IBM’s executive shakeup gets analysts’ stamp of approval
By Friday at 3pm, Big Blue’s shares were trading up by nearly 4.95 percent at $143.52 on the news.
Read MorePosted by WRAL News | Jan 31, 2020
By Friday at 3pm, Big Blue’s shares were trading up by nearly 4.95 percent at $143.52 on the news.
Read MorePosted by WRAL News | Sep 20, 2019
A little more than two months after the open source software firm merged with tech giant IBM in a $34 billion deal, he hinted at an existing clash of culture, albeit in a joking way, only mentioning the firm’s new owners by name once during his 40-minute talk.
Read MorePosted by WRAL TechWire | Dec 18, 2018
Red Hat on Monday reported earnings but its revenue fell just a bit short of Wall Street expectations in its fiscal third quarter that was dominated by the news it had struck a $34 billion deal to be acquired by IBM.
Read MorePosted by WRAL TechWire | Oct 30, 2018
Talk about who will replace Ginni Rometty as chair and CEO of IBM when she retires is not new. But. the deal – from the attractive financial terms for Red Hat to the distinction it would operate as a “distinct unit” within IBM under its CEO Jim Whitehurst and he would report directly to Rometty – only increases that chatter. Is Whitehurst the crown price?
Read MorePosted by WRAL TechWire | Oct 29, 2018
IBM shares have declined through Monday trading as Wall Street investors absorb the impact of Sunday’s announce deal for Raleigh-based Red Hat.
Read MorePosted by WRAL TechWire | Oct 28, 2018
Earlier this afternoon, Red Hat president and CEO Jim Whitehurst shared an email with Red Hat associates, explaining the thinking behind the merger with IBM.
Read MorePosted by WRAL TechWire | Oct 19, 2018
The CEO and president of Raleigh-based Red Hat Inc. has sold $709,000 worth of stock in the software company.
Read MorePosted by WRAL TechWire | Jun 26, 2018
The chief executive officer of open source software company Red Hat Inc. saw a 22.1 percent increase in total compensation during the company’s 2018 fiscal year.
Read MorePosted by WRAL TechWire | Jun 22, 2018
Red Hat saw its stock drop by 12 percent in after-hours trading Thursday after it providing guidance for the second quarter and full year below Wall Street expectations.
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