Virginia Rometty

Fed up, IBM’s top shareholders turn to activist investors for help

Annoyed by 11 straight quarters of diminished revenues, IBM’s top shareholders are turning to activist investors in hopes of jostling the company out of its stupor. According to sources familiar with the situation, it seems the shareholders aren’t having much luck as both Jeffery Ubben’s ValueAct Capital and Bill Ackman’s …

READ MORE →
google evil

Google attempting to become MVNO

Google (NASDAQ:GOOG) finally confirmed, after much speculation, that it plans to join the wireless bandwagon as a mobile virtual network operator (MVNO), a move that is part of Google’s Project Nova.  While this news has many investors on the edge of their seats, it may be too much sugar for …

READ MORE →
cisco

Cisco rallies above $30, launches new product at Mobile World Congress

Cisco (NASDAQ:CSCO) stocks have risen 2.2% and in doing so rallied above $30 for the first time since 2007. Shares are up 12% since the networking company surpassed FQ2 estimates and reported 5% Y/Y product order growth on Febuary 11th. Cisco has made several announcements at the Mobile World Congress, …

READ MORE →