IBM
Even though IBM has refuted reports of a massive layoff, reports continue to come in. Something to keep an eye on.
[Note: The blogger who broke the story still maintains that major reductions (10k) have started]
- Follow-up from last week: IBM Staff reductions much smaller than first reported:
“IBM does not comment on rumours, even ridiculous or baseless ones,” the company said in an email to Reuters. “If anyone had checked information readily available from our public earnings statements, or had simply asked us, they would know that IBM has already announced the company has just taken a $600-million charge for workforce rebalancing. This equates to several thousand people, a small fraction of what’s been reported.”
http://www.itworldcanada.com/article/big-blue-layoffs-much-smaller-than-reported-ibm/101320
- IBM to introduce 12 new apple apps:
The apps will include functions for new industries like health care, energy and utilities, Apple Chief Executive Officer Tim Cook said on the company’s earnings call Tuesday. New customers include Florida’s Miami-Dade County and teen retailer American Eagle Outfitters Inc. (AEO)
- IBM workforce rebalance may hit Indian staffers hard (potentially 5k employees):
According to multiple sources at IBM India, “The appraisal period is just getting over and the fear is that the number of employees who may be asked to leave this year could be higher than last year.” They added: “However, we don’t see any other metrics beyond the regular performance evaluation one for these exits.”
Oracle
- Is Ellison overpaid?
Another scenario of investor shenanigans…Jackson said that in their view, even if PGGM and Railways Pension do not own a massive stake in Oracle Corporation (NYSE:ORCL) between the both of them, they are representing the majority of shareholders in the company which may have these issues with the way the software company is run. She said that they could have partnered with other substantial shareholders, but PGGM and Railways Pension are the groups which have been consistently been bringing up these issues in the past years.
- Oracle stock remains strong:
Oracle Corporation (NYSE:ORCL) dropped slightly amid mild profit booking and the last known price was $43.9 per share. The price decreased by -0.29 points or -0.66% which made the investors to buy on weakness. For the latest trading session, the net money flow was recorded at $19.39 million. The total upticks were valued at $78.32 million and the total downticks aggregated to $58.93 million, thereby putting the up/down ratio at 1.33, implying that stock remains inherently strong. The counter has seen a change in the share price of -0.66% on a weekly basis.In a big block trade which occurred today, the total uptick value was $27.18 million and the total downtick value was $13.89, resulting in an up/down ratio of 1.96. The net money flow for the block trade was calculated to be $13.3 million.
http://stafforddaily.com/oracle-corporation-witness-large-inflow-of-money/322095/
HP
- HP reveals more about what happens after the split…
It appears that Whitman got first dibs when it came to assembling her team for HP Enterprise. Roles for CFO, general counsel and chief marketing officer have yet to be filled at HP inc
- More of the executive structure of the two companies:
http://www.crn.com/news/channel-programs/300075496/hp-names-top-executive-lineup-for-its-two-new-fortune-50-companies.htm
Other
- Now that Lenovo bagged IBM’s X86 server business, what now?
Company is looking at going after the storage market…
http://www.theregister.co.uk/2015/01/26/with_ibm_x86_bagged_how_does_lenovo_view_the_storage_market/ - Microsoft going after Tableau and other BI companies by offering free tools
The market for business intelligence and analytics software is projected to expand to $21.4 billion in 2018 from $14.8 billion in 2014, according to IDC, as companies look for ways to easily gain insights for reams of data being collected from other business applications, websites, mobile devices and sensors. The new Power BI will be able to pull data from all of those sources.
