Word: ibm
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...couple of month ago, India's chief finance minister may have made calls to the heads of IBM and several other large U.S. tech companies to tell them that the huge developing nation was hemorrhaging high-end tech jobs. Whether the call happened or not, looking at statistics from India it would be easy to see that the costs of outsourcing technology work to firms based there is dropping as unemployment in the country rises...
...IBM (IBM) is in talks to buy server company Sun (JAVA). Sun has had a difficult time making it all alone. It sits in fourth or fifth place in terms of market share. Giants like Hewlett-Packard (HPQ) top that list. Sun has no chance of ever making it to one of the top three spots. The company has already fired thousands of people, so it is lean, maybe too lean to grow. IBM has been watching Hewlett-Packard become a more formidable competitor. And, Cisco (CSCO) recently said it would get into the high-end server business. The number...
...stock is way down. Before the rumor about an IBM deal hit the news, Sun traded at $5, less than a third of its 52-week high. What was lost in the commotion about the buyout was that Sun's shares had moved from $3.84 to $5 in just six trading days. Most of that increase was due to the rally in the overall market. And, if the market keeps going up, the price of potential acquisitions is going to get more expensive, even if the underlying businesses of the targets has not changed...
What happened to the PC? It has turned out to be too much like a car. Once a household has two or three of something, no matter how useful it is, sales of that item are going to slow down. The PC is no exception. IBM (IBM) brought its PC to market in 1981 and launched the age of personal computing. The first machine went for $1,565, so for all the processing power that new machines have, pricing has not changed much...
...Real concern will come if the undertow moves to other parts of the economy which have been expected to hold up fairly well. Technology sector firms including Hewlett-Packard (HPQ), IBM (IBM), and Microsoft (MSFT) have cut large numbers of people, although they are still extremely profitable. Another set of broad layoffs among these companies would be extremely bad news. The reaction to increasing unemployment will worsen if job losses spread to the large energy companies and media conglomerates...