New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 2, 2014
12:33 EDTIBM, ORCL, EMC, YHOOChinese banks adopting Alibaba cloud solution, WantChinaTimes says
Nearly 100 Chinese financial institutions have adopted Alibaba's cloud services solution amid concerns about the security of U.S. cloud offerings, WantChinaTimes reported, citing an article in its sister newspaper, Commercial Times. China's financial sector is looking to get rid of cloud solutions from IBM (IBM), Oracle (ORCL), and EMC (EMC), WantChinaTimes indicated.Yahoo (YHOO) owns a 24% stake in Alibaba, which filed papers to launch a $1B IPO in the U.S. Reference Link
News For IBM;ORCL;EMC;YHOO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | all recent news | >>
October 20, 2014
07:29 EDTYHOOYahoo weekly volatility increases into Q3 and capital outlook
Subscribe for More Information
07:21 EDTIBMIBM sees $1.5B pretax gain related to deal with Lenovo Group
IBM (IBM) announced that on October 1 the company and Lenovo (LNVGY) completed the initial closing of the sale of IBM’s industry standard server business to Lenovo. The transition began on October 1 in countries that are part of the initial closing, which included most major markets. The transaction is expected to close later this year in most other countries which have a larger business footprint, with the remaining countries following in early 2015. The transaction price is approximately $2.1B and as consideration, IBM received $1.8B in cash, with the remaining consideration paid in Lenovo stock. IBM expects to recognize a total pre-tax gain on the sale of approximately $1.5B, which does not include associated costs related to transition and performance-based costs. Net of these charges, the gain is approximately $1.0B. Almost all of the gains will be booked in the fourth quarter of 2014, with the remaining portion expected beyond 2014, IBM stated.
07:18 EDTIBMIBM sees FY14 operating EPS down (4%)-(2%) from $16.64 in FY13
Subscribe for More Information
07:16 EDTIBMIBM no longer expects 'at least' $20 operating EPS in 2015
FY15 EPS consensus $19.75. Says will provide view of 2015 in January. Comment from slides for Q3 earnings call.
07:08 EDTIBMIBM sees deal with Globalfoundries closing in 2015
07:08 EDTIBMIBM expects to request additional share repurchase authorization at Oct. meeting
Subscribe for More Information
07:07 EDTIBMIBM reports Q3 Global Services segment revenue down 3% to $13.7B
Revenues from the Software segment were $5.7B. Revenues from continuing operations from the Systems and Technology segment totaled $2.4B. The company’s total gross profit margin from continuing operations was 48.6 percent in the 2014 third-quarter period compared with 49.0 percent in the 2013 third-quarter period. Total operating gross profit margin from continuing operations was 49.2 percent in the 2014 third-quarter compared with 50.1 percent in the 2013 third-quarter period.
07:06 EDTIBMIBM committed to returning value to shareholders through dividends, repurchases
07:05 EDTIBMIBM reports Q3 EPS $3.68, consensus $4.32
Reports Q3 revenue $22.4B, consensus $23.37B. We are disappointed in our performance. We saw a marked slowdown in September in client buying behavior, and our results also point to the unprecedented pace of change in our industry. While we did not produce the results we expected to achieve, we again performed well in our strategic growth areas – cloud, data and analytics, security, social and mobile - where we continue to shift our business. We will accelerate this transformation,” said Ginni Rometty, IBM chairman, president and CEO.
06:49 EDTYHOOTumblr, TV shows collaborate to broaden reach, NY Times says
Subscribe for More Information
06:26 EDTYHOOYahoo to unveil turnaround, M&A strategy, WSJ reports
Subscribe for More Information
06:06 EDTIBMIBM sees $4.7B pre-tax charge for Q3 results
IBM will reflect a pre-tax charge of $4.7B in its financial results for Q3, which includes an asset impairment, estimated costs to sell the IBM microelectronics business, and cash consideration to GLOBALFOUNDRIES. Cash consideration of $1.5B is expected to be paid to GLOBALFOUNDRIES by IBM over the next three years. The cash consideration will be adjusted by the amount of working capital which is estimated to be $200M.
06:04 EDTIBMGLOBALFOUNDRIES to acquire IBM microelectronics business
Subscribe for More Information
06:02 EDTIBMGLOBALFOUNDRIES to acquire IBM microelectronics business
October 19, 2014
19:59 EDTIBMIBM to pay Globalfoundries $1.5B to take chip unit, Bloomberg reports
Subscribe for More Information
17:42 EDTIBMIBM to make 'major business announcement'
Subscribe for More Information
October 17, 2014
13:16 EDTYHOOYahoo weekly volatility elevated into Q3 and capital utilization outlook
Subscribe for More Information
12:17 EDTYHOOMark Cuban says buying Netflix shares, sees company as M&A target
Subscribe for More Information
10:00 EDTIBMOn The Fly: Analyst Initiation Summary
Subscribe for More Information
07:33 EDTIBMIBM reinstated with a Neutral at BofA/Merrill
Target $200.
1 | 2 | 3 | 4 | 5 | 6 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use