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Risk-to-Price Commentary: Fiserv Inc. And International Business Machines Corp. Jan 11 Product Image

Risk-to-Price Commentary: Fiserv Inc. And International Business Machines Corp. Jan 11

  • ID: 1784304
  • January 2011
  • Region: Global
  • Standard & Poors

FEATURED COMPANIES

  • Computer Sciences Corp.
  • CoreLogic Inc.
  • Fiserv Inc.
  • Western Union Co. (The)
  • MORE

Abstract
International Business Machines Corp. (IBM) reported its eighth consecutive year of double-digit earnings growth Tuesday thanks to an uptick in service contract signings, portending greater future revenue. It also said its services backlog in the fourth quarter rose by $5 billion to $142 billion. The news cheered investors, who bid up IBM shares by 2.7% in Wednesday intraday trading. An analyst quoted by Reuters said the report indicated that customers are confident enough in the economic recovery to sign multiyear contracts. IBM also issued the third-highest-scoring bond in our recent Risk-to-Price (R2P) screen of North American information technology (IT) services companies. Its $750 million 8.375% note due Nov. 1, 2019, scored 131.1, which placed it in the first quartile and...

Companies mentioned in this report are:
- Computer Sciences Corp.
- International Business Machines Corp.
- Fiserv Inc.
- Western Union Co. (The)
- Broadridge Financial Solutions Inc.
- CoreLogic Inc.

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns READ MORE >

- Computer Sciences Corp.
- International Business Machines Corp.
- Fiserv Inc.
- Western Union Co. (The)
- Broadridge Financial Solutions Inc.
- CoreLogic Inc.

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