Market News

Apple (AAPL)

Thomas Weisel upped Apple's price target from $245 to $250. They maintained their rating as Overweight.
2010 and 2011 EPS estimates were increased to $7.82 and $9.82, respectively.

Dec 29 · 4:10:00 PM · Source: The Street
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

McKool Smith is announcing that the U.S. Court of Appeals for the Federal Circuit today upheld a $290 million verdict and permanent injunction against Microsoft in a Texas patent infringement case won by Toronto-based technology provider i4i Inc.
In its ruling today, the Federal Circuit affirmed the May 20, 2009 jury verdict of $200 million for Microsoft’s willful infringement of an i4i patent covering a document production system that implements what Microsoft has called Custom XML.

Dec 29 · 2:33:00 PM · Source: Open PR
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

IBM (IBM)

IBM announced it will provide information technology (IT) services to Discover Financial Services through 2015 as a result of an extended outsourcing agreement between the two companies.
As part of the agreement, IBM will continue providing management and support for some of Discover’s most critical IT operations. IBM will make investments in software, processing, and storage technologies that will result in improved operations, efficiency, reporting and compliance.

Dec 29 · 1:55:00 PM · Source: PR-Canada · Related: Discover Financial Services
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

IBM (IBM)

IBM announced that it has signed a 10-year information technology (IT) services agreement with Sardar Bhiladwala Pardi People's Co-operative Bank Ltd. (SBPPCB), one of the leading co-operative banks in Gujarat.
The engagement, a complete operational expenditure (pay-as-you-go) model, will enable the bank to save up to 50 percent in its capital expenditure on IT infrastructure. As part of the agreement, IBM will provide Managed Continuity Services encompassing server management, network and security management, backup and database management.

Dec 29 · 1:52:00 PM · Source: CNN Money
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

3Com Corporation (COMS)

Computer networking maker 3Com Corp. said Wednesday its fiscal second-quarter net income increased 55% to $19.99 million, or 5 cents a share, from $12.9 million, or 3 cents a share in the year-ago period. Adjusted net income was 9 cents a share in the latest period. Revenue dropped to $322 million from $355 million.
Earnings missed analyst expectations by a little bit.

Dec 23 · 11:11:00 AM · Source: Company News Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Research in Motion (RIMM)

Research in Motion reported for the 3rd-quarter 2009 earnings of $628.4 million, or $1.10 per share, on sales of $3.92 billion. That compares to the prior year earnings of $396.3 million, or $.69 per share, on sales of $2.78 billion.
Earnings per share for the fourth quarter are expected to be in the range of $1.23-$1.31 per share diluted. "We are pleased to report record shipments of more than 10 million BlackBerry smartphones during the third quarter with higher than expected revenue, earnings and subscriber growth," said Jim Balsillie, Co-CEO at Research In Motion. "RIM is experiencing a great start to the holiday buying season and the strong Q3 results and Q4 outlook clearly reflect the strength of our diversified product portfolio as well as the success of our efforts to expand into broader customer segments and new geographies while maintaining our strong position in North America."

Dec 18 · 2:16:00 PM · Source: Company Press Release
Track · email · face · Twitter · digg · COMMENTS
by Rich Pike