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Ritsuko's Feed
Dec 9, 2010

Dell offers nearly $1 billion to buy Compellent

NEW YORK (Reuters) – Dell Inc (DELL.O: Quote, Profile, Research, Stock Buzz) offered to buy data storage company Compellent Technologies Inc (CML.N: Quote, Profile, Research, Stock Buzz) for nearly $1 billion, three months after losing out to Hewlett-Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz) in a bidding war for another storage firm, 3Par.

The computer maker said on Thursday it is bidding $27.50 a share for Compellent, an 18 percent discount from Wednesday’s closing Nasdaq price. Shares were down 14 percent at $29.01 in early trading, albeit still at a premium to Dell’s bid, indicating expectations that a higher bid could emerge.

Dec 8, 2010

Akamai outlook key to holding stock’s momentum

NEW YORK (Reuters) – Internet content delivery company Akamai Technologies Inc (AKAM.O: Quote, Profile, Research, Stock Buzz) needs to give a strong sales forecast on Thursday if it wants to keep from falling out of Wall Street’s favor, amid concerns it may be losing some market share and profitability.

Akamai’s annual investor meeting comes a month after news it was renegotiating its contract with Netflix Inc (NFLX.O: Quote, Profile, Research, Stock Buzz), jeopardizing its place as the movie rental company’s top vendor. Already, Netflix has brought on board rival Level 3 Communications Inc (LVLT.O: Quote, Profile, Research, Stock Buzz) as one of its primary vendors.

Nov 30, 2010

Netflix partner Level 3 ups attack on Comcast fee

NEW YORK, Nov 30 (Reuters) – Level 3 Communications
(LVLT.O: Quote, Profile, Research, Stock Buzz), which helps online movie rental site Netflix (NFLX.O: Quote, Profile, Research, Stock Buzz)
stream videos to viewers, stepped up its attack on top U.S.
cable provider Comcast Corp (CMCSA.O: Quote, Profile, Research, Stock Buzz) for demanding a fee to
carry videos and other bandwidth-heavy Web traffic.

The escalating dispute reflects how booming content
businesses like Netflix are disrupting the economics of
Internet services, and it could disrupt Comcast’s planned
merger with NBC Universal, analysts said.

Nov 24, 2010

Oracle ruling slams SAP’s reputation

FRANKFURT/NEW YORK (Reuters) – SAP AG, slapped with a record $1.3 billion fine for stealing Oracle’s software, faces the task of salvaging its tarnished reputation and convincing U.S. clients not to flee to Oracle or International Business Machines Corp.

While SAP may get the damages reduced through an appeal, a prolonged legal battle could hurt its credibility and give rivals, which also include Microsoft Corp and Salesforce.com Inc, an advantage.

Nov 18, 2010

Cisco CEO apologizes to shareholders

NEW YORK, Nov 18 (Reuters) – Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz)
Chief Executive John Chambers repeatedly apologized to
shareholders on Thursday for a weak sales outlook last week
that sparked a sell-off in the company’s shares.

He also said the network equipment maker was unlikely to
lose market share in its core business of routing and
switching, although he noted strong competition and named
Huawei Technologies Co Ltd [HWT.UL] as its biggest rival.

Nov 15, 2010

EMC to buy data storage firm Isilon for $2.25 billion

BOSTON/NEW YORK (Reuters) – EMC Corp (EMC.N: Quote, Profile, Research, Stock Buzz), the biggest maker of corporate data storage equipment, plans to buy smaller rival Isilon Systems Inc (ISLN.O: Quote, Profile, Research, Stock Buzz) for $2.25 billion as consolidation in the technology sector gains steam.

Large, cash-rich technology companies like EMC are buying up smaller rivals as they position themselves for an economic recovery.

Nov 11, 2010

Gov’t deals, once boon for Cisco, now a problem

NEW YORK (Reuters) – Cisco Systems Inc’s reliance on government spending for a big piece of its business was seen as a good thing — until governments stopped spending.

Now, a sudden crunch in spending by debt-burdened European nations and U.S. state and local governments is partly to blame for a bleak forecast that rocked global markets.

Nov 11, 2010

Analysis: Government deals, once boon for Cisco, now a problem

NEW YORK (Reuters) – Cisco Systems Inc’s (CSCO.O: Quote, Profile, Research, Stock Buzz) reliance on government spending for a big piece of its business was seen as a good thing — until governments stopped spending.

Now, a sudden crunch in spending by debt-burdened European nations and U.S. state and local governments is partly to blame for a bleak forecast that rocked global markets.

Nov 11, 2010

Cisco’s dismal outlook stuns Street

NEW YORK (Reuters) – Cisco Systems Inc (CSCO.O: Quote, Profile, Research) gave a dismal revenue outlook, stunning investors who had hoped for proof of a recovery in technology spending, and sending major tech stocks falling.

Forecasts for quarterly and yearly revenue fell far short of Wall Street’s expectations, a big disappointment for a company known for solid management and seen as a top beneficiary of the surge in global wireless and Internet traffic. Cisco shares tumbled 13 percent after-hours.

Nov 11, 2010

Cisco’s dismal outlook stuns Street, hits sector

NEW YORK, Nov 10 (Reuters) – Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz)
gave a dismal revenue outlook, stunning investors who had hoped
for proof of a recovery in technology spending and sending
major tech stocks tumbling.

Forecasts for quarterly and yearly revenue fell far short
of Wall Street’s expectations, a big disappointment for a
company known for solid management and seen as a top
beneficiary of the surge in global wireless and Internet
traffic. Cisco shares tumbled over 14 percent.