East Coast Tech Correspondent
Nicola's Feed
Jan 24, 2013

Xerox Q4 profit tops Street view, shares up

Jan 24 (Reuters) – Xerox Corp reported quarterly
earnings slightly above expectations on Thursday and reiterated
its full-year targets as it restructures parts of its business.

Fourth-quarter revenue was flat at $5.9 billion and earnings
per share, excluding items, were 30 cents. Analysts looked for
$5.88 billion in revenue and EPS of 29 cent.

Jan 23, 2013

IBM’s shines with fourth quarter, 2013 outlook

By Nicola Leske

(Reuters) – IBM, the world’s largest technology services company, gave a better than expected 2013 outlook after a solid fourth quarter that analysts say has more to do with Big Blue’s smooth execution than a vibrant tech spending environment.

Companies had been widely expected to hold back on IT purchases in December in part because of worries about the so-called U.S. fiscal cliff. Automatic tax increases and spending cuts would have been triggered had Congress not made a deal to avert the cliff and could have pushed the weak U.S. economy into recession.

Jan 22, 2013

IBM’s 2013 outlook raises hopes for more tech spending

Jan 22 (Reuters) – IBM, the world’s largest
technology services company, promised better than expected
full-year growth after its fourth-quarter results beat
estimates, a sign that fears of corporate delays in technology
spending may have been overblown.

Companies had been widely expected to hold back on IT
purchases in December in part because of worries about the
so-called U.S. fiscal cliff. Automatic tax hikes and spending
cuts would have been triggered had Congress not arrived at a
deal to avert the cliff, and could have pushed the weak U.S.
economy into recession.

Jan 14, 2013

Cisco eager to regain ground as network security leader

NEW YORK (Reuters) – After failing to land a big acquisition in the security space last year and suffering a steady decline in market share, Cisco Systems Chief Executive John Chambers is determined to turn around his company’s lagging security business – whatever the cost.

The growing expectation, from Silicon Valley to Wall Street, is that Chambers will not be able to do it with its SecureX product range, and needs to go back to the deal table to boost the business with an acquisition in the coming months.

Jan 9, 2013

Dish trumps Sprint’s offer for Clearwire with $2.3 billion bid

By Sinead Carew and Nicola Leske

(Reuters) – Dish Network put in a bid for Clearwire Corp on Tuesday that trumped Sprint Nextel’s $2.2 billion offer, setting the stage for a takeover battle for the wireless service provider that owns crucial mobile spectrum.

Dish’s $2.28 billion offer appeared to affirm the satellite television provider’s ambitious plan to buy its way into the wireless services industry, on which it has already spent $3 billion acquiring much-needed capacity.

Dec 27, 2012

For tech investors, it’s hard to know when to bolt

Dec 27 (Reuters) – When Hewlett-Packard Co agreed to
buy British software company Autonomy in August last year for
$11.1 billion, two well-known investors made diametrically
different bets on how the big deal would play out.

To short seller Jim Chanos, who had been raising red flags
on Autonomy for years and had started shorting shares of HP in
2011, the deal was another nail in the coffin of the Silicon
Valley tech giant, a c cording to a source familiar with his
thinking.

Dec 27, 2012

Analysis: For tech investors, it’s hard to know when to bolt

By Sam Forgione and Nicola Leske

(Reuters) – When Hewlett-Packard Co agreed to buy British software company Autonomy in August last year for $11.1 billion, two well-known investors made diametrically different bets on how the big deal would play out.

To short seller Jim Chanos, who had been raising red flags on Autonomy for years and had started shorting shares of HP in 2011, the deal was another nail in the coffin of the Silicon Valley tech giant, according to a source familiar with his thinking.

Dec 14, 2012

Palo Alto Networks CTO fights viruses he once created

PALO ALTO, Dec 14 (Reuters) – In fifth grade, Nir Zuk gave
himself a virus.

A computer virus, that is.

It was the beginning of the programming whiz’s career as a
cyber security specialist, where he has gone from a ten-year-old
challenging himself to create computer viruses to the co-founder
and Chief Technology Officer of security software maker Palo
Alto Networks (PANW.N: Quote, Profile, Research).

Dec 7, 2012

Cisco bets on software and services for mid-term growth

NEW YORK (Reuters) – Cisco Systems laid out its mid-term growth strategy on Friday, betting on increased demand for software, services and security as it strives to become the world’s leading information technology company.

Cisco, whose business roots in routers and switches that move Internet traffic still generate about 50 percent of its revenue, has been steadily expanding its other offerings including data centers, network security and video conferencing.

Dec 7, 2012

Apple to return some Mac production to U.S. in 2013

SAN FRANCISCO/NEW YORK (Reuters) – Apple Inc plans to move some production of Macintosh computers to the United States from China next year, Chief Executive Tim Cook said in remarks published on Thursday, in what could be a important test of the nascent comeback in U.S. electronics manufacturing.

Apple makes the majority of its products, from Macs to the iPhone and iPad, in China, the world’s factory floor for electronics. But like other U.S. corporations, it has come under fire for relying on low-cost Asian labor and contributing to the decline of the U.S. manufacturing sector.