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Morning Market Snapshot: April 14, 2011

analysis, business, cov, covidien, el paso, ep, financial, gartner, it, market, news, ocx, onex, partner re, pre, spirit aerosystems, spr, stock, trading

Good Morning. It's Thursday, April 14, 2011. At this hour, U.S. equity futures are lower. Overseas, the Asian markets were mixed, while the European markets are down. Onex Corp. (OCX) sold 10M shares in Spirit AeroSystems (SP

By FNNO Staff
fnnonline@gmail.com

Cisco Systems to Acquire newScale

According to CSCO, the acquisition of newScale will allow the company to accelerate its deployment of cloud services through a service catalog and self-service portal so that its customers can easily manage their IT infrastructure

Financial terms of the transaction are undisclosed.

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Cisco Systems (CSCO) today announced that it has plans to acquire newScale, a privately-held software provider based in San Mateo, Calif., that enables commercial and enterprise customers to initiate the provisioning of their own

By FNNO Staff
fnnonline@gmail.com

Harris strategically realigns into three business segments

business, commercial, communications, government, harris, information, it, market, networks, restructure, services, systems, tech, technology

Harris has strategically realigned its operating businesses to provide increased market focus and address the fast-growing global market for integrated communications and information technology and services. The realignment will e

By Stephanie Shyu
sshyu@fnno.com

Office Depot, Xerox Enters Partnership to Offer Managed Print Services in Europe

ODP's Managed Print Services offering leverages XRX's expertise in solution design and service delivery. It will enable ODP to assess, optimize and manage customer printing needs, resulting in lower print, copy and IT support cost

ODP shares are up 0.56% to $5.34.

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Office Depot (ODP) announced today that it has entered into a partnership with Xerox (XRX) to offer Managed Print Services to customers across Europe, with a rollout expected throughout the remainder of the year.

By FNNO Staff
fnnonline@gmail.com

Dell, HP reap poor results from once Perot controlled companies

Published on Mon, 02/28/2011 - 09:16
By Mathieu Lloyd in General Interest, DELL, HPQ, analysis, business, computer, debt, dell, financial, higher, hp, it, market, news, stock, technology, trading, Barron's Report
analysis, business, computer, debt, dell, financial, higher, hp, it, market, news, stock, technology, trading

Dell (DELL) and Hewlett-Packard (HPQ) have been in the penalty box with investors after acquiring two of the IT services companies that Ross Perot founded, Barron’s Technology Trader columnist Tiernan Ray reports. HP's shares tra

By Mathieu Lloyd
mlloyd@fnno.com

Morning Market Snapshot: February 28th, 2011

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Good Morning. It's Monday, February 28, 2011. At this hour, U.S. equity futures are mixed. Overseas, the Asian markets were mixed, while the European markets are also mixed.

By Stephanie Shyu
sshyu@fnno.com

Brocade Topped Q1 Estimates, Top Line Up 1.2%

Michael Klayko, CEO of Brocade said, "We are pleased with the results of Q1 and our ability to execute to our FY2011 Playbook, The industry's first Ethernet fabric solutions that we began delivering in Q1 have been very well recei

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Brocade (NASDAQ:BRCD) reported Q1 EPS of $0.12, ahead of consensus estimates of $0.10 per share. Revenues rose 1.2% year-over-year to $546 million, topping consensus estimates of $544 million.

By Stephanie Shyu
sshyu@fnno.com

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