Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, June 7, 2013

Article Excerpt

INTERNATIONAL BUSINESS MACHINES CORP., $206.35, New York symbol IBM, is paying an undisclosed sum for SoftLayer Technologies. Based in Dallas, Texas, this privately held firm sells online data-storage space and related services to 21,000 business clients. It has 13 data centres in the U.S., Asia and Europe. IBM expects to complete this purchase by September 30, 2013. Demand for cloud computing, which mainly involves storing data on remote, secure servers, is growing strongly. That’s because it gives cost-conscious businesses access to better services and software without the high cost of buying and setting up their own servers. SoftLayer’s technology will enhance IBM’s cloud-computing expertise and help it increase its annual revenue from this field to $7 billion by 2015. To put that in context, IBM’s total revenue was $104.5 billion in 2012. IBM is a buy. Please make sure you are logged in to your account to access these articles. Click here if you’ve lost your password. IBM was recently covered in the May 2013…