Recent Articles
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Nokia Unveils Rival to Apple’s iPhone
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),…
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Nokia Security Appliance Sale Signals Marketplace Sea Change
As the stock markets were crashing earlier this week, a mysterious blip popped on the IT security radar: Nokia was looking to unload its security appliance unit to an undisclosed investment firm. A few media outlets picked up on this obscure report in The Wall Street Journal and little more news has come from it…
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Lenders Say Credit Still Available for Technology Spending
When it comes to credit for technology deals, IT lenders are saying that it is business as usual in spite of the Wall Street financial meltdown and subsequent failed bailout package. Using Credit to Boost Sales: Where Solution Providers Can Go for Help That’s according to Ingram Micro, Tech Data and IBM Global Financing, three…
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Report: IT Spending Growth Expectations Lower for Second Half
IT hardware spending will likely show low single-digit growth for the second half of 2008, lower than original estimates, in the wake of weak corporate earnings and other indicators. That’s according to a report from Bernstein Research Senior Analyst A.M. Sacconaghi Jr., who said while the current consensus expectation is for 7.5 percent IT spending…
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GE Capital CDS Trade at Junk-Rating Levels
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…
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HP to Buy Storage Firm LeftHand for $360M
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…