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Tag Archives: International Business Machines

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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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 13, 2009

13-May-09

European Commission Fines Intel Corp USD 1.45B on Using Rebates to Impede A Competitor Japan’s Current Account Surplus Falls 50.2% in Year Through March to JPY 12.23T (USD 127B) International Business Machines Corp (IBM) Ready to Launch New Real-Time Data Analysis Software US Bancorp Sells USD 2.5B Worth of Common Stock After Passing Stress Test [...]

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