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Too Many Cell Phone Companies Expect Huge Unit Growth
Friday, September 3, 2010 - 2:17pm | 166Samsung, one of the five largest cellphone manufacturers in the world, raised its forecast for 2010 unit sales to 25 million. The South Korean company added that it expects to sell 50 million handsets next year. No one believes that the cellphone market will double in 2011, so the Samsung statement...
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Near-Term PC Growth Not Visible - Analyst Blog
Friday, September 3, 2010 - 1:33pm | 1006Gartner’s View Research firm Gartner Inc. (IT) lowered its worldwide personal computer (PC) growth expectations to 15.3% year over year in the second half of 2010, down 2 percentage points from its previous outlook. Lower consumer demand for PCs in established or mature markets and caution at PC...
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HP Wins 3PAR Bid, Dell Loses - Analyst Blog
Friday, September 3, 2010 - 1:03pm | 949After a long, drawn-out bidding battle with rival Dell Inc. (DELL), Hewlett-Packard Co. (HPQ) has managed to secure the 3PAR Inc. (PAR) acquisition. Bidding wars are rare in the technology sector. In the last notable bidding war in the tech industry, EMC Corp. (EMC) outbid NetApp Inc. (NTAP) last...
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Afternoon Market Update (GS, WFC, AAPL, CSCO, INTC, GOOG, TTWO)
Friday, September 3, 2010 - 11:42am | 256The US financial sector gained momentum after the upbeat August nonfarm payrolls data. Shares of Goldman Sachs Group Inc (NYSE: GS) rose about 3.45%, while Wells Fargo & Co (NYSE: WFC) moved up about 2.47%. The Financial Select Sector SPDR Fund (XLF) gained about 1.09%. Gold futures dipped...
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Tech Stocks Rise After Payrolls Report (AAPL, GOOG, IBM, MSFT, INTC, TTWO)
Friday, September 3, 2010 - 11:37am | 189Tech stocks responded positively to the easing of fears of a double-dip recession in the US. Investors heaved a sigh of relief after the Labor Department reported on Friday a lower-than-expected decline in non farm jobs. The government report said that non farm jobs had declined by 54,000 in August...
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Unconfirmed Rumor that ARM Holdings plc (ARMH) could receive $27.00 Bid from Apple Inc. (AAPL)
Friday, September 3, 2010 - 9:53am | 50Unconfirmed Rumor that ARM Holdings plc (ARMH) could receive a $27.00 Bid from (AAPL)..Neither company could be reached for comment..(ARMH),(AAPL)
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Stock Market News for September 3, 2010 - Market News
Friday, September 3, 2010 - 9:36am | 1021Stocks added to the gains from the previous session after better-than-expected retail and housing numbers helped boost confidence in the economy. However, caution ahead of today’s monthly payroll data restrained traders from making big moves. As traders chose to play it safe, volume dipped sharply...
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Too Many Cell Phone Companies Expect Huge Unit Growth
Friday, September 3, 2010 - 7:49am | 220Samsung, one of the five whose cellphone manufacturers in the world, raised its forecast for 2010 unit sales to 25 million. The South Korean company added that it expects to sell 50 million handsets next year. No one believes that the cellphone market will double in 2011, so the Samsung statement...
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CSC Looks Evenly Poised - Analyst Blog
Thursday, September 2, 2010 - 6:09pm | 2797The winning spree for Computer Sciences Corporation (CSC) does not seem to end, as the company has again won a deal worth $50.0 million to provide analytics modernization services to the Department of Defense (DoD). This is a subcontract awarded to Computer Sciences, by a California-based company...
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IBM Develops Fastest Chip - Analyst Blog
Thursday, September 2, 2010 - 5:42pm | 1026International Business Machines Corp. (IBM) announced the availability of world’s fastest microprocessor that will begin shipping to customers from Sep 10, 2010. The z196 processor is a four-core chip that contains 1.4 billion transistors on a 512-square milimeter (mm) surface. The chip was...
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Apple's New Pie, Old Recipe - Analyst Blog
Thursday, September 2, 2010 - 2:39pm | 1941Apple Inc. (AAPL) refreshed its iPod line, introducing new features to the iPod Touch, iPod Nano and iPod Shuffle at its event held in San Francisco yesterday. Apple also introduced iTunes 10 with Ping (quite unexpectedly), a social networking feature that enables users to follow, comment and...
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Reserve Head & Shoulders Pattern in SPX 09-02-2010
Thursday, September 2, 2010 - 2:36pm | 904Cusick’s Corner The bulls are in control and the market from a technical perspective is setting up nicely for a potential challenge of upside resistance, 1100 on the SPX. Right now there is a Reverse Head and Shoulders pattern specifically in the SPX. You can find this formation on the chart --...
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Merger Mania Took Place In 2006 And 2007 And Look What Happened
Thursday, September 2, 2010 - 1:35pm | 337In 2006 and 2007 the stock market saw a lot of merger and acquisition activity. In fact, that was the catalyst for the stock market advance throughout 2006 and it helped support and recover the markets three times in 2007 despite the brewing mortgage crisis. Here we go again in 2010 as the merger...
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Jobs Vs. Google Over New Activations
Thursday, September 2, 2010 - 1:16pm | 190Most people were focused on the new product launch during Apple's event on Wednesday but Steve Jobs made sure to get a blow against smartphone rival Google (NASDAQ: GOOG) . Jobs noted that Apple (NASDAQ: AAPL) is activating 230,000 iOS-based devices per day. He made sure to specify that that's...
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HPQ Raises Bid For PAR; DELL Backs Off
Thursday, September 2, 2010 - 12:57pm | 223The fierce, three-week bidding war for 3Par Inc (NYSE: PAR) seems to have finally come to an end after Hewlett-Packard Co (NYSE: HPQ) sweetened its bid to $33 a share. Dell Inc (NASDAQ: DELL) opted for a ceasefire by issuing a statement saying that it will not raise its offer for the data storage...