Introduction: The base of a fruit of Lai of MarketWatch columnist general (Therese Poletti) writes civil introduction, IBM will hold its analyst meeting in California, and the company of science and technology to Silicon Valley of people of talent has year of their hundred success history to draw lessons from a meaning gravely apparently, even if be,Microsoft and apple also cannot overlook.
The following namely comment article full text of Pulaidi: resealable bags
This IBM week began them swim on the west, and this one itinerary in the center, they want an apple probably (the backyard of AAPL) goes loot its investor.
resealable bagsPass through in this among the journey of land, headquarters is located in the tycoon of science and technology of Armonk of new York city to be able to make free scooby c the most popular canon ef 15mm ostume common people probably sufficient realise, when the malic company look that is located in Nuo of the base of a fruit of California grave Po with headquarters is compared, everybody is applied to what cash lays in is one of the majorrest difference.
Most moment, the analyst meeting of IBM(IBM) is held in new York. Can be now, this company decides to transfer meeting of wall street analyst Almaden of holy He Sai to study about 20 miles place is held near the lab however, in return ready money return partner this respect, their footing but with malic polarity.
"We discover, the choice of this one place is an absorbing t memory laptop toshiba hing, after all, since a long time, they walk out of new York rarely commonly. " a research that Wu Xiao of Sterne Agee analyst is presenting a client says so among the report. A spokesman of IBM expresses, although first time is really on company history,analyst meeting is held in Almaden, but once also had gone before them, had been to oneself to be in 2007 for instance research base of India.
Especially notable is these two companies the difference on a few major problems, in fact, before IBM sells his personal computer business, they once were the competitors of give tit for tat. Among 2012, although the battalion of IBM closes,be place footfall, but they still achieved the profit growth of 10% hard, and achieved return partner the model that returns investor. Hold is not little the Buffett of blue giant stock (Warren Buffett) once had said, IBM becomes the investment target of rich appeal, return return ready money this are one of main reasons. Buffett still will increase the share that held this firm last year in November.
The report included the year of IBM to free memory laptop toshiba came 2011 the target 2015 " route chart " content, between this report, IBM exposure says, since 2000, they had passed on ready money of nearly 150 billion dollar to partner, paid 26 billion dollar dividend, will issue outer share sum total to cut down more than 35% . They still predict, up to 2015 before the end of the year, still will continue to return return ready money 70 billion dollar.
brass faucetAuspicious of offer of family of Bernstein Research analyst Sa (Toni Sacconaghi) is right between research report IBM, Microsoft and capital strategy of the apple undertook comparative, point out: "IBM is returned on one hand returning ready money, still be in on one hand buy and digesting different company, the business that allows oneself is more dedicated the direction at software and service. " . Under photograph comparing, microsoft (MSFT) always is apt undertake cost does not poor buy trade, and will most cash is laid in maintain overseas.
As to the apple, although had been the cosset of wall street no longer, but they continue to maintain standing position to do not have change on this problem. In presiding apparitor the library is overcome (below the command of Tim Cook) , they begin to extend afresh quarterly dividend, and also began a stock to counter-purchase, but dimensions still is in their cash to grow continuously, and among reserve of ready money of 137 billion most popular selling brooch pins dollar, exceed 90 billion to take place abroad. On shareholder annual meeting, kukean strokes investor to say the board of directors is in " special actively discusses " the issue that how handles ready money, but reject to offer any further comments however.
Sakenaji thinks, to the apple, relatively appropriate choice or is home of carry back of will overseas financing and pay taxes, or is issue bond with this for the foundation, but malic place is not the best selling memory laptop toshiba willing to do this, they hope to see the change of policy of American duty Wu more. Sakenaji expresses: "We hope the apple issues bond, and the apple can be in completely the stock of 12% is counter-purchased while future issues bond of 50 billion dollar inside 5 years, perhaps let dividend yield break up one time. Perhaps let dividend yield break up one time.. loony tunes golden
He still points out, IBM returns ready money returning partner is a kind of tradition, this respect is gotten reliably than Microsoft much, latter is ability began to extend 2003 of dividend, it is IBM counter-purchases the free memory card digital cameras tradition of the stock to be done not have only so reliable. Meanwhile, 68 billion dollar lays in Microsoft the one part in the center is used in extravagant buy above, for instance they once opened up endowment 6.3 billion dollar buys AQuantive of Internet ad firm, and later 6.2 billion dollar plan entered expenditure.
Return the company the best selling brooch pins of cash to those is willing that return, investor can give commend and award. Sakenaji points out, be filled with with current city rate for the standard, IBM share price than Microsoft tower above nearly 30% .
The analyst meeting of IBM will enjoy one of labs of global great reputation to hold in the company, investor predicts to include presiding apparitor Luo Rui orchid (Ginni Rometty) inside company tall valve will introduce a company be mixed at present in detail till the innovation 2015 is arranged,did not come. Analysts predict company operation gain will reach every about 20 dollars 2015. The Wu Xiao of Sterne Agee points out, IBM is in the show that two digit increase profit was created among 10 years in the past, such " achievement has very little company ability to achieve only, can saying even is unique " .
This company has his distinctive business pattern, always can sell an enterprise the client together, include to be maintained to be early by a lot of people even among them will the large scale computer of die out. Such business suffers covet quite all the time, there also are a lot of people in Silicon Valley imitating all the time, but however hard answer engrave its to succeed, HP also theres is no lack of among the copyist of this failure (such HPQ) part.
Anyhow, when blue giant westing, this company that has history of a many century has many things to be able to teach the small character of Silicon Valley generation apparently. (Child Jin)
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