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I am long Red Hat due to the pending acquisition by IBM. At current prices, there is an 8.11% deal spread. The deal is highly likely to proceed as financing is secured and shareholders have already approved the transaction. Regulatory approval is the only remaining item on the checklist and in...
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When I read the headlines that IBM ( IBM ) beat on revenue and earnings I figured it was their cloud that pushed the numbers over the top; I was wrong and I was surprised. Cloud computing missed on revenues estimates with $8.93B (flat Y/Y) and so did Systems $2.62B (-20% Y/Y) . While the deal...
As IBM (IBM) gained after earnings, I closed the remainder of my position. February calls at 125, bought for psychological purposes, suddenly increased in value and I sold them for $7, for a quick and easy profit after buying them a week or so before. The psychology of it was, after four years...
IBM's (IBM) recently reported its fourth quarter earnings that surpassed market expectations and sent the stock climbing 7% higher in the after-hours session. This also was the first time since 2011 that the company reported growth in revenues for the full year. Its robust performance was driv...
IBM ( IBM ) released the Q4 earnings and the 2019 guidance. From a high-level perspective, the story is simple. With an expected 2019 EPS at about $13.9 and a flattish global business, IBM can be valued at $166.8/share, assuming a multiple of 12x the EPS . But, with I...
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HAMILTON, Ontario, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or WKN:A2AJTB) (“ Reliq ” or the “ Company ”), a rapidly growing global healthcare technology company that develops innovative Virtual Care solu...
Red Hat Enterprise Linux 7.7 adds enhanced features for hybrid cloud deployments and containerized application development while retaining a focus on production stability Red Hat, Inc., the world's leading provider of open source solutions, today announced the general availability of R...
NEW YORK , July 9, 2019 /PRNewswire/ -- T-Mobile US Inc (NASD: TMUS) will replace Red Hat Inc. (NYSE: RHT) in the S&P 500 effective prior to the open of trading on Monday, July 15 . S&P 500 & 100 constituent International Business Machines Corp. (NYSE: IBM) is acquiring Red H...