IBM Sees Lotus Eroded and 3 Dow Movers to Follow
E.I. DuPont de Nemours & Company (NYSE:DD): Current price $47.85
In a statement, the company said that, “Reflecting the change in reporting for the cost of non-operating pension and other post-employment benefits and excluding significant items, 2012 operating earnings were $3.77 per share. On the same basis, the 2013 outlook for operating earnings is $3.85 to $4.05 per share, an increase of 2 to 7 percent over the prior year. First half 2013 operating earnings are expected to decline modestly on a year-over-year basis. Additionally, full-year 2013 sales are expected to be about $36 billion.” The 2013 consensus estimates are $3.84 and $35.99 billion, respectively.
General Electric Company (NYSE:GE): Current price $21.99
The automobile maker BMW Group has once again installed four Jenbacher J616 cogeneration modules made by GE’s Gas Engines distributed power tech at BMW’s Regensburg factory in Bavaria. The cogeneration plant is generating 10.7 megawatts of reliable on-site power and providing around 30 percent of the factory’s energy requirements. In addition to supplying electricity, the cogeneration plant is capturing and employing 9.6 MW of engine waste heat in support of the factory’s production processes.
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Hewlett-Packard Company (NYSE:HPQ): Current price $17.20
Just days before the firm went forward with its $11 billion software deal for the British software maker Autonomy Corp., a purchase almost immediately regretted, it missed an opportunity to get out of it, says the Wall Street Journal. During a talk with an H-P delegation, outside auditors for Autonomy mentioned that an executive there had raised a claim of improper accounting at the firm, according to sources, who said the auditors added that the allegation had been found to be groundless. However, the H-P executives never passed this tidbit on to their board or chief executive.
International Business Machines Corp. (NYSE:IBM): Current price $195.27
Back in 1995, IBM acquired the email pioneer Lotus for $3.5 billion. The company does not specify how much revenue the Lotus franchise brings, but the tech-research firm IDC estimates the software accounted for about $1.2 billion of revenue in 2011. However, that franchise is being eroded, says the Wall Street Journal, as the FAA started using Lotus Notes as its main email program in 2001, and announced in June a $91 million contract to transfer its 60,000 FAA employees and contractors to a new Microsoft email and communications system. Over the past few years, like moves have been made by customers.
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