The upgrade to A1 was driven by further evidence of Oracle's effectiveness in integrating acquisitions, along with expectations of continued exceptional cash flow generating capability, Moody's said. The upgrade also reflects Moody's recognition that the company's market position, increasing scale and ongoing financial policies can accommodate its acquisition strategy and still retain the financial flexibility expected of an A1 rating.
The ratings outlook is stable.
The rating and outlook reflect IBM's strong company profile, primarily supported by significant revenue market share in information technology services, servers, enterprise software and external storage, Fitch said.
Norwegian web browser designer Opera Software is teaming up with Brazilian site Globo.com, through its technology portal TechTudo, to offer a customized desktop browser for Globo users and to offer Globo.com and TechTudo content to Brazilian users of the Opera desktop browser and the Opera Mini mobile browser, the former said in a statement.
The browser has been tailor-made for the TechTudo website and is now available for download at Globo.com's technology website.
Globo.com content is now being offered with the latest versions of Opera and Opera Mini.
US firm BSQUARE Corporation has renewed its original equipment manufacturer (OEM) distribution agreement with Microsoft (Nasdaq: MSFT), the former said in a release.
The renewal continues the rights BSQUARE has to distributing the complete line of Microsoft-embedded operating systems within the United States, Canada, Mexico and the Caribbean. It is effective from July 1 this year to June 30, 2012.