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May 24, 2010

IBM to buy AT&T’s Sterling Commerce for $1.4 billion

NEW YORK/BOSTON (Reuters) – IBM <IBM.N> plans to buy Sterling Commerce from AT&T Inc <T.N> for about $1.4 billion in cash, extending the technology behemoth’s portfolio of business software.

The move comes amid a flurry of software acquisitions by International Business Machines Corp, Oracle Corp <ORCL.O> and SAP AG <SAPG.DE>, as they look to sell a broad set of products and services to large corporations.

May 21, 2010

CEO likes NetApp alone against giants

SAN FRANCISCO (Reuters) – When Tom Georgens took over over as CEO of storage equipment maker NetApp Inc <NTAP.O> last August, the technology sector was in the midst of a record decline.

He navigated the company as it emerged from the economic storm, watching its stock price climb 56 percent in nine months, nearly triple the gain of rival EMC Corp <EMC.N>.

May 21, 2010

Cisco to launch $500 home TelePresence

SAN FRANCISCO (Reuters) – Cisco Systems Inc <CSCO.O> is testing a consumer version of its TelePresence videoconferencing system and expects to begin selling the product late this year for around $500.

Cisco already sells high-end videoconferencing systems to businesses for as much as $300,000 per unit, and analysts have said its challenge would be to come up with a more affordable version.

May 21, 2010

Dell plagued by supply shortage

SAN FRANCISCO (Reuters) – Dell Inc’s <DELL.O> quarterly sales and profit beat expectations but its gross margin fell short of analysts’ forecasts and the computer maker warned that components supply will remain tight.

Dell, whose shares fell 3 percent after the results on Thursday, has been struggling to boost profitability due to both sales of lower-cost personal computers and higher costs of components, including memory.

May 21, 2010

Dell margins miss; plagued by supply shortage

SAN FRANCISCO, May 20 (Reuters) – Dell Inc’s <DELL.O>
quarterly sales and profit beat expectations but its gross
margin fell short of analysts’ forecasts and the computer maker
warned that components supply will remain tight.

Dell, whose shares fell 3 percent after the results on
Thursday, has been struggling to boost profitability due to
both sales of lower-cost personal computers and higher costs of
components, including memory.

May 19, 2010
via MediaFile

HP: Think before you ‘dis’ print(ing)

Photo


All those reminders to “think before you print” and the use of the email for most official correspondence might make¬†you believe¬†the office printer is no longer so important. The reality, however, is that we print more than ever, according to Vyomesh Joshi, Executive VP of Hewlett-Packard’s imaging and printing group, who sat down with the Reuters Global Technology Summit in San Francisco.

The truth is, even company executives don’t realize might be surprised much printing and printing-related is going on, he says.

May 18, 2010

Brocade sees pent-up demand but cautious

SAN FRANCISCO (Reuters) – Brocade Communications Systems Inc <BRCD.O> is optimistic that pent-up demand will fuel recovery in the tech sector although there are still reasons to be wary, a senior executive said on Monday.

Brocade’s chief marketing officer John McHugh said the network equipment maker is not looking for a buyer and is in good financial health, even though analysts have cited its more than $1 billion in debt as a concern for a company with a market value of just $2.9 billion.

May 13, 2010

Cisco results top estimates but investors wary

NEW YORK (Reuters) – Cisco Systems Inc’s quarterly results topped Wall Street forecasts as a global economic recovery encouraged companies to upgrade their networks, but CEO John Chambers’ cautious tone prompted investors to sell the shares.

Chambers said that while the company was making the most of improving business sentiment and was gaining market share, there was still need for some caution as U.S. employment data was still weak.

May 12, 2010

CEO says Cisco gaining share

NEW YORK (Reuters) – Cisco Systems Inc’s <CSCO.O> quarterly results topped Wall Street expectations and Chief Executive John Chambers said the network equipment maker is gaining market share as the global economic recovery accelerates.

Chambers, however, also cautioned investors to wait for more economic data before becoming too optimistic, and shares of the company fell 3 percent in extended trading after gaining 3 percent on Nasdaq earlier on Wednesday.

May 12, 2010

Cisco results top estimates, CEO says gaining share

NEW YORK, May 12 (Reuters) – Cisco Systems Inc’s <CSCO.O>
quarterly results topped Wall Street expectations and Chief
Executive John Chambers said the network equipment maker is
gaining market share as the global economic recovery
accelerates.

Chambers, however, also cautioned investors to wait for
more economic data before becoming too optimistic, and shares
of the company fell 3 percent in extended trading after gaining
3 percent on Nasdaq earlier on Wednesday.