IBM - International Business Machines Corporation

NYSE - NYSE Delayed Price. Currency in USD
133.76
-0.15 (-0.11%)
At close: 4:02PM EST
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Previous Close133.91
Open134.11
Bid0.00 x 800
Ask0.00 x 800
Day's Range133.67 - 134.51
52 Week Range105.94 - 152.95
Volume3652807
Avg. Volume3,435,229
Market Cap120B
Beta (3Y Monthly)1.34
PE Ratio (TTM)15.54
EPS (TTM)8.60
Earnings DateJan 21, 2020
Forward Dividend & Yield6.48 (4.86%)
Ex-Dividend Date2019-11-07
1y Target Est148.30
  • Reuters

    UPDATE 3-Intel hires former GlobalFoundries, IBM chip executive

    Intel Corp has hired Gary Patton, who was chief technology officer at semiconductor maker GlobalFoundries, according to an internal Intel memo seen by Reuters on Wednesday. Patton previously spent more than a decade in the chip unit at International Business Machines Corp. Intel, which was known in Silicon Valley for promoting heavily from within, has lured several notable executives from competitors.

  • Will the court find fire in the smoke of Amazon’s JEDI claims?
    American City Business Journals

    Will the court find fire in the smoke of Amazon’s JEDI claims?

    AWS' complaint paints a picture of an acquisition flawed by a list of alleged procurement errors designed to reach a predetermined outcome. The $10 billion question is, will the court see it that way?

  • What Amazon is really accusing Trump of doing in JEDI deal
    MarketWatch

    What Amazon is really accusing Trump of doing in JEDI deal

    The conspiracy theory at the heart of Amazon.com Inc.’s lawsuit over its loss of the $10 billion JEDI contract is another example of more possibly unethical tactics by the Trump administration.

  • IBM (IBM) Stock Moves -0.01%: What You Should Know
    Zacks

    IBM (IBM) Stock Moves -0.01%: What You Should Know

    IBM (IBM) closed the most recent trading day at $133.90, moving -0.01% from the previous trading session.

  • 15 Large-Cap Stocks Betting Big on Mamp;A
    Kiplinger

    15 Large-Cap Stocks Betting Big on Mamp;A

    The right mergers and acquisitions (M&A;) can make a good company even better by opening up new markets, expanding capabilities and market share, and diversifying product lines.Not every deal is a guaranteed winner, but investors typically benefit from smart M&A.; A 2016 Booth Business School study found, on average, an increase in overall value for both the acquiring and acquired companies at the time of the merger, and a long-term rise in value for companies that made cash acquisitions.Consider the $81 billion merger between Exxon and Mobil in 1999 that created Exxon Mobil (XOM) - now a $300 billion goliath and the largest publicly traded energy company on U.S. exchanges. Or there's Walt Disney's (DIS) $6 billion buyout of Pixar in 2006. The studio's animated films have generated nearly $11 billion in worldwide box office alone, not accounting for merchandise and other related opportunities.Last year was an especially good year for corporate M&A; thanks to major catalysts provided by tax reform, low borrowing costs and a healthy stock market. Dealmaking hit near-record levels last year. According to Mergermarket, 5,718 transactions closed, and deal volume exceeded $1.5 trillion - the second-highest total ever. Also noteworthy was last year's surge in "mega-deals" - transactions valued at more than $10 billion. These included Keurig Dr. Pepper's (KDP) $27 billion acquisition of soft drink maker Dr. Pepper Snapple Group and pharmacy chain CVS Health's (CVS) $70 billion takeover of health insurance provider Aetna.Here are 15 large-cap stocks that are looking for big things out of their pending or recently closed M&A; deals. These mergers and acquisitions are either already sparking new life in the acquiring companies, or analysts and other market professionals expect them to do so over the coming years. SEE ALSO: The Berkshire Hathaway Portfolio: All 47 Buffett Stocks Explained

  • Urbem's 'Wonderful Business' Series: Exponent
    GuruFocus.com

    Urbem's 'Wonderful Business' Series: Exponent

    A consulting niche player with a reputation moat Continue reading...

  • IBM AI Innovations Sharpen Risk Detection in Identity Management
    PR Newswire

    IBM AI Innovations Sharpen Risk Detection in Identity Management

    IBM (NYSE: IBM) Security today announced it is extending its artificial intelligence (AI) technology originally developed to protect users in the financial services industry, to clients in all industries via the company's identity-as-a-service (IDaaS) offering. IBM Cloud Identity now features AI-based adaptive access capabilities that help continually assess employee or consumer user risk levels when accessing applications and services. The solution escalates suspicious user interactions for further authentication, while those identified as lower risk are "fast tracked" so they can access applications and services they need.

  • Amazon Cites Trump Bias at ‘Enemy’ Bezos in Cloud Deal Loss
    Bloomberg

    Amazon Cites Trump Bias at ‘Enemy’ Bezos in Cloud Deal Loss

    (Bloomberg) -- Amazon.com Inc. claims the Pentagon failed to fairly judge its bid for a cloud contract worth up to $10 billion because President Donald Trump viewed company founder Jeffrey Bezos as his “political enemy.”Amazon Web Services, Amazon’s cloud unit, claimed in a lawsuit that was made public on Monday that the Defense Department ignored Amazon’s superior technology and awarded the contract to Microsoft Corp. despite its “key failures” to comply with requirements for the so-called Joint Enterprise Defense Infrastructure, or JEDI, contract.The Pentagon made those errors because of improper interference by Trump, who Amazon said “launched repeated public and behind-the-scenes attacks to steer the JEDI Contract away from AWS to harm his perceived political enemy -- Jeffrey P. Bezos,” according to the lawsuit. The president has long criticized Bezos, especially for his ownership of The Washington Post.Defense Department spokeswoman Elissa Smith denied any external factors influenced the bidding process. Microsoft spokeswoman Janelle Poole said in a statement that the Pentagon “ran a detailed, thorough and fair process in determining the needs of the warfighter were best met by Microsoft.”Amazon, which filed its lawsuit under seal last month in the U.S. Court of Federal Claims, is seeking to prohibit the Defense Department from proceeding without a new evaluation or award decision. The department won’t start work on the contract beyond certain “preparatory activities” until February 11, according to the lawsuit.“Basic justice requires reevaluation of proposals and a new award decision,” the company said in its lawsuit. “The stakes are high. The question is whether the President of the United States should be allowed to use the budget of DoD to pursue his own personal and political ends.”The Pentagon’s JEDI project is designed to consolidate the department’s cloud computing infrastructure and modernize its technology systems. Amazon was widely seen as the front-runner for the contract because it previously won a lucrative cloud deal from the Central Intelligence Agency and had earned the highest levels of federal security authorizations.Amazon said in its lawsuit that the Pentagon’s “pervasive errors are hard to understand and impossible to assess separate and apart from the President’s repeatedly expressed determination to, in the words of the President himself, ‘screw Amazon.’”Amazon was citing a new book by Guy Snodgrass, a speechwriter to former Defense Secretary Jim Mattis, that alleges that Trump, in the summer of 2018, told Mattis to “screw Amazon” and lock it out of the bid. Mattis didn’t do what Trump asked, Snodgrass wrote. Mattis has criticized the book, but hasn’t commented on the allegation concerning Amazon.Amazon’s lawsuit also lists other comments and actions by Trump and the Defense Department to make its case that the Pentagon bowed to political pressure when making the award to Microsoft. In 2016, Trump said that when that he would become president, Amazon would “have problems” and that the company was “getting away with murder,” according to the lawsuit.The company also cited the president’s comments during a press conference in July, when he openly questioned whether the JEDI contract was being competitively bid, citing complaints from Microsoft, Oracle Corp. and International Business Machines Corp. Later that month, Trump “doubled down” on that rhetoric when he tweeted television coverage that characterized the JEDI contract as a “Bezos bailout,” the lawsuit says.As Trump’s criticisms persisted, Amazon alleges, the Pentagon took numerous actions to “artificially level the playing field” between the company and its competitors during the bidding process, including a decision in mid-2018 to refuse to evaluate past contract performance. For example, the lawsuit alleges that months after the Pentagon initially reviewed Amazon’s proposal, the Defense Department changed one of its requirements for hosting sensitive data, which prevented Amazon from leveraging its existing data centers and increased its total proposed price.The Seattle-based company also contends the Pentagon ignored critical aspects of its proposal while overlooking Microsoft’s deficiencies on concerns regarding security, price and its ability to offer a marketplace of third-party technology products.While no law prohibits a president from weighing in on a contract, federal agencies must follow strict rules about what they can and can’t consider when making an award decision. Agencies must choose vendors based on the criteria outlined in their requests for proposals to avoid inviting a successful legal challenge, according to procurement experts.Still, the experts have said loosing bidders such as Amazon face steep odds to successfully overturn a contracting decision on the legal basis of political or vendor bias.A study conducted by Rand Corp. found that the U.S Court of Federal claims sustained just 9% of contract protests against the Defense Department from 2008 through 2016. The Government Accountability Office sustained 2.6% of contract protests during the same time period, though a much larger percentage of challenges led the agency to make changes to the procurement decision or terms, according to the study.(Updates with comment from Microsoft starting in fourth paragraph)To contact the reporter on this story: Naomi Nix in Washington at nnix1@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Larry LiebertFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • AWS: DOD made a nest of ‘prejudicial errors’ in JEDI evaluation
    American City Business Journals

    AWS: DOD made a nest of ‘prejudicial errors’ in JEDI evaluation

    Like everything tied to this potential $10 billion cloud infrastructure contract, the AWS protest is a colorful, compelling and bellicose broadside of how the JEDI acquisition has been handled and how it should be undone.

  • Barrons.com

    ‘Kubernetes’ Is the Future of Computing. An Insider Explains Why.

    The future of the cloud -- a major engine for tech growth -- is being driven in part by a non-profit foundation.

  • Beijing Pushes for Removal of Foreign Tech in More State Offices
    Bloomberg

    Beijing Pushes for Removal of Foreign Tech in More State Offices

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The Chinese government is taking further steps to remove foreign technology from state agencies and other organizations, a clear sign of determination for more independence amid escalating tensions with the U.S.Beijing will likely replace as many as 20 million computers at government agencies with domestic products over the next three years, according to research from China Securities. More than 100 trial projects for domestic products were completed in July, the brokerage firm said. The Financial Times newspaper said the Communist Party’s Central Office earlier this year ordered state offices and public institutions to shift away from foreign hardware and software.The government under President Xi Jinping has been trying for years to replace technologies from abroad, and particularly from the U.S. Bloomberg News reported in 2014 that Beijing was aiming to purge most foreign technology from its banks, the military, government agencies and state-owned enterprises by 2020. The country’s Made in China 2025 plan also set out specific goals for technology independence, although the policy has been de-emphasized after contributing to trade war tensions.U.S. President Donald Trump’s aggressive policies against China and its leading companies have given the effort renewed urgency. His administration banned U.S. companies from doing business with Huawei Technologies Co. this year and blacklisted other Chinese firms.“The trade war has exposed various areas of Chinese economic weakness, which Beijing seems determined to rectify,” said Brock Silvers, managing director of Adamas Asset Management. “If the decision pushes Trump to finally come down hard with a more forceful ban of Chinese tech, however, China may one day regret having gone so public with its policy so soon.”While the current push is narrow in scope, it is designed as part of the broad, long-standing effort to decrease China’s reliance on foreign technologies and boost its domestic industry. The goal is to substitute 30% of hardware in state agencies next year, 50% in 2021 and 20% in 2022, China Securities estimated, based on government requests and clients’ budgets.The research, from September, detailed Beijing’s goals. The FT reported the number of computers to be replaced could reach 30 million, attributing the figures to China Securities. The newspaper said the goal is to use “secure and controllable” technology as part of the country’s Cyber Security Law passed in 2017.Starting next year, key industries such as finance, energy and telecom will test more domestic products in trials that may last years, the firm said. Chinese banks are supposed to shift from International Business Machines Corp. and Oracle Corp. to more diversified X86 architecture suppliers and then eventually to fully made-in-China hardware. China has decided to adopt ARM architecture for its domestic hardware, China Securities said.“The China-U.S. trade war could also help to breed a new market for home-made products,” China Securities analyst Shi Zerui wrote.Still, Beijing’s push has proven difficult because its domestic industry hasn’t yet shown itself capable of matching foreign technologies in certain sectors. Particularly hard to replace, for example, are semiconductors from suppliers like Intel Corp. and Nvidia Corp., as well as software from Microsoft Corp. and Apple Inc.“While large suppliers such as Microsoft and IBM are undoubtedly worried, many high-end components, like chipsets, can’t be easily replaced,” Silvers said.\--With assistance from Debby Wu.To contact Bloomberg News staff for this story: Gao Yuan in Beijing at ygao199@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg

    The Plan to Turn Your Car Into a Virtual ATM

    (Bloomberg) -- Chris Ballinger came away from a year of crunching numbers at Toyota Motor Corp.’s Silicon Valley skunkworks convinced that his dream of automotive automation was no more fanciful than his bosses’ ambition to make a vehicle that can drive itself.So the former derivatives trader who spent 14 months as finance chief at Toyota’s innovation hub launched a non-profit that aims to turn cars into rolling wallets able to autonomously make and receive payments in a virtual currency. Drivers would earn small sums for sharing data on everything from traffic congestion to weather and be debited for infrastructure use and contribution to pollution.‘’Everyone focusing on autonomous vehicles thinks they’ll be able to drink cognac in the back, but machines will do many other things autonomously before they can surmount a problem of driving around somewhere like Bangalore or in particularly bad weather,” said Ballinger, a 62-year-old resident of Los Angeles, where he runs his Mobility Open Blockchain Initiative. “It’s a very hard engineering problem, but setting up machine-to machine payments is comparatively very simple.”Simple is a relative word. The vision is as futuristic as it is ambitious. It depends on a myriad of technological advancements, not to mention regulatory change and cooperation among traditional rivals. While cars already have ever more computing power, changing long-held views on infrastructure funding, vehicle ownership and even the nature of money could prove insurmountable. And then there’s the law of unintended consequences.“When tech is applied to cities and transportation by smart people who understand tech but don’t understand cities, the outcome can actually be bad for cities and create new or bigger problems,’’ says Brent Toderian, former chief city planner in Vancouver. “There’s a danger to boosterism with these kinds of ideas, and a need to be cautious and critical in a way that tech folks often aren’t.’’  As an example, he said new technology could lead to more driving, reducing any positive environmental impact such advances were supposed to deliver.Whatever the challenges, the mobility sector is -- in industry jargon -- a burning platform, meaning urgent change is required to head off obsolescence. While artificial intelligence and blockchain could make Ballinger’s vision possible, the dominance of a small club of Silicon Valley heavyweights means automakers risk being left behind in the digital age, said Jamie Burke, an adviser to MOBI and founder of Outlier Ventures, which invests in companies developing such technologies.Facebook Inc.’s Libra stablecoin, a global currency that social networking behemoth is developing, is like gasoline on the burning platform he said.“We don’t have the luxury of tinkering around anymore, we need to get our acts together to accelerate action toward what is moving already,” said Ballinger. “Everybody is asking should every market have its own token and do we need to have one?”Ballinger co-founded MOBI last year with the likes of BMW AG and Ford Motor Co among its founding members. The consortium, which now has about 90 members from International Business Machines Corp. to Honda Motor Co., is exploring how blockchain and related technologies can contribute to a safer and more efficient transport system, while also reducing congestion and pollution.The first blockchain — a public ledger -- was created to track Bitcoin transactions, and the technology has since been adopted far beyond the realm of cryptocurrencies for everything from enabling international payments to verifying products in a supply chain. The digital currency universe has also expanded rapidly in the past decade, with low-volatility digital tokens known as stablecoins among the fastest growing sub sectors.For the vision to materialize, city infrastructure will have to be equipped to communicate with vehicles. Smart cities, urban metropolises pulsating with sensors and powered by artificial intelligence, are on the drawing board. Alphabet Inc.’s urban innovation unit Sidewalk Labs LLC is working on creating a “city of the future” on Toronto’s waterfront.The building blocks exist, making the bigger challenge getting the various technologies and devices to communicate, according to Maria Minaricova, head of business development at Fetch.ai, a Cambridge, U.K.-based company focused on AI, blockchain and internet of things technologies that is also a member of the MOBI consortium.“There are already so many sensors -- cars have sensors, so do traffic lights and cameras, and so on -- but they’re currently disconnected and what’s also missing is interoperability,” said Minaricova. “Historically if you produced somethingm, you would keep it on your platform and it could only communicate with your devices, but the new generation will need to open this up so all devices can speak to each other.”MOBI is now working with BMW, Ford, Honda, General Motors Co. and Renault SA to develop a trusted digital identity for vehicles as a first step toward enabling a mobility payments network. Last month MOBI hosted a gathering of industry executives in Los Angeles to discuss how such a payments system might work.MOBI could develop an industry stablecoin, as low volatility virtual currencies are known, or use an existing coin to make and receive micropayments on a blockchain network, says Ballinger. The project would not only change how vehicles and cities interact but could also provide a real world use case for digital currencies beyond speculation.“Everyone is excited by the promise of technology and waiting for the first killer app, for what will be to digital currencies what email is to the internet,” he says. “That is, where does it get used in a way that consumers find it adds value compared to existing payment systems, and we think mobility and machine-to-machine payments are likely to be one such area because we have big issues with funding public infrastructure and charging for congestion and carbon.”To contact the author of this story: Alastair Marsh in London at amarsh25@bloomberg.netTo contact the editor responsible for this story: James Hertling at jhertling@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Microsoft fairly and squarely beat Amazon in $10 billion Pentagon cloud contract
    MarketWatch

    Microsoft fairly and squarely beat Amazon in $10 billion Pentagon cloud contract

    The prestigious contract went to the superior company, despite detractors who claim President Trump opposed Amazon.

  • GOOGL, AMZN, MSFT & Others to Watch in Healthcare Industry
    Zacks

    GOOGL, AMZN, MSFT & Others to Watch in Healthcare Industry

    Tech giants like Alphabet, Amazon, IBM, Microsoft and Apple are foraying into the healthcare industry to capitalize on its prospects.

  • Investopedia

    4 ‘Legacy’ Tech Stocks that Could Post Big Rebounds

    Four legacy tech stocks are lagging the market this year, but the could rebound as they adjust their business models.

  • IBM installs new supercomputer at Rensselaer as part of $2 billion AI Hardware Center
    American City Business Journals

    IBM installs new supercomputer at Rensselaer as part of $2 billion AI Hardware Center

    Say hello to AiMOS — the Artificial Intelligence Multiprocessing Optimized System. It's one of the world's top supercomputers. And it's part of an effort to make the Albany region a center for artificial intelligence research.

  • Amazon Roundup: Thanksgiving Weekend Results & More
    Zacks

    Amazon Roundup: Thanksgiving Weekend Results & More

    Amazon challenged Pentagon contract award to Microsoft as the holiday season started.

  • 3 Downtrodden Tech Stocks to Sell Before 2020
    InvestorPlace

    3 Downtrodden Tech Stocks to Sell Before 2020

    Although tech stocks generally comprise a hot space, not all companies within the space are hype-worthy.The technology sector is one of the biggest gainers of the year. With an almost 40% year-to-date gain, 2019 will go down in the history books as a banner year for tech stocks. Its ranks are full of out-sized winners that have showered shareholders with profits. Heavy hitters like Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) have led the charge. But not all companies that call technology home have participated in the rally. Some find themselves sliding into Christmas amid disappointing earnings and deteriorating technicals. * 7 Hot Payments Stocks to Buy Now With that in mind, let's take a look at three tech stocks to sell before the start of 2020.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Tech Stocks to Sell: Cisco Systems (CSCO)Source: The thinkorswim® platform from TD Ameritrade Drawdown from 2019 peak: -25%Cisco Systems (NASDAQ:CSCO) shares were flying high into mid-year but have since been thoroughly smashed. The downtrend accelerated following the past two earnings reports, revealing widespread disappointment in the company's profitability. The damage has been bad enough to turn the slow-moving 200-day average lower to join its shorter-term counterparts.This week's support break signaled a continuation of the descent and points toward a potential retest of its early January low near $41. Volume patterns show a groundswell in distribution over the past few months and are reflective of institutions abandoning ship. While the tides could always turn, CSCO is one of the ugliest ducklings in the tech sector. Dropbox (DBX)Source: The thinkorswim® platform from TD Ameritrade Drawdown from 2019 peak: -32%The chart of Dropbox (NYSE:DBX) reveals consistent weakness ever since its IPO. There was a single moment of hope last June when DBX scored a robust breakout, but it fizzled fast, and the stock has been cruising lower ever since. The first half of the year was constructive and even had DBX stock push back above all major moving averages. But, the progress was wholly dismantled over the back half of the year. * 10 Hot Pot Stocks to Buy We're now within spitting distance of all-time lows. Every single time the stock gets an uptrend going, its quarterly earnings report arrives to throw a wet blanket on the bullishness. The past four events have seen heavy selling pressure. Until the fundamentals can improve enough to warrant an upside surprise in the stock after an earnings release, the chances for recovery are slim. Twilio (TWLO)Source: The thinkorswim® platform from TD Ameritrade Drawdown from 2019 peak: -35%Twilio (NYSE:TWLO) could be a case of a stock running too far too fast. Its meteoric ascent since its 2016 IPO carried the software company up over 500%. That's a lot of future growth getting priced in. Perhaps the recent dismantling is simply a correction of the exuberance, a return to more sane valuation. It's a plausible narrative.But even if you view this as a longer-term dip to be bought, the chart still looks terrible. More evidence is needed before you pile in. At a minimum, TWLO stock needs to break above resistance and the 50-day moving average to reverse the uninterrupted series of lower lows and lower highs. A push above $106 would do the trick.Until then, steer clear of bottoming fishing.As of this writing, Tyler Craig didn't hold positions in any of the aforementioned securities. For a free trial to the best trading community on the planet and Tyler's current home, click here! More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy That Dominated Thanksgiving Shopping * 6 Manufacturing Stocks to Buy as the Economy Recovers * The 7 Best Cryptocurrencies to Buy as Blockchain Heats Up The post 3 Downtrodden Tech Stocks to Sell Before 2020 appeared first on InvestorPlace.

  • Bloomberg

    Amazon Suit Claims Trump Bias Tainted Cloud Bid, Judge Says

    (Bloomberg) -- Amazon.com Inc. claims it lost a Pentagon cloud contract valued at as much as $10 billion because of political interference by President Donald Trump, according to the judge overseeing the case.Federal Claims Court Judge Patricia Campbell-Smith said during a court proceeding last week that Amazon’s lawsuit argues that the Pentagon didn’t award the cloud deal to Microsoft Corp. on the basis of a fair evaluation of the companies’ bids.“Plaintiff contends that the procurement process was compromised and negatively affected by the bias expressed publicly by the president and commander in chief Donald Trump against plaintiff,” Campbell-Smith said in a recording of a status hearing released Thursday by the U.S. Court of Federal Claims in Washington.The judge’s comments were the first public confirmation that Amazon cited bias by Trump as grounds to overturn the award to Microsoft. Trump has long criticized Amazon founder Jeff Bezos on everything from the shipping rates his company pays the U.S. Postal Service to his personal ownership of what Trump calls “the Amazon Washington Post.”The contract was awarded to Microsoft “despite what plaintiff characterizes as its depth of experience, superior technology and proven record of success in handling the most sensitive government data,” Campbell-Smith said.Amazon filed a lawsuit under seal with the court last month to formally protest its loss of the Pentagon’s Joint Enterprise Defense Infrastructure, or JEDI, cloud contract.For More: Amazon’s $10 Billion Pentagon Challenge: Proving Trump MeddledCampbell-Smith said Amazon is seeking to prohibit the Defense Department from proceeding without a new evaluation or award decision. The company is requesting that the Pentagon either reevaluate bids or reopen the procurement to allow for bid revisions, the judge said.Campbell-Smith also granted Microsoft’s request to intervene in the suit.In July, Trump stunned lawmakers and technology companies when he openly questioned whether the JEDI contract was being competitively bid, citing complaints from Microsoft, Oracle Corp. and International Business Machines Corp.Dana Deasy, the Pentagon’s chief information officer, said during his confirmation hearing in late October that to the best of his knowledge, no one from the White House reached out to any members of the JEDI cloud contract selection team.The Pentagon’s JEDI cloud project is designed to consolidate the department’s cloud computing infrastructure and modernize its technology systems. The contract is worth as much as $10 billion over 10 years and could offer the winner a bigger foothold in the burgeoning federal cloud market.(Updates with Amazon seeking new evaluation and decision from seventh paragraph)To contact the reporter on this story: Naomi Nix in Washington at nnix1@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Larry LiebertFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Urbem's 'Wonderful Business' Series: NIC Inc.
    GuruFocus.com

    Urbem's 'Wonderful Business' Series: NIC Inc.

    A growing toll bridge business on the cloud with moderate risks Continue reading...

  • ETF Trends

    Getting Paid to Embrace Old School Tech Stocks

    Many investors are often captivated by the more glamorous side of the technology sector and although Apple (AAPL), Microsoft (MSFT) and Qualcomm (QCOM) are older companies, share price appreciation puts those behemoths in the glitzy category. Importantly, many legacy technology are dividend payers and growers. TDV is the only ETF focused on U.S. technology dividend growers—Technology Dividend Aristocrats—that have raised their dividends for a minimum of seven consecutive years.

  • IBM's Maximo Solution to Aid ASPI Manage Civil Infrastructure
    Zacks

    IBM's Maximo Solution to Aid ASPI Manage Civil Infrastructure

    Robust demand of IBM Maximo on strength in asset optimization and management capabilities is expected to favor the top line in the days ahead.

  • AEGEAN Airlines selects IBM to Deliver Innovative Customer Experiences
    PR Newswire

    AEGEAN Airlines selects IBM to Deliver Innovative Customer Experiences

    IBM (NYSE: IBM) today announced a new agreement with AEGEAN - the largest Greek airline company and member of Star Alliance- to use IBM public cloud to transform its internal business processes and further enhance its customer experience. This agreement follows a multi-year agreement for the implementation of core applications and the delivery of IBM Cloud Hosting Services to help accelerate the airline's digital transformation strategy.

  • IBM Named a Leader in IDC MarketScape: Worldwide Support Services 2019 Vendor Assessment
    PR Newswire

    IBM Named a Leader in IDC MarketScape: Worldwide Support Services 2019 Vendor Assessment

    IBM (NYSE: IBM) today announced that IDC has named IBM a "Leader" among seven other providers in the IDC MarketScape: Worldwide Support Services 2019 Vendor Assessment (October 2019, IDC US45595819e). According to the IDC MarketScape report, "IBM's global presence and partnerships make the company a great fit for large enterprises and customers state that the partnerships IBM creates at the higher levels of the C-suite allow IBM to truly understand the business needs of the customer and, in return, the C-suite of the customer has access to IBM executives."

  • Slack CEO: Microsoft views 'us as an existential threat'
    Yahoo Finance

    Slack CEO: Microsoft views 'us as an existential threat'

    Yahoo Finance speaks with Slack co-founder and CEO Stewart Butterfield following its latest quarterly earnings.