IBM tightens its focus

Article Excerpt

IBM, $146.86, is still a buy. The company (New York symbol IBM; Shares o/s: 911.0 million; Market cap: $133.4 billion; TSINetwork Rating: Above Average; Dividend yield: 4.5%) has now agreed to sell its weather business to private equity firm Francisco Partners. The sale price has not yet been disclosed. The deal includes The Weather Company’s consumer-focused assets such as Weather.com and Storm Radar, as well as offerings for industries including media and aviation. Meantime, IBM will retain its sustainability software business, including its Environmental Intelligence Suite (EIS), to help clients curate, measure, report and operationalize ESG (Environmental, Social and Governance) data for decision making. The company intends to continue using The Weather Company’s weather data for EIS for tracking changes in land use, monitoring natural disasters and predicting crop yields. IBM remains a buy. buy…