Wednesday, October 13, 2010
A Tech Giant That Runs Like A Machine (NYSE: IBM)
International Business Machines Corp. (NYSE: IBM), the information and technology giant, jumped through $140 per share on news that strong corporate spending would help the innovative company continue to increase its revenue. IBM, which works in all sorts of businesses and now focuses on building a smarter planet announced that it acquired PSS systems, a privately held data management company. IBM is also working on smart grid applications and is doing some work with electric and gas metering in Nevada. The company is truly operating on all cylinders.