IBM revenues slump amid Covid-19
21st Jul 2020 12:12
(Sharecast News) - Tech giant IBM saw revenues slump 5.4% in the second quarter as customers reduced their spending on traditional applications and hardware amid the Covid-19 pandemic.
Read moreIBM ends 2019 on a 'strong note'
22nd Jan 2020 10:10
(Sharecast News) - International Business Machines (IBM) updated the market on its fourth quarter and full-year numbers for 2019 on Wednesday, reporting GAAP earnings per share from continuing operations of $4.11 (£3.15) for the final three months of the year, and operating, non-GAAP earnings per share of $4.71.
Read moreEurope open: Stocks mixed as investors ponder latest trade headlines
23rd Jan 2019 10:40
(Sharecast News) - Stocks in Europe are heading higher in early trading, overcoming the downward pull from the losses seen overnight on Wall Street after White House economic adviser, Larry Kudlow, denied media reports that a trade planning meeting between Chinese and US officials scheduled for the day before had been cancelled.
Read moreIBM cheers market as results narrowly beat expectations
23rd Jan 2019 09:43
(Sharecast News) - Shares in IBM jumped in pre-market trading on Wednesday after the US firm beat quarterly earnings estimates.
Read moreIBM bid may flush out other Red Hat suitors, Cowen says
29th Oct 2018 14:54
(Sharecast News) - After IBM agreed a $34bn deal to buy cloud software company Red Hat , analysts at Cowen and Co said there is a reasonable possibility that other suitors could emerge.
Read moreIBM to buy Red Hat in mammoth $34bn deal
29th Oct 2018 09:57
(Sharecast News) - IBM has reached agreement to acquire open-source cloud software giant Red Hat for $190 per share, it was revealed over the weekend, making for a deal worth $34bn.
Read moreBerkshire picks up $1bn-worth in Apple shares
16th May 2016 15:37
(ShareCast News) - The conglomerate founded by investing legend Warren Buffet picked up a significant slice of shares in technology giant Apple during the first quarter of 2016, just as many investors were doing exactly the opposite following several years of strong gains for the tech sector, compan
Read moreData storage specialist Seagate warns on profits, announces partnership
13th Jul 2015 18:06
(ShareCast News) - US computer storage supplier Seagate Technology issued a profit warning after demand waned in the fourth quarter. The company, which also informed of an extended partnership with IBM and HP to drive up sales of its high-performance ClusterStor storage systems, warned on Monday tha
Read moreIBM warns of FX hit to earnings but pledges to pump $40bn into business
26th Feb 2015 16:45
US tech giant International Business Machines Corp, widely known as IBM, warned that the strength of the US dollar will reduce the company's revenue growth in the first quarter of 2015 by more than it had previously expected. The warning comes a day after tech peer Hewlett Packard warned it will inc
Read moreWesthouse stays positive about Aveva, sparks M&A hopes
19th Dec 2014 09:31
Shares in Aveva faced heavy selling pressure on Thursday after both Morgan Stanley and JPMorgan Cazenove cut the engineering software group to 'underweight', though Westhouse Securities stayed positive with an 'add' recommendation. "We retain our 'add' stance, aware of current risks to estimates, bu
Read moreSector movers: Weak earnings from IBM weigh on UK tech stocks
20th Oct 2014 13:52
Disappointing results from US tech titan IBM were weighing on hardware and equipment stocks this side of the Pond on Monday. IBM reported a profit of just two cents a share for the three months to 30 September, compared with $3.68 a year earlier, on revenues that declined to $22.4bn from $23.3bn. A
Read moreIBM sells semiconductor technology business
20th Oct 2014 11:22
IBM has agreed to sell its global semiconductor technology business to Abu Dhabi-owned, California-based semiconductor specialist Globalfoundries and will pay $1.5bn to sweeten the deal for the loss-making unit. IBM said the deal would allow it to focus on its core semiconductor and material science
Read moreMonitise strengthens Visa partnership with IBM cloud deal
4th Sep 2013 15:52
Mobile payments specialist Monitise has sealed a deal with IBM that enables banking customers to make Visa payments via their phones, sending its shares shooting upwards. Monitise, in which Visa is a 14.3% shareholder, will employ IBM's internet cloud services to enable Visa Europe's member banks
Read moreGlobo partners with IBM
27th Aug 2013 10:25
Globo gained after the software developer announced it was partnering with IT heavyweight IBM. The company has been granted advanced membership of IBM's PartnerWorld Porgram and its Enterprise Mobility Management (EMM) platform. Advanced membership provides Globo with a framework to collaborate
Read moreUS broker round-up
15th Oct 2012 15:49
CELGENE CORP: Oppenheimer downgrades to hold from overweight. COSTCO WHOLESALE: BMO Capital upgrades to hold from underweight. GOOGLE: Oppenheimer reiterates buy rating, price target of $800 (vs. $752). IBM: Stifel Nicolaus reiterates buy rating, price target of $243 (vs. $221). INTERCONTINENTAL
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