm (QCOM) and Apple recently announced a surprise settlement of their epic legal dispute where they sued and countersued each other in several
- Barrons.com•yesterday
Earnings ‘Beats’ Don’t Help a Stock as Much as They Used To
Stocks of companies that report better-than-expected results aren’t rising as much as they usually do.
- TheStreet.com•yesterday
Volume Is a Key Indicator for Stocks: Here's How to Use It
If you are into technical analysis, the first thing you probably learned is volume is key. What is really key is volume levels and volume trends. Volume is one of two primary indicators, the other being price action.
- Zacks•yesterday
Top Stock Reports for IBM, Honeywell & American Express
Top Stock Reports for IBM, Honeywell & American Express
- Zacks•yesterday
Microsoft Ups the Ante in IoT With Express Logic Acquisition
Microsoft (MSFT) acquires Express Logic to improve competence in edge and IoT market.
- PR Newswire•2 days ago
IBM Watson Health Names Nation's Top Health Systems
2019 Study Finds Top-Performing U.S. Health Systems Provide Better Care at Lower Cost than Peers Evaluated in the Study ARMONK, N.Y. , April 22, 2019 /PRNewswire/ -- IBM Watson Health™ (NYSE: IBM ) today ...
- Simply Wall St.•2 days ago
Is International Business Machines Corporation's (NYSE:IBM) CEO Pay Fair?
Ginni Rometty became the CEO of International Business Machines Corporation (NYSE:IBM) in 2012. This analysis aims first to contrast CEO compensation with other large companies. After that, we will consider the growth in...
- Motley Fool•5 days ago
IBM Served Up Some Surprises in Q1
The computing titan is prepping for a $33 billion merger, and you won't hear management talking about "strategic imperatives" after this.
- Market Realist•5 days ago
IBM’s Revenue Sank Again
The Latest on PINS, AAPL, IBM, and NFLX(Continued from Prior Part)IBM’s revenue fell for the third straight quarterIBM’s (IBM) stock was down over 4% on Wednesday, April 17, after it reported another disappointing set of numbers for the most
- InvestorPlace•5 days ago
7 Tech Stocks With Too Much Risk, Not Enough Upside
Tech stocks have been on a roll, but that's only the headline news. Don't think that because some of the big names are going gangbusters that the good news translates to all tech firms, even similar firms in the same sectors as the winners.The one thing that happens when earnings slow is investors start looking for strength, companies that can keep their earnings strong even when the economy gets weaker.The seven risky tech stocks to purge below represent the stocks of companies that now find themselves left out of the current tech surge. And if they're struggling now, it's not likely they'll find their footing during more challenging market conditions.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 S&P 500 Stocks to Weather the Earnings Storm They may not implode, but they will find it tough to grow. And when there are plenty of sectors -- and companies -- that will benefit from the slower, steady growth ahead, there's no point in holding these stocks and hoping for upside. Risky Tech Stocks: CoreLogic (CLGX)Source: Shutterstock CoreLogic Inc (NASDAQ:CLGX) is a data firm that specializes in analytics for the real estate business. It has 99.9% of the property records for U.S. housing, covering over 3,100 counties. It is a go-to resource for financial institutions, real estate companies and the like when valuing properties or managing the investment portfolios for companies.The problem is, even with low-interest rates, the housing market isn't taking off. Baby boomers are downsizing as they get older. And the younger generations who should be the next wave of home buying still remember the real estate bust a decade ago and aren't as interested in making a home their core asset.Plus, since many are strapped with student debt, it takes a lot more effort to even afford a home. Many college grads are still paying off student loans into their 30s, a time when most previous generations were buying first homes.That may explain why, even after a year-to-date run of 26% for the stock, CLGX is still off 7% in the past year and analysts are already bearish on its Q1 earnings. International Business Machines Corp (IBM)Source: Shutterstock International Business Machines Corp (NYSE:IBM) remains a force in the big tech world, but it's now less a headliner than it was before the dot-com boom started. Its R&D has always been stellar, but Big Blue is a textbook case of a big corporation that wasn't quick enough on its feet to take advantage of all the innovation it had sitting in its pipeline.Its sheer size has kept it in the game, as well as the quality it produces. But its story is like that of the U.S. auto industry. Hungry competition came in and changed not only the rules but the playing field and getting the biggest tech firm in the world (as it once was) to adapt was almost insulting to leadership.Even after several strategic missteps over the decades, it was even slow to jump into cloud computing. * 7 Stocks to Buy for Spring Season Growth Just this week, IBM stock slid after reporting an earnings miss for Q1. The stock rallied with all the other big tech but again, it's not finding a way to compete against its peers or even smaller niche firms that are eating into its business. Baidu (BIDU)Source: Simone.Brunozzi Via FlickrBaidu Inc ADR (NASDAQ:BIDU) is the second-largest internet search company in the world and the first Chinese stock admitted into the Nasdaq-100.Although, given its size and power in China and other places around the globe, it carries a $59 billion market cap in the U.S., whereas Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) has a market cap of $860 billion. But right now this is a value trap.The Chinese economy has been slow for a while, and one quarter of solid numbers doesn't mean this monster economy is on the mend. And given the fact that these improved numbers also help in trade negotiations with the US, they may not be as improved as we're led to believe.And BIDU is having some issues of its own. Search engine growth is slowing as the business matures and now the company is spending money to keep its growth going. Also, its autonomous vehicle investments are also drawing large sums of cash with little short-term benefit.There's potential here to be sure. But now isn't the time to buy in or hope for a quick turnaround. Blackbaud (BLKB)Source: Shutterstock Blackbaud Inc (NASDAQ:BLKB) is a niche player. It offers cloud-based and software solutions for the global philanthropic community.One of its key challenges now is like many software services companies before it - transitioning its software services to a cloud services model. BLKB is doing that, but it's a challenge when it also likely involves changing the revenue model and non-profits aren't usually known for moving quickly with changes since they have their own budgetary limitations.And while it shifts its delivery and revenue models, it's also having to invest to find more growth. Last year, growth started to slow. And now, many analysts only expect significant growth to return in 2020. * 7 Consumer Stocks to Buy and Hold for Years That may well work out and BLKB may be back on a growth track, but waiting and hoping for that to happen isn't really what investing is about. Also, you have to consider that there are a growing number of alternatives out there as well and once the non-profits are put in a position to re-evaluate their contracts, it may not work in BLKB's favor. DXC Technology Co (DXC)Source: Shutterstock DXC Technology Co (NYSE:DXC) is a technology consulting firm that focuses on global enterprises. Basically, that means it helps multi-national companies build out their tech platforms to better compete and execute.And that is DXC's niche. It works in all manner of industries, from manufacturing to healthcare to financial to aerospace and defense to consumer and retail. One of its recent newsworthy projects was working with BMW to accelerate its autonomous driving efforts.One of its top contracts is working on IT systems for the U.S. Postal Service.The two challenges DXC faces are:1) It's only 2 years old.2) It is looking for contracts in a global slowdown -- Europe is weak, Asia is stabilizing and the U.S. is slowing down.Because of its youth, there's no track record on how well it will deal with these challenges. And as far as its USPS contract goes, that could be challenged from the business or the government appropriations side.There's too much risk right now, too many potential competitors and too much ground to make up. LogMeIn (LOGM)Source: Shutterstock LogMeIn Inc (NASDAQ:LOGM) specializes in remote access and collaboration tools for businesses of all sizes. It supports more than 2 million users per day on its platforms and 5 billion voice minutes per year.One of its most popular platforms is GoToMeeting. It also has a number of other 'GoTo' platforms as well as OpenVoice, Jive and Grasshopper. It also has a set of engagement and support tools as well as identity and access tools to round out its complete set of collaboration platforms.Its tools target the small and medium-sized business sectors, which is a target rich environment for these tools. However, there is plenty of competition in the space. And the challenge with remote access is that workers' connectivity isn't always ideal and maintaining good connections can be a frustrating challenge. That means companies shop vendors. * 5 Semiconductor Stocks to Buy for a Spring Charge LOGM is having troubles with its growth and its competition. Q4 came in weak and then the company guided lower for Q1. And now, competitor Zoom is headed for an IPO with stellar growth numbers. All bad timing for LOGM. FireEye (FEYE)Source: David via Flickr (Modified)FireEye Inc (NASDAQ:FEYE) is a cybersecurity company. Now, this is one of those bulletproof megatrend sectors. But FEYE is a perfect example of how a rising tide doesn't raise all boats.FEYE stock hit its record high more than 5 years ago. It was trading over 80. Now the stock is around 16. And it has been trading in the teens for the past 3 years.Now, there's no doubt that the company has some great technology. But this goes to show that running a tech company isn't all about having great technology. You have to know how to run the business, too.For most of the stocks in this article, Q1 has been very good to them, even those that are underwater for the year got a need boost in Q1.Not FEYE. It had a disappointing Q4 and then guided lower for Q1.There are some bulls out there that say the company is transitioning out of hardware and focusing on its software platforms, which can boost its paltry margins. And that may be so. But do you want to wait for that to possibly happen or put your money somewhere that is already doing just that?Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post 7 Tech Stocks With Too Much Risk, Not Enough Upside appeared first on InvestorPlace.
- PR Newswire•5 days ago
Boursorama renews its agreement with IBM to accelerate its hybrid cloud strategy
PARIS, April 18, 2019 /PRNewswire/ -- IBM (NYSE: IBM) and Boursorama, a subsidiary of Societe Generale group, today renewed their agreement by signing a hybrid cloud contract for five years to help enrich the bank's offerings of new products and services. Boursorama is a pioneer and leader in online brokerage, Internet financial information and, since 2005, online banking. Designated the least expensive bank in France for eleven years, Boursorama pushes the borders to simplify the lives of its customers at the best price and with the best quality of service, according to Boursorama reports.
- PR Newswire•6 days ago
Japan's Fukui Bank Moves to IBM Cloud to Transform the Way it Does Business
ARMONK, N.Y., April 18, 2019 /PRNewswire/ -- IBM Services (NYSE: IBM) announced an agreement with Japan-based Fukui Bank to migrate its distributed processing system to IBM Cloud to help drive operational transformation to address customer needs, and help the bank enhance its initiative to support local community development. As customer preferences become more personalized, it is important for each employee to respond accordingly, quickly respond to changes, and provide high quality digital customer service. Fukui Bank is also driving its transformation to align with changes in its managerial environment, which requires a more flexible IT environment that also bolster the bank's operational security. IBM Cloud provides a framework that allows applications in a virtual infrastructure environment to be migrated as is, which will help Fukui Bank build a cloud environment quickly.
- American City Business Journals•6 days ago
State board approves $425 million toward IBM, Applied Materials projects at SUNY Poly
The Public Authorities Control Board voted to approve $300 million in state grants toward the IBM AI Hardware Center and $125 million for a partnership with Applied Materials.
- Barrons.com•6 days ago
Podcast: Qualcomm Jumps 12% Jump After its Fight With Apple Ends
The rally came after the chipmaker settled a long-running legal fight with (AAPL) which buys Qualcomm’s chips for its smartphone. The legal dispute centered on the way Qualcomm was charging Apple and other clients for the use of its technology. Apple has agreed to license Qualcomm’s technology for six years and pay royalties.
