IBM at 5-year high after results beat forecasts

(Reuters) - IBM said on Wednesday that second-quarter net income rose 12 percent as revenue grew 8.6 percent to $23.8 billion, helped by about $5 billion of software-company acquisitions that strengthened the company's most profitable business.




The results, which beat analysts' average forecasts, led IBM to raise its 2007 earnings-per-share growth forecast to 14 percent to 15 percent from a May projection of 13 percent to 14 percent growth.


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US STOCKS-Profits push indexes up, led by IBM and Juniper

(Reuters) - NEW YORK, July 19 - U.S. stocks rose on Thursday
as forecast-topping results from multinational companies such
as IBM and Juniper Networks Inc. shifted investor
focus back to corporate profits and away from subprime
mortgage concerns.




Shares of International Business Machines Corp. ,
the world's largest technology services company, rose 4
percent, after it posted a jump in quarterly profit and raised
its 2007 earnings forecast late on Wednesday. For details, see
[ID:nN18415715].


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U.S. Stock-Index Futures Rise on Earnings; IBM, Bank of America Advance

(Bloomberg) -- U.S. stock-index futures gained
after Bank of America Corp. and International Business Machines
Corp. reported earnings that topped analysts' forecasts.

Bank of America, the second-largest U.S. bank, rose after
posting 5.2 percent profit growth. IBM, the world's biggest
provider of computer services, climbed after saying software
acquisitions boosted results.


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REFILE-IBM to buy DataMirror for $161 mln

(Reuters) - IBM, which is in the midst of an aggressive effort to build
its software revenue through acquisitions, said it will buy all
outstanding DataMirror common shares at C$27.00 cash each, or a
total of C$170 million .




DataMirror is based in Markham, Ontario, and provides
technology that helps companies capture and analyze data in
real-time. IBM said it expects the deal to close in the third
quarter.



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UPDATE 1-IBM reaches settlement with SEC on Dollar General

(Reuters) - But it consented to the entry of an SEC administrative
order directing it not to violate certain provisions of the
federal securities laws and related SEC rules.




Dollar General is a client of IBM's Retail Store Solutions
unit, which sells point-of-sale products, IBM said.


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IBM to buy Watchfire security software firm

(Reuters) - NEW YORK, June 6 - IBM , the world's largest technology services company, said on Wednesday it will buy privately held security and compliance testing software company Watchfire Corp. for an undisclosed amount.



The deal is expected to close in the third quarter, International Business Machines Corp. said in a statement.


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PC maker Lenovo back in the black

(Reuters) - Lenovo, which in 2005 bought out IBM's PC division for $1.25 billion, will now grapple with a galvanised Acer Inc., which replaced the Chinese firm as the world's third-largest PC maker in the January-March quarter.




And it might have to wage a price war with Dell, which introduced a PC for as little as 2,599 yuan in the world's second-largest PC market, Lenovo's home turf.


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