Recent Articles
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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…
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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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IBM Acquires Ounce Labs, Bolsters App Security Offerings
IBM picked up yet another high-profile security solution developer to add into its portfolio with the announcement today that it would gobble up Ounce Labs, a Waltham, Mass.-based developer of application security testing tools. This latest buy by IBM further emphasizes the company’s commitment to developing or acquiring the capabilities to offer a fully fleshed…