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IBM Is Getting Ready To Fight For A Place In The Cloud Universe
Tuesday, April 7, 2020 - 1:05pm | 831It 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...
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IBM Shares Fall After Q3 Sales Miss
Wednesday, October 16, 2019 - 4:25pm | 197IBM (NYSE: IBM) shares are falling after reporting a third-quarter sales miss. Adjusted earnings came in at $2.68, beating estimates by a penny. Sales came in at $18.03 billion, missing estimates by $190 million. The company reaffirmed 2019 guidance, but was below consensus estimates. "In the...
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AMD CEO Lisa Su Denies Report She Could Be Leaving For IBM: 'Zero Truth To This Rumor'
Tuesday, August 6, 2019 - 9:33am | 537Advanced Micro Devices, Inc. (NASDAQ: AMD) shares traded higher by 3.5% on Tuesday morning after CEO Lisa Su denied a report that she is preparing to leave AMD for a position at IBM (NYSE: IBM). What Happened On Tuesday, Wccftech.com reported Su is “eyeing the #2 position at IBM with the...
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IBM Trades Higher On Q2 Earnings Beat
Wednesday, July 17, 2019 - 4:20pm | 133IBM (NYSE: IBM) shares are trading higher after reporting a second-quarter earnings and sales beat. Adjusted earnings came in at $3.17, beating estimates by 10 cents. Sales came in at $19.161 billion, beating estimates by $1 million. The company reaffirmed 2019 adjusted earnings guidance $13.90,...
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IBM Rises After Q4 Earnings Beat, Cloud Revenue Up 12%
Tuesday, January 22, 2019 - 5:19pm | 264IBM Common Stock (NYSE: IBM) shares are higher after reporting a fourth-quarter earnings and sales beat after Tuesday's close. Fourth-quarter adjusted earnings came in at $4.87, beating estimates by 3 cents. Sales came in at $21.76 billion, beating estimates by $10 million. IBM also issued...
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Cramer: IBM CEO Rometty Signaled 'Real Commitment' To Stock
Tuesday, November 6, 2018 - 11:43am | 365Corporate insiders who sell their holdings can do so for multiple reasons, but insiders who buy shares of their own company do so for one reason: to make money, according to CNBC's Jim Cramer. What Happened IBM (NYSE: IBM) CEO Ginni Rometty purchased $3 million in IBM stock this week at a time...
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IBM To Buy Red Hat In $34B Deal, IT Stocks Surge
Monday, October 29, 2018 - 8:16am | 559IBM Common Stock (NYSE: IBM) announced it will purchase Red Hat Inc (NYSE: RHT)'s issued and outstanding common shares for $190 per share in cash. The $34 billion deal — the culmination of a 20-year partnership — prompted a 51-percent pop in Red Hat, a 2.7-percent decline in IBM....
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This Week In Gender Wars: CEO Ousters And Google Memos
Wednesday, August 9, 2017 - 2:43pm | 475August didn’t start off so well for the women of Wall Street. Alphabet Inc (NASDAQ: GOOGL)’s staff provoked a national debate on the technical capabilities of women, and the already-intimate cadre of female CEOs contracted with the ousters of Avon Products, Inc. (NYSE: AVP)’s...
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IBM's Ginni Rometty On Warren Buffett: Investors Are Free To Speak For Themselves
Wednesday, June 21, 2017 - 8:27am | 367Billionaire investor and large International Business Machines Corp. (NYSE: IBM) shareholder Warren Buffett surprised the Street earlier this year when he sold around one-third of his approximate 81-million-share stake in "Big Blue." He explained that IBM's status as a "big...
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Among Dow 30 CEOs, Day Without 'A Woman' Is Spot On
Wednesday, March 8, 2017 - 11:33am | 677Last month, American workers celebrated — or endeavored to prove — the economic contributions of foreign talent through a national Day Without Immigrants campaign. Now, a new demographic is champion. To demonstrate the economic influence of nearly half the global population, women...
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IBM Employee Answers CEO's Open Letter To Trump With An Open Letter Of Her Own
Tuesday, November 29, 2016 - 5:01pm | 323An open resignation letter from an International Business Machines Corp. (NYSE: IBM) employee to company CEO Virginia "Ginni" Rometty is circulating on the web in response to Rometty's “optimistic” open letter to President-elect Donald Trump last week. The letter comes...
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IBM's World Of Watson Conference Under Way This Week
Tuesday, October 25, 2016 - 3:52pm | 267International Business Machines Corp. (NYSE: IBM) is holding the IBM World of Watson 2016 conference between Monday and Thursday in Las Vegas this week. The most awaited address of the event is sure to be the keynote speech by CEO Virginia "Ginni" Rometty. Rometty is scheduled to deliver her...
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Does IBM's CEO Deserve Her $4.5 Million Bonus?
Friday, January 29, 2016 - 10:44am | 284International Business Machines Corp. (NYSE: IBM)’s stock is down 19.4 percent in the past year and more than 30 percent in the past two years. While you might think CEO Virginia "Ginni" Rometty is taking some heat for the stock’s performance, she’s actually taking up to a $4.5...
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IBM Falls After Slightly Disappointing Quarter
Monday, April 20, 2015 - 4:43pm | 295Shares of International Business Machines Corp. (NYSE: IBM) gained 3.42 percent on Monday, but were falling after hours following the announcement of company’s first quarter financial results. IBM reported net income of $2.33 billion for the quarter. Earnings increased by 9 percent to $...
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IBM CEO Explains Confidence In Reaching $40B Revenue From 'Strategic Imperatives' By 2018
Thursday, February 26, 2015 - 6:41pm | 358International Business Machines Corp. (NYSE: IBM) concluded its annual investors meeting in New York on Thursday. One of the meeting's key highlights was news that the company set a $40 billion revenue target for its cloud, big data and other growth areas, which the company calls "...