Ibm Stories
Fujitsu profit sags, pegs hopes on H2 IT spending
Fujitsu Ltd <6702.T> said its quarterly operating profit fell 35 percent, dragged down by losses in its devices business, sluggish IT spending in Japan and a strong yen, but it stuck to its full-year profit forecast on hopes for a pickup in IT spending in the October-March period.
Virginia Rometty to take over as CEO of IBM on January 1
IBM has announced that Virginia Rometty will take over on January 1 as President and CEO from Sam Palmisano.
IBM Taps Rometty to Succeed Palmisano as CEO
IBM global sales chief Virginia Rometty will take over as CEO from Sam Palmisano in January, becoming one of the most powerful women in business and technology today.
Instant view: IBM CEO Palmisano will hand reins to sales chief
IBM CEO Sam Palmisano will hand over the reins to global sales chief Virginia Rometty from 2012, ending a near-decade-long reign during which he helped transform Big Blue from a PC hardware company into a global services behemoth.
IBM names Rometty to succeed Palmisano as CEO
IBM CEO Sam Palmisano will hand over the reins to global sales chief Virginia Rometty from 2012, ending a reign of nearly a decade during which he helped transform Big Blue from a PC hardware company into a global services behemoth.
IBM’s Palmisano Retires; Rometty to be First Woman CEO
IBM said it elected Virginia Rometty as president and CEO, succeeding Samuel Palmisano, 60, who will retire after 10 years in the post. Rometty will become the first woman in 101 years to lead IBM.
Apple’s Cash Pile: Making You Pay More for ‘Insanity’
Apple now may have more cash and securities available than any other company, at least $81.5 billion at the end of its fourth quarter ended Sept. 24.
Apple TV the Final Frontier for Steve Jobs?
Several Steve Jobs profiles suggest that he was interested in conquering TV. We investigate the possibility.
Is Israel's romance with Nasdaq over?
Israeli technology companies, once the darlings of New York's Nasdaq, have turned their backs on the exchange and are looking for suitors to acquire them.
Xerox Profit Beats Street, Shares Rise
Xerox Corp's. profit and revenue rose in third-quarter as it signed more long-term deals to provide business services to companies.
Global Risk Assets Hit in U.S. Session: 3 Reasons Why
Global risk assets were weighed down during Wednesday's U.S. session on a barrage of negative headlines.
Apple Earnings Miss Wipes Out $22 Billion; Leaves it No. 2
Apple shares lost 5.6 percent of their value Wednesday after narrowly missing analyst estimates for fourth quarter earnings.
U.S. Stocks in Negative Territory, Tech Shares Plunge [CHART]
U.S. stocks are down Wednesday on disappointing earnings from the tech sector.
Apple Shares Drop 4 Percent After Earnings Miss
Apple shares opened down about 4.3 percent after the world’s most valuable company reported fourth-quarter results that narrowly missed analyst estimates.
Apple’s Report: Annual Revenue Tops $108 Billion
Apple reported full-year revenue of $108 billion, firmly establishing it as one of the world’s top technology companies. Fourth-quarter earnings of $6.2 billion exceeded analyst estimates, but revenue of $28.3 billion fell slightly shy of them.
Oracle Snaps Up Endeca, Bolsters Unstructured Data Line
Oracle announced plans to acquire privately held Endeca, a leader in business intelligence analysis to explore unstructured data.
Apple’s Earnings: Watch for First $100 Billion Year
While Apple’s fourth quarter results won’t be known until late Tuesday, one thing is nearly certain: for the first time annual revenue will exceed $100 billion, maybe by as much as $10 billion.
IBM shares fall as tech-spend worries loom
Shares of IBM fell 5 percent in pre-market trading on Tuesday after Big Blue's third-quarter beat failed to stem worries about a slowdown in tech spending.
BofA Merrill ups IBM price target on growth prospects
BofA Merrill Lynch raised its price target on shares of IBM following the company's third-quarter beat, and said it expected the blue chip to cut costs further, given the slowdown in IT spending.
Stock index futures off on China worries, France caution
S&P 500 stock index futures eased modestly on Tuesday after a Moody's warning on France's credit rating and a slowdown in China's growth revived concerns over a worsening debt crisis in Europe and a hard landing for Asian economies.
U.S. Stock Futures Point to Lower Opening
U.S. stock futures point to lower opening on Tuesday after new data showed that Chinese economy has expanded at a slower rate in the third quarter and quarterly results from IBM failed to impress investors.
Shares Fall on Slowing Chinese Growth, French Credit Warning
World stocks stumbled from the previous day's 1-1/2 month high on Tuesday and government bonds rose as slower-than-expected Chinese growth data and a warning on France's triple-A sovereign credit rating prompted investors to cut risks.
IBM's Q3 disappoints, stock drops
IBM's quarterly results failed to impress investors used to a stellar showing from Big Blue, adding to concerns about lackluster corporate IT spending and dragging its stock down more than 3 percent.
IBM meets Q3 expectations, raises outlook
IBM's third-quarter revenue met expectations as corporate spending on information technology held up in the face of economic worries, and the company bumped up its 2011 earnings outlook.
IBM's Q3 heightens caution, spurs sell-off
IBM's quarterly revenue and services signings barely met Wall Street forecasts, underscoring investors' fears about slower information technology spending and depressing its stock more than 3 percent.
IBM's Q3 heightens caution, spurs sell-off
IBM's quarterly revenue and services signings barely met Wall Street forecasts, underscoring investors' fears about slower information technology spending and depressing its stock more than 3 percent.
IBM’s Earnings Beat Estimates: Could They Be Tech Bellwether?
IBM, the No. 2 global technology company, reported third-quarter results that narrowly beat analyst expectations. They could be a bellwether for the entire technology sector.
IBM's Q3 meets expectations, outlook raised
IBM's third-quarter revenue met expectations as corporate spending on information technology held up in the face of economic worries and the company bumped up its 2011 earnings outlook.
IBM’s Earnings: Bellwether for the Tech Industry
IBM, the No. 2 global technology company, is scheduled to report third-quarter results late Monday. They could be a bellwether for the entire technology sector.
Kodak Sells Image Licenses to Imax as Patent Auction Continues
Eastman Kodak will license about 50 patents to Imax to allow the entertainment provider to expand projections in its specialized giant-screen. The news may have sent Kodak shares up 7 percent in Monday trading.