IBM

This has been a newsworthy week in terms of corporate developments in the IT world. Of course for the Ticker Target Hi-Growth Portfolio, the most signal event was the strong, pre-announced results of Alteryx that have driven the shares up about 25%. But there have been some other interesting developments that may be tradeable events…

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Summary IBM has been one of the poorest performing enterprise IT companies for years now. This was the first quarter in which new CEO, Arvind Krishna was the company CEO. The company announced what can best be described as a mixed quarter with plenty of winds-both head and tail to consider. Not terribly surprisingly the…

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The news that most people watch is about the progress that has been made against the Covid-19 virus. Frankly, some of it seem ghoulish to me, and more like the plot for a Hollywood movie. I suppose today’s journalists and media imagine that this is what their audience wants to read and see. But in…

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The first few earnings relating to the quarter that ended in December have been published now. They were all beats, and beats in terms of revenue as well as EPS. IBM even managed to post organic growth-although 0.1% is hardly enough to make most investors sit-up and take notice. Thematically, the fact is that last…

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Melt-ups-should readers take some profits? I have gotten quite a number of questions regarding what readers ought to do in the wake of the melt-up over the past several weeks. I try to avoid making market calls; my own experience is that for every accurate call made by a market strategist,  another one fails. I…

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One subscriber wrote me that last week was a “hell of a week.” And so it was. I read a drumbeat of articles talking about bubbles and over-valuation. I have presented my thesis often enough. When I write articles and present investment ideas, I try to do so on the basis of logic and not…

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Summary IBM’s earnings release last week was well received and the shares have further appreciated after a strong YTD performance. IBM once again missed its revenue targets. IBM has provided a minimum of guidance with the expectation of fleshing out expectations on 8/2 when it discusses its post Red Hat future. A careful inspection of…

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Symantec Symantec shares closed down about 10% on Monday after initially trading down 17%. Rumors have swirled with regard to the negotiations between Symantec and Broadcom regarding the latter’s attempt to buy the former. Information has been that Symantec has a minimum price in mind of $28/share and that Broadcom, after some additional due diligence,…

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IBM The headline comes from a rather well-known song composed by Cole Porter whose title is “At long last love.” Like a typical IBM quarterly report, the lyrics are complex, and the singer has to settle for Asbury Park. As most tech investors know, IBM reported its results for the December quarter last evening. The…

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It was announced earlier today that IBM was acquiring Red Hat for $190/share, a premium of no less than 62% from Friday’s close. This is probably the most significant transaction of 2018 in the enterprise IT space.  To say that the premium is extraordinary is an understatement-62% premium’s, in general, are extraordinary but given the…

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