That should get some favorable press, maybe give the tech sector a little kick in the ass for the early part of the week.
Ibm Paid an extremely heavy premium for this company...... Overpaid by billions and billions....should have waited and paid half the price.....only winner is red hat.....ibm is trying too hard with this buyout to play catch up to the bigger players in the sector.
11 times sales it looks like. To keep things in perspective, WS was paying that for FB and NFLX stock all day long a month ago. They are about 9X sales now. Not apples to apples though. Software-wise here's a few... Shopify trades at 15X. TTD at 13X Adobe at 14X Intuit 9X CRM 9X So not crazy expensive. Zuckerberg paid 1900X sales for WhatsApp. Apple stole Beats at 3X. So who knows. Gotta think Big Blue knows whats up. But I bet they get hit tomorrow.
I like how someone bought 364 of next weeks $125 calls for .45 Nothing like turning $16K into $2.4 Million in a week with a little inside info maybe? I guess the SEC is busy with Elon and his Tweets.