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.
NEW YORK (Reuters) – Data storage company EMC Corp’s (EMC.N: Quote, Profile, Research, Stock Buzz) quarterly results and full-year outlook beat Wall Street forecasts, adding to evidence of a recovery in business technology spending.
NEW YORK (Reuters) – International Business Machines Corp’s quarterly profit blew past Wall Street estimates, and a long-hoped-for recovery in its services business raised optimism that global companies were confident enough to spend more on technology.
IBM shares rose 2.7 percent after-hours after the company reported that fourth-quarter net income rose 9 percent to $5.3 billion. Its earnings per share (EPS) of $4.18 easily exceeded its $3.59 of the year-earlier quarter and Wall Street’s average forecast of $4.08, according to Thomson Reuters I/B/E/S.
NEW YORK (Reuters) – International Business Machines Corp’s quarterly profit blew past Wall Street estimates, and a pick-up in services contracts raised hopes that global companies were confident enough to spend more on technology.
IBM shares rose 2.4 percent after-hours to $154.34 after the company reported quarterly net income of $5.3 billion, or $4.18 per share, compared with $4.8 billion, or $3.59 per share, a year earlier.
NEW YORK, Jan 14 (Reuters) – A strong report from IBM Corp
(IBM.N: Quote, Profile, Research, Stock Buzz), particularly a pick-up in technology services
contracts that have been a weak point in the past year, could
lift Wall Street’s confidence in the technology sector.
While investors on Friday looked at Intel Corp’s (INTC.O: Quote, Profile, Research, Stock Buzz)
strong outlook with skepticism, due in part to the chipmaker’s
reversal of a bullish outlook last year, analysts said a solid
report from IBM on Tuesday could encourage them to reconsider.
YORKTOWN HEIGHTS, New York (Reuters) – Computer history for $400?
An IBM computer won the practice round on popular quiz show Jeopardy! against two top contestants, showing artificial intelligence has come a long way in simulating how humans think.
“We have created a computer system which has the ability to understand natural human language, which is a very difficult thing for a computer to do,” said John Kelly, the director of IBM Research.
NEW YORK (Reuters) – Internet calling service Skype said its system was still down for around 20 percent of users on the second day of its biggest outage in more than three years, although service was gradually recovering.
Skype Chief Executive Tony Bates, facing his biggest challenge since being hired in early October, said Skype was focused on restoring the service and “progress is going well.”