Analysts have mixed opinions on International Business Machines Corp post Q4 results. BMO Capital analyst Keith Bachman raised the price target on IBM to $155 from $153 (17 percent upside) and reiterated a Market Perform rating. The analyst says he is “a bit more positive” on the company due to the performance of Consulting and his “enthusiasm for services generally.”…
IBM Marks Strong Start to New Chapter as Cloud Revenue Booms
IBM on Monday beat Wall Street estimates for revenue in the fourth quarter, as its focus on the cloud paid off in Big Blue’s first earnings after exiting the slow-growing managed infrastructure business. Shares of the IT giant jumped as much as 7 percent aftermarket before easing to trade flat, with the company reiterating its…
Francisco Partners to Buy IBM’s Healthcare Data and Analytics Assets for Undisclosed Sum
Francisco Partners agreed to acquire healthcare data and analytics assets from International Business Machines Corp. that are currently part of the Watson Health business. The financial terms of the transaction remain undisclosed. Francisco Partners is a global investment firm specializing in partnering with technology businesses. The assets acquired by Francisco Partners include extensive and diverse data sets and…
IBM, Amazon Partner to Extend Reach of Data Tools for Oil Companies
International Business Machines Corp. and Amazon.com Inc.’s Amazon Web Services said on Monday they would work together to extend the reach of a set of tools that oil companies use to manage disparate types of data. Amazon in 2018 worked with Royal Dutch Shell to create a technology to turn data from more than a…
Google to Bid for Pentagon Cloud Computing Contract; Oracle, IBM May Join Too
Alphabet Inc Google is pursuing a massive cloud-computing contract with the Department of Defense, the Wall Street Journal reports. Google abandoned a similar bid process three years back in the face of employee protests. Google Cloud CEO Thomas Kurian recently met Pentagon officials to discuss the bid process for a contract called the Joint Warfighting…
S&P 500 Climbs to Record Closing High; IBM Weighs on the Dow
The S&P 500 boasted a record closing high and its seventh straight session of gains on Thursday while the Nasdaq was boosted by such high-profile stocks as Tesla Inc. and Microsoft Corp. but a tumble in IBM shares weighed on the Dow. After hitting an intraday record the previous day the Dow was in the…
Futures Lower After Tesla, IBM Quarterly Results
October 21, 2021
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U.S. stock index futures edged lower on Thursday as IBM and Tesla fell after their quarterly results, with investors awaiting more reports to see the impact of supply chain disruption and labor shortages on companies. Tesla Inc. fell 1 percent in premarket trading as it said on Wednesday its upcoming factories and supply-chain headwinds would…
IBM Mandates All US Employees to Be Fully Vaccinated by Dec. 8
IBM said on Thursday it requires all U.S. employees to be fully vaccinated against COVID-19 by Dec. 8, or they will face unpaid suspension. This comes in the light of President Joe Biden’s mandate last month ordering all federal workers and contractors to be vaccinated, with a few exceptions, and private employers with 100 or…
A School Movement Targeting Minorities That Works. But Progressives Don’t Like It.
Michael Landsbaum hit bottom after his father lost his job and couldn’t pay rent, leaving the teenager homeless in Dallas. He slept on friends’ couches for months until he was rescued by an unlikely source: his high school. But Pathways in Technology Early College High School did much more than provide him with a place…
Behind in Quantum Computer Race, Germany Gets Boost From IBM
BERLIN—IBM on Tuesday unveiled one of Europe’s most powerful quantum computers in Germany, boosting the country’s efforts to stay in the race for what’s considered a key technology of the future. Quantum computers use subatomic particles to get around the limitations of traditional physics and perform calculations at far higher speeds than even the fastest…
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