Bureau Chief, Helsinki
Ritsuko's Feed
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.

Jul 20, 2010

IBM contracts and revenue disappoint

NEW YORK (Reuters) – IBM (IBM.N: Quote, Profile, Research, Stock Buzz) disappointed investors by reporting a decline in new technology services contracts in the second quarter, while a weaker euro hit revenue more than expected, sending its shares down more than 4 percent.

While firm growth in the company’s higher-margin software unit and sales in emerging markets bolstered profit, Monday’s results were not as good as investors had wanted to see from the world’s biggest technology services company.

Jul 20, 2010

IBM gives four executives expanded responsibilities

NEW YORK (Reuters) – International Business Machines Corp (IBM.N: Quote, Profile, Research, Stock Buzz) said Chief Financial Officer Mark Loughridge and senior executives Michael Daniels, Steven Mills and Virginia Rometty would be given broader responsibilities at the company, according to an internal memo obtained by Reuters.

Loughridge, 56, will hold on to his role as CFO, but will be given a broader role as senior vice president of “Finance and Enterprise Transformation,” the memo said.

Jul 19, 2010

IBM contracts, revenue disappoint; shares fall

NEW YORK, July 19 (Reuters) – IBM (IBM.N: Quote, Profile, Research, Stock Buzz) disappointed
investors by reporting a decline in new technology services
contracts in the second quarter, while a weaker euro hit
revenue more than expected, sending its shares down more than 4
percent.

While firm growth in the company’s higher-margin software
unit and sales in emerging markets bolstered profit, Monday’s
results were not as good as investors had wanted to see from
the world’s biggest technology services company.