Editor’s Note: Related tickers: Cisco Systems, Inc. (NASDAQ:CSCO), Hewlett-Packard Company (NYSE:HPQ), International Business Machines Corp. (NYSE:IBM), Deutsche Bank AG (USA) (NYSE:DB), Microsoft Corporation (NASDAQ:MSFT)
Deutsche Bank Increases Cisco Systems Price Target to $28.00 (CSCO) (Zolmax)
Research analysts at Deutsche Bank AG (USA) (NYSE:DB) upped their target price on shares of Cisco Systems, Inc. (NASDAQ:CSCO) from $26.00 to $28.00 in a report released on Monday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Deutsche Bank AG (USA) (NYSE:DB)’s price target would suggest a potential upside of 6.91% from the stock’s previous close. The analysts wrote, “Cisco Systems, Inc. (NASDAQ:CSCO) reports Aug 14. We are modeling Q4: $12.41B / 51c and Q1: $12.51B / 50c vs consensus calling Q4: $12.40B / 51c and Q1: $12.45B / 51c.
Hewlett-Packard Company (NYSE:HPQ)‘s stock had its “hold” rating reaffirmed by stock analysts at TheStreet in a report issued on Friday, AnalystRatingsNetwork reports. The analysts wrote, “Hewlett-Packard Company (NYSE:HPQ) has been reiterated by TheStreet Ratings as a hold with a ratings score of C-. The company’s strengths can be seen in multiple areas, such as its solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.”
IBM CEO doesn’t forget Parris in Power and Mainframe top job lob (TheRegister)
Back in April, International Business Machines Corp. (NYSE:IBM) CEO Ginni Rometty switched the roles of her chief strategist and the head of Systems and Technology Group, and the changes are now rippling through the various International Business Machines Corp. (NYSE:IBM) server divisions. Four months ago, long-time IBMers Tom Rosamilia and Rod Adkins switched desks. Adkins had been running Systems and Technology Group for the past couple of years, and Rosamilia, who used to work for Adkins as general manager of the System z business and then the additional Power Systems business unit within Systems and Technology Group, was tapped by Rometty to be vice president of corporate strategy and general manager of enterprise initiatives.
Cisco upgrades network for Internet exchange operator in Brazil (LightWaveOnline)
Cisco Systems, Inc. (NASDAQ:CSCO) says the Brazilian Network Information Center (NIC.br) has deployed Cisco Systems, Inc. (NASDAQ:CSCO) IP/DWDM and 100G technologies as part of its expansion of the PTT.br Internet exchange. Integral to these upgrade plans is the Cisco Systems, Inc. (NASDAQ:CSCO) ASR 9000 Series router for highly resilient and redundant IP connectivity and robust support for IPv6, the company says. The improved fiber-optic network serving Sao Paulo and other major cities will include virtual private LAN services (VPLS) and 100-Gbps technologies to help ensure that Brazil’s Internet infrastructure is able to keep up with increasing demand due to economic growth and key international sport events.
Ibm Mobile First Offers Real Time Monitoring (Youtube)
Hewlett-Packard Company (NYSE:HPQ) Drops Lawsuit Against Tatung And Chunghwa. Stock Surges (NYSEPost)
Hewlett-Packard Company (NYSE:HPQ) closed in the previous trading session at $27.00 after going up by $0.77 (or 2.94%). It marked the day’s high at $27.78 and the day’s low at $26.24. Recently the company, had ended a lawsuit which claimed that Tatung Co. of America Inc. and Chunghwa Picture Tubes Ltd were fixing the prices of liquid-crystal display screens. In the Federal Court of San Francisco, filed on Thursday, the three parties agreed to dismiss the case that was filed in the year 2012 but the document did not clearly mention as to why Hewlett-Packard Company (NYSE:HPQ) is dropping its claims against the Taiwanese firms.
Pennsylvania drops IBM from contract after 42-month, $60M project overrun (FierceCIO)
When a project runs this far off the rails, there is plenty of blame to spread around. More importantly, there are also plenty of reminders and lessons about good IT project management. The object lesson at hand is a State of Pennsylvania effort to modernize its unemployment compensation system. Department of Labor and Industry Secretary Julia Hearthway issued a statement recently that Big Blue, originally contracted in 2006 for the development work, will not be renewed. So this is International Business Machines Corp. (NYSE:IBM)’s fault? Partly.
Cisco Global Survey Reveals That the Majority of Aspiring Executives See a Big Future for Video in the Workplace (TelecomReseller)
A new generation is entering the management ranks of companies worldwide, and like previous generations, they will bring with them their own preferred ways of communicating and collaborating. A global study announced today by Cisco Systems, Inc. (NASDAQ:CSCO) revealed that the majority of these next-generation executives intend to depend heavily upon business-class video to connect with their teams, colleagues, suppliers, customers and prospects, as well as to help their businesses deliver new products and services.
Hewlett-Packard shuts photo sharing service business in India (TheHindu)
Hewlett-Packard Company (NYSE:HPQ)’s digital photo-sharing and printing service, Snapfish, is discontinuing business in India—marking an end to one part of its ‘retail photo printing’ gamble. The PC maker had made a big splash during its initial entry into the Indian retail photo printing market in 2007. The company had planned to establish a footprint of 3,000 retail photo outlets across the country, and had launched Snapfish in India to facilitate door-to-door delivery of printed photos through Hewlett-Packard Company (NYSE:HPQ) outlets.
IBM Overtakes Microsoft’s Market Cap (Benzinga)
International Business Machines Corp. (NYSE:IBM) In 2011, International Business Machines Corp. (NYSE:IBM) surpassed Microsoft Corporation (NASDAQ:MSFT)‘s market value by $1 billion. During the past fiscal year, International Business Machines Corp. (NYSE:IBM) increased its bottom line by earning $14.41 versus $13.12 in the prior year. This year, the market expects an improvement in earnings ($16.91 versus $14.41). Despite the weak revenue results, International Business Machines Corp. (NYSE:IBM) has outperformed against the industry average of 14.4%. Since the same quarter one year prior, revenues slightly dropped by 3.3%. Weakness in the company’s revenue seems to have hurt the bottom line, decreasing earnings per share. 48.28% is the gross profit margin for International Business Machines Corp. (NYSE:IBM) which we consider to be strong.
