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NetApp to Acquire Akorri Networks - Analyst Blog
Friday, January 14, 2011 - 10:31am | 645Storage and data management solutions provider NetApp Inc. (NTAP) sealed a definitive agreement to acquire Akorri Networks Inc. in an all-cash deal. The deal value has not yet been disclosed. NetApp expects the deal to be wrapped up by the end of its fourth quarter. Massachusetts-based Akorri...
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NetApp to Acquire Akorri Networks - Analyst Blog
Friday, January 14, 2011 - 10:15am | 645Storage and data management solutions provider NetApp Inc. (NTAP) sealed a definitive agreement to acquire Akorri Networks Inc. in an all-cash deal. The deal value has not yet been disclosed. NetApp expects the deal to be wrapped up by the end of its fourth quarter. Massachusetts-based Akorri...
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Pension Plan: A Blow to AT&T 4Q - Analyst Blog
Friday, January 14, 2011 - 10:01am | 607AT&T Inc. (T), the second largest mobile service provider in the U.S., announced that it will incur non-cash pre-tax charge of $2.7 billion or 28 cents per share in the fourth quarter of 2010 related to a change in pension accounting. The market seems to have reacted positively to AT&T's...
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Pension Plan: A Blow to AT&T 4Q - Analyst Blog
Friday, January 14, 2011 - 9:30am | 607AT&T Inc. (T), the second largest mobile service provider in the U.S., announced that it will incur non-cash pre-tax charge of $2.7 billion or 28 cents per share in the fourth quarter of 2010 related to a change in pension accounting. The market seems to have reacted positively to AT&T's...
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Intel Offers Encouraging Outlook - Analyst Blog
Friday, January 14, 2011 - 9:01am | 1888Intel Corp (INTC) reported fourth quarter earnings of 60 cents per share that beat the Zacks Consensus Estimate by 7 cents. Shares appreciated 2.11% in after-market trading. We went into the numbers with primarily three things in mind – the server, client and emerging markets businesses. We...
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A Peek Into The Market Before The Trading Starts
Friday, January 14, 2011 - 8:49am | 549Pre-open movers US stock futures are lower this morning, as investors are awaiting several economic reports. Intel Corp (NASDAQ: INTC) posted upbeat quarterly earnings. China again lifted its reserve-requirement ratio for banks. Futures on the Dow Jones Industrial Average dropped 53 points to 11,...
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Intel Offers Encouraging Outlook - Analyst Blog
Friday, January 14, 2011 - 8:37am | 1888Intel Corp (INTC) reported fourth quarter earnings of 60 cents per share that beat the Zacks Consensus Estimate by 7 cents. Shares appreciated 2.11% in after-market trading. We went into the numbers with primarily three things in mind – the server, client and emerging markets businesses. We...
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News Corp, Apple delay iPad digital newspaper
Friday, January 14, 2011 - 8:33am | 82News Corp (NASDAQ: NWSA) and Apple Inc (NASDAQ: AAPL) are delaying the launch of the media conglomerate's digital newspaper for the iPad, the Wall Street Journal reported, citing people familiar with the matter. The tablet newspaper, which will be called The Daily, was supposed to be unveiled next...
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Bharti airtel and IBM Finalize Agreement to Transform Mobile Communications in Africa
Friday, January 14, 2011 - 8:12am | 74IBM (NYSE: IBM) and Bharti airtel today announced the completion of contract negotiations for technology services spanning 16 African countries. As part of the 10-year agreement signed in December 2010, IBM will deploy and manage the information technology (IT) infrastructure and applications to...
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Corning a Buy on Apple Verizon Marriage
Thursday, January 13, 2011 - 11:44pm | 346I am getting long Corning (GLW) on the back of this deal. I believe demand for the Apple (AAPL) iPhone will pass even the most bullish estimates once it's selling on Verizon (VZ). Both Verizon and Apple have rallied greatly as well as Qualcomm (QCOM) in anticipation for this announcement, as...
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Goldman Biased Toward Buying Premium (SNDK, AAPL, BAC)
Thursday, January 13, 2011 - 6:06pm | 194Goldman Sachs is out with a research report this afternoon, where it states the case for being buyers of volatility instead of sellers. The analysts noted that options prices on single stocks are near their lowest levels in years ahead of earnings on average. The analysts also noted that, in...
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Novatel MiFi to Face Challenge - Analyst Blog
Thursday, January 13, 2011 - 5:01pm | 570MiFi, the legendary mobile intelligent hotspots of Novatel Wireless Inc. (NVTL) is under trouble. Recently, a Bloomberg report forecasted that Verizon Wireless (VZ) will soon start selling Apple Inc's (AAPL) iPad with internal connectivity for its high-speed 3G networks. As of now, Verizon is...
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Novatel MiFi to Face Challenge - Analyst Blog
Thursday, January 13, 2011 - 4:50pm | 570MiFi, the legendary mobile intelligent hotspots of Novatel Wireless Inc. (NVTL) is under trouble. Recently, a Bloomberg report forecasted that Verizon Wireless (VZ) will soon start selling Apple Inc's (AAPL) iPad with internal connectivity for its high-speed 3G networks. As of now, Verizon is...
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Tablets Biting Into PC Sales: Analyst
Thursday, January 13, 2011 - 4:15pm | 96(TheStreet) - The PC market is feeling the pressure from consumer devices such as Apple's (NASDAQ: AAPL) iPad and games consoles, according to the latest research from analyst firm Gartner. Gartner says that worldwide PC shipments grew just 3.1% year over year during the fourth-quarter of 2010, as...
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Microsoft Fighting Apple Over App Store Trademark
Thursday, January 13, 2011 - 3:44pm | 176Back in 2008, Apple (AAPL) submitted a trademark application for 'App Store'. However, Microsoft (MSFT) is now challenging that trademark, claiming that 'App Store' is just a generic term and that all companies should have the right to use that term. It would be like trademarking 'toy store'.