Tech Flat After IBM Disappoints -- Tech Roundup

Features Dow Jones Newswires

Shares of tech companies were more or less flat after surprisingly weak earnings from International Business Machines. IBM fell after the computer-services giant posted quarterly revenue shy of the average analyst target, though growth at one of its emerging franchises -- cloud computing -- rose sharply. Tesla Inc. has settled a lawsuit against the former director of its semiautonomous Autopilot system, clearing the way for one of the stars among self-driving cars to build his own company that could become a threat to the Silicon Valley car maker. Tesla has settled a lawsuit against the former director of its self-driving Autopilot system, clearing the way for Sterling Anderson to build his own company that could become a threat to the Silicon Valley car maker.

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-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

April 19, 2017 16:52 ET (20:52 GMT)