East Coast Tech Correspondent
Nicola's Feed
Jan 25, 2012

Xerox sees 2012 EPS growth after solid 4th quarter

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.

Jan 23, 2012

Profile: New RIM CEO dashes hopes for quick turnaround

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.

Jan 23, 2012

IBM’s plain vanilla flavor leaves investors satisfied

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.

Jan 21, 2012

Analysis: IBM’s plain vanilla flavor leaves investors satisfied

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 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.

Jan 18, 2012

Quantum Leap sees gold in mining social media data

NEW YORK (Reuters) – He has helped the military predict where bombs will go off and worked with law enforcement to fight crime, but now Quantum Leap Innovations CEO Joseph Budner Elad wants to use his technology to help consumers

On February 29 the Newark, Delaware, based company will release Quantum Leap Buzz, a tool that uses pattern based analytics for social media, starting with Twitter, to mine data from the huge amounts of information created on these sites every day.

Jan 17, 2012

IBM seen posting Q4 growth, headwinds expected in 2012

Jan 17 (Reuters) – IBM Corp (IBM.N: Quote, Profile, Research) is expected to
report solid fourth quarter results on Jan. 19 under new chief
executive Virginia Rometty as investors look for news about the
potential impact of the Eurozone crisis and currency headwinds
in 2012.

For IBM, a bellwether stock due to its global reach and wide
range of corporate and federal customers, analysts on average
expect operating earnings per share of $4.62, a more than 10
percent increase from the quarter a year earlier.

Jan 12, 2012
via MediaFile

IBM scientists create smallest magnetic memory bit with 12 atoms

Photo

In IBM’s Almaden Research Center  in San Jose, California Andreas Heinrich gets to explore. His quest: Demonstrate that very few atoms are needed to store information. Why would anyone care? Because size matters.

Today, to store a single bit — the most basic piece of information a computer understands –  a disk drive needs one million atoms. Heinrich and his team have successfully shown that data can be stored in as few as 12 magnetic atoms.  That’s 12 versus 1 million and it means a hundred times more information can be stored in the same space.

Jan 6, 2012

Symantec: parts of antivirus source code exposed

By Nicola Leske

(Reuters) – Symantec Corp, the top maker of security software, said hackers had exposed a chunk of its source code, which is essentially the blueprint for its products, potentially giving rivals some insight into the company’s technology.

The developer of the popular Norton antivirus software said the hackers stole the code from a third party and that the company’s own network had not been breached, nor had any customer information been affected.

Jan 5, 2012

AT&T says will complete wireless network upgrade by end 2013

Jan 5 (Reuters) – AT&T Inc (T.N: Quote, Profile, Research) is on track to finish
its wireless network upgrade with faster mobile Web services by
the end of 2013, having exceeded its target for 2011, a top
executive said.

By the end of last year the company had extended its new
high-speed service to markets of 74 million people, surpassing
its previous target of 70 million, John Stankey, AT&T’s head of
business solutions, said at a conference on Thursday.

Jan 3, 2012

JP Morgan upgrades Cisco to overweight;shares rise

Jan 3 (Reuters) – Investment bank JPMorgan upgraded
its recommendation for Cisco Systems (CSCO.O: Quote, Profile, Research) to “overweight”
and raised its price target for the network equipment maker on
expectations of a rebound in public sector spending and improved
margins in 2012.

Cisco stock was up 3.4 percent to $18.65 in midday trading
in New York on Tuesday.