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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.

Sep 30, 2010

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.

Sep 20, 2010

IBM to buy analytics company Netezza for $1.7 bln

NEW YORK, Sept 20 (Reuters) – IBM Corp (IBM.N: Quote, Profile, Research, Stock Buzz) said on
Monday it would buy data analytics company Netezza Corp (NZ.N: Quote, Profile, Research, Stock Buzz)
for $1.7 billion to expand its technology services business and
help clients better analyze market information.

IBM is shifting its focus from increasingly commoditized
computer hardware to higher-margin software and services,
particularly analytics, which help clients analyze market data
to plot trends or prevent fraud.

Sep 16, 2010

Dell still ambitious on M&A despite 3PAR loss

NEW YORK (Reuters) – Dell Inc (DELL.O: Quote, Profile, Research, Stock Buzz) plans more acquisitions after losing out to Hewlett-Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz) in a bidding war for data storage company 3PAR Inc, with targets including but not limited to storage, a senior executive said on Thursday.

Steve Schuckenbrock, president of Dell’s global large enterprise business, said acquisitions were a key part of the company’s efforts to sell a broader and more innovative set of technology services to business clients.

Sep 15, 2010

Brocade forecasts lower margins, shares fall

SAN FRANCISCO (Reuters) – Brocade Communications Systems Inc (BRCD.O: Quote, Profile, Research, Stock Buzz) forecast weaker margins as it cuts prices of its network equipment to better compete against Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz), sending its shares down nearly 4 percent on Wednesday.

Brocade said it could not give profit forecasts for the next fiscal year, partly due to economic uncertainty, and instead presented a two-year business model in which it saw total gross margins around 55 percent to 57 percent, down from a previous target of 59 percent to 61 percent.

Sep 14, 2010

Cisco to begin paying dividend in 2011

SAN JOSE, California (Reuters) – Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) plans to pay a dividend for the first time, responding to demands it share some of its cash hoard while broadening its appeal to more conservative investors.

Chief Executive John Chambers, who has long promised to eventually dole out dividends, said the time was right to start paying one of about 1 to 2 percent in fiscal 2011, which ends in July.

Sep 14, 2010

Cisco says time right for first dividend in 2011

SAN JOSE, California, Sept 14 (Reuters) – Cisco Systems Inc
(CSCO.O: Quote, Profile, Research, Stock Buzz) plans to pay a dividend for the first time in its
current fiscal year, responding to demands that it return some
of its cash hoard to investors.

Shares of the company climbed 3 percent after CEO John
Chambers said on Tuesday the “time is right” to start paying a
dividend of around 1 to 2 percent in fiscal 2011, which ends in
July.

Sep 7, 2010

Lenovo to launch tablet PC later this year

NEW YORK, Sept 7 (Reuters) – Lenovo Group (0992.HK: Quote, Profile, Research, Stock Buzz) plans
to launch a tablet computer in China later this year, joining
its rivals and handset vendors chasing after the success of
Apple Inc’s (AAPL.O: Quote, Profile, Research, Stock Buzz) iPad.

Chief Operating Officer Rory Read said on Tuesday that the
company, the world’s No. 4 PC brand, will eventually sell the
tablet PCs in emerging markets and then move to more developed
economies.

Sep 7, 2010

Oracle hires former HP’s Hurd

NEW YORK (Reuters) – Silicon Valley technology giant Oracle Corp has hired Mark Hurd, the former chief executive of Hewlett-Packard Co who resigned amid a scandal, as president.

Hurd, a close friend of Oracle CEO Larry Ellison will replace Charles Phillips, who has resigned, Oracle said in a statement on Monday. Phillips was co-president alongside Safra Catz, who remains in her role.

Sep 7, 2010

Oracle hires former HP’s Hurd, Phillips leaves

NEW YORK, Sept 6 (Reuters) – Silicon Valley technology
giant Oracle Corp (ORCL.O: Quote, Profile, Research, Stock Buzz) has hired Mark Hurd, the former
chief executive of Hewlett-Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz) who resigned amid
a scandal, as president.

Hurd, a close friend of Oracle CEO Larry Ellison will
replace Charles Phillips, who has resigned, Oracle said in a
statement on Monday. Phillips was co-president alongside Safra
Catz, who remains in her role.