Services Sector Review: IBM First in China, OshKosk B’gosh Sales Up 11%

Carter’s, Inc. (NYSE:CRI): Reports Q4 OshKosh B’gosh retail segment sales up 11.9% to $89.3M

The shares closed at $48.57, up $4.88, or 11.17%, on the day. Its market capitalization is $2.85 billion.

Google Inc. (NASDAQ:GOOG): On February 24 it was reported that Google (NASDAQ:GOOG) plans to sell the 29,411,765 shares of Class A Common Stock of Clearwire (NASDAQ:CLWR) it holds (NYSE:A) to the other Reporting Persons and/or the Intel (NASDAQ:INTC) Entity A, Intel Entity B, Intel Entity C, Intel Capital, Intel Cayman, and Middlefield pursuant to Section 3.3 of the Equityholders’ Agreement or (NYSE:B) if the Reporting Persons or the Intel Entity A, Intel Entity B, Intel Entity C, Intel Capital, Intel Cayman, and Middlefield do not elect to purchase all of such shares within the specified time period, in one or more public open market transactions on the NASDAQ Stock Market. It was further reported that to the extent that such sales are conducted by means of one or more public open market transactions, such sales will be made beginning on or about February 27 in such amounts and over such time period as determined by Google and in compliance with all applicable securities laws. Intel does not directly own any shares of Class A Common Stock of Clearwire. As of February 29, by reason of the provisions of Rule 13d-3 under the Act, Intel is deemed to beneficially own and to share voting and investment power with respect to 94,076,878 shares of Class A Common Stock that are beneficially owned.

The shares closed at $618.25, down $0.14, or 0.02%, on the day. Its market capitalization is $201.02 billion.

Intl. Business Machines (NYSE:IBM): IBM announced the opening of the first-ever server remanufacturing center in China. The new center, located in Shenzhen, will help reduce the impact of e-waste on the environment by extending the life of older IT equipment that otherwise would go into landfills. IBM will also buy back select IBM Power Systems from clients as they upgrade to new IBM equipment.

The shares closed at $196.73, down $1.25, or 0.63%, on the day. Its market capitalization is $231.87 billion.

AT&T Inc. (NYSE:T): Comments taken from Deutsche Bank 2012 Media and Telecom Conference.

The shares closed at $30.59, up $0.06, or 0.2%, on the day. Its market capitalization is $181.36 billion.

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.

To contact the reporter on this story: Stella Mariz at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com