IBM (NYSE:IBM) has been chosen to provide computer systems to Saudi Business Machines.
IBM (NYSE:IBM) Smarter Systems
In an exclusive event held in Riyadh, as part of a global tour, one of the world’s leading computer systems made its debut to the market. Its “Smarter Systems” series from IBM (NYSE:IBM) were brought to the Kingdom by Saudi Business Machines (SBM).
One executive who participated in the event said, “Many organizations are trying to drive long-term savings and sustained growth and are looking to new technologies to accomplish this. By optimizing IT resources, these organizations can reduce complexity while improving performance to handle the increased number of transactions. We see IBM’s (NYSE:IBM) optimized system addressing this to help ensure these organizations stay on that path of growth.”
IBM (NYSE:IBM) shares was at 144.51 at the end of the day’s trading on 12/20/2010. There’s been a 11.4% change in the stock price over the past 3 months.
If you’re contemplating investing in IBM (NYSE:IBM) shares, make sure you take a look at this analyst advice, from a broad range of industry specialists:
Consensus Opinion: Moderate Buy
Mean recommendation: 1.59
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.65
Zack’s Rank: 8 out of 22 in the industry
We’ll be keeping a close eye on the IBM (NYSE:IBM) stock level for developments over the next couple of weeks.
