|June 4, 2014|
|06:31 EDT||LNVGY, IBM||Lenovo to complete IBM server business acquisition by November, DigiTimes says|
Lenovo (LNVGY) is set to complete its IBM (IBM) server business acquisition by November after it begins transitioning in July, reports DigiTimes. According to sources from the upstream supply chain, The acquisition is expected to increase Lenovo enterprise business' annual revenues to $5B and account for 10% of the company's total revenues in one year. Reference Link
News For LNVGY;IBM From The Last 14 Days
|May 5, 2015|
|12:05 EDT||IBM||SAP, IBM announce human resources partnership|
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|May 4, 2015|
|06:33 EDT||IBM||Warren Buffett says bought more IBM shares in Q1|
Warren Buffett while speaking on CNBC said Berkshire (BRK.A) bought more shares of IBM (IBM) during Q1. Buffett believes the company will be earning more in 10 years from now when compared to today.
|April 30, 2015|
|11:28 EDT||IBM||Salesforce seen fetching $100 per share, but several analysts say deal unlikely|
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|06:51 EDT||IBM||Piper sees Salesforce takeover price upwards of $100/share|
Piper Jaffray followed JPMorgan in predicting a Salesforce takeover price upwards of $100 per share. Piper calls Salesforce a "very attractive and unique asset," but admits it has no proprietary information about a potential deal. Oracle (ORCL), Microsoft (MSFT), IBM (IBM) and the large Internet centric vendors are the only tech companies likely to afford Salesforce, Piper believes. It points out that while Oracle denied it made an offer, the $10B in debt raised earlier this week by the company is likely to keep it near the top of the potential acquirer list. Piper says Salesforce potentially being in play raises the potential for any pure cloud vendor to be taken over, including Workday (WDAY) and ServiceNow (NOW), as well as "host of smaller pure cloud vendors and fast-growing non-cloud companies" such as Splunk (SPLK). The firm keeps an Overweight rating on Salesforce with an $80 price target.
|06:10 EDT||IBM||Jefferies sees 'very low' probability of Salesforce takeover|
Jefferies views the 12% rally in Salesforce (CRM) shares yesterday after Bloomberg reported the company is fielding takeover offers as an overreaction. The firm says the probability of a sale is "very low, especially with the stock already trading at an inflated valuation." It views Microsoft (MSFT) as the most likely suitor, with Oracle (ORCL), IBM (IBM) and Google (GOOG) potentially in the mix. Jefferies keeps an Underperform rating on Salesforce with a $49 price target. The stock closed yesterday up $7.76 to $74.65.
|05:57 EDT||IBM||Microsoft, IBM, Oracle rumored as potential Salesforce.com suitors, Re/code says|
Potential suitors for Salesforce.com (CRM), which is said to have hired financial advisers to handle takeover inquiries, may include Microsoft (MSFT), IBM (IBM), Google (GOOG) and Oracle (ORCL), Re/code's Arik Hesseldahl reports. Hesseldahl notes that Salesforce CEO Marc Benioff attended a dinner with Microsoft CEO Satya Nadella on Tuesday night, ahead of Microsoft's Build conference. Reference Link
|April 29, 2015|
|17:16 EDT||IBM||Salesforce could be worth $100/share in a takeover, says JPMorgan|
After Bloomberg reported this afternoon that Salesforce has hired bankers to field takeover inquiries, JPMorgan analyst Mark Murphy told investors that he believes the stock could be worth $100 in a buyout. Shares closed the trading day up $7.76 to $74.65. A deal would be the largest in software history, and only a short list of companies could pull it off, Murphy wrote. Those companies are Microsoft (MSFT), Oracle (ORCL), IBM (IBM) and SAP (SAP), he believes. After pointing out JPMorgan has "no conclusive evidence to confirm or dispel the speculation," Murphy noted Salesforce CEO Marc Benioff was sitting in the front row of the Microsoft Build Conference this morning and that Oracle just raised $10B of debt. The analyst calls Salesforce a "rare asset" and the "pioneering leader of the cloud computing." He has an Overweight rating on the shares.
|April 28, 2015|
|12:30 EDT||IBM||On The Fly: Top stock stories at midday|
Stocks on Wall Street were higher at midday after crossing back and forth across the flat line during morning trading, much like Apple (AAPL) shares, which were searching for direction despite the company's report last night having topped expectations on several measures, including revenue, profits, iPhone unit sales and capital return plans. ECONOMIC EVENTS: In the U.S., the Case Shiller 20-city home price index rebounded 0.93% on a seasonally adjusted basis in February, versus expectations for it to be up 0.7% on a month-over-month basis. The Conference Board's consumer confidence index dropped 6.2 points to 95.2 in April, versus expectations for it to have risen to 102.2. The Richmond Fed manufacturing index rose to -3 in April, versus expectations for a reading of -2. COMPANY NEWS: Shares of Apple were little changed near noon after the company last night reported March quarter earnings and sales well above expectations and boosted its shares buyback program to $140B from $90B and quarterly dividend by 11% to 52c. FBR Capital called the quarter ďPicasso-like,Ē while Brian White at Cantor Fitzgerald upped his price target on shares to $195. Less sanguine are analysts at Pacific Crest, Maxim and Deutsche Bank. Noted investor Carl Icahn said afterward that Apple is "still undervalued and misunderstood" and promised to put out another in-depth report on the company within two weeks... IBM (IBM) approved an 18% increase in its quarterly dividend to $1.30 per common share. MAJOR MOVERS: Among the notable gainers was Dow member Merck (MRK), which advanced 5% after its Q1 sales and EPS beat expectations. Two other big name, big revenue drugmakers slid after their earnings reports, as Bristol-Myers (BMY) declined 1% and Pfizer (PFE) fell 0.5%. Also lower following its earnings report was The Container Store (TCS), which declined about 16% after its results and outlook missed expectations. INDEXES: Near midday, the Dow was up 49.61, or 0.28%, to 18,087.58, the Nasdaq was up 9.87, or 0.2%, to 5,070.12, and the S&P 500 was up 3.98, or 0.19%, to 2,112.90.
|10:27 EDT||IBM||IBM board approves 18% increase in quarterly dividend|
IBM board declared a regular quarterly cash dividend of $1.30 per common share, payable June 10, 2015 to stockholders of record May 8, 2015. Todayís dividend declaration represents an increase of 20c, or 18% higher than the prior quarterly dividend of $1.10 per common share.
|April 23, 2015|
|15:38 EDT||LNVGY||Earnings Watch: Citi says sell Microsoft shares, Wells Fargo sees outperformance|
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|April 22, 2015|
|08:13 EDT||IBM||PSA Peugeot CitroŽn and IBM announce partnership |
PSA Peugeot CitroŽn and IBM announced a partnership to help various industries within the Internet of Things economy to analyze data to deliver new services from connected vehicles. The companies are expanding their partnership announced last year to develop connected services for PSA vehicles by now enabling other industries and companies to propose new added values services in their vehicles. The seven-year agreement will focus on commercializing services and building next-generation technical solutions necessary to deliver connected services.