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Tag Archives: IBM

Tech Stocks Climb Higher

10-Oct-09

Tech stocks climbed higher yesterday, after seeing their price targets lifted by analysts ahead of the next set of earnings releases. Google Inc’s price target was raised 26.32% to US$600 at Credit Suisse, with a full-year Earnings Per Share (EPS) forecast of US$21.75 for 2009. International Business Machines (IBM) Corp had its price target lifted [...]

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Value Of Most Valuable Brands Declines But A Few Shining Stars Prevail

19-Sep-09

After a tumultuous year, consumers lost faith in many of the brands they had come to love. For the first time since Interbrand began compiling its list of the world’s most valuable brands ten years ago, the overall value declined – by 4.6%. However, a few are breaking the odds. Coca Cola and IBM retained [...]

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IBM Acquires SPSS

29-Jul-09

International Business Machines (IBM) is looking to solidify its spot as the world’s number one computer-services provider. IBM, which is also known as the “Big Blue”, announced that it will acquire statistical software developer SPSS Inc. in a US$1.2B all-cash deal that is expected to help it further penetrate the analytics business. This is just [...]

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IBM Beats Forecasts

18-Jul-09

International Busineess Machines (IBM) Corp announced earnings that beat forecasts, with second-quarter EPS rising 18% to US$2.32. On average, analysts were anticipating EPS of US$2.02. IBM’s profits were due to an improvement in its margins (revenue growth actually slowed), showing that their strategies over the past few years are beginning to pay off. IBM raised [...]

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Overnight Market News – May 27, 2009

27-May-09

US Government Expected to Buy 70% Stake in General Motors Corp (GM) as Bankruptcy Looms Chrysler LLC Expected to Exit Ch 11 Bankruptcy Protection as Early as Next Week, Boosting Optimism for a Swift Proceeding for GM European Union (EU) Reveals Plan to Regulate, Reduce Risk in Financial Markets McDonald’s Corp Plans to Edge Starbucks [...]

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