News
PALO ALTO, CA -- IBM recently held an analyst meeting in New York that provided an update on the company's view of IT spending trends, an overview of its strategic positioning, actions it is implementing to take advantage of market opportunity, a recap of the 1Q miss, and an update on recent business trends.
According to Deutsche Bank analysts, the actions IBM is taking to drive standardization and cost reduction in services will better position the company for profitable share gains. In the near term, recent improvement in bookings trends (in both services and hardware) provides greater visibility on near-term performance.
In addition, DB states that benefits from restructuring, new product cycles in servers and microelectronics, and a potential mainframe cycle could support a solid 2H EPS recovery.
PALO ALTO -- In a report released on Forbes.com, research firm Banc of America Securities said Agilent Technologies' new management may consider spinning off its Automated Test or Semiconductor Products businesses.
Banc
of America said: "These businesses have the lowest operating margins
and suffer the biggest swings in revenues making them more difficult to
manage."
The group cautioned that spinning off low margin businesses may not help the stock price.
"The
remaining businesses will deliver a higher blended margin," the
research firm said. "But operating margins for the remaining businesses
will be at or below comparable companies in those segments."
Agilent's
representatives declined to comment, citing a company policy to "not
endorse or respond to any third-party research or opinions."
"I think the Representatives are becoming attuned to manufacturing and our industry," Matt Holzmann, president of Christopher Group, told Circuits Assembly. "There's a growing awareness that [manufacturing] is our middle class."
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