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News Breaks
June 24, 2014
08:31 EDTIBM, EBAYeBay names Craig Hayman as head of eBay Enterprise
eBay (EBAY) announced the appointment of Craig Hayman as president of its eBay Enterprise business. Hayman brings more than 30 years of enterprise technology leadership including executive positions at IBM’s (IBM) Industry Cloud Solutions and WebSphere businesses. Hayman will report to eBay Inc. President and CEO John Donahoe.
News For EBAY;IBM From The Last 14 Days
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October 2, 2015
09:38 EDTIBMIBM set to test 52-week low
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September 30, 2015
13:17 EDTIBMIBM, Box announce four solutions under strategic partnership.
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11:29 EDTIBMAnalyst says key tech trend positive for EMC, negative for IBM
The adoption of platform-as-a-service will accelerate, creating more positive opportunities for EMC (EMC) and posing challenges for IBM (IBM), research firm Jefferies wrote in a note to investors today. WHAT'S NEW: The growth of PaaS will accelerate because the technology enables faster and cheaper development of apps, while the proliferation of mobile apps and the increased digitization of businesses will lead to greater adoption, Jefferies analyst James Kisner stated. PaaS usage will "explode" as companies leverage apps, becoming software makers in some ways, predicted Kisner, who noted that tech research firm IDC expects the number of apps to jump 1000% in three years. EMC's Pivotal business, which enables enterprises to analyze data produced by cloud infrastructure, could be significant as app usage surges, according to Kisner. Conversely, 50% of IBM's profits are generated by middleware that "is likely to be somewhat cannibalized by PaaS," the analyst believes. The Street's revenue estimates for IBM, which call for a decline of 2% in 2016 and little change in 2017, are overly optimistic, according to Kisner, who kept a Buy rating on EMC and an Underperform rating on IBM. PRICE ACTION: In morning trading, EMC rose 2.6% to $23.74 and IBM advanced 2% to $145.34.
09:25 EDTIBMJefferies more positive on EMC, more negative on IBM
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08:03 EDTIBMWest Pharmaceutical appoints Annette Favorite to Chief Human Resources Officer
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September 29, 2015
13:32 EDTIBMIBM to create 120 positions across Ireland, Independent says
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September 28, 2015
16:05 EDTIBMIBM annnounces plans to buy Workday services partner Meteorix
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08:53 EDTEBAYMercadoLibre downgraded to Sell from Neutral at Citi
Citi downgraded MercadoLibre (MELI) to Sell with an $80 price target citing unfavorable currency moves and slower growth assumptions for Brazil. The stock is three times more expensive than eBay (EBAY), Citi tell investors.
07:38 EDTEBAYBox to hold a user conference
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05:30 EDTIBMIBM expands portfolio of cloud business solutions
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September 27, 2015
14:04 EDTIBMCybersecurity firms look prime for takeover, Barron's says
Cybersecurity companies like Palo Alto Networks (PANW), Fortinet (FTNT), and FireEye (FEYE) are becoming increasingly-attractive takeover targets for a Cisco (CSCO) or IBM (IBM), and any future dip in their stocks could represent a buying opportunity, Barron's contends in its 'Technology Trader' column. Reference Link
September 24, 2015
08:51 EDTEBAYCiti cuts Twitter estimates below consensus, drops target to $30
Citi analyst Mark May says his analysis indicates the consensus estimates for Twitter (TWTR) may be too high as they assume "meaningful increases" in monetization which he believes may prove difficult to realize. May cut his 2015, 2016 and 2017 earnings per share estimates for Twitter to 30c, 34c and 58c, respectively, well below the consensus estimates of 34c, 63c, and $1.03. He also cut his 2016 revenue estimate to 3% below the consensus. It will be difficult for the stock to achieve sustained multiple expansion until user growth accelerates and/or revenue growth stabilizes, May tells investors in a research note. He moved the stock to Citi's "High Risk" designation given Twitter's recent user trends and his belief that his estimates are unlikely to move up in the near-term. He keeps a Neutral rating on the name. May's top picks among U.S. Internet stocks remain Facebook (FB), (AMZN) and eBay (EBAY).
06:39 EDTEBAYJPMorgan sees 'choppy' near-term outlook for eBay, cuts target to $32
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06:16 EDTIBMIBM to open second Watson headquarters in San Francisco
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September 23, 2015
09:18 EDTIBMPaulson Institute and CCPIT to co-host U.S.-China Business Roundtable
The Paulson Institute and the China Council for the Promotion of International Trade (CCPIT) provide an opportunity for U.S. and Chinese business leaders to discuss issues facing the two countries in a roundtable being held in Seattle, Washington on September 23.
September 21, 2015
09:17 EDTIBMIBM coverage assumed with a Neutral at Goldman
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