IBM (NYSE:IBM) is making its first purchase of 2011. Big Blue is acquiging the real estate management software developer Tririga. Financial terms of the deal, which is expected to close in the second quarter of 2011, were not disclosed. Tririga’s software helps clients make strategic planning decisions regarding space usage, evaluates alternative real estate initiatives, generates higher returns from capital projects and assesses environmental impact investments. Tririga’s software is used by more than 200 clients, including over one-third of Fortune 100 corporations as well as seven of the 15 federal executive departments of the U.S. government The company will be integrated into IBM Tivoli Software and IBM Global Business Services. In 2010, IBM spent roughly $6 Billion to acquire 17 companies. IBM numbers are up just over a quarter or .17% to $157.95.
LDK Solar (NYSE:LDK) announced it signed contracts to supply solar modules to two leading electric power companies in China. The first sales contract is for 30 MW of solar modules in the Qinghai province to be delivered in August and the second is for 5 MW of solar modules in the Jilin province to be delivered in the first half of 2012.Xiaofeng Peng, Chairman and CEO of LDK Solar stated, “We are pleased to continue to support the expansion of the solar industry in China, which has grown rapidly over the last several years. These contracts demonstrate continued demand for our solar modules within China.”LDK Solar has a potential upside of 86.6% based on a current price of $6.59 and an average consensus analyst price target of $12.3.LDK Solar is currently below its 50-day moving average (MA) of $7.78 and below its 200-day MA of $10.70.