Market News

HP (HPQ)

HP Thursday announced enhancements to the HP Integrity NonStop portfolio that deliver increased capacity, improved performance and enhanced enterprise integration, enabling customers to drive business efficiency while providing greater service levels.

Dec 17 · 12:08:00 PM · Source: Company News Release
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by Larry Etter

Texas Instruments (TXN)

Yahoo Finance is reporting that Texas Instruments raised its fourth-quarter profit and sales outlook on Tuesday, citing an improving market for chips used in cell phones and other electronic gadgets like hard disk drives and video game consoles. Texas Instruments now expects to earn between 47 cents and 51 cents per share, up from a prior estimate of 42 cents to 50 cents and above third-quarter earnings of 42 cents per share.

Dec 8 · 8:46:00 PM · Source: Yahoo Finance
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by Rich Pike

Apple (AAPL)

Apple is in talks to buy online music company Lala Media Inc., according to two people with knowledge of the situation, possibly signaling an expansion of the Company's music strategy.
Terms could not be learned.

Dec 7 · 2:42:00 PM · Source: Reuters
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by Michael Oliveto

Marvell (MRVL)

Marvell reported a third-quarter profit of 35 cents a share, on sales of $803.1 million. One year ago, Marvell reported earnings of 23 cents a share on $791 million in sales. Marvell forecasts it will earn between 33 cents and 39 cents a share in fourth quarter, excluding one-time items, with sales in range of $820 million to $850 million.
Marvell makes chips for a wide variety of products, including Western Digital's hard drives and Research in Motion's BlackBerry smartphones. The company said it has seen improved demand across its entire portfolio.

Dec 4 · 5:02:00 PM · Source: CNBC.com
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by Rich Pike

Cisco (CSCO)

Cisco Systems Inc. said Wednesday it now has about 84 percent of Tandberg ASA’s shares.
Cisco's holdings now bring it closer to completing a 19 billion-kroner ($3.39 billion) purchase of the Norwegian maker of video-conferencing systems.

Dec 2 · 1:52:00 PM · Source: Company News Release
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by Larry Etter

Gartner, Inc. (IT)

Gartner, Inc., the leading provider of research and analysis on the global information technology industry, Tuesday announced that it has agreed to acquire AMR Research, Inc. for approximately $64 million in cash, subject to certain closing adjustments. With projected full year 2009 revenues of approximately $40 million, AMR Research is a leading research and advisory services firm serving supply chain management and IT professionals.

Dec 1 · 12:07:00 PM · Source: Company News Release
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by Larry Etter

HP (HPQ)

HP said Monday that its earnings jumped 14 percent to $2.4 billion, or 99 cents per share, in the three months ended Oct. 31, compared with $2.1 billion, or 84 cents per share, in the year-ago period. Excluding one-time items, net income totaled $1.14 per share. Sales fell 8 percent to $30.8 billion, or dropped 5 percent if currency fluctuations are stripped out. HP also added $8 billion to its stock buyback program, boosting the total amount available to $12 billion.
Sales and earnings exceeded expectations.

Nov 24 · 11:51:00 AM · Source: Company News Release
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by Larry Etter

CIENA (CIEN)

Ciena Corp., a fiber-optic gear maker for phone companies, won an auction for Nortel Networks Corp.’s optical-networking business, topping a bid from Nokia Siemens Networks by raising its offer to $769 million. Ciena will pay $530 million in cash and issue $239 million of convertible notes, according to a statement from the company today. It expects to close the deal in the first quarter.

Nov 23 · 2:26:00 PM · Source: Company News
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by Larry Etter

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