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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.

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.