IBM Loses Fight With Amazon Over CIA Cloud Contract and 2 Other Dow Movers to Watch
International Business Machines Corp. (NYSE:IBM): Current price $185.80
A judge for the U.S. Court of Federal Claims has given Amazon (NASDAQ:AMZN) clearance to immediately resume work on a project to build a private cloud for the Central Intelligence Agency, worth as much as $600 million over 10 years, according to Frank Konkel at Federal Computer Week. This venture marks Amazon’s first “private” cloud and could be a game changer in a fledgling market that’s already generating some $131 billion in 2013, market research firm Gartner says. IBM had put in a competitive offer and subsequently protested the CIA contract. However, court documents indicate that Amazon’s bid was $54 million more than IBM’s, but the latter was selected by the CIA because the agency considered the tech superior.
Microsoft Corp. (NASDAQ:MSFT): Current price $33.97
According to The Verge, Microsoft is updating its Fresh Paint drawing application for Windows 8.1 with some important alterations. The most recent update will debut October 18, concurrent with the Windows 8.1 release; included is a new watercolor mode, graphite pencil set, and a fresh user interface. Besides that, Microsoft is also enhancing stylus pressure and rendering of watercolors, and will bring a “large refresh” to the Fresh Paint Windows Phone version on Monday. Fresh Paint allows users to draw original pieces, color in built-in templates, and trace over any image.
Coca-Cola Co. (NYSE:KO): Current price $37.60
Coca-Cola will post its third-quarter results on Tuesday, and they are expected to show whether the company was able to increase its sales during unstable economic conditions. Investors will most likely pay close attention to how Coca-Cola’s sales volume performs in its flagship North American market. Americans have been recently cutting back on soda, but the company has managed to continue pushing sales by diversifying its portfolio to keep up with changing tastes.