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Benzinga's Earnings Preview (KR, AZO, CKR, MTN, MW, SAI)
Tuesday, December 8, 2009 - 6:52am | 186The Kroger Co. (NYSE: KR) is expected to report third-quarter earnings of 37cents a share on revenue of $17.69 billion. Friday, KR closed at $22.85. AutoZone, Inc. (NYSE: AZO) is projected to report fiscal first-quarter earnings of $2.66 a share on $1.59 billion of revenues. In yesterday’s session...
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M&A To Become A Key Theme For Tech Stocks
Friday, December 4, 2009 - 1:03pm | 82Goldman Sachs (NYSE: GS) released its notes on the Gartner (NYSE: IT) data center conference held this week. It noted that cloud computing is driving the need for more integrated solutions and M&A will become the key theme for the tech stocks. Goldman Sachs expects software as a particularly...
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Red Hat (RHT) To Benefit As Linux Remains Strategic
Friday, December 4, 2009 - 11:57am | 101A note from Goldman Sachs (NYSE: GS) on the Gartner (NYSE: IT) Data Centre conference had three updates on Linux: (1) Intel (NASDAQ: INTC) Nehalem processors are expected to accelerate Unix to Linux migration; (2) Red Hat, Inc. (NYSE: RHT) will benefit as Linux users derive value from maintenance...
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VMware (VMW) And Citrix (CTXS) Slug Out As Virtual Desktop Deployment Is On Rise
Friday, December 4, 2009 - 11:02am | 100According to a Goldman Sachs (NYSE: GS) note on the Gartner (NYSE: IT) Data Centre conference, Virtual Desktop deployment (VDI) is on the rise. Vendors like Citrix (NASDAQ: CTXS) and VMware (NYSE: VMW) are competing for orders from large enterprises and smaller companies. Key selling points for...
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Some VMware (VMW) Customers Keen On Server Virtualization
Friday, December 4, 2009 - 10:50am | 74Goldman Sachs (NYSE: GS) released its note on the Gartner (NYSE: IT) data center conference held this week. It noted that some of VMware’s (NYSE: VMW) customers are keen on adoption of server virtualization compared to desktop, which may hit VMware's topline. Goldman Sachs noted that these...
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Novell (NOVL) Announces Q4 Results, Posts Wider Loss
Friday, December 4, 2009 - 7:30am | 139Novell Inc. (NASDAQ: NOVL) posted a larger quarterly loss, hurt by lower revenue and hefty charges to write down the value of certain assets. For the three months ended Oct. 31, the company posted a loss of $255.7m or 74 cents per share, compared with a loss of $16.3m, or 5 cents per share, in the...
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Cisco (CSCO) Nearing Completion of Tandberg Takeover
Wednesday, December 2, 2009 - 7:48am | 115The world's largest computer networking equipment maker, Cisco Systems Inc.,(NASDAQ: CSCO) said it needs only another 6% stake in Videoconferencing equipment firm Tandberg ASA to be able to complete its $3.4b takeover. Cisco said 84% of shareholders in the Norwegian group have backed its $30.32...
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CSC's Large Project Pipeline - Analyst Blog
Monday, November 30, 2009 - 6:00pm | 551Computer Science Corporation (CSC) continues its winning streak. The most recent gain involves the $2.9 billion information technology infrastructure management service agreement with Zurich Financial Services Group for a period of 10.5 years. Under the terms of the contract, Computer Sciences...
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Benzinga’s Top Upgrades & Downgrades (QLTI, PUK, TIF, GIB, ABB, EUBK, FSNM)
Friday, November 27, 2009 - 10:52am | 268QLT Inc. (USA) (NASDAQ: QLTI) was upgraded by RBC Capital Markets today from Sector Perform to Outperform. Price target increased from $4.50 to $6. QLTI is now trading at $4.68, 3.96% up. In the last trading session, QLTI made a new high at $4.55. So far in 2009, QLTI gained over 85%. Prudential...
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Black Friday This Year May Beat Last Year’s Sales
Friday, November 27, 2009 - 10:02am | 194According to the Washington Post, the Black Friday sales this year may be higher than that of last year, but analyst say that this yearly shopping event may have little correlation with final sales figures for the holiday season. Consulting firm Accenture Plc(NYSE: ACN) predicts that around 52...
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Cognizant (CTSH) to Present at Investor Conferences
Friday, November 27, 2009 - 8:07am | 63Cognizant (Nasdaq: CTSH), a leading provider of consulting, technology, and business process outsourcing services, announced that Gordon Coburn, Chief Financial and Operating Officer, will present at the following investor conferences: Credit Suisse 2009 Annual Technology Conference on Thursday,...
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Infosys (INFY) To Expand In Europe
Wednesday, November 25, 2009 - 10:08am | 153Infosys (NASDAQ: INFY) has unveiled aggressive plans to increase its presence in Europe. According to a statement released by its CFO V. Balakrishnan, India’s second largest IT services firm is expected to spend up to $500 million on acquisitions in Europe. This amount is approximately 10 percent...
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Shafran Talks About His Tech Stock Picks With Barron’s: PNR, ADS, TLVT, VRTX, CREE, AZPN
Monday, November 23, 2009 - 11:31am | 618In an interview with Barron’s, Zachary Shafran, Asset Manager of Waddell & Reed Science & Tech A (NASDAQ: UNSCX) and Ivy Science & Technology A (NASDAQ: WSTAX) feels that the world should brace for a greater crisis in clean water availability. He feels the impact may be much higher than...
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Jim Cramer Is Bearish On LVS, SAY, CZZ, XTEX
Saturday, November 21, 2009 - 10:25am | 169CNBC's Mad Money Jim Cramer is bearish on Las Vegas Sands (NYSE: LVS) and prefers Wynn Resorts (NYSE: WYNN)instead. Las Vegas Sands (LVS) dropped 3.54% on Friday and WYNN lost 0.41%. Cramer also recommended investors to stay away from Satyam Computer Services Limited(ADR) (NYSE: SAY)as he still...
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iShares Introduces New India ETF (INDY)
Friday, November 20, 2009 - 4:10pm | 114iShares announced it will launch a new India-specific ETF. The iShares S&P India Nifty Fifty Index Fund will track the 50 largest and most liquid Indian equities and trade under the ticker "INDY." The new ETF will compete with current India-specific offerings from iPath, WisdomTree and...