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.
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.
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.
Cisco shares fell 14.2 percent on Thursday to their lowest
level since July 2009, as eroding margins stoked concerns that
competition and dwindling public sector spending are stunting
its growth. [ID:nN08294447]
NEW YORK, Feb 10 (Reuters) – After disappointing Wall
Street quarter after quarter, Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) may be
losing its status as a tech industry bellwether.
Cisco shares were down 13 percent by midday on Thursday and
falling margins stoked concerns that competition and dwindling
public sector spending are stunting its growth.
NEW YORK, Feb 9 (Reuters) – Network equipment maker Cisco
Systems Inc’s (CSCO.O: Quote, Profile, Research, Stock Buzz) CEO John Chambers spooked investors for
the third time in as many quarters, warning of dwindling public
spending and weaker margins from tough competition.
Cisco shares fell 10 percent after hours on Wednesday.
Shares of peers such as Juniper Networks Inc (JNPR.N: Quote, Profile, Research, Stock Buzz), F5
Networks Inc (FFIV.O: Quote, Profile, Research, Stock Buzz) and Riverbed Technology Inc (RVBD.O: Quote, Profile, Research, Stock Buzz) also
declined, but the recurring let-downs raised questions about
whether Cisco is still the industry bellwether it once was.
NEW YORK (Reuters) – Network equipment maker Cisco Systems Inc’s weaker quarterly margins seemed to confirm investors’ fears that growing competition may be forcing the company to cut prices to protect market share.
Shares of Cisco fell more than 7 percent after Cisco Chief Executive John Chambers failed to reassure investors that public sector spending, a major source of concern in prior quarters, would improve. It could weaken in the next few quarters, he said.
NEW YORK, Feb 9 (Reuters) – After spooking the market for
two quarters with cautious forecasts, Cisco Systems Inc
must do more than meet or modestly beat analysts’ forecasts to
win back investor confidence.
Investors want Chief Executive John Chambers to show the
network equipment maker is gaining stability, and fighting off
rivals like Hewlett-Packard Co while winning orders for
routers and switches despite budget cuts among public sector
NEW YORK (Reuters) – No longer Wall Street’s top over-achiever, network equipment maker Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) must persuade wary investors it can fight off rivals such as Hewlett-Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz) and soothe concerns about public sector spending cuts.
Although most investors forecast modest year-over-year revenue growth, some said they were approaching Cisco’s quarterly report next Wednesday with caution after surprisingly weak forecasts in the past two quarters.
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.