Stock Market News for Verizon, Motorola and IBM
To continue to stay ahead of rising demand for wireless voice, 3G multimedia and Internet access in New Haven County, Connecticut, Verizon Wireless has expanded its local network. Earlier this year the company earned recognition from J.D. Power and Associates for “Highest Call Quality Performance among Wireless Cell Phone Users in the Northeast” . – Business Wire
Carl Icahn bought close to 3.3M shares of Motorola, Inc. (NYSE:MOT) for $24.7M as reported by TheStreet.com.
Information Technology giant International Business Machines Corp. (NYSE:IBM) announced the completion of its acquisition of Storwize, a privately held data storage company. The deal was announced in July. The financial details of the acquisition were not disclosed. Based in Marlborough, Massachusetts, Storwize develops online data compression software. IBM pointed out that Storwize also develops technology that reduces the amount of physical space required by companies to store data such as files, databases and images by up to 80%. – Zacks