Channel Insider Staff

This week, security and storage solution providers will gather in Washington, D.C., for Symantec’s Partner Engage conference. Absent from the proceedings will be Julie Parrish, the iconic channel chief that has been the face of the Symantec channel for nearly six years.   Parrish oversaw a litany of problems in her tenure as vice president […]

By Tiffany Wu NEW YORK, Oct 8 (Reuters) – IBM (IBM) posted a higher-than-expected preliminary quarterly profit and affirmed its full-year outlook, calming some fears that the financial crisis is sparking a meltdown in technology demand. Shares of IBM, the world’s largest computer services company, rose 6 percent on the news, which also bolstered other […]

By Jim Finkle BOSTON, Oct 8 (Reuters) – Symantec Corp (SYMC), the No. 1 security software maker, plans to expand its Internet services business by acquiring online messaging and Web security services provider MessageLabs for $695 million. The move, announced on Wednesday, will add the privately held company’s instant-messaging, e-mail and Internet-security products to Symantec’s […]

SAN FRANCISCO (Reuters) – Chip maker Advanced Micro Devices said on Tuesday it will hive off its pricey manufacturing plants, get a cash injection and shrink its debt to compete harder against bigger rival Intel for market share. Two Abu Dahabi state-owned venture capital companies are backing the move. One will put up at least […]

LONDON (Reuters) – Nokia unveiled on Thursday its first touch-screen phone, priced well below Apple’s iPhone model, as the world’s top mobile phone maker hopes to tap consumers for whom the iPhone has been too expensive. Nokia said it would begin selling its 5800 Xpressmusic model shortly, and will price it at 279 euros ($395), […]

NEW YORK, Oct 1 (Reuters) – Derivatives traders were pricing General Electric Co’s (NASDAQ:GE) finance arm at junk levels on Wednesday amid worries that a deepening credit crunch is raising financing costs for the top-rated firm. General Electric Capital’s five-year credit default swaps rose by 150 basis points to 700 basis points, or $700,000 a […]

NEW YORK, Oct 1 (Reuters) – Hewlett-Packard Co (NASDAQ:HPQ) has agreed to buy LeftHand Networks Inc, a network storage provider, for $360 million in cash to extend its storage technology offerings for mid-sized companies. The acquisition, which is expected to close in HP’s fiscal first quarter of 2009, is subject to purchase price adjustments, HP […]

Channel Insider and OnForce, the world’s largest marketplace for IT professionals, have entered into a strategic partnership to share and develop market intelligence and research tools for the IT channel community. The two companies will collaborate on co-branded research reports and other tools aimed at providing IT solution and service providers, as well as vendors, […]

Technology sector stocks rebounded in Tuesday, gaining 4.6 percent on the day following the record-setting sell off on Sept. 29. Of the 50 IT vendors tracked by Channel Insider, only three (Google, Nortel and Red Hat) continued to loose ground. Despite reports that the technology sector remains healthy, industry leaders, including Microsoft CEO Steve Ballmer, have said […]

CHANNEL INSIDER: IT Solution Providers and the Finance Crisis   Wall Street Meltdown: What Does it Mean for IT?   A failed bailout plan, Wall Street bleeding more than $1 trillion in value, and no idea of what’s going to happen next. Recent events have given businesses, consumers and government a giant hangover.  Some IT […]

Monday, Sept. 29, 2008, will go down in the record books as one of the worst trading days in the history of the U.S. stock market. After the House of Representative failed to pass the massive $700 billion financial system bailout package, investors pulled their money out of the market by the billions of dollars. […]

By Jim Finkle – Analysis BOSTON (Reuters) – Technology companies will be pulling out the stops to sign deals before the September quarter closes next week as customers spooked by the U.S. financial meltdown shy away from spending. "It doesn’t take much to keep people from signing a piece of paperwork because they are worried, […]