NEW YORK, June 27, 2013 /PRNewswire/ --
Today, Wall Street Reports announced new research reports highlighting International Business Machines Corp. (NYSE: IBM), sTec Inc. (NASDAQ: STEC), Keynote Systems, Inc. (NASDAQ: KEYN ), MicroStrategy Incorporated (NASDAQ: MSTR) and Cray Inc. (NASDAQ: CRAY). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
International Business Machines Corp. Research Report
On June 24, 2013, International Business Machines Corp. (IBM) announced a new services center in Lille, France that will create up to 700 French-language IT roles in the coming three to five years. The new establishment will allow the Company to offer a range of technology services to clients across France. IBM Services Center Lille, a wholly owned subsidiary of IBM, will operate the new services center, providing local clients with application development, application maintenance, and systems integration services that address the increasing demand for flexible software capability to reap the benefits of emerging Big Data, cloud, and mobile business technologies. Further, IBM stated that the center will offer its French clients locally based skills and technical expertise to drive innovation and adoption of new technology, and provide direct proximity while working in tandem with IBM's globally integrated capability network. The center will also work with local universities to support development of the computer science curriculum and help the next generation of IT talent secure world class training. The Full Research Report on International Business Machines Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/114b_IBM]
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sTec Inc. Research Report
On June 24, 2013, sTec, Inc. (sTec) and Western Digital Corporation (Western Digital) announced that they have signed a definitive merger agreement under which sTec will be acquired by HGST, a wholly owned subsidiary of Western Digital, for c.$340 million in cash (equal to $6.85 per share). This represents an enterprise value of approximately $207 million, net of sTec's cash as of March 31, 2013. According to the sTec, the Company's engineering talent and intellectual property will complement HGST's technical expertise and capabilities. HGST will continue to support existing sTec products and collaborate with its customers to understand their future requirements. The Board of Directors of sTec unanimously approved the merger agreement and will recommend sTec shareholders to approve the transaction at the upcoming shareholder meeting. The directors and executive officers of sTec have entered into separate voting agreements under which they have agreed, subject to certain exceptions, to vote their respective shares in favor of the proposed transaction. sTec expects the transaction to close in Q3 2013 or Q4 2013. The Full Research Report on sTec Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/33e1_STEC]
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Keynote Systems, Inc. Research Report
On June 24, 2013, Keynote Systems, Inc. (Keynote) announced that it has entered into a definitive agreement to be acquired by an affiliate of a leading private equity investment firm, Thoma Bravo, LLC in an all-cash transaction valued at approximately $395 million. Under the terms of the agreement, pending shareholder approval, Keynote stockholders will receive $20 in cash for per share of the Company's common stock, representing c.48% premium over the Company's closing price on June 21, 2013. Keynote expects the transaction to close before September 30, 2013. The Full Research Report on Keynote Systems, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/8ebf_KEYN]
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MicroStrategy Incorporated Research Report
On June 19, 2013, MicroStrategy Incorporated (MicroStrategy) announced that it has teamed up with Hortonworks, a leading open source contributor and provider of Apache Hadoop, to advance big data analytics. MicroStrategy said that it has certified the Hortonworks Data Platform (HDP) 1.3 with MicroStrategy 9.3.1 in order to provide a solution that enables business users to quickly and easily leverage Hadoop data sources and perform advanced analytics that improve decision-making. Shaun Connolly, Hortonworks' Vice President, Corporate Strategy, said, "Hortonworks is pleased to be partnering with BI industry pioneer MicroStrategy to help companies with their big data initiatives." According to the Company, Hortonworks also joined the MicroStrategy Technology Partner Program in order to have access to MicroStrategy technology, technical resources, marketing, and sales support to further accelerate Hadoop as the next-generation data platform. The Full Research Report on MicroStrategy Incorporated - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/76ee_MSTR]
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Cray Inc. Research Report
On June 18, 2013, Cray Inc. (Cray) announced the launch of Cray Cluster Connect, a complete Lustre storage solution for x86 Linux clusters. According to the Company, Cray Cluster Connect allows customers to use their Linux compute environment of choice, while also leveraging Cray's scalable storage expertise in Big Data and supercomputing. It provides customers with a complete end-to-end Lustre solution consisting of hardware, networking, software, architecture, and support. Cray also informed that its customers can select from a wide range of storage options, including block storage components from DataDirect Networks and NetApp, as well as the Cray Sonexion storage system. It also includes the Lustre Client by Cray for x86 Linux, a choice of Cray supplied Lustre storage systems (both appliance and component-based offerings), and also data management and storage connectivity tools for data movement, archiving, and management. The Full Research Report on Cray Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/839c_CRAY]
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SOURCE Wall Street Reports