May 23 (Reuters) – Dish Network Corp has added
Canada’s Scotiabank to the four banks it had already lined up to
finance its $25.5 billion bid for Sprint Nextel Corp,
according to two people familiar with the matter.

Reuters reported on May 15 that Dish was working with
Barclays Plc, Macquarie Group, Jefferies and
the Royal Bank of Canada to help finance around $9
billion in debt needed for the offer but that it was still
finalizing details.

NEW YORK (Reuters) – Network equipment maker Cisco Systems Inc posted a higher than expected quarterly profit and said current quarter revenue could increase, giving some relief to investors who had worried it was being hurt by weak technology spending.

Cisco shares rose about 8 percent after Chief Executive John Chambers said the company was seeing some good signs in the U.S. and that other parts of the world are “encouraging.”

By Nicola Leske and Sayantani Ghosh

(Reuters) – EMC Corp reported slightly weaker-than-expected quarterly results as customers remained cautious about tech spending but the data storage equipment maker reiterated its full-year forecast, sending its shares up nearly 2 percent.

Analysts said investors would be relieved by the outlook, after weak results from IBM Corp and disappointing forecast by Intel Corp and Juniper Networks Inc.

By Nicola Leske and Sayantani Ghosh

(Reuters) – Printer and copier maker Xerox Corp forecast current-quarter earnings below estimates as it accelerates efforts to transform itself into a technology services provider.

Xerox, whose shares were little changed at midday, also offers services such as managing toll systems and healthcare programs to counter sluggish growth in its printers and copiers business, which accounts for about 40 percent of its revenue.

By Nicola Leske

(Reuters) – IBM Corp (IBM.N: Quote, Profile, Research, Stock Buzz) posted a rare quarterly earnings miss as the technology services company struggled with the depreciation of the Japanese yen and a failure to close a number of major deals, especially in Europe and the United States.

Much like Oracle Corp (ORCL.O: Quote, Profile, Research, Stock Buzz) last month, IBM blamed a poor performance by its sales force for some of the shortfall. But analysts said it was not just one quarter – the company’s sales have been weakening consistently, dragging down results with or without the changes in the yen.

NEW YORK, Feb 26 (Reuters) – Juniper Networks Inc (JNPR.N: Quote, Profile, Research)
is reviewing its enterprise-focused networking business after
talks fell through late last year to sell assets, including
security unit NetScreen Technologies, several sources close to
the matter told Reuters.

The world’s No. 2 networking gear maker is mulling options
that could include acquisitions to bolster the security and
enterprise business, with a longer-term view of a sale or
spin-off, two of the sources said. For acquisition financing it
could decide to raise cash through a private sale of equity, the
sources familiar with the company’s thinking said.

NEW YORK (Reuters) – Juniper Networks Inc is reviewing its enterprise-focused networking business after talks fell through late last year to sell assets, including security unit NetScreen Technologies, several sources close to the matter told Reuters.

The world’s No. 2 networking gear maker is mulling options that could include acquisitions to bolster the security and enterprise business, with a longer-term view of a sale or spin-off, two of the sources said. For acquisition financing it could decide to raise cash through a private sale of equity, the sources familiar with the company’s thinking said.

By Nicola Leske

(Reuters) – Yahoo Inc is overhauling its website to incorporate features familiar to Facebook users such as a newsfeed and people’s “likes,” in CEO Marissa Mayer’s biggest product revamp since taking the helm of the ailing company last year.

Mayer, who took over in July after a procession of CEOs was shown the door, said in a blog post on Wednesday that Yahoo’s redesigned website will let users log in with their Facebook IDs to gain access to content and information shared by friends – from articles and videos to birthdays.

By Nicola Leske

(Reuters) – Cisco Systems Inc’s quarterly results topped Wall Street views on Wednesday amid early signs tech spending was on the mend, but CEO John Chambers warned the picture was mixed and parts of Europe remained challenging.

The company’s shares were down 1.7 pct in after hours trading after Cisco reported that revenue growth in Europe – which accounts for a quarter of its business – was down 5 percent. Revenue in the Americas was up 9 percent and was 8.3 percent higher in the Asia-Pacific region.

By Nicola Leske

(Reuters) – IBM’s Watson supercomputer has beaten expert “Jeopardy” quiz show contestants, and its predecessor defeated a world chess champion. Now, doctors hope it can help them outsmart cancer.

Oncologists at two medical groups have started to test IBM’s Watson’s supercomputer system in an effort to improve speed and efficacy of treatments, the company said on Friday.