(Reuters) – Top chip gearmaker Applied Materials Inc said on Tuesday it will miss its full-year targets due to weaker-than-expected demand from foundry customers, echoing warnings from other companies on slower spending.
Applied Materials said demand from foundry customers who build chips for other companies was slowing down and could hurt full-year profitability by about 15 cents to 20 cents per share, compared with previous estimates.
July 10 (Reuters) – Top chip gearmaker Applied Materials Inc
(AMAT.O: Quote, Profile, Research) said on Tuesday it will miss its full-year targets due
to weaker-than-expected demand from foundry customers, echoing
warnings from other companies on slower spending.
Applied Materials said demand from foundry customers who
build chips for other companies was slowing down and could hurt
full-year profitability by about 15 cents to 20 cents per share,
compared with previous estimates.
By Nicola Leske and Supantha Mukherjee
(Reuters) – Dell Inc will buy IT management company Quest Software Inc for $2.4 billion to expand its software business and decrease its dependence on the declining personal computer market.
Dell said on Monday it will pay $28 per share, trumping a bid from private investment firm Insight Ventures, adding that it expects the deal to close in the third quarter of its fiscal year 2013, which started February 4.
Palo Alto Networks, the network security company, that modernized the firewall with its web application inspection took a look at what people do at work by analyzing Internet traffic in over 2,000 organizations.
Seems a lot of people watch videos.
In fact, Palo Alto’s semi-annual application usage and risk report says the bandwidth used by streaming video more than tripled to 13 percent from 4 percent in December 2011.
Cisco CEO Chambers’ mantra that video is the new voice all depends on how easy and simple it is to start a video call.
(Reuters) – Cisco Systems Inc’s chief technology officer Padmasree Warrior is taking on the additional job of chief strategy officer but unlike her predecessor, Ned Hooper, she is not considered a contender to be CEO.
Hooper, a 13-year Cisco veteran, oversaw the $3.4 billion deal for Norwegian video conferencing company Tandberg as well as the $5 billion acquisition of the pay-TV smartcard maker NDS, a deal which has not yet closed.
NEW YORK, June 25 (Reuters) – Verizon Wireless and
Deutsche Telekom’s U.S. unit have agreed to a
spectrum deal that may clear the way for the U.S. company’s
plans to buy a chunk of spectrum from cable providers.
The agreement, which needs approval by the Federal
Communications Commission (FCC) and the Department of Justice,
included exchanges of spectrum between the two carriers and a
cash payment from T-Mobile USA, the companies said on Monday.
NEW YORK (Reuters) – SAS Institute, the world’s largest privately held software company, said it plans to remain independent despite continued approaches from companies such as IBM keen to acquire the only pure play data analytics firm, its top executive said.
“Before IBM went on their buying spree they came to us first because they recognized the fact that our solutions were something no one else has, everyone else is just a tool maker,” Chief Executive Jim Goodnight said in an interview on Wednesday.
NEW YORK, June 15 (Reuters) – A deepening euro zone crisis,
tepid U.S. job creation and slowing growth in China have
prompted some media and technology companies to sound a stronger
note of caution for the rest of the year, executives in those
industries said at the Reuters Global Media and Technology
Summit this week.
Companies fear the sovereign debt crisis and slowing
economies of European nations will drag down the U.S. economy,
the executives said. Tensions are running particularly high
ahead of Sunday’s pivotal election in Greece — whose outcome
could cause the euro zone economy to deteriorate.
NEW YORK (Reuters) – Small, tuck-in acquisitions and a growing services business will boost revenue and profit margins for Xerox Corp (XRX.N: Quote, Profile, Research, Stock Buzz), which is in the midst of trying to shed its stodgy image as a printer and copier company, its chief executive said.
Ursula Burns, a mechanical engineer by training who was named CEO in July 2009, said Xerox earmarked between $350 million and $400 million for acquisitions such as companies with specialty analytic capabilities or healthcare technologies.