Previous Close | 2.8500 |
Open | 2.8500 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 14.00 |
Expire Date | 2024-05-24 |
Day's Range | 2.8500 - 2.8500 |
Contract Range | N/A |
Volume | |
Open Interest | N/A |
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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."
Barclays analysts lifted their rating on the telecom stock to Overweight from Equal Weight on Monday.