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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.

Jul 28, 2010

Akamai profit and cost outlook weigh on shares

NEW YORK (Reuters) – Akamai Technologies Inc’s (AKAM.O: Quote, Profile, Research, Stock Buzz) business outlook disappointed investors who expected greater profit from the growing popularity of online entertainment, sending the shares down 5 percent after-hours on Wednesday.

Higher costs also worried some analysts, although the company said the investment was crucial to support growing demand for online entertainment like high-definition movie downloads and real-time streaming of sports events.

Jul 27, 2010

Tellabs shares fall on AT&T fears but results beat

NEW YORK (Reuters) – Fears that Tellabs Inc (TLAB.O: Quote, Profile, Research, Stock Buzz) may lose some business with top customer AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz) to a rival sent the company’s shares down 7 percent on Tuesday, despite its stronger-than-expected results and outlook.

The communications equipment maker said it was benefiting from a push by phone companies to upgrade wireless networks that support smartphones and other new devices, but cited tough competition among vendors.

Jul 21, 2010

Juniper revenue up but shares dip on modest outlook

NEW YORK (Reuters) – Juniper Networks Inc’s (JNPR.N: Quote, Profile, Research, Stock Buzz) quarterly revenue rose 24 percent as companies resumed spending on network equipment, but the shares fell on disappointment that its earnings outlook was merely in line with Wall Street’s forecast.

Juniper’s second-quarter results and revenue outlook for the current quarter exceeded the market’s estimates, but analysts said the modest profit forecast was a letdown.