Market News

Microsoft (MSFT)

China is a vital market for Microsoft's Web search business, as it chases leaders Baidu Inc and Google in the world's biggest Internet market, the company said.
Since launching its English-language Bing search site in June, Microsoft has been gaining steady share in the United States, with 10.3% in November versus 17.5% for Yahoo and 65.6% for dominant player Google, according to comScore. Microsoft hopes to get off to a similar fast start with its Chinese-language Bing site, which is still in its beta phase following a low-key launch in June.

Dec 31 · 12:54:00 PM · Source: Reuters
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by Michael Oliveto

Microsoft (MSFT)

Thomas Weisel Partners analyst Tim Klasell repeated his Overweight rating on Microsoft while lifting his target on the stock to $35, from $31.
Klasell upped his EPS forecast for the June 2010 fiscal year to $1.86, from $1.73; for FY 2011 he goes to $2.11, from $1.96. “The outlook for hardware shipments and the overall IT spending environment in 2010 has improved and the company has reduced its cost structure,” he writes.

Dec 31 · 12:44:00 PM · Source: Barron's
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by Michael Oliveto

Intel (INTC)

The lawsuit filed by the Federal Trade Commission against Intel is "overblown" and won't lead to much of anything beyond perhaps a settlement, argues one market analyst following the case.
The FTC's case is multi-faceted, taking on Intel for alleged anticompetitive behavior, but also taking it to task for its x86 licensing terms and practices. The FTC's suit came after Intel had fought and lost similar allegations in Japan, Korea and Europe, the latter hitting Intel with a $1.45 billion fine (Intel is appealing).

Dec 31 · 12:12:00 PM · Source: Internet News
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by Michael Oliveto

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

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