IBM breaks silence over STG channel overhaul (ChannelWeb)
International Business Machines Corp. (NYSE:IBM) has vowed that no partner will be left out in the cold as it shifts the majority of its hardware business to a co-sell channel model. As exclusively revealed by CRN in July, Big Blue announced to top Systems & Technology (STG) partners last month that it will stop paying STG sales staff on all but its largest accounts globally, unless the deal is transacted by a partner. Today, International Business Machines Corp. (NYSE:IBM) is confirming the move to its wider partner base. The process is already under way in the UK, where just 23 to 27 of its largest accounts have been designated as “industry” accounts that will be immune from the changes.
U.S. Stock-Index Futures Fall Before Consumer-Confidence Report (SDDT)
U.S. stock-index futures slid, signaling the Standard & Poor’s 500 Index will drop for a second day, as investors awaited data that may show consumer confidence fell and tension grew over possible military action in Syria. Cisco Systems, Inc. (NASDAQ:CSCO) and Microsoft Corporation (NASDAQ:MSFT) declined at least 0.8 percent in early trading, pacing losses in the biggest U.S. companies. J.C. Penney Co. retreated 2.1 percent after Bill Ackman’s Pershing Square Capital Management LP sold its stake in the retailer for $504 million. Tiffany & Co. rose before reporting quarterly results.
Hewlett-Packard Given Buy Rating at Brean Capital (HPQ) (DailyPolitical)
Brean Capital reissued their buy rating on shares of Hewlett-Packard Company (NYSE:HPQ) in a research report sent to investors on Thursday morning, Analyst Ratings Network reports. The firm currently has a $32.00 price target on the stock. Shares of Hewlett-Packard (NYSE:HPQ) traded up 0.69% on Thursday, hitting $22.555. 7,155,831 shares of the company’s stock traded hands. Hewlett-Packard Company (NYSE:HPQ) has a 1-year low of $11.35 and a 1-year high of $27.78. The stock’s 50-day moving average is $25.9 and its 200-day moving average is $22.76. The company’s market cap is $43.509 billion.