IBM Downgraded by S&P as Deal Spree Clouds Ability to Cut Debt The credit rater expects IBM to pursue additional takeovers to bolster its hybrid cloud and artificial intelligence capabilities.
Bloomberg | May 06, 2021
Molly Smith and Molly Schuetz (Bloomberg) International Business Machines Corp. was downgraded by S&P Global Ratings because an acquisition spree adds doubt to the company’s timeline for reducing debt.
S&P cut IBM one notch to A- with a stable outlook, according to a report Thursday. The credit rater expects IBM to pursue additional takeovers to bolster its hybrid cloud and artificial intelligence capabilities. Coupled with the planned spinoff of its managed infrastructure services business, there’s uncertainty IBM can reduce leverage to a certain level in the next year or two, S&P said.
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International Business Machines Corp (NYSE: IBM) started as the computing, tabulating, and recording firm in the late 1800s. Its first major contract was to supply equipment for the tabulation and assessment of the U.S. census in 1890. The company grew over the years and become a leading supplier of computer systems in the late 1990s. However, the company has shifted its focus to cloud computing and AI in recent years. Its current product portfolio ranges from IT services and cloud offerings to artificial intelligence and enterprise software.
The Insolvency Service welcomes new chair and board members
A new Chair and three new non-executive board members have been appointed to the Insolvency Service Board, providing strategic leadership to the agency.
From:
3 May 2021
Incoming Chair, Mark Austen, will be joined by Gary Kildare, Samantha Durrant and Rob Hunt on the Insolvency Service Board.
The new non-executive board members, together with Mary Chapman who is continuing in her role on the board, will work closely with the Insolvency Service’s senior leadership team to provide strategic leadership and governance for the agency.
The Insolvency Service’s Chief Executive, Dean Beale, said:
CISO Leadership: The Evolving Threat Landscape That Requires a Fresh Mindset Will Drive the Discussion at the 2021 HMG Live! New York CISO Executive Leadership Summit on May 6
Speakers and attendees in this highly interactive event will also explore why a fresh mindset needs to be applied to supply chain operations, and what’s required to cultivate a connected culture into the future – including one that embraces diversity, equity and inclusion.
May 03, 2021 13:15 ET | Source: HMG Strategy HMG Strategy Westport, Connecticut, UNITED STATES
WESTPORT, Conn., May 03, 2021 (GLOBE NEWSWIRE) HMG Strategy, the World’s #1 digital platform for enabling technology executives to reimagine the enterprise and reshape the business world, is excited to be hosting its
Author Bio
Inculcated into the world of finance as a child by his value-investor father (who achieved millionaire status through his stock investments), Robert Izzy Izquierdo has followed, bought, and sold stocks for decades. As a technologist who has worked at large Silicon Valley tech companies to cutting-edge startups, Izzy pursues his dual passions as digital media domain expert by day, and Wall Street wanderer by night. Born from this seeming dichotomy is Izzy s focus on tech industry stocks, which have resulted in gains of 715% (Facebook), 368% (Yelp), 253% (LinkedIn), and 227% (Yahoo), among others.
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IBM (NYSE:IBM) is in the midst of a turnaround after years of revenue declines. The company is shifting its focus toward cloud computing and artificial intelligence (AI).