Previous Close | 4.2400 |
Open | 4.2400 |
Bid | 3.2500 |
Ask | 4.6500 |
Strike | 130.00 |
Expire Date | 2025-06-20 |
Day's Range | 4.2400 - 4.2400 |
Contract Range | N/A |
Volume | |
Open Interest | 75 |
A federal appeals court on Tuesday overturned a judgment requiring IBM to pay rival BMC Software $1.6 billion, after a judge found IBM improperly replaced BMC's mainframe software at AT&T with its own. The 5th U.S. Circuit Court of Appeals in New Orleans said a lower court judge's determination concerning liability was in error. Writing for a three-judge panel, U.S. Circuit Judge Edith Jones said AT&T, one of BMC's biggest clients, had switched to IBM software "independently" and that BMC had "lost out to IBM fair and square."
(Reuters) -A federal appeals court on Tuesday overturned a judgment requiring IBM to pay rival BMC Software $1.6 billion, after a judge found IBM improperly replaced BMC's mainframe software at AT&T with its own. The 5th U.S. Circuit Court of Appeals in New Orleans said a lower court judge's determination concerning liability was in error. Writing for a three-judge panel, U.S. Circuit Judge Edith Jones said AT&T, one of BMC's biggest clients, had switched to IBM software "independently" and that BMC had "lost out to IBM fair and square."
The IBM (NYSE: IBM) board of directors today declared an increase in the regular quarterly cash dividend to $1.67 per common share, payable June 10, 2024 to stockholders of record as of May 10, 2024.