Annex Research - A Computer Consulting Firm - Bob Djurdjevic

Accenture's Quarter "Par Excellence" (Blowout 4Q Lifts Accenture over EDS to No. 3 in IT World; Bodes Well for Other IT Vendors' 3Q Results)
Screw Taxpayers to Help Bankers (Politicians do not walk their talk, an update to Just Say No to Greed 2)
Press Clips

Also check out...

EDS Acquisition to Lead to Massive HP Layoffs (HP to lay off 24,600 people over three years and take $1.7B charge)

Just Say No to Greed 2 (Proverbial IT babies being thrown out with Wall St bathwater)

HP: "Beat the Street" Drumbeat Continues... (Analysis of HP's third quarter business results)

Big Blue Stock Sags on "New News" Days (Analysis of IBM institutional shareholdings)

IBM Delivers Explosive Growth (Big Blue firing on all cylinders; double digit growth of both earnings and revenues)

Minting "Green" into Greenbacks (An update to our five-year forecast for IBM)

MacAttack Falters at Foot of Mount Vista (A story about yet another attempt to break away from Windows)

Better Late Than Never (Analysis of a rumored HP takeover of EDS)

IBM & Google on Cloud Nine (Analysis of a deepening and expanding IBM-Google relationship)

IBM "Places" By a Nose Over Google (Analysis of Annex Top 20 IT companies' stock and business performances)

Big Blue Takes Chill Off Wall Street's Spring (Strong 1Q results boost stock to $125; company raises outlook for rest of 2008)

Just Say NO to Greed - Killer of Dreams! (An editorial comment on subprime financial crisis)
The "z10" Lifts "Big Green" (Analysis of IBM's new mainframe announcement)
HP Beats the Street Again (Analysis of HP's first quarter FY08 business results)
Capgemini's Great Valentine's Day Gift (Stock surges 10 points on strong 2007 finish)
Profit Drops, Stock Follows (Analysis of EDS' fourth quarter business results)
Profit, Revenue Surge Lifts Stock, Too (Analysis of CSC's 3QFY08 results)
Services, Emerging Markets Boost IBM (Analysis of IBM's full 4Q07 results)
Big Blue Shines in Fourth Quarter (Analysis of IBM's preliminary 4Q07 results; also new client-centered organization emerges)
2007

All Lines Point Up Except for Stock Price (Analysis of Accenture's first quarter FY08 business results)
Microsoft Still Wall Street Darling (Analysis of Top 10 IT companies' institutional shareholdings)
Biggest Gets Bigger, Better (Analysis of HP's 4Q07 business results) [Annex clients click here]
Unplugged! (without notice) (An editorial on IT industry trends)

Miss Temperance Takes on Old Man Greed (An editorial on global financial trends)
Growth Continues, But... (Analysis of Capgemini's third quarter business results)
An Enchanted Quarter (Analysis of EDS' third quarter business results)
Globalization "Pandemic" Spreading (Analysis of global investment trends based on latest 2007 UNCTAD data)

Googling to Top of IT World (Analysis of Google's Ascent to #2 Place in Market Cap)
On the Button Again (Analysis of IBM's 3Q07 business results) [Annex clients click here]
IBM Seedlings Sprouting Stronger Limbs (An update to our 2007 "State of the IBM Union" report) [Annex clients click here]
An Apple a Day Keeps Bear Away (Analysis of Top 20 IT companies' market and business performances)
Accenture: Strong Finish to Great Year (Analysis of Accenture's fourth quarter and FY07 business results) [Annex clients click here]

zAAP-ed by IBM! (Bank of Montreal zAAP-ing Its Way to Prosperity: Mainframe demand soars as specialty engines proliferate on increased Java workloads)
Sun's Solaris to Shine on IBM's Polaris (Potential boost to mainframe demand, Sun's software revenue? More than meets the eye?)
HP: Profitable Growth Continues (3Q revenues, earnings again beat expectations; company lifts 4Q outlook) [Annex clients click here]
The Greening of IBM, Part 2 (IBM to Save $250 Million Using 80% Less Energy in World's Largest Mainframe Server Consolidation)
IBM Beats the Street (Big Blue exceeds both revenue and profit expectations, lifts growth monkey off CEO's back)
Adios, Microsoft Vista! (Personal Declaration of Independence; Craving a World without Windows)

Accenture: Burning the Track (Firing on all cylinders, company raises outlook) [Annex clients click here]

CSC: New Broom Sweeps Clean (Analysis of 4Q results: New executive team wastes no time taking charge and charges) [Annex clients click here]

Dell: "The Last of the (PC) Mohicans" (Dell finally embraces Linux, strikes Wal-Mart distribution deal)
Are We in "Buyback Bubble?" (S&P 500 Companies are flooding the market, turning nearly all their earnings to Wall Street)
IBM: BRIC by BRIC... to Top Line Growth (IBM sees emerging markets as "engine of growth") [Annex clients click here]
The Power of Green: Power 6 (IBM launches its first "green" chip)
IBM: BRIC by BRIC... to Top Line Growth (IBM sees emerging markets as "engine of growth") [Annex clients click here]
Per Ardua Ad Astra (Analysis of HP's second quarter business results) [Annex clients click here]
The Greening of Big Blue (IBM to spend $1 billion on going green)

IBM: Lowering Center of Gravity (Highlights of Partnerworld 2007, with Detailed Reports for Annex Clients)

"Best Ever" Profit Year Comes Up Short - Analysis of Fujitsu FY07 results [Annex clients click here]

Capgemini's Growth Accelerating (Company raises revenue guidance for the year) [Annex clients click here]
To Buy (back shares), or Not to Buy? (An update to our analysis of stock buybacks in corporate America)
No Big Surprises in Good Opening Quarter (Mainframe, Unix Servers Lift Hardware Profitability; Services Sales Stumble Again; Software Shines) [Annex clients click here]
IBM Stock Still Grossly Undervalued (Priced at peer Price/Earnings ratios, IBM stock should be worth $124?)
Accenture Beats Forecasts, Again! (Analysis of Accenture's second quarter fiscal 2007 business results)

HPS, Capgemini Tie for Overall "Gold" (Results of Annex Research's 2007 Global IT Services Octathlon) [Annex clients click here]

The Value of pi (π) (Analysis of IBM System p and System i market and product strategies)

IBM Profit to Grow Faster Than Revenue (Annual update to Annex Research's Five-year Forecast for IBM) [Annex clients click here]
The (T)ides of March Sink Markets Again (An analysis of global economic and investment trends; an update to the "Sellout of America")
IBM Global Services: Growth Slows, Profits Surge (Excerpts from analysis of IGS's 2006 business results) [Annex clients click here]
HP: Toward New Highs? (Excerpts from analysis of HP's first quarter FY07 business results) [Annex clients click here]
EDS Turnaround, Act II: Climbing Up the Stack (Market Update: Analysis of EDS' new growth strategy)
Capgemini Caps Great Year, Saves Best for Last (Analysis of Capgemini's fourth quarter business results)

EDS: On Sunny Side of Street (Analysis of EDS' fourth quarter business results)
CSC: Where Less Seems More (Analysis of CSC's third quarter fiscal 2007 business results)
Fujitsu: Sales Up, Profit Down (Analysis of Fujitsu's third quarter fiscal 2007 business results)

IBM Shatters Records (Analysis of IBM's fourth quarter business results)
IBM Stock Passes Century Mark (Analysis of Big Blue's Stock Performance)

Annex Research
Scottsdale, Arizona 85255
U.S.A.
Tel/Fax: (602) 532-7789

For more information, E-mail us at: annex@djurdjevic.com