Speech at Georgetown University on thursday. And the huawei perspective. On 5g, securities concerns and more. But first, our top story. Percent six and a half 6. 5 . S comes after posting the consecutive quarters for slower sales. Line start with the top where there is not enough growth for red hot red hat to offset the cost. This is one word expectations. If you look at ibms core business, they are managing it for profitability as if they can. As people build the hyper cloud infrastructures, there needs in the Core Technology space, those change. They will need to drive efficiency in that area and automate where they can, Deploy Technology that allows them to , so less costs in that area they can stabilize that part of business. To say stabilized is no overstatement. Business was not able to grow in revenue terms. When do you need to see it filtered through to the bottom line . You look closely, we are starting to see it now. What that means is you have a red hat product that is put t
We have more on his appearance, plus reaction. And the huawei perspective. We get thoughts from the chinese telecoms Carrier Business Group on 5g, securities concerns and more. But first, our top story. Ibm fell as much as 6. 5 , the most since october 2015. This comes after the fifth consecutive quarter for posting slower sales. Joined by my am guest. Lets start with the top line decrying. Is there not enough growth from red hat to offset the cost in that core business . Yes. Frankly, this is a question of one word, which is expectations. There are a lot of expectations for red hat that paid a lot for the Company Going forward. If you look at ibms core business, they are managing it for profitability as best they can. But the Global Services segment has historically been a profit driver and a cash cow. But you have to remember as people build the hyper cloud they moveture, as more of the cloud, there needs to be in the Core Technology space that change. They will need to drive efficie
Good thursday morning. Welcome to squawk alley. With Morgan Brennan and jon fortt at the New York Stock Exchange we watch the markets being whipped by some of the trade headlines. We also have two big ipos in focus today as well. We await the first trade of smile direct club. Lets bring in bob pisani to talk about that and overall iep landscape. We heard valuation is not there, does this mean the ipo market is overrated. Slack, first earnings report, growth wasnt as strong as people thought, not a good idea, growth is not as strong. Some software companies, now theres jitteriness. This week we had three big names, all being upsized waiting for smile direct to open 19 to 22 pricing at 23 looks like and ten x genomics. Upped it to 38 it opened at 54 talking little more than a week ago, 31 to 35. We open at 55 a gene sequencing company, biotech is a hot space overall we wait tomorrow for cloud fair. Another software company, out there, Website Security and other things, was 10 to 12, 35 m
Industrials, s p up 23, the nasdaq up 1022. Russells got a gain of a 15 points and the transportses a nice move of a full percentage point. Just about anything, we should say, that is chiprelated due in great part to a. I. Momentum is moving higher. Intel is right up there as one of the top performers with a, lets see, 4. 55 gain, that is a good move. Applied materials, up 2. 25 . These are the aaas, aat mat, apply frommed materials and amd. And how about arm . Arm having a strong session. Hpe at the bottom here, it is not specifically e a chip stock the, but it is getting a 3. 5 bump on recordbreaking order at its a. I. Unit. Coming up, ceo with antonio nary is here in a fox business exclusive on the brave new business hes doing in a. I. Okay, so if you noted, i said just about everything chiprelated because we needed to leave room for micron which is going in the opposite direction. Shares of the worlds fourth Largest Semiconductor manufacturer having their worst day since may. Stock
Me jim cramer whenever i speak to a truly Competitive Company theyre playing both offense and defense using the power of digital using the power of technology. They have no choice. If you dont imbrass embrace technology youll be left behind the dow did 9 points s p, zero and nasdaq up. 0 clueless Companies Getting left in the dust because their consumers are going away every november we come out to sales force dream conference ford to learn about this dynamics we come out with open ears and eyes to see what companies are doing. Ask questions to find out whose keeping hold of their turf whose invading the turf. We got time to see them all but we have to if were going to figure out whats going on with this market. The actually play of entrepreneurs that want to take on the like adobes platform, softwares of service as a kind of a force kwaulzer. A Sole Proprietor will say 50 bucks a month ho to the make their Department Look big. Business online, no rent, no expensive employees, infrastr