Recent Articles
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Symantec Posts Much Lower-Than-Expected Earnings
Symantec this week reported a dramatic drop in revenue and earnings during the fiscal quarter ending July 3, missing analyst projections and sparking a drop in shares yesterday. In its financial statements released yesterday, the company said it saw earnings shear off from $172 million during the same quarter last year down to $73 million in…
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Cisco, IBM, HP Data Center Battle Heats Up
The economy is fraying everybody’s nerves, but the tone among IT industry market leaders has gotten slightly nuts of late — especially among the hardware giants. Ever since Cisco Systems announced it was getting into the mainstream server business in June, an almost-maniacal round of corporate one-upmanship has been unleashed that is truly pitting old…
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Microsoft, Yahoo Ink Ten-Year Search Deal
(Reuters) – Microsoft Corp and Yahoo Inc inked a 10-year Web search deal to better compete against market leader Google Inc but stopped short of combining their display advertising businesses. Shares of Yahoo, which had risen in recent weeks in anticipation of this deal, fell more than 7 percent in premarket trading, while shares of…
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Arrow Quarter: Billings and Bookings Improve as Sales Fall
Arrow Electronics (NYSE:ARW) reported that sales dropped 22 percent year over year in the second quarter to $3.39 billion, while net income also dropped sharply. But the electronics and IT distribution giant tempered those results with some hope for the future, saying the end of the quarter showed more strength as both bookings and billings…
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Lessons from IBM’s Shopping Spree
Recession, what recession? Never one to shy away from shopping, IBM’s Software Group went on a buying spree this week, scooping up analytics provider SPSS to the tune of $1.2 billion and application security testing company Ounce Labs for an undisclosed sum. The willingness to invest during tough economic times is smart business and provides…
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Novell Rolls Out SUSE Linux Enterprise Platform Appliance Program for ISVs
Novell has introduced a SUSE Linux software appliance program that enables ISVs to bundle their software with the SUSE Linux Enterprise platform OS and allow reseller solution providers and end customers to deploy everything with a single install. Software providers including VMware and SAP have already signed on to offer their technology in software appliance…