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IBM News and Announcements
| ||IBM (IBM) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, IBM (IBM) closed at $121.50, marking a +1.85% move from the previous day.
Thu, 09 Apr 2020 21:45:09 +0000
| ||Prysmian Group Selects IBM To Help Accelerate Digital Transformation With Adoption of IBM Cloud
Prysmian Group (PRY: IM), a global leader in the energy and telecom cable systems industry and the largest manufacturer of cables in the world, has selected IBM Services (NYSE: IBM) to help expand and manage its global technological infrastructure. The three-year agreement engagement is designed to addresses Prysmian's need to better integrate their presence in 50 countries around the world. Managed by IBM Services, Prysmian will integrate its IT infrastructure with IBM Cloud and adopt a hybrid cloud strategy.
Thu, 09 Apr 2020 07:00:00 +0000
| ||NUS Expands its Quantum Computing Efforts in Southeast Asia with IBM
IBM (NYSE: IBM) and the National University of Singapore (NUS) today announced a new three-year collaboration in quantum computing research and training. At NUS, the partnership will be led by the Quantum Engineering Programme (QEP), a national initiative that helps researchers translate research in quantum science and technologies into commercial products. QEP is supported by the National Research Foundation Singapore (NRF), and hosted at and managed by NUS.
Thu, 09 Apr 2020 00:00:00 +0000
| ||IBM Stock Rises 4%
Investing.com - IBM (NYSE:IBM) Stock rose by 4.26% to trade at $119.80 by 15:50 (19:50 GMT) on Wednesday on the NYSE exchange.
Wed, 08 Apr 2020 15:52:00 +0000
| ||Cramer Shares His Thoughts On IBM, Enphase And More
On CNBC's "Mad Money Lightning Round," Jim Cramer said IBM (NYSE: IBM) is a good defensive stock. He likes its dividend yield and its cloud strategy.Fluor Corporation (NEW) (NYSE: FLR) is a quarter misser, thinks Cramer. He prefers US Concrete Inc (NASDAQ: USCR) in the sector, but he would rather own Caterpillar Inc. (NYSE: CAT).Cramer likes Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL). He thinks it has a good yield.Instead of Boyd Gaming Corporation (NYSE: BYD), Cramer would buy Penn National Gaming, Inc (NASDAQ: PENN).Boeing Co (NYSE: BA) is a better opportunity than Hexcel Corporation (NYSE: HXL), thinks Cramer.Cramer likes Enphase Energy Inc (NASDAQ: ENPH) and the solar power business.Dave & Buster's Entertainment Inc (NASDAQ: PLAY) has a lot of debt so Cramer would not buy the stock.Avita Medical Limited (NASDAQ: RCEL) is speculative, but Cramer likes it.See more from Benzinga * Mike Khouw Sees Unusual Options Activity In ViacomCBS * Stephanie Link Likes Wells Fargo, Coca-Cola, Raytheon And Chevron * Cramer Advises His Viewers On New Residental, Prudential Financial And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Wed, 08 Apr 2020 11:22:32 +0000
| ||IBM Is Getting Ready To Fight For A Place In The Cloud Universe
It all started when International Business Machines Corporation (NYSE: IBM) joined forces with the open-source software giant Red Hat. The deal was closed in July 2019, after IBM acquired Red Hat for $34 billion. This deal, one of IBM's biggest acquisitions ever, aimed to help the company increase its market share in the cloud infrastructure business, which has been stated as one of the company's four key growth segments, besides social, mobile and analytics.And the target is quite high - to reduce the gap between IBM and cloud industry leaders like Amazon.com, Inc. (NASDAQ: AMZN) and Microsoft Corporation (NASDAQ: MSFT). IBM needed this after three consecutive quarters of declining revenues on a year-over-year basis. Changes In IBM After The Red Hat dealRed Hat became the "unit" of IBM's hybrid cloud division, leading to some changes in the C-Suite. Ginni Rometty, IBM's CEO who led the company since 2012 stepped down, but she will stay in IBM in the role of executive chairman of the Board until the end of 2020 when she plans to retire after spending almost 40 years in the company. For her successor, the company chose Arvind Krishna, who has been with the company since 1990. Krishna's previous position as IBM's senior vice president for cloud and cognitive software is more proof of the company's strategy in the cloud segment. He was the one responsible for IBM's acquisition of Red Hat for $34 billion.On top of that, Red Hat's CEO Jim Whitehurst, who joined IBM's senior management team to report to CEO Ginni Rometty, before she stepped down, was named IBM's president in late-January. His previous position in Red Hat was filled by Paul Cormier who has been with the company since 2001, and helped it grow to a multi-billion-dollar corporation.Collaboration With The Banking SectorAfter Arvind moved up to IBM's CEO position, he left the position of head of IBM's cloud business open. The company decided to hire Howard Boville for that position, who was chief technology officer at Bank of America Corporation (NYSE: BAC). Boville was leading the team that built and ran the second-largest U.S. bank cloud solution. IBM has previously collaborated with Bank of America on the creation of a financial services-specific cloud solution.The Cloud Battle Is Just Heating UpOf course, the competition is not standing still. One of the two cloud market leaders, Microsoft, knows it must constantly work on new solutions and ideas to keep its current position and maybe increase market share. To do so, Microsoft announced its decision to acquire a company Affirmed Networks and its cloud-native, virtualized mobile network solutions. This will enable Microsoft to upgrade its work with the telecommunications industry and build a more secured and trusted cloud platform, which will be a new tailor-made solution for the operators and will help them to better manage their network workloads in the cloud segment.Between IBM's advancements in its cloud business, Microsoft's continued investment, and the looming threat of Amazon, it's clear that the cloud wars are just heating up. This article is not a press release and is contributed by Ivana Popovic who is a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure . Ivana Popovic does not hold any position in the mentioned companies. Press Releases - If you are looking for full Press release distribution contact: firstname.lastname@example.org Contributors - IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: email@example.com Questions about this release can be sent to firstname.lastname@example.orgThe post IBM Is Getting Ready to Fight for a Place in the Cloud Universe appeared first on IAM Newswire.Photo by Carson Masterson on UnsplashSee more from Benzinga * Microsoft's Focus On The Cloud Makes It A Prime Recovery Candidate * Oil And Shale Are In A Tough Spot * Roland Garros Is Giving Us Hope – Shall We Dare to Dream?(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Tue, 07 Apr 2020 17:05:08 +0000
| ||IBM taps former Bank of America CTO to oversee cloud business
Krishna headed the Big Blue's fast-growing cloud business before his elevation as chief executive officer in late-January. As chief technology officer of Bank of America, Boville was responsible for building and running the second largest U.S. bank's cloud services. IBM said in November it had created a financial services-specific cloud technology in collaboration with Bank of America.
Mon, 06 Apr 2020 17:03:42 +0000
| ||IBM's Cloud Selected by Movius to Provide Improved Services
IBM's (IBM) public cloud services witness robust traction driven by the digital transformation taking place in the industry.
Mon, 06 Apr 2020 16:36:04 +0000
| ||Palo Alto quantum computing startup scores $215M to take on Google, IBM
The Palo Alto startup is racing to develop a general-purpose quantum computer that is essentially powered by light and could be broadly useful to businesses.
Mon, 06 Apr 2020 14:56:12 +0000
| ||New IBM CEO begins in top role, stresses need to 'win the architectural battle in cloud'
Arvind Krishna began as the new chief executive of International Business Machines Corp. Monday and penned a note to employees about his strategic priorities. He wrote that the company needs to "deepen our understanding of IBM's two strategic battles," which he deems to be "the journey to hybrid cloud and AI." He also said that the company needs to "win the architectural battle in cloud" by establishing "Linux, containers and Kubernetes as the new standard." He expects that the company can turn Red Hat OpenShift into the "default choice for hybrid cloud in the same way that Red Hat Enterprise Linux is the default choice for the operating system." IBM shares are up 5.7% in Monday morning trading. The stock has dropped 12% over the past month as the Dow Jones Industrial Average has fallen 15%.
Mon, 06 Apr 2020 14:33:00 +0000
| ||Red Hat names longtime exec as new president and CEO
Red Hat has named a new CEO to lead the Raleigh-based company as Jim Whitehurst takes a larger role with IBM.
Mon, 06 Apr 2020 13:52:15 +0000
| ||Paul Cormier takes over as Red Hat CEO, as Jim Whitehurst moves to IBM
When Ginni Rometty indicated that she was stepping down as IBM CEO at the end of January, the company announced that Arvind Krishna would be taking over, while Red Hat CEO Jim Whitehurst would become president. To fill his role, Red Hat announced today that long-time executive Paul Cormier has been named president and CEO. Cormier would seem to be a logical choice to run Red Hat, having been with the company since 2001.
Mon, 06 Apr 2020 13:37:50 +0000
| ||IBM's Red Hat names Paul Cormier CEO
Red Hat Inc., a unit of IBM , said Monday it has named Paul Cormier as president and chief executive. Cormier was Red Hat's president of products and technologies and succeeds Jim Whitehurst, who is now president of IBM. Red Hat is a provider of open source software. IBM shares were up 2.9% premarket, but have fallen 21% in the year to date, while the Dow Jones Industrial Average has fallen 26% and the S&P 500 has fallen 23%.
Mon, 06 Apr 2020 10:14:00 +0000
| ||Corporate Pensions Face Underfunding Problems Because of the Coronavirus Crisis. What to Watch.
Corporate pension managers are grappling with falling markets and falling interest rates, which hurts pensions doubly. Investors should watch what the companies with the largest pension plans have to say when first-quarter earnings are announced.
Mon, 06 Apr 2020 10:00:00 +0000
| ||Microsoft Stock Is the Market’s True Winner
Microsoft (NASDAQ:MSFT) stock closed March at less than $1 from where it opened January.Source: gguy / Shutterstock.com Although a down market -- spurred on by Friday's jobs report -- has Microsoft stock down about 1.5% on April 3, it remains about the only thing working. Even the dividend, 51 cents per share, looks payable. Its yield of 1.3% is close to that of the 30-year U.S. Treasury bond.How is this possible?InvestorPlace - Stock Market News, Stock Advice & Trading TipsSimple. The cloud. Not just the cloud, but cloud applications. These are the vital services that let millions work from home, that keep the economy alive. And these are the services seriously helping Microsoft stock right now. Making a CommitmentSatya Nadella didn't set out to become the hero of a global pandemic in 2014. His appointment as CEO of Microsoft was controversial, as was his commitment to the cloud.This was neither cheap nor easy. Committing to cloud meant putting $1 billion into capital spending each quarter, then raising it steadily. The company's capital budget in 2010 was under $2 billion. In 2019 it was nearly $14 billion. * 7 Telecom Stocks That Are Worth a Close Look Companies that a decade ago were larger, such as AT&T (NYSE:T) and International Business Machines (NYSE:IBM), found this to be too much. Instead they gave shareholders dividends. Microsoft, on the other hand, paid out just 44 cents per share a decade ago.Nadella also committed to doing virtually all the company's business online, at a time when that was still controversial. He also committed to doing other software companies' online business, competing directly with Amazon (NASDAQ:AMZN).At the time the idea seemed ludicrous. But Microsoft was also selling platform tools and applications. Microsoft has since become the most profitable cloud in the world. Microsoft Stock and the PandemicNot everything has gone perfectly for Microsoft during the pandemic.Teams, its collaboration system, is being outshone by Zoom Video (NASDAQ:ZM). Microsoft's new scrolling news bar looks like something out of the 1990s. Microsoft has pulled away from investments in facial recognition. Business revenue, including Surface laptops, is falling because of the pandemic.But generally, Microsoft has gotten good reviews and increased business. The stock gained 7% just on March 30. Usage of the Azure cloud has grown almost 800%. Microsoft now has cloud data centers on every continent, including Africa, where Amazon has yet to build. New OpportunitiesMicrosoft stock's performance during the panic has given it new opportunities.Microsoft is now rolling out Teams as a consumer product, as Office is rebranded as Microsoft 365. The experience of working and living with its systems is becoming seamless.In March Microsoft acquired Affirmed Networks, for a price estimated at $1.4 billion. This let Microsoft introduce Azure Edge Zones for carriers, to take advantage of 5G.Microsoft is rolling out automated chatbots and virus trackers, not just to fight the human pandemic but the ills that hit networks and software. Microsoft now has the cash to decisively beat long-time rival Sony (NYSE:SNE) in gaming. It is buying game developers as that industry moves to the cloud. Microsoft is also teaming up with Plaid to support payments within its Excel spreadsheet. The Bottom Line on Microsoft StockI picked up some shares of Microsoft almost as a lark several years ago, when they were at $50. It's now the best performer in my portfolio, having more than tripled in price. The dividend now yields 4% on that initial investment.Very few companies get multiple legends as CEO. Bill Gates' first successor, Steve Ballmer, got the company out of antitrust jail but did nothing for the stock.Nadella, on the other hand, is the kind of CEO they write books about. Gates quietly left his position on the board last month, and he left the company in the best possible hands.Dana Blankenhorn has been a financial and technology journalist since 1978. His latest book is Technology's Big Bang: Yesterday, Today and Tomorrow with Moore's Law, essays on technology available at the Amazon Kindle store. Follow him on Twitter at @danablankenhorn. As of this writing he owned shares in MSFT and AMZN. More From InvestorPlace * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * This Stock Picker's Latest Video Just Went Viral * The 1 Stock All Retirees Must Own The post Microsoft Stock Is the Market's True Winner appeared first on InvestorPlace.
Fri, 03 Apr 2020 19:51:02 +0000
| ||Dow down 481 points on losses in UnitedHealth, American Express shares
DOW UPDATE Dragged down by losses for shares of UnitedHealth and American Express, the Dow Jones Industrial Average is slumping Friday afternoon. The Dow (DJIA) was most recently trading 481 points lower (-2.
Fri, 03 Apr 2020 19:47:00 +0000
| ||Dow's 460-point fall led by losses for UnitedHealth, IBM shares
The Dow Jones Industrial Average is slumping Friday afternoon with shares of UnitedHealth and IBM seeing the biggest declines for the index. Shares of UnitedHealth (UNH) and IBM (IBM) are contributing to the index's intraday decline, as the Dow (DJIA) was most recently trading 460 points (2.1%) lower. UnitedHealth's shares are down $12.02, or 5.0%, while those of IBM are down $3.97, or 3.6%, combining for a roughly 108-point drag on the Dow.
Fri, 03 Apr 2020 17:25:00 +0000
| ||Movius Adopts IBM Public Cloud to Empower Global Enterprises to Scale Communications Continuity in a Secured Environment
Movius, an emerging global leader in cloud-based secure mobile communications software, will host its MultiLine application on the IBM (NYSE: IBM) public cloud. This helps them meet critical demand for business communications continuity as enterprises migrate their mobile communication needs to the cloud, while still addressing their regulatory and data protection needs.
Fri, 03 Apr 2020 17:14:00 +0000
| ||IBM Stock Falls 4%
Investing.com - IBM (NYSE:IBM) Stock fell by 4.01% to trade at $105.66 by 13:33 (17:33 GMT) on Friday on the NYSE exchange.
Fri, 03 Apr 2020 13:35:00 +0000
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