But the new name choice for the standalone unit has raised some eyebrows in the IT industry.
IBM says that the kyn part of the name comes from the word kinship , whereas dryl stems from tendril , which the Cambridge Dictionary defines as a thin, stem-like part of a climbing plant that holds on to walls or plants for support .
Big Blue says the name represents its belief that relationships with people are the centre of its strategy and that the dryl part of the name should conjure images of new growth and working with partners and customers to advance human progress .
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The new IBM is all about the cloud (IBM): Storied tech-giant IBM has languished for years. Over the last decade, shares are down 18% massively underperforming the
S&P 500 s over 200% return in that span of time. Even a big dividend payment, currently yielding 4.9% a year, was little more than a consolation prize.
But I think now s the time to pay IBM some attention again. The company purchased cloud-computing company Red Hat back in 2019 to supercharge its efforts in this fast-growing arena, laying the foundation for a return to growth and making IBM a leader in next-gen computing.
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Major mergers and spin-offs by IT service providers are rare, but when they occur (e.g., Xerox’s acquisition of ACS in 2010 and Atos’ subsequent acquisition in 2014, HPE’s 2017 spin-off of its Enterprise Services business and merger with CSC in the form of DXC), pause and consider your options. These are major corporate events that generally redirect a supplier’s focus and internal attention on change management, creating a new business model and developing a corporate culture not easy stuff and in some cases can have a direct impact on “how” and “how well” services are provided to customers. At a minimum, important contracting work may preserve commitments and benefits of your existing deal.
Credit Suisse s Americas team just rolled out a string of those ideas, as well as stocks to avoid, by having their analysts identify their highest-conviction names in every major market sector. They then narrowed the search further by applying the firm s HOLT framework to find top-rated stocks facing the least demanding market expectations.
Credit Suisse evaluated those market expectations by looking at the difference between the cash flow return on investment, or CFROI, the market currently expects and both the 12-month forecast for CFROI and the companies historic five-year CFROI.
The firm s process also included comparing the analysts earnings forecasts and target price estimates to the analyst consensus, and measured a level of consensus bullishness based on buy, sell, and hold ratings.
The Bear Case for IBM Is More Compelling Than the Bull Case yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.