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…
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,…
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…
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…
Another quarter reported for IBM, another quarter of wasted opportunity. I don’t imagine too many subscribers to this site have positions in IBM. It basically checks none of the boxes that I look at in evaluating companies. And this past quarter was one of the poorest showings the company has made in the last decade.…
IBM IBM reported the results for its fiscal Q2 Wednesday afternoon to kick off IT earnings season. The results included an earnings beat, in-line revenues, and an in-line guide. The shares have responded noticeably trading up by more than 3% after hours. The share price reaction should be carefully looked at in context; IBM shares have been…
Yesterday many technology stocks came close to melting up, presumably reflecting expectations for strong growth and profitability in this latest reporting quarter. On the other hand, IBM reported its Q1 after the close and once again, results were singularly disappointing. I am not going to try to review IBM’s quarter in any exhaustive detail; I…
IBM announced the results of its fiscal second quarter earlier today. The results were yet another disappointment, and in some ways this disappointment was worse than any previous earnings release. The problem for most is going to be the collapse of growth in strategic initiatives to just 7% in constant currency. Strategic initiatives are supposed…
IBM reported its Q3 results earlier this afternoon. The results were a beat compared to guidance of about 2% on both reported and 2% on revenues. That said, both earnings and revenues continued to fall from year earlier levels. Further, the beat was mainly a product of an extraordinary level of custom programming that IBM…
Many alliances in the IT space are meaningless and the electrons ought to protest the uselessness of their efforts. After the close today, HDP and IBM announced that they had collaborated to produce an offering in which the Hortonworks Data Platform will be available for IBM Power Systems to support a range of new applications.…