Tech Biz Review: IBM Partners With AT&T, Amazon’s Streaming Deal With Epix
International Business Machines Corporation (NYSE:IBM) and AT&T (NYSE:T) collaborate to offer a solution that includes the former’s cloud storage and information tech services and the latter’s telecom network. This linkup appears to be the “closest relationship” that IBM has ever formed with a phone carrier, says Bloomberg, noting that the firm’s offerings sometimes compete with the value-added services provided by ‘telcos’. Spending on cloud storage spending is soaring and the firm hopes to generate $7 billion in cloud-related revenue in 2015.
Citi starts both Lexmark International (NYSE:LXK) and Dell (NASDAQ:DELL) at Sell as part of a broader information tech hardware coverage initiative. The analysts are concerned about the impact of the bring-your-own-device trend, which favors Macs over Windows systems, on Dell, which once again is seeing near multi-year lows.
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Amazon.com’s (NASDAQ:AMZN) streaming arrangement with Epix appears to have contained interesting terms as an executive involved in the discussions told Reuters that Epix will receive a payout above its fixed up-front fee should Amazon’s streaming subscriptions surpass a certain threshold.