Bureau Chief, Helsinki
Ritsuko's Feed
Apr 17, 2011

Finns to vote, populist party threatens EU bailout

HELSINKI, April 17 (Reuters) – The anti-euro True Finns
party is expected to reel off big gains in Finland’s general
election on Sunday, threatening pro-European government and
raising the risk of disruptions to an EU bailout of Portugal.

Finland, unlike others in the euro zone, can put requests
for bailout funds to a majority vote in parliament, meaning that
the election outcome is likely to affect European Union plans to
shore up Portugal and stability in debt markets.

Apr 15, 2011

New Finn govt will back Portugal aid -leading party

HELSINKI, April 15 (Reuters) – Finland’s National Coalition,
the party tipped to win Sunday’s election, said it was sure the
next government would support an EU bailout plan for Portugal
although a popular opposition party remained against it.

Finland, unlike others in the euro zone, retains the right
to put requests for funds to a majority vote in parliament.

Apr 7, 2011

Tyre firm Nokian Renkaat taps Russia market surge

HELSINKI, April 7 (Reuters) – Finnish winter tyre specialist
Nokian Renkaat (NRE1V.HE: Quote, Profile, Research, Stock Buzz) plans to invest about 240 million
euros ($343 million) into a new car tyre plant in Russia to
boost production and meet growing demand.

A new plant to be built next to the existing facility will
increase its annual car tyre capacity by 5-6 million to 20-21
million tyres during 2012-2014, it said.

Mar 18, 2011

Cisco to pay first cash dividend; shares rise

NEW YORK (Reuters) – Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) plans to pay a cash dividend to shareholders for the first time, helping appease investors’ concerns about its growth and eroding margins and sending its shares up nearly 3 percent.

Avian Securities analyst Catharine Trebnick said the quarterly dividend of 6 cents per share, which will be paid to shareholders starting on April 20, broadens the company’s appeal to Wall Street as its growth has waned in recent quarters.

Mar 4, 2011

Juniper sees market growing to $66 bln in 3 years

NEW YORK, March 3 (Reuters) – Juniper Networks Inc (JNPR.N: Quote, Profile, Research, Stock Buzz)
said it expects its market opportunity to grow more than 60
percent over the next three years, as it launches more advanced
network equipment and enters new markets like mobile security.

Juniper’s target market is likely to grow to $66 billion in
2013 from $41 billion in 2010 as new products like its QFabric
data center systems boost sales, Chief Financial Officer Robyn
Denholm told a financial analyst meeting.

Feb 28, 2011

Analysis: After years of buying, Cisco may need to sell

NEW YORK (Reuters) – For years, the question at Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) was what to buy next, expanding from routers and switches into consumer electronics in an effort to keep its revenue rising by double digits.

Now, the question may be what to cut or sell off.

Since Cisco reported a weak outlook and lower-than-expected margins this month, investors and analysts wonder if it would be better off without some of its less successful businesses, including consumer router unit Linksys.

Feb 28, 2011

After years of buying, Cisco may need to sell

NEW YORK (Reuters) – For years, the question at Cisco Systems Inc was what to buy next, expanding from routers and switches into consumer electronics in an effort to keep its revenue rising by double digits.

Now, the question may be what to cut or sell off.

Since Cisco reported a weak outlook and lower-than-expected margins this month, investors and analysts wonder if it would be better off without some of its less successful businesses, including consumer router unit Linksys.

Feb 17, 2011

Machine trounces man on “Jeopardy!” quiz show

NEW YORK (Reuters) – Under the category of artificial intelligence, it represents both a loss and a triumph for humans.

What is “Watson”?

An IBM computer handily beat two human competitors on the popular U.S. quiz show “Jeopardy!” in a three-day showdown that ended on Wednesday, highlighting at the same time the progress people have made in making machines able to think like them.

Feb 16, 2011

NetApp’s profit outlook disappoints, shares fall

NEW YORK, Feb 16 (Reuters) – Data storage equipment maker
NetApp Inc (NTAP.O: Quote, Profile, Research, Stock Buzz) gave a weaker-than-expected profit
forecast, blaming a components shortage, pushing the company’s
shares down 4 percent.

NetApp Chief Executive Tom Georgens said the company failed
to keep up with demand for its new “FAS3200″ storage systems,
due to a shortage of some semiconductor components.

Feb 15, 2011

Man ties machine on Day 1 of “Jeopardy!” showdown

NEW YORK (Reuters) – A man-versus-machine showdown on popular U.S. quiz show “Jeopardy!” ended in a tie on the first day of a three-day challenge, when an IBM computer showed off its knowledge of the Beatles, as well as a few glitches.

The machine, dubbed Watson after International Business Machines Corp’s former president Thomas Watson, is the computer and software maker’s latest display of its expertise in advanced science.