Bad News For IBM May Be Good News For Monitise Plc

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Mark Melin
Published on
Updated on

Bad news for International Business Machines Corp. (NYSE:IBM) might translate into good news for Monitise Plc (LON:MONI) (OTCMKTS:MONIF), the U.K.-based software developer for mobile banking systems that has been previously reported on in ValueWalk. IBM’s earnings woes caused by industry-wide shifts In a new BTIG Research report, analyst Mark Palmer disputes the mainstream reports the reason for IBM’s earnings woes were due to the fact big blue didn’t keep up with industry-wide shifts in technology.  Not only is this the wrong issue, but its misdirection covers up the real opportunity. In International Business Machines Corp. (NYSE:IBM)’s comments after the earnings…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.