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Stock Market & Financial Investment News

News Breaks
August 15, 2014
16:10 EDTLNVGY, IBMIBM issues statement on U.S. regulatory approval of x86 server sale to Lenovo
IBM (IBM) released the following statement. "IBM is pleased to announce it has received notice from the Committee on Foreign Investment in the United States, or CFIUS, of the successful conclusion of the committee’s review of the divestiture of its x86-based server business to Lenovo (LNVGY). The clearance by CFIUS of this transaction is good news for both IBM and Lenovo, and for our customers and employees. The parties now look forward to closing the transaction. The approval of the $2.3B sale to Lenovo enables IBM to focus on system and software innovations that bring new kinds of value to IBM clients in areas such as cognitive computing, Big Data and cloud, and provides clarity and confidence to current x86 customers that they will have a strong partner going forward."
News For IBM;LNVGY From The Last 14 Days
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April 17, 2015
09:32 EDTIBMIBM acquires Explorys from Heritage Group
Explorys, a portfolio company of venture capital firm Heritage Group, has been acquired by IBM in an agreement signed April 13. In May 2012, big data company Explorys received a significant investment from the Heritage Healthcare Innovation Fund, a $167M strategic venture fund that invests in businesses that reduce healthcare costs, improve outcomes and increase the efficiency of delivery.
06:33 EDTIBMChina suspends new bank technology policy, NY Times reports
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April 16, 2015
08:11 EDTLNVGYLenovo Group should be bought on any signficant retreat, says Bernstein
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April 15, 2015
15:14 EDTIBMIBM April volatility elevated into Q1 and outlook
IBM April weekly call option implied volatility is at 31, May is at 22, June is at 18; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q1 results after the market close on April 21.
08:43 EDTIBMIBM estimates lowered at Credit Suisse ahead of the Q1 report
Credit Suisse lowered IBM estimates ahead of the Q1 report on April 20 and reiterated its Underperform rating and $125 price target on the stock. The firm's Q1 estimates for EPS and revenue go to $2.84/$19.8B versus consensus of $2.86/$19.9B and FY15 to $15.59/$85B versus consensus of $15.98/$85.4B. Credit Suisse concerns remain a weak order book and a reduction in industry-wide deal sizes, margin dilution from the cloud despite any revenue growth, less effective restructuring, and internal turmoil and underinvestment.
April 13, 2015
17:13 EDTIBMIBM Medtronic to partner to improve diabetes care
IBM (IBM) and Medtronic (MDT) announced that they will work together to combine powerful analytics and cognitive computing with diabetes medical devices and health data to develop a new generation of personalized diabetes management solutions. People using Medtronic diabetes solutions could benefit from new solutions developed in collaboration with IBM's newly-formed Watson Health unit.
17:12 EDTIBMIBM acquires Cleveland-based Explorys and Dallas-based Phytel
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17:10 EDTIBMIBM establishes a Watson Health Cloud
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April 10, 2015
05:55 EDTLNVGYLenovo expected to ship 8M-9M smartphones in Q1, DigiTimes Research says
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April 9, 2015
18:11 EDTLNVGYWorldwide PC shipments decline 6.7% in Q1, IDC says
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April 8, 2015
12:21 EDTIBMIBM announces U.S. Army is using IBM Hybrid Cloud for logistics
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10:01 EDTIBMIBM announces longstanding collaboration with Care.com
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April 7, 2015
16:55 EDTIBMXerox upgraded to Buy ahead of Q1 results at Citigroup
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09:19 EDTIBMCLSA holds an analyst/industry conference call
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06:31 EDTIBMIBM an unlikely target for activists, Reuters columnist says
Shareholders calling for activist investors to take aim at IBM are likely to be disappointed, according to a Reuters columnist. The company has already carried out a great deal of financial engineering, and it will probably need to spend heavily on R&D and invest in its business for a couple of years in order to turn itself around, the columnist believes. Reference Link

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