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Stock Market & Financial Investment News

News Breaks
April 16, 2014
12:30 EDTLNVGY, IBMEarnings Preview: Cantor more upbeat than Citi on IBM ahead of report
International Business Machines (IBM) is expected to report first quarter earnings after the close on Wednesday, April 16, with a conference call scheduled for 4:30 pm ET. IBM, an information technology services and software company, is a member of the Dow Jones Industrial Average. EXPECTATIONS: Analysts are looking for earnings per share of $2.54 on revenue of $22.91B. The consensus range is $2.49-$2.62 for EPS on revenue of $22.21B-$23.19B, according to First Call. In response to a question on its Q4 earnings conference call, IBM said that an analyst's math which put the company's Q1 EPS coming in at $2.50 was "consistent with how we would see it as well." LAST QUARTER: IBM reported Q4 EPS of $6.13, beating the consensus estimate of $5.99. Revenue came in at $27.7B, trailing the consensus $28.25 projection. IBM reported Q4 software segment revenue grew 3% to $8.1B and that technology services revenue fell 4% to $9.9B. IBM also said its sees 2014 EPS of "at least" $18.00, which compared to consensus at the time of $17.97 and current consensus of $17.84. STREET RESEARCH: In a note to investors this morning, Cantor Fitzgerald analyst Brian White said that he expects IBM to meet the firm's $2.53 per share earnings estimate for the quarter. White added that he expects all of IBM's segments to decline sequentially due to seasonality, but also said that he believes IBM's profit cycle bottomed out in Q1 and that investors could "warm up" to the stock this year. Cantor has a Buy rating and $220 price target on shares of IBM. Yesterday, Citigroup downgraded its rating on IBM to Neutral from Buy, citing the stock's valuation. The firm lowered its price target for shares to $200 from $235. About a week ago, Deutsche Bank initiated coverage of IBM with a Hold rating and $200 price target. NEWS: On January 23, two days after its last quarterly report, IBM agreed to sell its x86 server business, including System x, BladeCenter and Flex System blade servers and switches, x86-based Flex integrated systems, NeXtScale and iDataPlex servers and associated software, to Lenovo (LNVGY) for about $2.3B in cash and stock. IBM will retain its System z mainframes, Power Systems, Storage Systems, Power-based Flex servers, and PureApplication and PureData appliances. Within the next week, Re/code reported, citing sources, that IBM was exploring the sale of its product line focused on software defined networking, or SDN, that was not included in the sale to Lenovo. The company may be seeking as much as $1B for the assets, the report claimed. In February, Bloomberg said IBM was focused on finding a joint-venture partner for its chip-making unit after failing to find a buyer for the assets. The next month, IBM CEO Virginia Rometty reportedly stated in a letter to investors that the company is not exiting hardware entirely. Rometty wrote that "IBM will remain a leader in high-performance and high-end systems, storage and cognitive computing, and we will continue to invest in R&D for advanced semiconductor technology," as quoted by The Wall Street Journal. PRICE ACTION: In afternoon trading ahead of tonight's report, IBM is flat near $197 per share. IBM shares have risen 4.5% over the last three months.
News For IBM;LNVGY From The Last 14 Days
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September 4, 2015
08:59 EDTLNVGYLenovo selects Qubit to help execute digital customer experience strategy
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September 3, 2015
05:19 EDTIBMIBM announces collaboration with ARM Holdings
IBM (IBM) announced an expansion of its Internet of Things, or IoT, platform - called IBM IoT Foundation - through an integration with ARM (ARMH), providing out of the box connectivity with ARM mbed-enabled devices to analytics services. This fusion will allow huge quantities of data from devices such as industrial appliances, weather sensors and wearable monitoring devices to be gathered, analyzed and acted upon. IBM also announced the first in a series of IBM Cloud-based, industry-specific IoT services with IoT for Electronics. The service will enable electronics manufacturers to gather data from individual sensors that can be combined with other data for real-time analysis. The integration between IBM and ARM will allow products powered by ARM mbed-enabled chips to automatically register with the IBM IoT Foundation, and connect with IBM analytics services. This unifies the ARM mbed IoT Device Platform and the IBM IoT Foundation at the point where information gathered from deployed sensors in any connected device is delivered to the cloud for analysis. The IoT connection also enables delivery of actionable events to control equipment or provide users with alerts or other information. For example, the triggering of an alarm message on a washing machine to ask the owner to confirm a breakdown engineer appointment if a fault is detected.
September 2, 2015
15:14 EDTLNVGYLenovo unveils new lineup of smartphones, gaming PCs, tablets
Lenovo announced multiple devices spanning from smartphones to desktop PCs. The unveilings included the $299 PHAB Plus 6.8 inch phablet; the VIBE P1 and P1m smartphones; a trio of high-performance gaming PCs and various accessories; the "dual-selfie" capable VIBE S1 smartphone; and the YOGA Tab 3 Pro and YOGA Tab 3 tablets.
15:02 EDTLNVGYDolby announces collaboration with Lenovo on five new devices
Dolby Laboratories (DLB) announced their collaboration with Lenovo (LNVGY) to launch five new mobile devices enabled with Dolby Atmos sound: the Lenovo YOGA Tab 3 Pro, Lenovo YOGA Tab 3 8, Lenovo YOGA Tab 3 10 and Lenovo PHAB Plus. The new Lenovo Tab 2 A10-30 will also feature Dolby Atmos sound.
06:25 EDTLNVGYMotorola expected to announce Moto 360 smartwatch Sept. 8, BI reports
Motorola, part of Lenovo (LNVGY), will announce the new Moto 360 smartwatch on September 8, the day before Apple's (AAPL) event, Business Insider reports, citing a post on Lenovo's Weibo account. The Moto 360 is expected to come in a larger 360L edition and a 360S edition, which could be a sportier version. Reference Link
August 31, 2015
19:01 EDTIBMIBM signs AU$450M strategic partnership with ANZ
ANZ has signed a five-year, AU$450M strategic agreement with IBM. This partnership will provide ANZ with increased capability to drive productivity and innovation across the Group, as well as improving its capacity to deal with the rapidly growing number of customers and transactions across the bank's branch, digital and mobile channels and support ANZ's regional expansion. The agreement includes access to IBM's vast software portfolio, an Innovation Lab, next generation cloud development capabilities and core systems infrastructure. The IBM agreement will provide common platforms across ANZ's network as it continues to grow as a super-regional bank and will allow the Bank to deliver a more integrated and innovative banking experience for digital customers.
August 28, 2015
09:02 EDTIBMIBM and GENCI announce collaboration
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05:52 EDTLNVGYTrendforcce expects global tablet shipments to reach 163M units, DigiTimes says
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August 27, 2015
13:49 EDTIBMIBM volatility elevated on wide price movement
IBM current 30-day call option implied volatility is at 23, compared to a one-month ago level of 18, suggesting large price movement.
August 26, 2015
08:40 EDTIBMIBM upgraded to Buy at Argus on valuation, easier comps
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08:35 EDTLNVGYLenovo added to Best of Bernstein list at Bernstein
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07:44 EDTIBMIBM upgraded to Buy from Hold at Argus
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August 25, 2015
13:13 EDTLNVGYGerman court rejects Apple 'slide to unlock' patent appeal, Reuters says
The German Federal Court of Appeals has ruled that Apple's (AAPL) patents covering its "slide to unlock" smartphone feature are invalid, reports Reuters. The patent dispute was originally filed by Motorola Mobility, previously owned by Google (GOOG) but now a unit of Lenovo (LNVGY), according to the report. Reference Link
August 24, 2015
06:16 EDTLNVGYLenovo could raise PC prices in China, DigiTimes reports
Lenovo may look to raise prices of PCs in China at the end of this month due to the Chinese yuan depreciation, sources from the upstream supply chain tell DigiTimes. The sources, who say Acer and Asustek Computer will follow suit in September, add that Lenovo will raise prices in Southeast Asia following the price increases in China. Reference Link

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