Diamonds and Dogs
Big Blue up in the clouds. IBM (IBM) is up 4% following better than expected earnings as the merger with Red Hat helped lift sales particularly in the cloud computing space. Total cloud revenue came in at $23.5 billion up 20% in the last year.
Tech taking a breather. After a torrid run, the tech space is lower. Software firm, Adobe (ADBE) is down a percent even as they announced the teaming up with IBM to make and market software for banks to make customer data easier to handle in these tough regulatory times.
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