Editor’s Note: Related tickers: Cisco Systems, Inc. (NASDAQ:CSCO), Hewlett-Packard Company (NYSE:HPQ), International Business Machines Corp. (NYSE:IBM), AT&T Inc. (NYSE:T), Sourcefire, Inc. (NASDAQ:FIRE), Globecomm Systems, Inc. (NASDAQ:GCOM), WESCO International, Inc. (NYSE:WCC)
Sourcefire, Inc. (NASDAQ:FIRE), set to be acquired by Cisco Systems, Inc. (NASDAQ:CSCO) for $2.7 billion, reported a nearly 100 percent increase in second-quarter earnings. The Columbia cyber security firm posted a profit of $2.2 million, or 7 cents per share, during the period. That was up from $1.1 million, or 4 cents per share, in the year-ago quarter. Revenue rose 29 percent to $65.05 million, up from $50.6 million a year ago. …Sourcefire, Inc. (NASDAQ:FIRE) announced last week plans to be acquired by Cisco Systems, Inc. (NASDAQ:CSCO) for $2.7 billion. The deal is expected to close in the second half of 2013.
Hewlett-Packard, AT&T Hit Over Cloud Computing IP (Law360)
Hewlett-Packard Company (NYSE:HPQ), AT&T Inc. (NYSE:T) and CA Technologies Inc. were hit in Delaware on Friday with suits from Clouding IP LLC, accusing them of infringing a slew of patents related to cloud-based computing technologies, the latest in the company’s recent onslaught of litigation over intellectual property for cloud computing. The three companies were all accused of infringing the same four patents — all pertaining to visual interfaces for cloud computing and monitoring the state of data centers. AT&T Inc. (NYSE:T) was accused of infringing an additional four patents that covered technologies for…
Don’t adapt old IT security policies for BYOD: IBM (ZDNet)
Morphing existing IT security policies to accommodate for bring your own device (BYOD) is the wrong way to address BYOD, according to International Business Machines Corp. (NYSE:IBM) Institute for Advanced Security director, Glen Gooding. According to a recent report by data backup vendor Acronis, 57 percent of Australian organisations do not have a BYOD policy in place, and 33 percent of them do not even allow personal devices to access the corporate network. For organisations that do have a BYOD policy, many of them are doing it wrong by merely adapting their old IT security policy for mobile devices, Gooding said.
Pentagon Splits Orders for Supply of Cisco, Related HD Equipment (Fool)
Three firms split a $45 million U.S. Department of Defense contract to supply the Defense Media Activity department at Fort Meade, Md., with Cisco Systems, Inc. (NASDAQ:CSCO) satellite decoders and HD encryption systems. Curiously, however, none of these companies was actually named Cisco Systems, Inc. (NASDAQ:CSCO) itself. Instead, the winners who will compete among themselves to fulfill the $45 million firm-fixed-price, multiple-award, indefinite-delivery/indefinite-quantity contract include privately held Bluewater Communications Group LLC, small-cap Globecomm Systems, Inc. (NASDAQ:GCOM), and TVC Communications LLC, of Annville, Penn., a small subsidiary of larger electronics distributor WESCO International, Inc. (NYSE:WCC). All three will now be competing against each other to win the Pentagon’s business on individual task orders for the Cisco Systems, Inc. (NASDAQ:CSCO) and other HD equipment on order.
Hewlett Packard Sues Brevard Clerk of Court For Disputed Scanning Contract Payments (BrevardTimes)
Hewlett-Packard Company (NYSE:HPQ) Financial Services Company has filed a lawsuit against the Brevard County Clerk of the Circuit Court alleging that the Clerk’s Office has failed “to make its monthly installment payments” of $110,776.00 since November 2012 regarding a $6.1 million loan for digitizing court records. Clerk Scott Ellis said in response to the lawsuit, “The Clerk’s Office did not approach Hewlett-Packard Company (NYSE:HPQ) for the loan. BlueGem worked with Hewlett-Packard Company (NYSE:HPQ) to put the loan package together to get the Clerk’s Office to sign off. Hewlett-Packard Company (NYSE:HPQ) provided the legal opinion to the allegedly independent attorney assessing the loan language of the note. Hewlett-Packard Company (NYSE:HPQ) also arranged for a $200,000 performance bond for the BlueGem scanning contract.
IBM’s latest PowerLinux server is aimed at Big Data and other analytics applications. (ITWire)
The International Business Machines Corp. (NYSE:IBM) PowerLinux 7R4 server can be configured with up to four sockets and 32 cores, making it ideal for compute-intensive workloads such as analytics, according to company officials. International Business Machines Corp. (NYSE:IBM)’s PowerVM virtualisation software allows a 7R4 server to be partitioned to run Red Hat or SUSE Linux at the same time as the company’s AIX or i operating systems, or both. International Business Machines Corp. (NYSE:IBM) also announced that Cognos Business Intelligence is now available for Power Systems running Linux, along with DB2, WebSphere and InfoSphere.
Cisco Systems PT Raised to $30.00 (CSCO) (WatchListNews)
Cisco Systems, Inc. (NASDAQ:CSCO) had its price objective raised by Pacific Crest from $28.00 to $30.00 in a research report released on Thursday morning, StockRatingsNetwork.com reports. Pacific Crest currently has an outperform rating on the stock. Cisco Systems, Inc. (NASDAQ:CSCO) traded down 0.53% on Thursday, hitting $25.36. Cisco Systems, Inc. (NASDAQ:CSCO) has a 1-year low of $15.65 and a 1-year high of $26.15. The stock’s 50-day moving average is currently $24.9. The company has a market cap of $135.5 billion and a price-to-earnings ratio of 14.16.
IBM launches tool to cut cost in mineral exploration (TheHinduBusinessLine)
International Business Machines Corp. (NYSE:IBM) on Tuesday announced solutions and new exploration technologies to improve capabilities at finding remote fields and mines. The global IT company introduced “mine-to-ship”, a solution that will improve organisational efficiency and optimise resource utilisation. The solution will benefit mining companies by increasing resource usage, ensuring higher throughput, reduced cost of operations and higher revenues, claims the US-based company. The International Business Machines Corp. (NYSE:IBM) solutions help improve management of energy usage resulting in reduced costs, optimise energy supply planning based on production demand, schedule adherence and generation monitoring.
