Market News

IBM (IBM)

IBM plans to hire 500 customer-service employees and train them at its campus in Boulder over the next several years (probably by 2014) in an effort to expand its local call-center outsourcing business.
IBM has been focused on expanding its outsourcing business and thus continues to hire employees. IBM's Boulder campus is a global services hub that handles IT support, data storage and disaster recovery services for other businesses. IBM already has about 2,800 employees at the site.

Dec 31 · 12:10:00 PM · Source: Financial News USA
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by Michael Oliveto

IBM (IBM)

IBM said that its Global Financing unit will provide underwriting services to four providers of technology used to advance electronic record-keeping, clinical software solutions and information management among healthcare organizations and practitioners.
The offer is important because it addresses a high priority on the government’s list of infrastructure projects, namely, the large-scale modernizing of electronic healthcare records, known as EHR, as reflected by the backing of some $20 billion in funding under the American Recovery and Reinvestment Act (ARRA), commonly referred to as the stimulus package.

Dec 31 · 11:59:00 AM · Source: IT Channel Planet
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by Michael Oliveto

HP (HPQ)

HP has applied for a trademark on the Zeen moniker, according to the United States Patent and Trademark Office, and described it as covering a “portable handheld device for receiving and displaying text and images and sound; computer software for use in transmitting and displaying text, images and sound; computer peripherals; computer hardware.”
Over the last few months, the company has quietly been applying for some glitzy-sounding trademarks, the glitziest of which cover mobile computing devices and wireless lifestyles.

Dec 31 · 11:56:00 AM · Source: The New York Times
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by Michael Oliveto

Apple (AAPL)

Apple's data-hungry iPhone at times overwhelmed London operator O2's network during the last six months but additional capacity helped ease the problem by December, O2 said on Tuesday.
O2, which is owned by Spain's Telefonica said some customers in the UK capital had periodically not been able to make or receive calls or transmit data because of pressure on the network from smartphones such as the iPhone. O2, whose exclusive contract to market the Apple handset in the UK expired in November, had seen an 18-fold increase in data traffic since the start of the year, a spokesman said.

Dec 29 · 4:38:00 PM · Source: Reuters
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by Michael Oliveto

Apple (AAPL)

Nokia Oyj announced that it has filed a complaint with the United States International Trade Commission (ITC) alleging that Apple infringes Nokia patents in virtually all of its mobile phones, portable music players, and computers.
The seven Nokia patents in this complaint relate to Nokia's pioneering innovations that are now being used by Apple to create key features in its products in the area of user interface, as well as camera, antenna and power management technologies.

Dec 29 · 4:36:00 PM · Source: Reuters
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by Michael Oliveto

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
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by Michael Oliveto

Microsoft (MSFT)

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
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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
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by Michael Oliveto

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