East Coast Tech Correspondent
Nicola's Feed
Oct 16, 2012

Sprint-Softbank deal big on size, small on change

NEW YORK/SAN FRANCISCO (Reuters) – It’s this year’s biggest technology acquisition and the largest outbound deal in Japan’s history. But game-changing, it is not.

Softbank Corp’s (9984.T: Quote, Profile, Research) pricey $20 billion bid to buy control of No. 3 U.S. telecoms company Sprint Nextel Corp (S.N: Quote, Profile, Research) marks a bold move by billionaire CEO Masayoshi Son beyond his flagging home market. Some analysts say it hands the U.S. company much-needed firepower to buy peers and build out high-speed networks.

Oct 16, 2012

Analysis: Sprint-Softbank deal’s big on size, small on change

NEW YORK/SAN FRANCISCO (Reuters) – It’s this year’s biggest technology acquisition and the largest outbound deal in Japan’s history. But game-changing, it is not.

Softbank Corp’s (9984.T: Quote, Profile, Research, Stock Buzz) pricey $20 billion bid to buy control of No. 3 U.S. telecoms company Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz) marks a bold move by billionaire CEO Masayoshi Son beyond his flagging home market. Some analysts say it hands the U.S. company much-needed firepower to buy peers and build out high-speed networks.

Oct 15, 2012

Japan’s Softbank snaps up Sprint in $20 billion deal

By Mari Saito and Tim Kelly and Nicola Leske

(Reuters) Japanese mobile operator Softbank Corp said it will buy about 70 percent of Sprint Nextel Corp, the third-largest U.S. carrier, for $20.1 billion – the most a Japanese firm has spent on an overseas acquisition.

The deal, announced by Softbank’s billionaire founder and chief Masayoshi Son and Sprint Chief Executive Dan Hesse at a packed news conference in Tokyo on Monday, gives Softbank entry into a U.S. market that is still growing, while Japan’s market is stagnating.

Oct 4, 2012

Informatica profit warning hits tech sector shares

By Siddharth Cavale and Nicola Leske

(Reuters) – Software maker Informatica Corp (INFA.O: Quote, Profile, Research, Stock Buzz) rattled investors with a warning on Thursday about worsening business conditions in Europe, sending its shares down over 25 percent and weighing on other U.S. tech stocks.

Informatica’s software, which helps companies pull together data so they can analyze business trends, is used alongside that made by bigger software companies so its weakness often drags down peers.

Sep 10, 2012

Palo Alto Networks’ fourth-quarter beats Street amid slower growth

By Nicola Leske

(Reuters) – Security software maker Palo Alto Networks (PANW.N: Quote, Profile, Research, Stock Buzz), which went public in July, promised shareholders continued revenue growth after it beat fourth-quarter revenue and earnings estimates on rising demand for protection against network security attacks.

Palo Alto Networks, which sells firewalls to businesses that prevent data breaches and block malware and viruses, said it expects revenue in its first fiscal quarter to be in a range of $80 million to $84 million.

Sep 10, 2012

Palo Alto Networks’ Q4 beats Street amid slower growth

Sept 10 (Reuters) – Security software maker Palo Alto
Networks, which went public in July, promised
shareholders continued revenue growth after it beat
fourth-quarter revenue and earnings estimates on rising demand
for protection against network security attacks.

Palo Alto Networks, which sells firewalls to businesses that
prevent data breaches and block malware and viruses, said it
expects revenue in its first fiscal quarter to be in a range of
$80 million to $84 million.

Sep 7, 2012

Intel cuts outlook on weak PC demand; shares slump

SAN FRANCISCO, Sept 7 (Reuters) – Intel Corp cut
its third-quarter revenue estimate more than expected on Friday
due to a decline in demand for its chips as customers reduce
inventories and businesses buy fewer personal computers.

Intel also said it was scaling back capital spending as a
result of the business slowdown. Intel’s stock fell 3.6 percent,
and shares of ASML and other companies that
make chip-manufacturing equipment also lost ground.

Jul 25, 2012

Symantec fires CEO, successor begins turnaround effort

By Jim Finkle and Nicola Leske

(Reuters) – Symantec Corp (SYMC.O: Quote, Profile, Research) unexpectedly fired Chief Executive Enrique Salem and replaced him with Chairman Steve Bennett, who launched a strategic review in a bid to turn around a company whose stock has languished for years.

Shares of the software maker surged 13 percent on the news as some investors speculated that Bennett might consider divesting assets or splitting up Symantec, which also reported quarterly results on Wednesday.

Jul 25, 2012

Symantec fires CEO Salem, successor starts review

By Jim Finkle and Nicola Leske

(Reuters) – Symantec Corp (SYMC.O: Quote, Profile, Research, Stock Buzz) unexpectedly fired CEO Enrique Salem and replaced him with its chairman Steve Bennett, who launched a strategic review in a bid to turn around the company, which has disappointed investors with lackluster growth in recent years.

Shares of the software maker soared 16 percent on the news as some investors speculated that Bennett might consider divesting assets or splitting up Symantec, which also reported quarterly results on Wednesday.

Jul 25, 2012

Symantec replaces CEO, says company has underperformed

July 25 (Reuters) – Symantec Corp unexpectedly
replaced its chief executive, naming current Chairman and former
Intuit Corp CEO Steve Bennett to run the world’s
biggest maker of security software.

The company said Enrique Salem had stepped down on Tuesday,
ending a three-year term during which he and the company had
been criticized by investors for a string of financial
disappointments.