East Coast Tech Correspondent
Nicola's Feed
Apr 23, 2013

Xerox focuses on services as printer business declines

By Nicola Leske and Sayantani Ghosh

(Reuters) – Printer and copier maker Xerox Corp forecast current-quarter earnings below estimates as it accelerates efforts to transform itself into a technology services provider.

Xerox, whose shares were little changed at midday, also offers services such as managing toll systems and healthcare programs to counter sluggish growth in its printers and copiers business, which accounts for about 40 percent of its revenue.

Apr 18, 2013

IBM misses estimates, blames weak sales and weaker yen

By Nicola Leske

(Reuters) – IBM Corp (IBM.N: Quote, Profile, Research, Stock Buzz) posted a rare quarterly earnings miss as the technology services company struggled with the depreciation of the Japanese yen and a failure to close a number of major deals, especially in Europe and the United States.

Much like Oracle Corp (ORCL.O: Quote, Profile, Research, Stock Buzz) last month, IBM blamed a poor performance by its sales force for some of the shortfall. But analysts said it was not just one quarter – the company’s sales have been weakening consistently, dragging down results with or without the changes in the yen.

Feb 26, 2013

Juniper mulls next move after asset sale talks falter-sources

NEW YORK, Feb 26 (Reuters) – Juniper Networks Inc (JNPR.N: Quote, Profile, Research)
is reviewing its enterprise-focused networking business after
talks fell through late last year to sell assets, including
security unit NetScreen Technologies, several sources close to
the matter told Reuters.

The world’s No. 2 networking gear maker is mulling options
that could include acquisitions to bolster the security and
enterprise business, with a longer-term view of a sale or
spin-off, two of the sources said. For acquisition financing it
could decide to raise cash through a private sale of equity, the
sources familiar with the company’s thinking said.

Feb 26, 2013

Exclusive: Juniper mulls next move after asset sale talks falter – sources

NEW YORK (Reuters) – Juniper Networks Inc is reviewing its enterprise-focused networking business after talks fell through late last year to sell assets, including security unit NetScreen Technologies, several sources close to the matter told Reuters.

The world’s No. 2 networking gear maker is mulling options that could include acquisitions to bolster the security and enterprise business, with a longer-term view of a sale or spin-off, two of the sources said. For acquisition financing it could decide to raise cash through a private sale of equity, the sources familiar with the company’s thinking said.

Feb 20, 2013

Yahoo goes social, teams with Facebook for site revamp

By Nicola Leske

(Reuters) – Yahoo Inc is overhauling its website to incorporate features familiar to Facebook users such as a newsfeed and people’s “likes,” in CEO Marissa Mayer’s biggest product revamp since taking the helm of the ailing company last year.

Mayer, who took over in July after a procession of CEOs was shown the door, said in a blog post on Wednesday that Yahoo’s redesigned website will let users log in with their Facebook IDs to gain access to content and information shared by friends – from articles and videos to birthdays.

Feb 14, 2013

Cisco results beat Street; CEO sees challenge in Europe

By Nicola Leske

(Reuters) – Cisco Systems Inc’s quarterly results topped Wall Street views on Wednesday amid early signs tech spending was on the mend, but CEO John Chambers warned the picture was mixed and parts of Europe remained challenging.

The company’s shares were down 1.7 pct in after hours trading after Cisco reported that revenue growth in Europe – which accounts for a quarter of its business – was down 5 percent. Revenue in the Americas was up 9 percent and was 8.3 percent higher in the Asia-Pacific region.

Feb 8, 2013

Doctors seek help on cancer treatment from IBM supercomputer

By Nicola Leske

(Reuters) – IBM’s Watson supercomputer has beaten expert “Jeopardy” quiz show contestants, and its predecessor defeated a world chess champion. Now, doctors hope it can help them outsmart cancer.

Oncologists at two medical groups have started to test IBM’s Watson’s supercomputer system in an effort to improve speed and efficacy of treatments, the company said on Friday.

Feb 7, 2013

Greenlight’s Einhorn sues Apple, seeks bigger payout

Feb 7 (Reuters) – David Einhorn wants Apple to “think
different” … about its cash.

The hedge fund manager’s Greenlight Capital sued Apple Inc
on Thursday, saying the company should give
stockholders a bigger share of its huge cash pile.

Feb 5, 2013

WhiteHat Security gets $31 million funding

Feb 5 (Reuters) – WhiteHat Security has secured $31 million
in a round of funding that will allow it to expand
internationally and help it win more small and medium sized
businesses as customers, the company said.

The investment was funded by existing financial backer
Investor Growth Capital and new investor JMI Equity, bringing
total funding to $49 million.

Jan 29, 2013

EMC’s sees better IT spend but 2013 EPS outlook misses Street

By Nicola Leske

(Reuters) – Data storage equipment maker EMC Corp (EMC.N: Quote, Profile, Research, Stock Buzz) expects IT spending to improve slightly this year on the back of demand for cloud computing and data analytics but offered a 2013 earnings outlook that missed estimates.

“I think there is some lingering uncertainty for 2013 for sure, but I see more of a cautious optimism out there, which is an improvement,” Chief Executive Joe Tucci told analysts on a call on Tuesday.