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A New Round Of Corporate Layoffs?
Thursday, August 26, 2010 - 9:32am | 395Defense contractor Northrop Grumman cut 642 people from its ship building operation yesterday. That follows another 300 cuts from the same operation last month. The reason given was that the Navy has slashed orders from the company. That may not be the end of job cuts from companies that serve the...
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IBM Business Partners Expect Social Media to Drive Sales
Thursday, August 26, 2010 - 9:29am | 84Forty-five percent of IBM (NYSE: IBM) Business Partners are experimenting with a social media business strategy to generate new revenue streams; however, three quarters say they still are uncertain how to apply it as an effective sales tool, according to survey results from 1,000 IBM worldwide...
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Concurrent Appoints New VP of Web And Mobile Video
Thursday, August 26, 2010 - 9:10am | 127Concurrent (Nasdaq: CCUR) today announced that video-industry veteran Jim Denenny has joined the company as Vice President and General Manager of Web and Mobile Video Solutions. In this role, Jim will help lead the company as it further expands its presence amongst content providers, internet and...
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Concurrent Appoints New VP of Engineering
Thursday, August 26, 2010 - 9:09am | 141Concurrent (Nasdaq: CCUR), a worldwide leader in video and media data and advertising solutions, today announced the appointment of Andy Huang as vice president of engineering. Andy brings to Concurrent more than two decades of experience in the global video market. Andy's leadership focuses on...
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AT&T Executive: Tablets Could Make Laptops Obsolete (ATT)
Wednesday, August 25, 2010 - 7:47pm | 189AT&T's (NYSE: ATT) emerging devices president said this month that tablet computers could soon replace laptops as the mobile device of choice. “You’re going to see those 10-inch pieces of glass become full-on computers,” Glenn Lurie said in an interview this month in Atlanta. He said he expects...
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New Kindle Starts Shipping Today, Fastest-Selling Yet (AMZN)
Wednesday, August 25, 2010 - 7:35pm | 177Amazon's (NASDAQ: AMZN) new version of the Kindle started shipping today, and the latest iteration is selling more than previous models. The Kindle is an e-reader that allows users to read published works in electronic format. The product is direct competitor to Apple's (NASDAQ: AAPL) iPad....
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Apple to Debut New iPod September 1st? (AAPL)
Wednesday, August 25, 2010 - 7:19pm | 154Apple (NASDAQ: AAPL) is set to release a new version of its famed iPod September 1st, according to people familiar with the situation. A Reuters report notes that "The company has in recent years used splashy September events to showcase new iPod models for the year-end spending spree. It typically...
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IBM Sued by Rambus - Analyst Blog
Wednesday, August 25, 2010 - 4:00pm | 883International Business Machines Corp. (IBM) was sued by chip designer Rambus Inc. (RMBS) challenging the ruling given by the U.S Patent and Trademark Office in favor of IBM in a patent infringement case. The patent relates to a memory controller, which communicates to a memory subsystem via an...
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New Deal for Juniper - Analyst Blog
Wednesday, August 25, 2010 - 4:00pm | 689Juniper Networks Inc. (JNPR), one of the leading providers of networking infrastructure products and services, recently announced that it would provide its Media Flow Solutions to privately held BitGravity. Founded in 2006, BitGravity has emerged as a technology leader in the video and media...
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Too Dangerous To Short Here (DJIA, SPX, AAPL, MCD)
Wednesday, August 25, 2010 - 3:07pm | 150After today's dismal durable goods and new home sales reports, the market has rallied into the green. The Dow (DJIA) is up 23 pionts and the S&P (SPX) is higher by 3.50 points to 1,055. This morning the S&P hit 1,040 and began to move higher. The 1,040 level has acted as support for most of...
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Apple Holding Event Sept. 1 Possible iPod Refresh?? (AAPL)
Wednesday, August 25, 2010 - 2:12pm | 95Apple (NASDAQ: AAPL) announced it will be holding an event in San Francisco on Sept. 1, as it sent out invitations to the media today. Speculation is running rampant as it could be updating any one or a number of its products. September has historically been the time when the company announce a...
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What's Hot On TheStreet
Wednesday, August 25, 2010 - 12:46pm | 308Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet 5 Personalities of Retiring Boomers Here's a recent study with more gravitas than one of those Facebook-clogging character quizzes: summaries by Allianz Life Insurance Co. of North America of baby boomers' five...
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Dude... You're Getting A Stock Boost-- Saga Never Ends (DELL, PAR, HPQ)
Wednesday, August 25, 2010 - 12:06pm | 288Yesterday, 3Par (NYSE: PAR) announced it had begun discussions with Hewlett-Packard (NYSE: HPQ) about the surprise bid HP made for 3Par. You can read more about the discussions between the two companies here. It was also announced that it has given Dell (NASDAQ: DELL) three business days to come...
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News Summary (C, BAC, SOMX, PG, MSFT, AAPL, INTC, PAR, HPQ, DELL)
Wednesday, August 25, 2010 - 11:33am | 265The Financial Select Sector SPDR Fund (XLF) moved down about 1% after the report of Commerce Department showing weaker-than-expected gain in the durable-goods orders in July. The financial-sector ETF is down 9% so far in August. Citigroup Inc (NYSE: C) lost about 1.21%, while the Bank of America...
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HP Enters Talks with 3PAR in Bidding War with Dell
Wednesday, August 25, 2010 - 10:47am | 1563PAR (NYSE: PAR) said on Tuesday it will start merger talks with Hewlett-Packard (NYSE: HPQ) after HP's $1.6 billion offer for the data storage company trumped a bid by its smaller rival Dell (NASDAQ: DELL). 3PAR has determined that HP's proposal was "reasonably likely" to lead to a superior offer...