IBM (IBM) Posts Q3 EPS of $3.68

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Go back to IBM (IBM) Posts Q3 EPS of $3.68

IBM (IBM) PT, Estimates Cut at BofA/Merrill Lynch Post Q3

October 21, 2014 8:56 AM EDT

BofA/Merrill Lynch analyst Wamsi Mohan lowered his price target on Neutral-rated IBM (NYSE: IBM) to $185.00 (from $200.00) following weak Q3 results and lower guidance. The firm sees shares range-bound.

Mohan commented, "In our opinion, the reset in expectations provides an opportunity for... More

IBM (IBM) to Sell Global Commercial Semiconductor Technology Unit

October 20, 2014 6:02 AM EDT

IBM (NYSE: IBM) and GLOBALFOUNDRIES announced that they have signed a Definitive Agreement under which GLOBALFOUNDRIES plans to acquire IBM's global commercial semiconductor technology business, including intellectual property, world-class technologists and technologies related to IBM Microelectronics, subject to completion of applicable regulatory reviews. GLOBALFOUNDRIES will also become IBM's exclusive server processor semiconductor technology provider for 22 nanometer (nm), 14nm and 10nm semiconductors for the next 10 years.

The Agreement, once closed, enables IBM to further focus on fundamental semiconductor research and the development of future cloud, mobile, big data analytics, and secure transaction-optimized systems. IBM continues its... More