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$IBM said that it is continuing to expand the eClient base adding 13 new clients in the quarter. The company had its first major z13 win in China in 2Q16 with a large Chinese bank migrating as mainframe install base to its latest technology. $IBM acquired EZSource which will help clients modify applications for digital transformation.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.