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Jan 25, 2011

EMC beats Street as tech spending recovers

NEW YORK (Reuters) – Data storage company EMC Corp’s (EMC.N: Quote, Profile, Research, Stock Buzz) quarterly results and full-year outlook exceeded Wall Street forecasts, adding to evidence of a recovery in business technology spending.

The world’s biggest maker of corporate data storage equipment said fourth-quarter revenue rose 19 percent to $4.9 billion, beating the analysts’ average forecast of $4.8 billion, according to Thomson Reuters I/B/E/S.

Jan 25, 2011

EMC beats Street, shares fall on VMware margins

NEW YORK (Reuters) – Data storage company EMC Corp’s (EMC.N: Quote, Profile, Research, Stock Buzz) quarterly results and full-year outlook beat Wall Street forecasts, adding to evidence of a recovery in business technology spending.

The company’s shares slid 1 percent, however, on concerns over weak margins at VMware (VMW.N: Quote, Profile, Research, Stock Buzz), majority-owned by EMC.

Jan 19, 2011

IBM blows past forecasts, services contracts rise

NEW YORK (Reuters) – International Business Machines Corp’s quarterly profit blew past Wall Street estimates, and a long-hoped-for recovery in its services business raised optimism that global companies were confident enough to spend more on technology.

IBM shares rose 2.7 percent after-hours after the company reported that fourth-quarter net income rose 9 percent to $5.3 billion. Its earnings per share (EPS) of $4.18 easily exceeded its $3.59 of the year-earlier quarter and Wall Street’s average forecast of $4.08, according to Thomson Reuters I/B/E/S.

Jan 18, 2011

IBM’s results blow past expectations, services strong

NEW YORK (Reuters) – International Business Machines Corp’s quarterly profit blew past Wall Street estimates, and a pick-up in services contracts raised hopes that global companies were confident enough to spend more on technology.

IBM shares rose 2.4 percent after-hours to $154.34 after the company reported quarterly net income of $5.3 billion, or $4.18 per share, compared with $4.8 billion, or $3.59 per share, a year earlier.

Jan 14, 2011

IBM may boost tech confidence, services in focus

NEW YORK, Jan 14 (Reuters) – A strong report from IBM Corp
(IBM.N: Quote, Profile, Research, Stock Buzz), particularly a pick-up in technology services
contracts that have been a weak point in the past year, could
lift Wall Street’s confidence in the technology sector.

While investors on Friday looked at Intel Corp’s (INTC.O: Quote, Profile, Research, Stock Buzz)
strong outlook with skepticism, due in part to the chipmaker’s
reversal of a bullish outlook last year, analysts said a solid
report from IBM on Tuesday could encourage them to reconsider.
[ID:nLDE70D0LR]

Jan 14, 2011

IBM prepares for machine vs man Jeopardy! showdown

YORKTOWN HEIGHTS, New York (Reuters) – Computer history for $400?

An IBM computer won the practice round on popular quiz show Jeopardy! against two top contestants, showing artificial intelligence has come a long way in simulating how humans think.

“We have created a computer system which has the ability to understand natural human language, which is a very difficult thing for a computer to do,” said John Kelly, the director of IBM Research.

Dec 23, 2010

Skype recovering but still down for 20 percent of users

NEW YORK (Reuters) – Internet calling service Skype said its system was still down for around 20 percent of users on the second day of its biggest outage in more than three years, although service was gradually recovering.

Skype Chief Executive Tony Bates, facing his biggest challenge since being hired in early October, said Skype was focused on restoring the service and “progress is going well.”

Dec 22, 2010

Outage takes out Skype, recovery taking hours

NEW YORK (Reuters) – Internet phone and video service Skype went down in a global service outage on Wednesday, underscoring a weakness of the free online communication tool.

Skype, partly owned by Web retailer eBay Inc, said some users were having problems signing on. Users in the United States, Asia and Europe complained of the outage on social network site Twitter.

Dec 20, 2010

AT&T to buy Qualcomm’s mobile spectrum for $1.93 bln

NEW YORK, Dec 20 (Reuters) – AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz) plans to buy
wireless spectrum from Qualcomm Inc (QCOM.O: Quote, Profile, Research, Stock Buzz) for $1.93 billion
and boost its 4G network, aiming to counter criticism over
iPhone service quality and a threat from rivals like Verizon
Wireless.

AT&T is the sole U.S. carrier for Apple Inc’s (AAPL.O: Quote, Profile, Research, Stock Buzz)
iPhone, but smaller rivals like Sprint Nextel (S.N: Quote, Profile, Research, Stock Buzz) and
Clearwire Corp (CLWR.O: Quote, Profile, Research, Stock Buzz) have been adopting 4G, a new wireless
standard that enables better Internet access including video.

Dec 17, 2010

Tech spend revival boosts Oracle, Accenture, RIM

NEW YORK (Reuters) – Wall Street may have underestimated a recovery in corporate spending, judging by stronger-than-expected results and outlooks from business software maker Oracle Corp (ORCL.O: Quote, Profile, Research, Stock Buzz) and technology services firm Accenture Plc (ACN.N: Quote, Profile, Research, Stock Buzz).

Together with stronger-than-expected sales from BlackBerry maker Research in Motion (RIM.TO: Quote, Profile, Research, Stock Buzz), the announcements showed Cisco Systems Inc’s (CSCO.O: Quote, Profile, Research, Stock Buzz) weak outlook last month may have been a lone phenomenon, analysts said.