East Coast Tech Correspondent
Nicola's Feed
Jun 1, 2012

RIM’s new woes seen speeding loss of BlackBerry users

June 1 (Reuters) – Research In Motion’s (RIM.TO: Quote, Profile, Research) appointment
of bankers to advise on drastic options, including an outright
sale of the BlackBerry maker, may only hasten moves by major
customers to offer their employees smartphones produced by
rivals.

An increasing number of top companies and government
departments that were once devoted to the Blackberry are instead
now giving some staff the option of using Apple Inc’s iPhone
(AAPL.O: Quote, Profile, Research) or smartphones running off of Google Inc’s (GOOG.O: Quote, Profile, Research)
Android-operating system.

May 16, 2012

Ad execs say jury still out on Facebook as medium

NEW YORK/LONDON (Reuters) – General Motors Inc’s decision to stop advertising on Facebook may be a wake-up call for the No. 1 social network, but Top advertising executives say it’s far too early to know if the site will take off as an advertising platform.

“There’s a lot of potential but it’s not a slam-dunk,” said Martin Sorrell, chief executive of WPP Plc, the world’s largest advertising agency.

May 11, 2012

Huawei gearing up to take on Cisco on its home turf

By Nicola Leske

(Reuters) – Huawei’s head of North America, John Roese, said his company is more than ready to take on larger rival Cisco Systems but noted it will take some patience — and time.

“The U.S. is by far our most complex market … for us our entrance into the U.S. is similar to a western company entering China,” Roese said in an interview with Reuters on the sidelines of IT infrastructure conference Interop in Las Vegas.

May 11, 2012

Corrected: Analysis: Cisco spooks, but IT spending seen on mend

By Nicola Leske

(Reuters) – As a cautious outlook from Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) pummels shares of the network equipment maker and its peers, it might be time to go bargain hunting.

Even as Cisco warned that technology spending by companies could be hurt by concerns about Europe, analysts say there is room for optimism. Pointing to last year’s experience, some say tech spending may rebound in the second half, potentially boosting equipment makers shares again.

May 11, 2012

Analysis: Cisco spooks, but IT spending seen on the mend

By Nicola Leske

(Reuters) – As a cautious outlook from Cisco Systems Inc pummels shares of the network equipment maker and its peers, it might be time to go bargain hunting.

Even as Cisco warned that technology spending by companies could be hurt by concerns about Europe, analysts say there is room for optimism. Pointing to last year’s experience, some say tech spending may rebound in the second half, potentially boosting equipment makers shares again.

May 10, 2012

Cisco spooks, but IT spending seen on the mend

May 10 (Reuters) – As a cautious outlook from Cisco Systems
Inc (CSCO.O: Quote, Profile, Research) pummels shares of the network equipment maker and
its peers, it might be time to go bargain hunting.

Even as Cisco warned that technology spending by companies
could be hurt by concerns about Europe, analysts say there is
room for optimism. Pointing to last year’s experience, some say
tech spending may rebound in the second half, potentially
boosting equipment makers shares again.

May 10, 2012

Cisco outlook underwhelms, economy fears persist

By Nicola Leske

(Reuters) – Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) forecast quarterly earnings below Wall Street’s expectations, accentuating concerns about global technology spending and the network equipment maker’s ability to weather persistent economic weakness.

Shares in the company, which relies on government and corporate spending on Internet gear, slid more than 8 percent after hours, despite beating analysts’ third-quarter earnings estimates by a penny.

May 9, 2012

Cisco profit beats Street, economic worries remain

By Nicola Leske

(Reuters) – Cisco Systems Inc beat quarterly earnings estimates, allaying some concerns about global technology spending even as questions remained about the network equipment maker’s ability to weather economic weakness.

The company, whose Chief Executive John Chambers last year stunned investors by admitting it had “lost its way,” posted a 5 percent jump in revenue from its core business of network switching in its fiscal third quarter.

Apr 24, 2012

Symantec stock drops on sales execution concern, outlook

By Nicola Leske

(Reuters) – Software maker Symantec Corp rattled investors on Tuesday with lower quarterly targets, raising concerns over sales execution and sending its shares down more than 11 percent.

Symantec stock plunged 11.5 percent to $15.98 on Tuesday after closing at $18.07 on Monday.

Apr 17, 2012

IBM boosts outlook; revenue shortfall hits shares

By Nicola Leske

(Reuters) – IBM’s revenue fell slightly short of Wall Street expectations, sending its shares down almost 2 percent in late trade even as the company beat quarterly profit expectations and boosted its 2012 earnings target on strong software demand.

International Business Machines, whose shares had closed up 2 percent on Tuesday, reported revenue of $24.7 billion — flat with the previous year and below analyst expectations for $24.78 billion, according to Thomson Reuters I/B/E/S.