East Coast Tech Correspondent
Nicola's Feed
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.

Apr 16, 2012

Avaya wins 5-year contract with Bharti Airtel

By Nicola Leske

(Reuters) – Telecom equipment maker Avaya Corp said it had signed a multimillion-dollar five-year contract to build call centers for India’s leading telecom company, Bharti Airtel (BRTI.NS: Quote, Profile, Research, Stock Buzz), in Asia and Africa.

“It is the largest deal we have ever done,” Ed Nalbandian, head of Avaya’s managed services and contact center solutions, said on Monday but declined to divulge financial details.

Apr 16, 2012

IBM may raise full-year software demand forecast

By Nicola Leske

(Reuters) – IBM Corp (IBM.N: Quote, Profile, Research, Stock Buzz) reports earnings after the bell on Tuesday and investors are hoping strong software demand will make for a repeat of last year’s first-quarter performance, when the company raised its full year forecast.

After Oracle Corp’s (ORCL.O: Quote, Profile, Research, Stock Buzz) strong first-quarter software sales and outsourcing firm Accenture Plc’s (ACN.N: Quote, Profile, Research, Stock Buzz) positive outlook on IT spending, there is a chance that IBM – which competes with both companies – may raise its full year outlook. Sterne Agee analyst Shaw Wu wrote in a recent note that there was a “fair likelihood” IBM would “modestly raise” its outlook.

Apr 12, 2012

Stronger demand in Europe boosts global PC demand

April 11 (Reuters) – Global PC shipments increased in the
first quarter of 2012 as demand in Europe, Middle East and
Africa was stronger than forecast on the back of robust demand
by business, according to the research firm Gartner.

The results exceeded Gartner’s earlier projections of a 1.2
percent decline for the quarter, the firm said on Wednesday, as
global shipments grew to 89 million units in the first three
months of the year.

Apr 11, 2012

IBM targets rivals with info tech maintenance product

April 11 (Reuters) – IBM is taking aim at
competitors such as Hewlett Packard Co and Oracle Corp
with PureSystems, a new product line that helps
companies reduce time and money spent on increasingly complex
information technology maintenance.

Data from both IBM and research firm IDC shows that
companies spend upwards of 70 percent of their IT budgets on
simple operations and maintenance, leaving little to invest in
innovation. Perhaps more alarmingly, two-thirds of corporate IT
projects exceed the allotted budget and are delivered behind
schedule.

Mar 27, 2012

Deals increase with need for more network security

March 27 (Reuters) – Advanced hacking attacks by groups such
as Anonymous and the prevalence of mobile devices like Apple
Inc’s iPhone are spurring demand for more sophisticated
protection, making niche network security firms prime takeover
targets, analysts and experts said.

“Mergers and acquisitions will become more prominent,” said
Ben Ramirez, an analyst at Frost and Sullivan. “Predators will
be those with high capital expenditures and high market share
and the prey will be those that have little market share and
weak product diversification.”

Mar 16, 2012

Apple cements tablet market lead with new iPad

LONDON/NEW YORK, March 16 (Reuters) – Apple Inc’s
newest iPad looked like another hot seller on Friday as
hundreds lined up at stores around the world to get their hands
on the tablet, though the crowds and waiting times in some
cities were less than in previous years.

The third-generation iPad has only a few new features
including faster wireless connectivity and a crisper display,
but analysts nonetheless expect Apple to dominate the tablet
market well into next year.

Mar 15, 2012

Cisco pumps up video offering with $5 bln NDS buy

By Nicola Leske and Tova Cohen

(Reuters) – Cisco Systems made its first major acquisition in over two years with a deal to buy NDS, which develops pay TV software, for $5 billion, aiming to boost its presence in the video communications market.

In its biggest acquisition since it bought Norway’s videoconferencing company Tandberg for $3.3 billion in 2009, Cisco said NDS was a strategic fit for its video system Videoscape, as NDS’ software allows cable and satellite TV companies to deliver encrypted content through televisions and other devices.

Mar 15, 2012

Cisco to buy software developer NDS for 3 billion pounds

By Nicola Leske and Tova Cohen

(Reuters) – Cisco Systems (CSCO.O: Quote, Profile, Research) has reached a $5 billion (3 billion pounds) deal to buy NDS, which makes set-top box software for cable and satellite TV companies, a move the network equipment maker said would accelerate its expansion into the video communications market.

NDS technology, which is used by BSkyB (BSY.L: Quote, Profile, Research) and Sky Italia in Europe, is expected to complement Cisco’s Videoscape video delivery system. In North America, the company’s customers include Cablevision Systems Corp (CVC.N: Quote, Profile, Research), Comcast Corp (CMCSA.O: Quote, Profile, Research), and Rogers Communications Inc (RCIb.TO: Quote, Profile, Research).