Recent Articles
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Sony Challenges Amazon Kindle with $199 E-reader
By Laura Isensee LOS ANGELES (Reuters) – Sony Corp will begin selling this month the cheapest digital book reader for the United States, heating up the competition with Amazon.com Inc in the small but fast-growing market for electronic readers. Sony plans to start selling its 5-inch-screen Reader Pocket Edition at $199 — which it called…
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Cisco Quarter Revenue Falls but Profit Beats Expectations
NEW YORK, Aug 5 (Reuters) – Cisco Systems Inc (NASDAQ:CSCO) reported an 18 percent fall in quarterly revenue as customers held back spending on network equipment, but the decline was mostly in line with Wall Street forecasts and its profit was better than expected. Chief Executive John Chambers also said the company saw "a number…
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Symantec Adds Web Gateway Security to Protection Suite
Symantec today announced the integration of Web Gateway 4.5 into its Symantec Protection Suite Enterprise Edition following the company’s April acquisition of Mi5 Networks. The latest improvement to the Symantec suite adds a new tier of anti-malware technology to the existing anti-virus engine that is meant to better protect users from botnet and Web 2.0…
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IT Distributor Ingram Micro Quarter Sales Down 25%
The worst seems to be over, but that doesn’t mean good times are here again, Ingram Micro (NYSE:IM) CEO Greg Spierkel tells Channel Insider. The world’s largest IT distributor, Ingram Micro this week reported a sales decline of 25 percent for its Q2 year over year, a steeper decline than the 22 percent decline in…
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Intel Sees No First-Time PC Buyers for Netbooks
(Reuters) – Intel Corp said on Wednesday it no longer expects netbooks to appeal to first-time computer buyers, but sees continued sales of the ultra-portable laptops as a secondary machine or a durable option for kids. "I don’t think first-time buyers are going to buy netbooks," Sean Maloney, Intel’s general manager of sales and marketing,…
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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…