Word: ibm
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Wednesday night, President Clinton hosted a State Dinner for Jiang. The guest list included not only U.S. and Chinese government officials but also the heads of some of America's largest companies, such as AT&T, Boeing, IBM and Time Warner...
...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...
...CNBC reported that Intel had decided to join the buyback parade with a "major" stock repurchase, the stock had shot up ten points, and the Dow accelerated its own meteoric rise, quickly setting more records well over the 300-point mark. "Only in the U.S.," said Schwartz. "Business like IBM and Intel, like Microsoft, are sitting on such vast reserves of cash that they can exert this kind of boost on an entire market...
...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...
...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...