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intl business machines corp (IBM) Snapshot

Open
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52 Week High
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52 Week Low
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Market Cap
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Average Volume 10 Days
0.0
EPS TTM
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Shares Outstanding
988.4M
EX-Date
02/6/15
P/E TM
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Dividend
$4.40
Dividend Yield
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Current Stock Chart for INTL BUSINESS MACHINES CORP (IBM)

intl business machines corp (IBM) Details

International Business Machines Corporation provides information technology (IT) products and services worldwide. The company’s Global Technology Services segment provides IT infrastructure and business process services, such as outsourcing, processing, integrated technology, cloud, and technology support. Its Global Business Services segment offers consulting and systems integration services for strategy and transformation, application innovation services, enterprise applications, and smarter analytics; and application management, maintenance, and support services. The company’s Software segment provides middleware and operating systems software, including WebSphere software to integrate and manage business processes; and information management software that enables clients to integrate, manage, and analyze data from various sources. It also offers Watson Solutions software to interact in natural language, process big data, and learn from interactions with people and computers; Tivoli software offers integrated service delivery for cloud and datacenter management, enterprise endpoint and mobile device management, asset and facilities management, and storage management; and Workforce Solutions software that enables businesses to connect people and processes. In addition, this segment provides Rational software that supports software development; and Mobile software for application development, mobile security, and mobile device management. Its Systems and Technology segment offers infrastructure technologies; and semiconductor technology, products, and packaging solutions. The company’s Global Financing segment provides lease and loan financing; commercial financing to dealers and remarketers; and remanufacturing and remarketing services. The company was formerly known as Computing-Tabulating-Recording Co. and changed its name to International Business Machines Corporation in 1924. The company was founded in 1910 and is headquartered in Armonk, New York.

379,592 Employees
Last Reported Date: 02/24/15
Founded in 1910

intl business machines corp (IBM) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.5M
Executive Vice President of Software & System...
Total Annual Compensation: $716.0K
Senior Vice President of Solutions Portfolio ...
Total Annual Compensation: $625.9K
Senior Advisor
Total Annual Compensation: $650.0K
Compensation as of Fiscal Year 2013.

intl business machines corp (IBM) Key Developments

Robbins Geller Rudman & Dowd LLP Files Class Action Suit against International Business Machines Corporation

Robbins Geller Rudman & Dowd LLP announced that a class action has been commenced on behalf of an institutional investor in the United States District Court for the Southern District of New York on behalf of purchasers of International Business Machines Corporation (IBM) common stock during the period between April 17, 2014 and October 17, 2014. The complaint charges IBM and certain of its officers and directors with violations of the Securities Exchange Act of 1934. The complaint alleges that during the class period, defendants issued false and misleading statements and/or omitted adverse facts regarding the true value of IBM's micro-chip manufacturing operations, known as its Microelectronics business. Specifically, according to the complaint, defendants failed to record an impairment in the value of the company's Microelectronics business in conformity with applicable accounting standards, which materially inflated IBM's earnings during the Class Period and rendered the company's 2014 earning guidance materially false and misleading. Defendants’ false and misleading statements and/or omissions during the class period caused IBM's common stock to trade at artificially inflated prices, reaching a high of over $196 per share. Then, on October 20, 2014, IBM issued a press release announcing that Globalfoundries had agreed to acquire its Microelectronics business, including intellectual property rights, for a payment of $1.5 billion from IBM to Globalfoundries, and that IBM would be taking a $4.7 billion charge to earnings on the Microelectronics unit. The same day, IBM announced disappointing financial results for its 2014 third quarter, the period ended September 30, 2014, including the $4.7 billion charge, which included an impairment to reflect fair value less estimated costs to sell the Microelectronics business and other estimated costs related to the transaction, including cash consideration expected to be transferred to Globalfoundries of approximately $1.5 billion. Defendants also updated IBM's 2014 guidance, stating that rather than the company's earlier guidance of $18 per share, operating earnings per share for 2014 would decline between 2% and 4% compared to $16.64 per share in 2013. On this news, the price of IBM common stock fell more than $12 per share, from $182.05 per share on October 17, 2014 to close at $169.10 per share on October 20, 2014. Plaintiff seeks to recover damages on behalf of all purchasers of IBM common stock during the Class Period. The plaintiff is represented by Robbins Geller, which has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud.

IBM Introduces IBM MobileFirst Platform

IBM announced that it has introduced its IBM MobileFirst Platform, which reportedly helps organizations to manage apps and support mobile adoption across the enterprise. With access to cloud-based or on premise capabilities, organizations using the IBM MobileFirst Platform can more easily secure, personalize and integrate data from multiple sources to improve decision-making and the user experience. Clients can use the platform to build and deploy mobile apps, or integrate apps built with third party tools. It is optimized for native, HTML5 and hybrid development, or any combination of these approaches. IBM also offers a tailored version of the platform, designed specifically for native iOS development. Whether just getting started or on track to rapidly increase their number of enterprise mobile apps, organizations can benefit from multiple IBM MobileFirst Platform capabilities including the ability to: collect in app usage and feedback for enhanced sentiment analysis and crash analytics; more easily manage app iterations and release cycles; protect enterprise data from exposure through mobile exploits using advanced user authentication and supporting app authenticity, encrypting local data and performing app scanning; develop proximity-aware mobile apps to create relevant, contextual mobile experiences that connect insights from digital engagement and physical presence; and provide mobile data through the platform's Cloudant module that allows organizations to store, sync, scale and connect to data in enterprise systems. With a comprehensive set of mobile platform services available in the cloud or in a data center, IT teams can easily incorporate the IBM MobileFirst Platform into existing apps and provide users with access to platform capabilities when and where they need them. This flexibility empowers teams to focus on creating business value, not spending time on tasks that can be standardized and addressed with the platform. The IBM MobileFirst Platform also enables IBM Business Partners and their developers to enhance their offerings and continue to help enterprise clients accelerate mobile adoption.

International Business Machines Corporation Presents at Morgan Stanley 2015 Technology, Media & Telecom Conference, Mar-03-2015 11:00 AM

International Business Machines Corporation Presents at Morgan Stanley 2015 Technology, Media & Telecom Conference, Mar-03-2015 11:00 AM. Venue: The Palace Hotel, 2 New Montgomery Street, San Francisco, CA 94105, United States. Speakers: Martin J. Schroeter, Chief Financial Officer and Senior Vice President.

 

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Industry Analysis

IBM

Industry Average

Valuation IBM Industry Range
Price/Earnings 10.3x
Price/Sales 1.7x
Price/Book 13.4x
Price/Cash Flow 13.2x
TEV/Sales 1.2x
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