IBM and 2 Dow 30 Stocks Making Moves
International Business Machines Corp. (NYSE:IBM) has revealed improvements to its SmartCloud Services, and reported new customers and partners which exhibit IBM SmartCloud’s position as a leading enterprise cloud platform for business. This comes as companies accept and integrate the transformative power of cloud computing in order to obtain significant advantages.
Intel Corporation’s (NASDAQ:INTC) Itanium chips are the central focus of documents released by Hewlett-Packard (NYSE:HPQ), in relation to its lawsuit with Oracle (NASDAQ:ORCL). H-P’s move is aimed at demonstrating that Oracle, which is the new owner of Sun Microsystems, intends to damage the former’s Business Critical Server division, says AllThingsD.
3M Co. (NYSE:MMM) is concentrating on cutting costs in its huge, complex manufacturing business, after posting disappointing first quarter sales that rose a meager 2.4 percent, reports the Wall Street Journal. 3M produces an estimated number of 65,000 products that are manufactured in 214 plants in 41 countries.
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