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May 29, 2014
11:41 EDTIBMIBM Japan prevails in tax case, Nikkei reports
The Tokyo District Court recently ruled in favor of IBM Japan, refuting the Japanese tax authorities' claim that the company intentionally failed to declare approximately $3.88B in income, Nikkei reports. Reference Link
News For IBM From The Last 14 Days
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October 12, 2015
07:56 EDTIBMAnalysts predict next dominos to fall in wake of EMC deal
With Dell confirming this morning that it has struck a deal to acquire EMC (EMC), while maintaining VMware (VMW) as a publicly-traded company, analysts have been weighing in on what they see as the next potential deals in the space in the wake of the giant tech transaction. POTENTIAL TARGETS: Baird analyst Jayson Noland upgraded NetApp (NTAP) to Outperform, saying an attractive situation is lined up for the company amid low investor sentiment and industry consolidation. NetApp could be viewed as a key asset with EMC and Dell merging and Juniper (JNPR) reportedly hiring bankers to sell the company, Noland told investors in a research note. Further, field work indicates NetApp is viewed as the number two best positioned legacy storage provider behind EMC, said Noland, who raised his price target for NetApp shares to $40 from $35. Meanwhile, Oppenheimer's Ittai Kidron says that Citrix (CTXS) could be pressured to consider strategic alternatives, including a sale of the company, in the wake of Dell's acquisition of EMC. POTENTIAL BUYERS: With Dell acquiring EMC, Cisco (CSCO) will likely need to acquire either a Hybrid storage or All Flash Array asset, Summit Research analyst Srini Nandury told investors in a research note. Tintri, Tegile and Nimble Storage (NMBL) are the most likely candidates for Cisco, the analyst argues. It is also possible that Cisco might look to acquire NetApp, but the tech giant would likely be reluctant to spend the $10B needed to do the deal for an asset that is "past its prime," Nandury contends. The analyst thinks Nimble would make most sense for Cisco given the company's momentum and solid execution. GO-SHOP: EMC CEO Joseph Tucci confirmed while speaking on CNBC that the company's deal with Dell does include a "go-shop" clause, as indicated in prior media reports. Sources have told Reuters that IBM (IBM), HP (HPQ) and Cisco could be potential suitors for EMC, but the chances of a rival offer "are slim." PRICE ACTION: In pre-market trading following the deal announcement, EMC shares rose about 5% to $29.34, while VMware fell 2.8% to $76.50. Cisco, meanwhile, slipped fractionally to $27.85. Citrix closed Friday up 2% at just above $76 per share, while NetApp added 2.8% Friday to close at $33.16.
06:13 EDTIBMEMC plans to shop itself after Dell deal, Reuters reports
EMC (EMC) has asked that a "go shop" provision be added to the reported merger deal with Dell, sources tell Reuters. The sources say IBM (IBM), HP (HPQ) and Cisco (CSCO) could be potential suitors for EMC, but the chances of a rival offer "are slim." Reference Link
October 10, 2015
17:03 EDTIBMMerge Healthcare to host special shareholder meeting
Special Shareholder Meeting to approve the merger of Merge Healthcare and IBM whereby Merge Healthcare becomes a wholly-owned subsidiary of IBM is being held in Chicago on October 13 at 11 am.
October 8, 2015
11:43 EDTIBMIBM October weekly options active
IBM October weekly 152.5 and 155 calls are active on total call volume of 11K contracts (4K puts) on speculation an activist investor has taken a stake. October weekly call option implied volatility is at 25, October and November is at 21; compared to its 52-week range of 14 to 31. Active call volume suggests traders taking positions for price movement.
11:26 EDTIBMRumor: IBM moves higher on speculation an activist investor has taken a stake
10:14 EDTIBMThomson Reuters, IBM partner to deliver Watson computing technology
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05:58 EDTIBMOptions expected to be active: EMC VMW IBM HPQ ORCL AA DB LL
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October 6, 2015
15:25 EDTIBMAmazon cloud announcement unlikely to sink Splunk, analysts say
Amazon (AMZN) appears to be signaling an expanded presence in cloud-based data analytics, sending shares of incumbents in the space lower and prompting several analysts to weigh in on the e-commerce giant's potential impact. AMAZON CLOUD: Amazon is expected to announce a new "big data" analytics addition to Amazon Web Services, according to an October 4 Wall Street Journal report. The article follows the launch last week of Amazon Elasticsearch, adding further data crunching capabilities to the company's cloud computing platform. Commenting on the news, William Blair analyst Bhavan Suri said that Splunk (SPLK) investor concerns over Amazon are overblown. Elasticsearch is likely to remain primarily a document search platform rather than a direct competitor to Splunk's offerings, while Amazon's expected analytics announcement looks more likely to challenge Tableau (DATA) and Qlik (QLIK), the analyst argues. Meanwhile, FBR analyst Daniel Ives said that a tangential move into the data analytics space "makes a ton of strategic and financial sense" for Amazon, as the market is only about 10% penetrated despite aggressive expansion from Microstrategy (MSTR), IBM (IBM), Microsoft (MSFT), SAP (SAP), and others. That said, Ives cautioned that Amazon's ability to again disrupt the cloud space with this latest entry appear limited in the near term, with many companies already showing preference for pure-play analytics firms. Amazon may ultimately have to make a larger acquisition by picking up a Qlik, Tableau, or Splunk to gain traction, the analyst contended. PRICE ACTION: Splunk shares are down fractionally in afternoon trading after some earlier volatility, while Tableau and Qlik are showing respective losses of roughly 3.14% and 1.86%.
October 5, 2015
09:36 EDTIBMIBM agrees to acquire Cleversafe
IBM announced it has entered into a definitive agreement to acquire Cleversafe, a developer and manufacturer of object-based storage software and appliances. The acquisition aims to strengthen IBM's leadership positions in storage and hybrid cloud and support clients' drive to next generation mobile, social and analytics applications. Financial terms of the deal were not disclosed. Once the deal closes, IBM will integrate the Cleversafe portfolio into its IBM Cloud business unit to give clients strategic data flexibility, simplified management, and consistency with on-premise, cloud, and hybrid cloud deployment options.
07:19 EDTIBMOpen Mobile Media to hold a summit
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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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