Market News

IBM (IBM)

IBM board of directors declared a regular quarterly cash dividend of $0.55 per common share, payable December 10, 2009 to stockholders of record November 10, 2009.
With the payment of the December 10 dividend, IBM will have paid consecutive quarterly dividends every year since 1916.

Nov 5 · 1:41:00 PM · Source: Business Wire
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Google (GOOG)

Google Inc.'s quarterly lobbying expenses eclipsed $1 million for the first time during the summer as the company tried to build on its dominance of Internet search and expand into other markets.
The company spent nearly $1.1 million trying to influence lawmakers and regulators in the third quarter, a 50 percent increase from the July-September period last year, according to a recent disclosure statement.

Nov 5 · 1:11:00 PM · Source: AP
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Cisco (CSCO)

Cisco Wednesday reported a quarterly profit of $1.8 billion, or 36 cents a share, compared with a profit of $2.2 billion, or 42 cents a share, for the same quarter a year ago. Revenue for the first fiscal quarter in 2009 was $9 billion, down from $10.3 billion during the same quarter a year prior.

Nov 4 · 6:53:00 PM · Source: Company News
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

EMC (EMC)

EMC, Cisco, and VMware unveiled a joint venture to help sell a new integrated data center product, part of a broader alliance between the three giants as tech companies move to offer a wider range of products and services.
The joint venture, called Acadia, will help sell and provide support to large businesses and cloud service providers for the new product, named V-Block, combining EMC's storage equipment, Cisco's virtualized servers and networking gear, and VMware's virtualization technology.

Nov 4 · 4:22:00 PM · Source: The Wall Street Journal
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Dell (DELL)

Dell announced the completion of its tender offer for Perot Systems Corporation, an offer which has expired. Dell has accepted the shares validly tendered and has notified Perot Systems Corporation of its exercise of its top-up option to acquire Perot Systems shares.
As a result of the tenders and the top-up option exercise, Dell will own more than 90% of outstanding Perot Systems Corporation shares and expects to promptly complete the acquisition of Perot Systems Corporation, significantly expanding Dell`s portfolio of technology services and business solutions.

Nov 4 · 1:57:00 PM · Source: Reuters
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Dell (DELL)

Dell was found liable for $12.8 million in damages over unfair competition and conspiracy claims in a lawsuit involving the New Orleans’ problematic crime camera surveillance program.
Defense attorneys characterized Southern Electronics Supply Inc. and Active Solutions LLC as losers in a competitive environment whose own pricing and pace of work cost them city business. They also suggested the local companies were going after Dell because of its relatively deep pockets.

Nov 4 · 1:30:00 PM · Source: Mercury News
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Cisco (CSCO)

Cisco may drop its 17.2 billion-krone ($3.04 billion) offer for Tandberg ASA as shareholders owning 24 percent of the Norwegian company press for a higher offer, said a person familiar with the transaction.
If Cisco is unable to get investors with 90% of Tandberg to approve its 153.50 kroner-a-share offer, it would strongly consider walking away, said the person who declined to be identified. Investors have until November 9 to accept the offer.

Nov 3 · 5:04:00 PM · Source: Bloomberg
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Apple (AAPL)

Apple reported in its 10-K that it has budgeted $1.9 billion in capital expenditures for fiscal 2010 which is 70% more than the $1.1 billion it spent in 2009.
According to its 10-K, the company “anticipates utilizing approximately $1.9 billion for capital asset purchases during 2010, including approximately $400 million for Retail facilities and approximately $1.5 billion for corporate facilities, infrastructure, and product tooling and manufacturing process equipment.”

Nov 3 · 11:37:00 AM · Source: All Things Digital
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Previous · Next