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Aug 23, 2010

HP launches $1.6 billion bid for 3PAR

NEW YORK (Reuters) – Hewlett-Packard Co offered $1.6 billion for 3PAR Inc on Monday, topping technology rival Dell Inc’s deal to buy the data storage company and potentially sparking a bidding war.

HP’s move to acquire 3PAR for about one-third more than Dell’s offer comes during a rush of mergers in the technology sector, with companies taking advantage of cash stockpiles and relatively low stock market prices.

Aug 23, 2010

HP launches bid for 3PAR, topping Dell offer

NEW YORK, Aug 23 (Reuters) – Hewlett-Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz)
offered $1.6 billion for 3PAR Inc (PAR.N: Quote, Profile, Research, Stock Buzz) on Monday, topping
technology rival Dell Inc’s (DELL.O: Quote, Profile, Research, Stock Buzz) deal to buy the data
storage company and potentially sparking a bidding war.

HP’s move to acquire 3PAR for about one-third more than
Dell’s offer comes during a rush of mergers in the technology
sector, with companies taking advantage of cash stockpiles and
relatively low stock market prices.

Aug 16, 2010

Dell to buy storage company 3PAR for $1.15 billion

NEW YORK (Reuters) – Dell Inc plans to buy data storage company 3PAR Inc for $1.15 billion in cash, expanding its cloud computing business to compete with other technology services companies like IBM.

Dell said it would pay $18 a share for 3PAR, an 87 percent premium over Friday’s closing price. The deal would further expand Dell’s presence in technology services, a business that often yields higher profit margins than personal computers but is increasingly competitive.

Aug 12, 2010

Cisco CEO Chambers stokes fears of ‘downturn 2.0′

NEW YORK (Reuters) – Cisco Systems Inc(CSCO.O: Quote, Profile, Research) CEO John Chambers’ comments on the economy sent jitters through financial markets on Thursday, stoking fears that a recovery in technology spending could be waning.

Chambers’ warning of “unusual uncertainty” and Cisco’s weaker-than-expected revenue forecast on Wednesday forced investors to reconsider their views of technology stocks following stellar results from Intel Corp(INTC.O: Quote, Profile, Research) last month.

Aug 12, 2010

Cisco CEO Chambers fears of ‘downturn 2.0′

NEW YORK, Aug 12 (Reuters) – Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) CEO
John Chambers’ comments on the economy sent jitters through
financial markets on Thursday, stoking fears that a recovery in
technology spending could be waning.

Chambers’ warning of “unusual uncertainty” and Cisco’s
weaker-than-expected revenue forecast on Wednesday forced
investors to reconsider their views of technology stocks
following stellar results from Intel Corp (INTC.O: Quote, Profile, Research, Stock Buzz) last month.

Aug 12, 2010

Cisco sees “unusual uncertainty,” sales disappoint

NEW YORK (Reuters) – Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) CEO John Chambers warned of “unusual uncertainty” in the economy and forecast revenue that missed Wall Street targets, sending its shares plummeting and raising fears that a nascent recovery in technology spending could be derailed.

The cautious comments from the man often known as Silicon Valley’s biggest cheerleader disappointed investors who had expected growing Internet traffic would spur stronger sales of Cisco’s network equipment and send a positive signal to the broader technology sector.

Aug 11, 2010

Cisco revenue misses Wall Street view

NEW YORK, Aug 11 (Reuters) – Cisco Systems Inc’s (CSCO.O: Quote, Profile, Research, Stock Buzz)
quarterly revenue and outlook missed Wall Street expectations
and Chief Executive John Chambers cited “unusual uncertainty”
in the economy, sending its shares plunging 8 percent.

The results from the world’s biggest network equipment
maker disappointed investors who had thought that growing
Internet traffic would have spurred stronger sales of routers
and switches, even amid concerns about the economic recovery.

Aug 9, 2010

HP shares falls on Hurd shock

NEW YORK (Reuters) – Hewlett-Packard Co’s share price (HPQ.N: Quote, Profile, Research, Stock Buzz) fell in early trading on Monday, three days after CEO Mark Hurd resigned following an investigation into his relationship with a contractor.

HP shares, which had doubled since Hurd took the helm five years ago and implemented drastic cost cuts, were trading at around $42.58 on Monday morning, down 8 percent from their NYSE close of $46.30 on Friday.

Aug 9, 2010

HP shares fall on Hurd shock; some see bargain

NEW YORK, Aug 9 (Reuters) – Hewlett-Packard Co’s share
price (HPQ.N: Quote, Profile, Research, Stock Buzz) fell in early trading on Monday, three days after
CEO Mark Hurd resigned following an investigation into his
relationship with a contractor.

HP shares, which had doubled since Hurd took the helm five
years ago and implemented drastic cost cuts, were trading at
around $42.58 on Monday morning, down 8 percent from their NYSE
close of $46.30 on Friday.

Aug 5, 2010

IBM, Aetna tie up to offer clinical support service

NEW YORK, Aug 5 (Reuters) – IBM (IBM.N: Quote, Profile, Research, Stock Buzz) and Aetna Inc
(AET.N: Quote, Profile, Research, Stock Buzz) on Thursday jointly launched a service aimed at helping
hospitals improve patient care by making better use of
electronic medical records and other digital data.

International Business Machines Corp said the service,
developed with Aetna subsidiary ActiveHealth Management, would
help physicians access patients’ health data like previous
medical records, claims, and lab data from multiple sources and
quickly analyze what the best treatment might be.