Recent Articles
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HP Acquires Security Specialist ArcSight
Technology giant Hewlett-Packard announced that it has signed a definitive agreement to acquire ArcSight, a security and compliance management company, for $43.50 per share, or an enterprise value of $1.5 billion. HP said the acquisition of ArcSight will result in improved security, reduced risk and facilitated compliance at a lower cost for its customers. HP…
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Small Business Demand to Drive Intuit Gains
NEW YORK, Sept 12 (Reuters) – Intuit Inc (NASDAQ:INTU), which makes personal finance applications like Quicken and TurboTax, will likely gain from a growing demand by small businesses for accounting software, according to the Sept. 13 issue of Barron’s. The market for smaller business software is underserved and could be worth as much as $30…
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Technology Budgets Flat to Slightly Higher, Says Wipro
TIANJIN, China, Sept 13 (Reuters) – Wipro Ltd (WIPR) (NYSE:WIT), India’s No.3 software services exporter, said on Monday that customers remain cautious about technology spending, with budgets flat to slightly higher as they look for transformational projects. "Folks are cautious in the way that they’re spending," Martha Bejar, Wipro’s president of global sales and operations,…
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Nokia Smartphone Exec Resigns as New CEO Elop Joins
LONDON, Sept 13 (Reuters) – Anssi Vanjoki, the Nokia (NOK1V) executive in charge of smartphones and services, is resigning following the appointment of outsider Stephen Elop as CEO of the world’s biggest cellphone maker. Vanjoki, who joined Nokia in 1991 and has been head of Mobile Solutions since 2008, has a six-month notice period and…
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Nokia Hires Microsoft Executive as CEO
(Reuters) – Nokia has hired Stephen Elop, a Canadian Microsoft executive with Silicon Valley credentials, to replace its embattled chief executive and renew its drive to compete with Apple. The world’s top cellphone maker said Olli-Pekka Kallasvuo, who presided over a halving in Nokia’s market value to about $37 billion during his four years in…
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Chipmaker Forecasts Disappoint, Fueling Fears of Sluggish Economy
SAN FRANCISCO/NEW YORK, Sept 9 (Reuters) – Chip makers National Semiconductor (NYSE:NSM) and Texas Instruments Inc (NYSE:TXN) on Thursday issued quarterly financial targets that stoked investors’ worries about a sluggish economy. Both companies cited weak demand for personal computers and other devices that use microchips and National Semiconductor said consumers were not spending as much…