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Morgan Stanley Comments on Hewlett-Packard
Friday, August 19, 2011 - 5:59am | 91Morgan Stanley has published a research report on Hewlett-Packard (NYSE: HPQ) lowering estimates for the computer company. In the report, Morgan Stanley wrote, "As we published in a Jan 3, 2011 note, we believe HP is better served looking for strategic alternatives for the low margin PC business...
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Auriga Lowers PT on Hewlett-Packard To $43
Friday, August 19, 2011 - 4:52am | 25Auriga has lowered the price target on Hewlett-Packard (NYSE: HPQ) from $45 to $43 and maintains its Hold rating.
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Stocks To Watch For August 19
Friday, August 19, 2011 - 2:41am | 379Some of the stocks that may grab investor focus today are: Hewlett-Packard Co (NYSE: HPQ) reported a rise in its Q3 net income, but issued downbeat outlook for the current quarter and lowered its forecast for the year. The company reported its quarterly earnings at $1.93 billion, or $0.93 per...
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HP Appoints New Head of Enterprise Services
Thursday, August 18, 2011 - 3:12pm | 90HP (NYSE: HPQ) today announced that it has appointed John Visentin as executive vice president of HP Enterprise Services, effective immediately. Visentin will be responsible for driving growth in HP Enterprise Services, which delivers technology infrastructure, applications and business services...
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UPDATE: HP to Acquire Autonomy Corporation for $42.11 per Share
Thursday, August 18, 2011 - 3:11pm | 166HP (NYSE: HPQ) and Autonomy Corporation plc today announced the terms of a recommended transaction under which HP (through an indirect wholly-owned subsidiary, HP SPV) will acquire all of the outstanding shares of Autonomy for £25.50 ($42.11) per share in cash. The transaction was unanimously...
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UPDATE: HP to Evaluate Strategic Alternatives for Personal Systems Group
Thursday, August 18, 2011 - 3:09pm | 145HP (NYSE: HPQ) today announced that its board of directors has authorized the evaluation of strategic alternatives for its Personal Systems Group, including the exploration of the separation of its PC business into a separate company through a spin-off or other transaction. HP is implementing a...
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Google Finally Finds a Storm it can Weather
Thursday, August 18, 2011 - 2:49pm | 306Apple, Microsoft? No way. Rain and hail? Bring it on! To most people in the tech industry, Google (NASDAQ: GOOG) is currently known as the kooky search engine giant that shocked the world when it announced its plans to acquire Motorola (NYSE: MMI). The acquisition wasn't unprecedented (this is...
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HP Confirms Discussions with Autonomy Corporation plc Regarding Possible Business Combination
Thursday, August 18, 2011 - 2:02pm | 129HP (NYSE: HPQ) today commented on the recent announcement by Autonomy Corporation plc. HP confirms that it is in discussions with Autonomy regarding a possible offer for the company. HP also reported that it plans to announce that its board of directors has authorized the exploration of strategic...
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If You Can't Beat 'Em, You Can't Eat 'Em
Thursday, August 18, 2011 - 2:01pm | 161Tech Crunch has a report out that Samsung has decided since it can not beat Apple (NASDAQ: AAPL) at the tablet game, it might as well give them away for free. The South Korean electronics manufacturer is teaming up with Best Buy (NYSE: BBY) to give away Samsung Galaxy Tab 10.1 tablets if you buy a...
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S&P Highlights Tech ETFs Post-Google/MMI Deal
Thursday, August 18, 2011 - 11:07am | 352Standard & Poor's Equity Research is out with a note on technology ETFs that investors may want to have a look following the announcement by Google (Nasdaq: GOOG) of its $12.5 billion bid for Motorola Mobility (NYSE: MMI), the largest maker of mobile handsets that run on Google's Android...
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Stock Market Panic Sell Or Buying Opportunity
Thursday, August 18, 2011 - 11:02am | 282The markets are getting crushed today after global worries resurfaced and U.S. economic numbers were just plain ugly. The selling started in Europe early this morning and continued at 10am ET when the Philly Fed Index came in at -30.7. The combination of these two factors sent investors running for...
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Why There Will Be No QE3
Thursday, August 18, 2011 - 10:07am | 803Millions of investors, traders and money managers are pinning their hopes on one phrase. Trillions upon trillions of dollars are at stake here. Sorry to disappoint. There will be no QE3. Not on August 26th, anyway. This morning we got July Consumer Price Index (CPI), and it was extremely hot...
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Market Update
Thursday, August 18, 2011 - 8:32am | 156Shares of Huntington Bank (NASDAQ: HBAN) dropped about 2.8% as the company named Helga Houston as the bank's chief risk officer. Shares of Hewlett-Packard Company (NYSE: HPQ) dropped about 4% as the company is all set to report its quarterly earnings today. HPQ is projected to report its Q3 EPS at...
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China Mobile Confirms Meeting with Steve Jobs to Discuss iPhone
Thursday, August 18, 2011 - 8:18am | 43China Mobile (NYSE: CHL) confirmed Thursday it has met with Steve Jobs to discuss Apple (NASDAQ: AAPL) manufacturing an iPhone that would support its proprietary 3G standard.
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US Stock Futures Down Ahead Of Economic Data
Thursday, August 18, 2011 - 5:18am | 435US stock futures are lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dipped 177 points to 11,204.00 and S&P 500 index futures fell 21.90 points to 1,168.00. Nasdaq 100 futures dropped 44.00 points to 2,131.25. US stocks closed mixed on...