Word: ibm
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Dates: during 1990-1999
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...trading at record volume and posting record gains, the Dow closed up 337 points Tuesday, retracing more than 60 percent of yesterday's record-setting slide. It may have happened because America's biggest cash-holders took matters into their own hands. "A lot of people are saying that IBM chairman Lou Gerstner saved the market (with this morning's $3.5 billion stock buyback)" says Fortune Magazine's Nelson Schwartz, "And they might be right. Investors love it--it shows that the company has both confidence in its stock and a lot of cash, and it insures that outside investors...
...Defense contractor" does not begin to describe Armstrong. Formerly with IBM, he is a shrewd marketing executive who will bring a hands-on style of management to a company that has begun to resemble a helpless giant. At Hughes, Armstrong spun off the automotive parts and defense businesses to bring the company to the cutting edge of the satellite and telecommunication industry. The market voted its quick approval of his latest move. After the story broke on CNBC last Friday, AT&T's stock rose 3.7%, to $45.19, while the rest of the market had a dismal...
Frankly, if you wanted an IBM-compatible computer, you had to buy an Intel chip, period. And without real competitors in the CPU market, chip prices (and thus computer prices) never drifted down...
...Microsoft manage to defy the bad news from the Justice Department and end Monday with their stock up by 25 cents a share? Simple - as Money Daily reports, they were part of the earnings boom on Wall Street. Microsoft, IBM and Eli Lilly (makers of Prozac) all posted better-than-expected third-quarter profits...
...visit to the United States is likely to bring controversy wherever he goes, as both human-rights activists and organized labor have opposed increasing economic ties to China, which will be a major focus of the trip. Jiang's expected to meet with leaders of corporations from Boeing to IBM...