IBM is preparing to close its $34 billion acquisition of Red Hat but Wall Street has 'real question marks' after its 'mediocre' quarter

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

IBM will close its $34 billion acquisition of Red Hat this year, and analysts question about whether IBM can become a stronger player in hybrid cloud.

"They have an 'everything in the kitchen sink' approach to cloud," Andrew Bartels, vice president and principal analyst at Forrester, told Business Insider. They toss everything that might be related to cloud into that bucket. There's a lot of ambiguity and probably misdirection which is in their cloud numbers."

"That was a little disappointing for investors," Anwar told Business Insider."They were expecting they will see some clear improvements but that's obviously not the case. They're still struggling to compete in this cloud computing segment in which Amazon and Microsoft had a great run." And there's still some positives, says UBS lead analyst John Roy. He expects cloud and cognitive services at IBM to grow, and the company will also benefit from getting rid of underperforming assets of the company that slow down the business.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 729. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Dow stock that's lost $34 billion in market cap in the last week could be a buy, says investorShares of health-care giant UnitedHealth have dropped considerably in the last week, but one market watcher advises betting on the dip.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

LIVE: here come IBM earningsIBM is shedding some businesses and swallowing RedHat in a $34 billion deal. Investors will have lots of questions when the comapny reports Q1 earnings.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

IBM quarterly revenue misses on weak mainframe computer businessInternational Business Machines Corp reported a bigger-than-expected drop in fir...
Sumber: Reuters - 🏆 2. / 97 Baca lebih lajut »

Stocks This Week: Short IBM And MattelThe market is likely to correct this week so short sales are recommended.
Sumber: Forbes - 🏆 394. / 53 Baca lebih lajut »

IBM set to report earnings after the bellAnalysts are expecting IBM's revenue to be down year over year for the third quarter in a row. SenateFloor HouseFloor TheJusticeDept FBI IBM promotes IBM Business Conduct Guidelines..IBM Policies/EEOC/New York Human Right etc..Violators since IBM Founded. Ginni Rometty is the Worst CEO. She IBM CEO became Sam Palmisani-Italian promoted Her per IBM Ex-Employees. Ding ding ding ding ding ding ding ding ding ding Okay, I just felt like doing it 😂
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »