By Nicola Leske
(Reuters) – Professional networking service LinkedIn’s outlook for the current quarter and the full year surpassed expectations as the company banks on continued strong product and subscription growth after its fourth-quarter revenue beat estimates.
The company’s performance and outlook is keenly watched by investors as an indication of whether the business model of Internet companies is solid — especially in light of Facebook’s filing for an IPO last week.
Feb 8 (Reuters) – Network equipment maker Cisco
Systems Inc promised further revenue growth after its
second quarter results beat estimates, thanks to a
restructuring, leading to a dividend increase.
The company, a sector bellwether because of its global scale
and diverse client base, forecast 5 to 7 percent growth in
fiscal third-quarter revenue.
Feb 6 (Reuters) – A year after network equipment maker
Cisco Systems Inc (CSCO.O: Quote, Profile, Research) unnerved investors with yet another
weak quarterly outlook the company looks set to report a stable
quarter buoyed in part by improving enterprise demand in the
Analysts on average expect Cisco to post earnings of 43
cents a share excluding items, up 16.2 percent, in the quarter
that runs until end-January, on a revenue increase of almost 8
percent to $11.23 billion, according to Thomson Reuters I/B/E/S.
There is nothing more infuriating than a slow mobile connection. With people bringing their own devices to workand everywhere else, wireless networks will be working hard to accommodate the mobile traffic flood.
Here’s where Cisco comes in: On Tuesday, it unveiled a wireless access point called the Aironet 3600 Series, which can increase the speed of connection by up to 30 percent on any kind of mobile device no matter how weak or strong the network is.
NEW YORK (Reuters) – Research in Motion’s Thorsten Heins plans to waste no time in his new job. The BlackBerry maker’s chief executive said he will present the board with his plan for company’s future in just a matter of weeks.
The German-born executive, who took over from two longstanding co-CEOs on Saturday, said his plans for RIM would be “significant” though he did not divulge details in an interview with Reuters.
Jan 27 (Reuters) – Network equipment maker Cisco
(CSCO.O: Quote, Profile, Research) may have reason to rejoice despite bleak outlooks from
smaller rivals Juniper Networks (JNPR.N: Quote, Profile, Research) and Riverbed Technology
(RVBD.O: Quote, Profile, Research) amid signs that it is winning back market share from
Cisco’s chief executive John Chambers promised his
shareholders in September that Cisco would go after Juniper and
it looks like he is delivering on that promise.
FRANKFURT/NEW YORK (Reuters) – Research in Motion Ltd’s (RIM.TO: Quote, Profile, Research) could have chosen a fiery, inspirational new CEO but they chose a stoic engineer instead, dashing investor hopes for a quick turnaround for the struggling BlackBerry maker.
The softspoken and bespectacled Thorsten Heins, who had worked at Germany’s Siemens AG (SIEGn.DE: Quote, Profile, Research) for more than 20 years before RIM, failed to inspire Wall Street on Monday as he pledged to continue on the same path as his predecessors.
By Nicola Leske
(Reuters) – Xerox Corp (XRX.N: Quote, Profile, Research, Stock Buzz) aims to increase earnings this year by potentially more than 9 percent after it reported fourth-quarter results in line with estimates on the back of solid growth in its services business.
Once popularly known for its office copiers and printers, Xerox now only makes 45 percent of its revenue from those kinds of products, and that area is growing more slowly than Xerox’s services business.
FRANKFURT/NEW YORK (Reuters) – Research in Motion Ltd’s could have chosen a fiery, inspirational new CEO but they chose a stoic engineer instead, dashing investor hopes for a quick turnaround for the struggling BlackBerry maker.
The softspoken and bespectacled Thorsten Heins, who had worked at Germany’s Siemens AG for more than 20 years before RIM, failed to inspire Wall Street on Monday as he pledged to continue on the same path as his predecessors.
NEW YORK (Reuters) – While IBM’s rivals have suffered through earnings misses, massive executive upheaval or seismic strategic shifts, Big Blue has been the technology world’s most consistently performing company since narrowly avoiding bankruptcy 19 years ago.
Sure, IBM (IBM.N: Quote, Profile, Research) lacks an obvious wow factor. Indeed, the company is to the technology world what vanilla is to ice cream: plain. But in the business world, plain is simply another word for dependable, and IBM has grown into one of the few companies analysts and investors can count on to deliver on its promises each quarter.