Word: ibm
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...IBM Professor of Business and Government Roger B. Porter said his research assistant will help him with his newest research on American presidential politics...
...explain IBM? Big Blue is no house of cards. Recently departed CEO Lou Gerstner turned a flabby dinosaur into the nation's biggest tech survival and revival story by transforming it into a lean-and-mean IT services company. And he did it just as a nation of IT purchasers, their budgets gone bust, needed services most of all. The result: IBM emerged from the tech downturn with loyal customers, long-term service contracts, high earnings and low costs...
...while IBM is indeed in solid shape, its earnings have grown 20 percent annually since 1994 while its revenues have grown only 5 percent a year over the same time period. Should the stock really be up more than fivefold...
...asset sales, share buy-backs and adjustments to the projections of pension-fund earnings and long-term services contracts. And investors, led by those same market-making investment firms that Congress is penciling in for its spring hearings season, have turned up the heat on current CEO Jeff Palmisano. IBM is down 20 percent on the year, and fell nearly $4 Tuesday, bringing both the Dow and the techs down with it. (The latest kick was a New York Times report Friday that fourth-quarter revenues met expectations only from a one-time $300 million asset sale...
...Tuesday, that John Joyce, IBM's chief financial officer, said that Big Blue would be opening its books a little wider every quarter at earnings time, making previously obscure information about asset sales, earnings projections and revenue streams easier to find. Joyce told the Wall Street Journal that while IBM's past practice has been correct under accounting guidelines, "our shareholders and analysts have been asking for more." The responsive, reformative powers of Congress were not mentioned as a motivation...