4 Tech Stock Stories for a Thursday Investment Download
International Business Machines Corporation (NYSE:IBM): Current price $210.98
The growth in sales of CommVault Systems from data-management software could entice offers from such giants as IBM, in what would be the industry’s most expensive deal in a decade, according to Bloomberg, which also reported that the software firm’s sales are forecast to jump by 33 percent during the next two years, which is faster than 81 percent of similar-sized firms.
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Red Hat (NYSE:RHT): Current price $47.79
The company has named a new leader for its virtualization technologies and solutions. Radhesh Balakrishnan, who was previously at Microsoft (NASDAQ:MSFT), will become the world head of Red Hat’s virtualization infrastructure solutions, including responsibilities for its Red Hat OpenStack and Red Hat Enterprise Virtualization technologies and solutions.