The approach, which involves routing almost all sales in Europe, the Middle East, Africa, Asia and some of the Americas through the Netherlands unit, helped International Business Machines Corp. (NYSE:IBM) as it gradually reduced its tax rate over 20 years at the same time pretax income quadrupled. Then last year, the rate slid to the lowest level since at least 1994, lifting earnings above analysts’ estimates. IBM is aiming for $20 a share in adjusted earnings (IBM:US) by 2015, up from $11.67 in 2010 — a goal made more difficult as the company posted seven straight quarters of declining revenue. International Business Machines Corp. (NYSE:IBM) stock opened at $176.02 in last trading session, and closed at $172.90, trading in the range of $172.72 – $176.02. The stock showed a negative weekly performance of -2.81%.
salesforce.com inc. (NYSE:CRM) Director Craig Conway sold 1,600 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $60.81, for a total transaction of $97,296.00. Following the transaction, the director now directly owns 14,256 shares in the company, valued at approximately $866,907. salesforce.com, inc. (NYSE:CRM) stock decreased -3.40% and finished the last session at $58.47. The EPS of the stock remained -0.24. Company’s market capitalization is $35.26 billion.
Hewlett-Packard Company (NYSE:HPQ) has disclosed to the authorities that it found what it said were serious accounting errors at Autonomy, the British software maker it acquired in 2011, leading to a number of major revisions in the acquired company’s financial report for 2010. Hewlett-Packard Company (NYSE:HPQ) stock opened at $29.06 in last trading session and closed at $28.04. The 52 week range of the stock is $16.03 – $30.13 and the day range was $27.96 – $29.29.
TheStreet Ratings team rates Advanced Micro Devices, Inc. (NYSE:AMD) as a Sell with a ratings score of D+. Advanced Micro Devices, Inc. (NYSE:AMD) shares closed at $3.33 on last trade day, by losing -2.92%. Stock 52 week range is $2.26 – $4.65. Company’s market capitalization is $2.44 billion.
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