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IBM International Business Machines Corporation
International Business Machines Corporation provides information technology (IT) products and services worldwide. The companys Global Technology Services segment provides IT infrastructure and business process services, including outsourcing, process, integrated technology, cloud, and technology support. Its Global Business Services segment offers consulting solutions for strategy and transformation, application innovation, enterprise applications, and smarter analytics; and application management, maintenance, and support services. International Business Machines Corporations Software segment offers middleware and operating systems software, such as WebSphere software to integrate and manage business processes; and information management software for database and enterprise content management, information integration, data governance, data warehousing and analytics, business analytics and intelligence, and predictive analytics. This segment also provides Tivoli software for cloud and datacenter management, enterprise endpoint and mobile device management, asset and facilities management, storage management, and security systems; Rational software that supports software development; and Mobile Software for platform and application development, mobile security, and mobile device management. The companys Systems and Technology segment provides computing power and storage solutions; and semiconductor technology, products, and packaging solutions. Its Global Financing segment provides lease and loan financing to end users; commercial financing to dealers and remarketers of IT products; and remanufacturing and remarketing services for equipment. The company was formerly known as Computing-Tabulating-Recording Co. and changed its name to International Business Machines Corporation in 1924. International Business Machines Corporation was founded in 1910 and is headquartered in Armonk, New York.
IBM Shares Continue Slump After Weak Earnings Report21 Oct 2014, 11:10 amIBM stock is down again today following its weak earnings report on Monday.
Will This Price Target Decrease Hurt IBM (IBM) Stock Today?21 Oct 2014, 7:43 amStory updated at 9:55 a.m. to reflect market activity. NEW YORK (TheStreet) --aBarclays lowered its price target for International Business Machines to $160 from $180 Tuesday, reiterating its "equal weight" rating. Shares of IBM fell 2.9% to $164.11 in morning trading. The analyst firm also lowered its EPS estimates for the technology company through 2016. Barclays lowered its EPS estimate for ...
Stock Market News for October 21, 201421 Oct 2014, 7:25 amDismal earnings result from IBM offset benchmarks' gains yesterday, which nonetheless finished in the green
IBM stock falls as company drops chip business21 Oct 2014, 5:18 amIBM's stock price is on the decline, after the company agreed to pay GlobalFoundries $1.5 billion to take on its ailing chipmaking business and abandoned its controversial "2015 Roadmap" to deliver $20 (£12) earnings per share by next year. News of the GlobalFoundries deal arrived on Sunday, via Bloomberg, and IBM CEO Ginni Rommety confirmed the agreement during the company's financial earnings ...
International Business Machines (IBM) Falls: Stock Goes Down 7.1%21 Oct 2014, 5:01 amInternational Business Machines (IBM) fell over 7% in the last trading session amid huge volumes, continuing its recent trend, as the stock is now down over 12% in the past one-month time frame.
IBM's future: 6 things it needs to thrive20 Oct 2014, 4:59 pmThe GlobalFoundries semiconductor factory deal is only part of the recipe for Big Blue's ongoing survival. Here are a few other things that Armonk needs in order to maintain relevancy for the next decade and beyond.
IBM 3Q disappoints as it sheds 'empty calories'20 Oct 2014, 4:30 pmNEW YORK (AP) — IBM disappointed investors Monday, reporting weak revenue growth again and a big charge to shed its costly chipmaking division as the tech giant tries to steer its business toward cloud computing and social-mobile services. Shares fell more than 7 percent as investors sold off sharply and the stock dragged the Dow 30 into the red.
IBM Stock Plummets as Company Abandons Chip Business20 Oct 2014, 3:16 pmIBM’s stock price is on the decline, after the company agreed to pay GlobalFoundries $1.5 billion to take on its ailing chipmaking business and abandoned its controversial “2015 Roadmap” to deliver $20 earnings per share by next year. News of the GlobalFoundries deal arrived on Sunday, via Bloomberg, and IBM CEO Ginni Rommety confirmed the […] The post IBM Stock Plummets as Company Abandons Chip ...
IBM's Billion Dollar Miss20 Oct 2014, 12:24 pmTechnology superpower International Business Machines (IBM) reported disappointing earnings Monday, coming in almost a billion dollars below revenue expectations. The dismal quarter came as a bit of a surprise, as analyst predictions pegged the company's stock at $4.32 per share, but they were reported at just $3.68. Analysts expected $23.37 billion in revenues, however, the company ...
IBM stock falls 7% after it downgrades earnings forecast20 Oct 2014, 10:25 amInternational Business Machines Corp. fell seven per cent Monday morning on stock markets after it abandoned a five-year plan to boost its profit. IBM, which makes up a big share of the Dow industrial index, was down $12.95 to $169.10 US at the close of trading after announcing third-quarter earnings and a deal to get rid of its semiconductor unit. IBM backed away from a pledge — made by former ...