Here is a summary of recent earnings reports for selected technology companies and what they reveal about the state of spending and the overall economy:
EMC Corporation , the world leader in information infrastructure solutions, today announced that it has appointed Jeetu Patel as Chief Technology Officer of the company's Information Intelligence Group*. Patel is a 17-year information management veteran and former partner of Doculabs, a strategic consultancy for enterprise social collaboration and content management. Patel will report to Mark Lewis, President of EMC's Information Intelligence Group and will be responsible for orchestrating and driving the group's product vision and innovation, growth strategy and cloud computing initiatives.
Here is a summary of recent earnings reports for selected technology companies and what they reveal about the state of spending and the overall economy:
Virginia-based software major Computer Sciences Corporation will provide one of its cloud-based services to an Australian wealth management company called AMP.
EMC Names Jeetu Patel as CTO of Its Information Intelligence GroupPR NewswireHOPKINTON, Mass., July 30HOPKINTON, Mass., July 30 /PRNewswire/ -- EMC Corporation (NYSE: EMC), the world leader in 2010 07 30 09:00
In recent weeks and months, we've seen a range of companies report solid quarterly results, yet their shares have steadily fallen in sympathy with the broader market. More than a few company executives have grumbled on conference calls that their company's shares don't get enough respect. But a few of them put their money where their mouth is, writing large checks to buy shares of their company on the open market.
VMware (VMW), majority owned by EMC (EMC), sells desktop and server virtualization software and cloud-based software to corporate customers. VMware competes with Microsoft (MSFT) and Citrix (CTXS) in the virtualization market, which it leads with around 46% share globally.
VMware posted strong results for the second quarter of 2010, driven to a great extent by rising maintenance and service revenues. We expect that VMware will continue its strong performance for the remainder...
This week, Mellanox (MLNX) joined the list of data center hardware suppliers reporting double digit year-over-year revenue growth. Its top line grew 58% annually to $40 million this past quarter. However, unlike F5 Networks (FFIV) and EMC (EMC), which both guided up for their next reporting periods, Mellanox announced that it expected revenue to decline about 7% sequentially in the third quarter. While it claimed things should...
In an upcoming 451 TDM report, we argue that momentum behind SAN and IP networking convergence could fuel M&A in the fiber channel over Ethernet (FCoE) space. It all started in August 2002, when Cisco Systems (CSCO) paid $750m for Andiamo Systems. Reinforcing that acquisition, the vendor acted again four years later, buying Nuova Systems – the company that was largely responsible for developing the FCoE protocol – for $50m. Not to be outdone, primary...
EMC delivered a better-than-expected second quarter on Wednesday and raised its outlook amid strong demand for storage as data centers are upgraded. EMC expects IT spending to be up 3 percent to 5 percent in 2010.
The storage giant had earnings of $426 million, or 20 cents a share, on revenue of $4.02 billion. Non-GAAP earnings were 28 cents a share. Wall Street was expecting earnings of 27 cents a share on revenue of ...
BP: Asset sales, exec departures and more. BP (BP) is moving forward quickly with asset sales, announcing a $7B deal to sell Apache (APA) upstream assets in the U.S., Canada and Egypt. The company also plans to sell its gas fields and pipeline in Vietnam plus assets and exploration licenses in Pakistan; the two countries comprise only about 2% of BP's total natural-gas output, but could raise $1.7B through a sale. The sales, all on land, reflect BP's...
Think back a decade ago to mid-2000. The average person probably owned a single desktop computer and accessed the Internet through AOL (AOL) dial-up. Few people bought products on-line. Nearly everyone still purchased CDs to own music and VHS tapes to own movies (DVD did not outsell VHS until 2001). Film cameras were found in 90% of homes while digital cameras had only penetrated 10%. Digital cameras still took relatively small, low-quality photos - 3 megapixels...
EMC Corporation (NYSE: EMC) is a leading provider of information infrastructure technology and solutions. Competitors include NetApp (NASDAQ:NTAP), IBM (NYSE:IBM) and Hewlett-Packard (NYSE:HPQ ...
The Bedford Report is pleased to announce that its latest Market Update analyzing recent news and events on Micron Technology, Inc. (NASDAQ: MU | PowerRating), Alcatel-Lucent (NYSE: ALU ...
By Brian D. Pacampara | More Articles David Gardner called Netflix in 2004 at $15.42. He's up 546% as of April 23rd. See what David's recommending that you buy NEXT. Based on the aggregated ...
HOPKINTON, Mass., July 30 /PRNewswire/ -- EMC Corporation (NYSE: EMC), the world leader in information infrastructure solutions, today announced that it has appointed Jeetu Patel as Chief ...
Jul 30, 2010 (SmarTrend(R) News Watch via COMTEX) -- EMC (NYSE:EMC) is currently trading 16.30% above its May 6th low of $17.10. Investors are looking to see if this 'flash crash' low can act as ...
Analysts were expecting 3PAR, Inc. (PAR) [Chart - Analysis - News] earnings to come in at $0.02 per share for last quarter, and PAR met expectations with actual earnings of $0.02---in line with ...
Vice Chairman of EMC Corp. (EMC) William J Jr Teuber sells 500,000 shares of EMC on 07/27/2010 at an average price of $20.27 a share. Emc Corp. has a market cap of $41.71 billion; its shares were ...
By James Rogers 07/28/10 - 02:04 PM EDT MOUNTAIN VIEW, Calif. (TheStreet) -- Tablets and Hewlett-Packard(HPQ) could both move the needle for Symantec(SYMC) when it reports its first-quarter ...
Azerbaijan IT-company Sinam is integrator of EMC solutions and conducts operations on the introducing the Corporation's software solutions in the Central Bank. The company introduces EMC ...
July 28, 2010 - EMC Metals Corp. (the "Company" or " EMC | PowerRating") (TSX: EMC) is pleased to announce that it has received an independent engineering report, titled, "Scandium Recovery From ...
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Larry Dignan (
Think back a decade ago to mid-2000. The average person probably owned a single desktop computer and accessed the Internet through AOL (
