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14:01 EDTIBM
theflyonthewall.com: IBM announces five year service agreement with Sundbar Technologies
IBM announced that it has signed a five-year remote managed services agreement with Sandhar Technologies, an auto ancillary group based in New Delhi. The deal will enable the company to align its information technology initiatives with business priorities, thereby ensuring risk mitigation and substantial cost savings. :theflyonthewall.com



News For IBM From The Last 14 Days
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July 30, 2010
05:28 EDTIBM
theflyonthewall.com: Arrow ECS to distribute IBM's System x in Belgium, Luxembourg
Arrow Enterprise Computing Solutions, a business segment of Arrow Electronics (ARW), announced its strategic alliance with IBM (IBM) to distribute IBM System x in the Belgium and Luxembourg markets. :theflyonthewall.com

July 29, 2010
09:13 EDTIBM
theflyonthewall.com: IBM acquires Storwize storage company for data compression capabilities

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July 28, 2010
13:03 EDTIBM
theflyonthewall.com: IBM announces collaboration with Honeywell's Tridium

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07:44 EDTIBM
theflyonthewall.com: IBM September volatility at 20, January at 25

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July 27, 2010
15:33 EDTIBM
theflyonthewall.com: IBM files automatic mixed securities shelf
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July 26, 2010
12:02 EDTIBM
theflyonthewall.com: On The Fly: European Markets Wrap-Up
Stocks in Europe were higher as most markets increased and as June U.S. home sales were better than expected...UNITED KINGDOM: The FTSE 100 Index was up 38.50 to 5,351.12...Robert Dudley, an American, is rumored to be replacing Tony Hayward as BP's (BP) CEO...Lion Capital is buying Picard Surgeles, the frozen food retailer valued at about $1.9B, from BC Partners...GERMANY: The DAX Index gained 27.87 to 6,194.21...FRANCE: The CAC 40 Index advanced 29.13 to 3,636.18...AROUND EUROPE: Software makers said to be allied with Microsoft (MSFT) allege that IBM's (IBM) dominance of the mainfarne computer market have hurt the marketplace and they're taken their complaints to the European Commission which is looking into "anticompetitive practices." :theflyonthewall.com
08:35 EDTIBM
theflyonthewall.com: European Commission launches IBM probe, Bloomberg reports
A formal antitrust investigation has reportedly been initiated against IBM (IBM) by the European Commission, Bloomberg reports. The regulator is probing two separate cases of alleged infringements of EU antitrust rules "related to the abuse of a dominant market position." The Commission says the cases are related to IBM's conduct on the market for mainframe computers. Reference Link :theflyonthewall.com

July 23, 2010
07:46 EDTIBM
theflyonthewall.com: American Eagle Website troubles tied to IBM, WSJ reports

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July 22, 2010
06:45 EDTIBM
theflyonthewall.com: On the Fly: Periodicals Wrap-Up

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06:43 EDTIBM
theflyonthewall.com: New IBM mainframes enable efficient data center management, NY Times says

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July 21, 2010
23:33 EDTIBM
theflyonthewall.com: IBM is the "pick of the litter" in IT, Barron's says
IBM's (IBM) report this week looked rather staid when you compare it to the Q2 results from both EMC (EMC) and VMware (VMW). Both EMC and VMware showed signs of pent-up demand from information-technology, or IT, professionals in both hardware and software. Barrons.com thinks that Big Blue is still the name to watch. IBM shares fell 2.5% Tuesday due to concerns about bookings in the company's services segment. The selloff made an already inexpensive stock just a little cheaper, notes Barrons.com. At a recent $126.04, IBM fetches just 10.7x expected earnings for the next 12 months. At a market multiple, IBM shares would fetch $159. Add in a 2% dividend and IBM looks even more attractive for long-term investors. Reference Link :theflyonthewall.com
06:30 EDTIBM
theflyonthewall.com: IBM and Oracle eye Technopark as next destination, Economic Times says
In their effort to move into smaller cities in India IBM (IBM) and Oracle (ORCL) are planning to set up units in Technopark. Reference Link :theflyonthewall.com

July 20, 2010
22:03 EDTIBM
theflyonthewall.com: Jim Cramer's "Mad Money"

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12:17 EDTIBM
theflyonthewall.com: On The Fly: U.S. Mid-Day Market Wrap-Up
U.S stocks were lower at mid-day as big cap stocks like Texas Instruments (TXN), IBM (IBM) and Goldman Sachs (GS) disappoint on the revenue line. At mid-day, the Dow was down 0.71% to 10,083, the Nasdaq was down 0.76% to 2,182, and the S&P was down 0.45% to 1,066...Market News: Goldman Sachs reported Q2 profits were down 82%. Also adding to the selling pressure was a report from the Commerce Department that showed home construction in June fell to its lowest level since October...MARKET MOVERS: Atheros Communications (ATHR) was down 7% to $28.34, after announcing Q2 results and an acquisition. Harley-Davidson Inc. (HOG) rose 13% to $26.55 after reporting Q2 results that topped estimates. International Business Machines was down 4.7% to $123.66 after reporting Q2 revenue that missed analysts estimates. Johnson & Johnson (JNJ) was down 2.3% to $58.23, after cutting its FY10 earnings forecast because of a of recalls. Texas Instruments was down 5.6% to $24.12, after reporting Q2 profit and sales that missed analysts’ estimates. RadioShack (RSH) fell 11% to $19.17 after it was learned that TPG Capital and Blackstone Group plans to drop out of the bidding for the company. :theflyonthewall.com
10:01 EDTIBM
theflyonthewall.com: Active equity option families in first 30-minutes
Active equity option families in first 30-minutes of trading according to Track Data are; IBM C BAC AAPL BP. :theflyonthewall.com
09:48 EDTIBM
theflyonthewall.com: Gappers report: Bearish gaps

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09:39 EDTIBM
theflyonthewall.com: Markets open lower
Results from technology giants IBM (IBM) and Texas Instruments (TXN) Monday evening failed to quench Wall Street's thirst for signs of revenue growth and prospects for the future, while Goldman Sachs' (GS) pre-open disappointed as well. Dow industrials fell 127 points to 10,027.13, the Nasdaq is down 31.45 points to 2,166.78, and the S&P 500 is off 12.58 points to 1,058.67. The August oil contract expiration today could also bring market volatility before a late-day industry report on U.S. oil inventories. On the New York Mercantile Exchange, the expiring August contract fell 26 cents to $76.28 a barrel. American Petroleum Institute inventories are due out today at 4:30 pm ET. :theflyonthewall.com
08:40 EDTIBM
theflyonthewall.com: IBM Q2 modestly disappointing with hints of softness in Europe, says Bernstein

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07:52 EDTIBM
theflyonthewall.com: Sales of computers, servers surge, WSJ reports
As business spending recovers, the purchase of computers and server systems is soaring as companies race to meet the growing demand for video and other Web-based services, reports the Wall Street Journal. Reference Link :theflyonthewall.com
07:47 EDTIBM
theflyonthewall.com: IBM free cash flow growth may worry investors, says Kaufman Bros.
After IBM reported higher than expected Q2 EPS, Kaufman Bros. believes that the fact that the company's free cash growth is growing more slowly than its EPS could cause some investors to question the quality of its EPS figure. The firm maintains a Hold rating on the stock. :theflyonthewall.com
07:34 EDTIBM
theflyonthewall.com: U.S. stock futures extend losses

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07:05 EDTIBM
theflyonthewall.com: IBM Services signings miss but guidance raised, says Deutsche Bank

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06:37 EDTIBM
theflyonthewall.com: IBM making changes to management structure, NY Times says

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July 19, 2010
16:12 EDTIBM
theflyonthewall.com: IBM Q2 gross margin 45.6% vs. 45.5% a year ago
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16:10 EDTIBM
theflyonthewall.com: IBM ended Q2 with $12.2B of cash on hand
IBM generated free cash flow of $3B in Q2, down approximately $400M year over year. :theflyonthewall.com
16:09 EDTIBM
theflyonthewall.com: IBM sees FY10 at least $11.25 vs. consensus of $11.27

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16:08 EDTIBM
theflyonthewall.com: IBM reports Q2 EPS $2.61 vs. consensus of $2.58

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15:24 EDTIBM
theflyonthewall.com: Companies reporting After the Market Close on Monday, 19 July
Notable companies reporting after the bell include Atheros (ATHR), Crown Holdings (CCK), First Defiance Financial (FDEF), International Business Machines (IBM), Texas Instruments (TXN), and Zions Bancorp (ZION). :theflyonthewall.com
14:41 EDTIBM
theflyonthewall.com: U.S. stocks cling to modest gains into the end of the trading session

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14:22 EDTIBM
theflyonthewall.com: Earnings Preview: IBM Q2 results should be solid as IT demand improves

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13:40 EDTIBM
theflyonthewall.com: U.S. markets continue to fluctuate
Wall Street will be in limbo for most of the week regarding economic news which started off the with weak NAHB housing data this morning to the upcoming European bank stress tests due at week's end. The S&P 500 Index gained fractionally this afternoon to 1,065.10, with utilities up the most and financials the heaviest weight among the index's 10 industry group. The Nasdaq added nearly 3.72 points, currently to 2,182.80. For every three stocks on the rise roughly four fell on the Dow. Helping lift the energy sector was Halliburton (HAL) which reported quarterly results that exceeded Wall Street's expectations. Tech stocks, with the exception of Apple (AAPL), have been on the rise as IBM (IBM) and Texas Instruments (TXN) results are on tap after the market closes. Apple shares are weak on iPhone 4 complaints and margin concerns. Conversely, airline stocks lost ground Monday after Delta (DAL) reported Q2 results that slightly missed Wall Street's top-line expectations and announced plans to boost capacity this year and next. :theflyonthewall.com
12:37 EDTIBM
theflyonthewall.com: U.S. stocks mixed at mid-day as Apple pulls the Nasdaq lower
The July home builder index hit a 15-month low causing U.S. stocks to waver in mid-day trading. The tech-heavy Nasdaq is feeling the "bite" from Apple (AAPL) this afternoon with the shares currently down about 3%. Lingering fallout over the iPhone 4 and customer complaints about reception have kept the shares lower. Also, some analysts that follow Apple said that the company could fall short of profit margin forecasts when they report Q3 earnings Tuesday after the market close due to supply constraints on the iPhone 4. Tech giants IBM (IBM) and Texas Instruments (TXN), who report their earnings after today's market close, are holding onto earlier gains. :theflyonthewall.com
10:12 EDTIBM
theflyonthewall.com: Hittite Microwave acquires license to IBM millimeterwave technology
Hittite Microwave Corporation (HITT) has acquired a license from IBM (IBM) to manufacture and market silicon IC millimeterwave transceivers developed by IBM. Also covered by the license are certain 57-64 GHz IC, package and antenna technology, as well as 71-76 GHz and 81-86 GHz IC intellectual property. Hittite will apply this advanced high frequency technology to markets that require highly integrated solutions. The company also entered into a Joint Development Agreement with IBM related to millimeterwave technology. Financial terms of the transaction were not disclosed. :theflyonthewall.com
07:29 EDTIBM
theflyonthewall.com: Wall Street on track for opening gains

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06:54 EDTIBM
theflyonthewall.com: Companies pushing Europe to adopt more open-source software, NY Times says
Companies that advocate open-source software - including Google (GOOG), IBM (IBM), and Oracle (ORCL) - are pushing the European Commission to endorse open-source in a document that will advise European governments on software purchases, according to the New York Times. A move towards open-source software by European governments could hurt Microsoft (MSFT), which is lobbying against the idea. Reference Link :theflyonthewall.com

July 18, 2010
23:16 EDTIBM
theflyonthewall.com: Intel's Q2 sets stage for good reports from Microsoft, Dell, Barron's says

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23:06 EDTIBM
theflyonthewall.com: Jim Cramer's "Mad Money"

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