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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.

Sep 3, 2010

HP wins 3PAR for $2.4 billion as Dell drops out

NEW YORK (Reuters) – Hewlett-Packard Co won the bidding war to buy data storage company 3PAR Inc for $2.4 billion, as rival Dell Inc bowed out on Thursday.

HP raised its cash offer by $3 to $33 per share, beating Dell’s $32-a-share offer and ending an escalation of bids that many analysts said had gone too far.

Sep 2, 2010

HP wins 3PAR for $2.4 bln, Dell drops out

NEW YORK, Sept 2 (Reuters) – Hewlett-Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz) won
the bidding war to buy data storage company 3PAR Inc (PAR.N: Quote, Profile, Research, Stock Buzz)
for $2.4 billion, as rival Dell Inc (DELL.O: Quote, Profile, Research, Stock Buzz) bowed out on
Thursday.

HP raised its cash offer by $3 to $33 per share, beating
Dell’s $32-a-share offer and ending an escalation of bids that
many analysts said had gone too far. (Reuters Breakingviews
[ID:nN02200237] )

Sep 2, 2010

HP’s Donatelli wins 3PAR, status as CEO candidate

NEW YORK (Reuters) – Hewlett-Packard Co’s (HPQ.N: Quote, Profile, Research, Stock Buzz) fierce bidding war against Dell Inc (DELL.O: Quote, Profile, Research, Stock Buzz) for 3PAR Inc raised the profile of the once-obscure data storage business, and along with it the stature of HP executive Dave Donatelli.

Donatelli, who as head of enterprise servers, storage and networking marshaled the winning bid, is seen as one of the candidates to succeed Mark Hurd, the high-profile HP chief who stepped down on August 6 after a probe into his relationship with a contractor.

Sep 2, 2010

HP wins 3PAR for $2.4 billion, Dell bows out

NEW YORK (Reuters) – Hewlett-Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz) won the bidding war to buy data storage company 3PAR Inc (PAR.N: Quote, Profile, Research, Stock Buzz) for $2.4 billion, after rival Dell Inc (DELL.O: Quote, Profile, Research, Stock Buzz) bowed out from a drawn-out bidding war on Thursday.

HP raised its offer by $3 to $33 per share, beating Dell’s latest $32-a-share offer and ending an exchange of bids that escalated to levels that many analysts said was too high.

Aug 31, 2010

Dell expected to bow out of 3PAR bidding

NEW YORK (Reuters) – Dell Inc(DELL.O: Quote, Profile, Research) is widely expected to bow out of a bidding war with Hewlett-Packard Co for data storage company 3PAR Inc because of the increased price tag.

A survey of eight technology investors and analysts by Reuters on Monday found most expect Dell to soon give up its pursuit of 3PAR, either ceding to HP’s last offer of $30 per share or giving up at a few dollars higher at most.