Computer Hardware

This is your Benzinga news summary and traders' outlook for Thursday, September 1, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading lower. At last check, Dow futures are down by about 25 points or 0.2%...

Pre-open movers US stock futures are lower this morning, as investors are awaiting data on weekly jobless claims and manufacturing activity. Futures for the Dow Jones Industrial Average dipped 34 points to 11,569.00 and S&P 500 index futures fell 5.10 points to 1,212.60. Nasdaq 100 futures...

IBM (NYSE: IBM) today announced a definitive agreement to acquire Algorithmics for $387 million, subject to price adjustments at closing. Algorithmics is a risk analytics firm with operations in Toronto, Canada. The company's risk analytics software, content and advisory services are used by banks...

International Business Machines Corp (NYSE: IBM) agreed to buy Toronto-based risk analytics software firm Algorithmics from Fitch Group for $387 million. IBM is expecting the deal to close before the end of October. IBM shares dropped 0.09% to $171.75 in after-hours trading.

The major stock indexes started the morning trading sharply higher. At 10:00 am EST the SPDR Dow Jones Industrial Average(NYSE: DIA) traded as high as $116.97 a share. Since that high pivot the major stock indexes have been slowly declining throughout the session. The highly traded and followed DIA...

Openwave Systems Inc. (NASDAQ: OPWV) shares are soaring today, as news hit earlier that the $150 million company is suing Apple (NASDAQ: AAPL) and Research in Motion (NASDAQ: RIMM) over patents. According to AppleInsider, Openwave Systems has accused both companies of using some of Openwave's...

Sterne Agee maintained its Hewlett-Packard (NYSE: HPQ) Neutral rating in a research report published today. In the report, Sterne Agee states, "We maintain our Neutral rating on HPQ as we are concerned with increased execution risk due to uncertainty surrounding its PC business as the company...

By Michael Comeau Hewlett-Packard (HPQ) just cracked the code on getting a tablet noticed in a crowded market -- you take it away! On August 18, HP announced a major restructuring initiative, including the elimination of its poorly selling TouchPad tablet (see Unable to Beat Apple, HP Takes on...

LTX-Credence Corporation (NASDAQ: LTXC) fell 16.94% to $5.49 at 9:50 am. LTXC reported a 12% drop in its fiscal fourth-quarter earnings and issued a downbeat forecast for its first fiscal quarter. CardioNet Inc (NASDAQ: BEAT) shares lost 16.45% to $3.15. Analysts at Roth Capital lowered price...

Openwave Systems Inc. (Nasdaq: OPWV) today said it filed complaints against Apple Inc. (NASDAQ: AAPL) and Research In Motion Limited (NASDAQ: RIMM) in order to protect its intellectual property on how mobile devices connect to the Internet. The complaint, filed at the International Trade...

IBM (NYSE: IBM) today announced a definitive agreement to acquire i2 to accelerate its business analytics initiatives and help clients in the public and private sectors address crime, fraud and security threats. Financial terms were not disclosed. With more than 4,500 customers in 150 countries...

Credit Suisse is out with a research report on Hewlett-Packard (NYSE: HPQ) and is lowering its estimates and price target to $30 from $33, but is keeping its Neutral rating on shares. In a note to clients, Credit Suisse writes, "We lower our FY12 EPS estimate from $4.56 to $4.44 given building...

Credit Suisse is out with a research report on IBM (NYSE: IBM) and is lowering estimates on the Armonk, N.Y.-based company. It has a Neutral rating and a $175 price target on shares. In a note to clients, Credit Suisse writes, "We update our CY11/CY12 EPS estimates from $13.29/$14.77 to $13.23/$...

Credit Suisse is out with a research report on Apple (NASDAQ: AAPL) and is lowering its estimates. It has an Outperform rating and a $500 price target on shares. In a note to clients, Credit Suisse writes, "Despite weaker end-market growth for smartphones, tablets and PCs, we maintain our FY11...

Sterne Agee is out with its report today on Hewlett-Packard (NYSE: HPQ), maintaining Neutral. In its report, Sterne Agee writes, "We maintain our Neutral rating on HPQ as we are concerned with increased execution risk due to uncertainty surrounding its PC business as the company seeks for...