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Nov 5, 2010

Cisco CEO comments key to igniting stock gains

NEW YORK (Reuters) – Investors will focus on whether Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) Chief Executive John Chambers, who spooked Wall Street last quarter with unusually cautious comments about the technology business, will regain some of his usual cheer when Cisco reports earnings next week.

The network equipment giant and sector bellwether is expected to deliver a strong set of results and an upbeat outlook. That, and a vote of confidence from Chambers, could boost its shares, which have languished in the past three months. A positive outlook could also raise hopes for a stronger recovery ahead in the overall technology sector.

Oct 27, 2010

Akamai calls Street’s view on 2011 “conservative”

NEW YORK, Oct 27 (Reuters) – Internet content delivery
company Akamai Technologies Inc (AKAM.O: Quote, Profile, Research, Stock Buzz) said sales in 2011
would likely exceed Wall Street’s forecasts due to the growing
popularity of online entertainment and shopping services,
sending the shares up 3.4 percent in after-hours trading.

Akamai also reported solid growth for the third quarter and
gave an upbeat outlook for the last three months of this year,
as more media companies and retailers seek its help in setting
up online services.

Oct 20, 2010

Dell plans ad makeover to shed low-price image

NEW YORK (Reuters) – Dell Inc is getting a marketing makeover, trying to shed its image as a cheaper alternative to rivals, including the sleek and highly popular gadgets sold by Apple Inc.

The world’s No. 2 PC maker said on Wednesday it will spend “hundreds and hundreds of millions” on an advertising campaign for its consumer business, to coincide with the launch of new products, including laptops with JBL speakers.

Oct 19, 2010

Juniper sales miss Street, shares slide

NEW YORK, Oct 19 (Reuters) – Juniper Networks’ (JNPR.N: Quote, Profile, Research, Stock Buzz)
quarterly revenue slightly missed Wall Street’s expectations,
disappointing investors who had hoped for stronger signs of a
recovery in network spending.

But Juniper, which competes with much bigger Cisco Systems
Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) in selling routers and switches, gave an upbeat
outlook for the current quarter, helping to limit a sell-off in
the shares.

Oct 18, 2010

IBM beats Street but shares retreat on weak services

NEW YORK, Oct 18 (Reuters) – IBM reported a
higher-than-expected profit and raised its outlook for the full
year, helped by sales of new hardware products, but its shares
retreated on sluggish sales of technology services.

International Business Machines Corp (IBM.N: Quote, Profile, Research, Stock Buzz) said its
quarterly net profit rose to $3.6 billion, or $2.82 a share,
compared to $3.2 billion, or $2.40 a share, a year earlier.
Analysts on average had expected earnings per share of $2.75,
according to Thomson Reuters I/B/E/S.

Oct 15, 2010

IBM Q3 seen strong, helped by new mainframe

NEW YORK (Reuters) – A new mainframe computer and a recovery in global tech spending likely buoyed International Business Machines Corp’s (IBM.N: Quote, Profile, Research, Stock Buzz) third quarter, giving its shares room to rise.

The shares climbed to record levels this week, but a stronger outlook, particularly in IT services, could nudge them even higher, analysts and investors said.

Oct 15, 2010

IBM 3rd-quarter seen strong, helped by new mainframe

NEW YORK (Reuters) – A new mainframe computer and a recovery in global tech spending likely buoyed International Business Machines Corp’s third quarter, giving its shares room to rise.

The shares climbed to record levels this week, but a stronger outlook, particularly in IT services, could nudge them even higher, analysts and investors said.

Oct 2, 2010

HP and new CEO brace for wave of software deals

NEW YORK (Reuters) – Hewlett-Packard’s (HPQ.N: Quote, Profile, Research, Stock Buzz) choice of CEO may spur a flurry of deals in the software industry, as it shores up one of the weakest parts of its business to do battle with Oracle (ORCL.O: Quote, Profile, Research, Stock Buzz) and IBM (IBM.N: Quote, Profile, Research, Stock Buzz).

Leo Apotheker, former head of German business software giant SAP (SAPG.DE: Quote, Profile, Research, Stock Buzz) and now newly installed chief executive at the world’s largest technology company, stressed that software was the “glue” tying its business together.

Oct 1, 2010

New HP CEO seen sharp but holds mixed record

NEW YORK (Reuters) – An outsider was what some Hewlett-Packard Co investors had hoped for. But Leo Apotheker, appointed HP’s new chief executive, may not be who they had in mind.

The 57-year old former head of SAP, a bon vivant fluent in five languages, was a surprise choice for the role, which many thought would go to a Silicon Valley veteran, if not an insider.

Sep 30, 2010

Exclusive: HP sought two IBM execs in CEO hunt: sources

SAN FRANCISCO/NEW YORK (Reuters) – Hewlett-Packard Co made overtures to two senior executives from rival IBM in its search for a new chief executive, but was rebuffed, according to people familiar with the matter.

In the early stages of a closely watched CEO hunt, now into its sixth week, HP reached out to Steve Mills, who leads IBM’s software and systems group, according to two sources with knowledge of the approach.