IBM, Intel, Apple: Pre-Market Movers
NEW YORK (TheStreet) -- IBM
Analysts expect a decent quarter from IBM, which is the first major enterprise IT company to report quarterly results.
Early on Tuesday, Big Blue announced an $850 million deal to sell its retail Point-of-Sale systems and solutions business to Toshiba subsidiaryToshiba Tec. The deal is expected to close late in the second quarter or early in the third quarter of 2012.
As part of the deal, Toshiba Tec is entering into a multi-year agreement to become a premier business partner for IBM's Smarter Commerce offerings.
Shares of embattled Internet giant Yahoo!
Research In Motion
Shares of RIM, which declined to comment on the story when contacted by TheStreet, are down 0.3% before the market open.
--Written by James Rogers in New York.
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