“While it will take some time to see the merits of this deal manifest and the impact on enterprise hybrid cloud competitive deployments in the field … we believe the combination of Red Hat and its Linux cloud platform with IBM could represent a formidable cloud behemoth for the coming years,” said Dan Ives, an analyst at Wedbush Securities, in a note to clients.
This week, earnings reports for the third quarter will continue with Apple being on of the heavy hitters that could help rally technology stocks further.
“Apple is scheduled to report quarterly earnings on Thursday and analysts who track the company predict— surprise —that the good times are likely to continue for Apple, the world’s most valuable public company,” said Jack Nicas of the New York Times. “Sales of iPhones have leveled off in recent quarters but people have been paying more for each device, sustaining a steady growth rate for the $1 trillion company.”
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