IBM Finalizes SoftLayer Purchase and 2 Other Dow Movers To Watch
International Business Machines Corp. (NYSE: IBM): Current price $194.88
IBM announced the completion of its purchase of the privately-held computing infrastructure firm SoftLayer Technologies on Monday. On June 4, IBM reported it would acquire SoftLayer, with financials not disclosed. SoftLayer now joins IBM’s new cloud services arm, which combines it with IBM SmartCloud into a world platform. The new unit will be led by General Manager James Comfort and will provide a wide array of choices to both IBM and SoftLayer clients, ISVs, and channel and tech partners.
Hewlett-Packard Co. (NYSE: HPQ): Current price $25.20
HP reported Monday that EastWest Bank has selected its Converged Infrastructure through which to supply a modern, flexible foundation to keep up with business demands and transition to a private cloud. After exlporing solutions from IBM and EMC, EastWest Bank chose HP Converged Infrastructure to streamline its information tech operations, lower costs, and scale its IT infrastructure in response to growing customer transactions.
UnitedHealth Group (NYSE:UNH): Current price $67.46
In its July 8 edition, the business weekly Barron’s said that UnitedHealth shares might rise by 40 percent during the next two years while Obamacare is being fully implemented, explaining that the insurer appears better positioned for the revamping of the U.S. health care system than its rivals Aetna and Cigna due to its combination of high-growth businesses and increasing profit margins. Analyst Chris Rigg at Susquehanna Financial Group said that by 2015, UnitedHealth’s Optum line of health-plan businesses will make up 29 percent of its operating earnings, up from 16 percent in 2012. Barron’s wrote, “Its Optum business will help drive down costs for its health plans, giving it a competitive edge.”
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