IBM invests in cloud-based video

Article Excerpt

INTERNATIONAL BUSINESS MACHINES CORP. $121 (New York symbol IBM, Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 970.1 million; Market cap: $117.4 billion; Price-to-sales ratio: 1.5; Dividend yield: 4.3%; TSINetwork Rating: Above Average; www.ibm.com) recently paid $130 million for Ustream, a private firm specializing in cloud-based videostreaming services. Its clients include NASA, Samsung, Facebook, Nike and the Discovery Channel. The purchase will help IBM with its plan to bring its analyticssoftware expertise to online video content. This will help its clients make better use of their video libraries and protect their copyrighted material. The company expects the market for cloud-based video services and software to total $105 billion by 2019. IBM is a buy. buy. …