Omnicom took first place for June new business with a boost from TBWA/Chiat/Day's win of launch work and consumer ads for the Sprint/Nextel merger and BBDO's Levitra win, according to the billings tally by Bear Stearns' Alexia Quadrani. Publicis scored tops in the second quarter and year to date in adjusted billings wins1.
Focus on: IBM Corp. (IBM)
Louis Gerstner brought Big Blue back from the brink, and the share price increased sevenfold in his nine-year run as CEO. It's been tougher since Sam Palmisano took over March 1, 2002. The stock trades at a 1998 level; sales grew an average 2% a year from 2000 to 2004. He's rethinking the formula, selling the PC unit to China's Lenovo Group on May Day and realigning IBM's services unit. Services now provide more than half of revenue.
1. Currrent price/estimated '05 earnings per share. 2. Market cap plus debt minus cash 3. 2004
Source: Bloomberg, company reports, Ad Age analysis
Last week's score
The AdMarket slipped 1%, with Yahoo falling 8% as revenue and profits came in below expectations. The Wilshire 5000 hit a four-year high July 20.