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Results And Outlook By Offshore Firms To Give An Insight Into IT Services Sector
Monday, July 12, 2010 - 9:29am | 225Offshore bellwethers Infosys (NASDAQ: INFY) and TCS are set to kick off the June quarter earnings season this week. According to Goldman Sachs, “The results and outlook will provide an important read on the current demand backdrop for offshore services relevant for ACN, CSC, CTSH, EXLS, G, and WNS...
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SEC & MMS: A Tale of Two Failures
Friday, July 9, 2010 - 12:59am | 523SEC & MMS: A Tale of Two Failures By Eliot Spitzer and William Black, courtesy of New Deal 2.0 How many disasters will it take to overhaul the regulatory agencies? The SEC and the Minerals Management Service’s (MMS) share a number of characteristics we can’t help but notice in the wake of the...
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Protection Purchased on Accenture (ACN)
Thursday, July 8, 2010 - 2:07pm | 115Shares of Accenture PLC (NYSE: ACN) are lower on the session by 0.18%, currently trading at $39.19. The stock has been trading lower over the past three months, though it is off its current lows. Options traders are buying protection today. The August $40.00 put was purchased 2,000 times earlier...
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Ingram Micro Acquires Asiasoft - Analyst Blog
Thursday, July 8, 2010 - 12:24pm | 404Ingram Micro. (IM), the leading distributor of Information Technology (IT) products and supply chain solutions recently completed the acquisition of Asiasoft Hong Kong Limited, one of the value-added software distributors with a major presence in Hong Kong. Asiasoft caters to a broad range of...
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Top Performing Industries For July 8 (TLVT, MHP, PZZ, THC)
Thursday, July 8, 2010 - 11:54am | 235At 10:59 am, the Dow gained 0.44% to 10,062.17, the broader Standard & Poor's 500 index moved up 0.25% to 1,062.88 and the NASDAQ composite index rose 0.28% to 2,165.60. The industries that are driving the market today are: Computer Based Systems: This industry jumped 2.85% by 10:59 am. The top...
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Top 4 Stocks In The Application Software Industry With The Highest Profit Margin (PWRD, STV, CPBY, MSFT)
Thursday, July 8, 2010 - 7:02am | 157Below are the top application software stocks on the NYSE and the NASDAQ in terms of profit margin. The trailing-twelve-month profit margin at Perfect World Co Ltd (NASDAQ: PWRD) is 48.07%. While PWRD’s shares have fallen 14.58% over the past 52 weeks, the S&P 500 index has gained 20.55% in the...
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Computer Sciences Wins UBS Deal - Analyst Blog
Wednesday, July 7, 2010 - 2:09pm | 540Virginia-based software major Computer Sciences Corporation (CSC) signed a 5-year information technology (IT) services deal with Swiss bank UBS AG (UBS). As per the terms of the deal, Computer Sciences will provide extensive services (networking, security and telecommunications) in support of UBS’...
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Morgan Keegan Reiterates Outperform Rating On EMC Corp. (EMC)
Wednesday, July 7, 2010 - 11:16am | 122Morgan Keegan is out with a company note on EMC Corp. (NYSE: EMC). The analysts wrote that "EMC's acquisition of Greenplum suggests the near-term launch of products based on a collaborative efforts between Greenplum and EMC which we believe have been ongoing for some time." Furthermore, the firm...
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Zanett Signed Record Contracts in Q2
Wednesday, July 7, 2010 - 10:23am | 183Zanett, Inc. (Nasdaq: ZANE) announced today that Q-2 2010 was a record quarter for the firm with respect to the rate of contracts closed in a quarterly period. Between the period of April 1, 2010 and June 30, 2010, over $20.6 million in new business has been closed. This amount is comprised of 50...
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Benzinga’s Top Downgrades (EW, RNOW, TEX, FCN)
Wednesday, July 7, 2010 - 7:50am | 143Edwards Lifesciences Corp (NYSE: EW) was downgraded by BMO Capital from “outperform” to “market perform.” EW’s shares closed at $56.60 yesterday. Edwards Lifesciences’ quarterly earnings fell 22.48%. Janney Montgomery downgraded RightNow Technologies Inc (NASDAQ: RNOW) from “buy” to “neutral.” RNOW...
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Janney Montgomery Downgrades RNOW To Neutral
Wednesday, July 7, 2010 - 6:09am | 52Analysts at Janney Montgomery Scott downgrade RightNow Technologies (NASDAQ: RNOW) from "buy" to "neutral." The target price for RNOW has been reduced from $22 to $17. RNOW’s shares fell 1.36% to close at $14.54 yesterday. More Analyst Ratings here
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IBM Acquires BigFix - Analyst Blog
Tuesday, July 6, 2010 - 3:59pm | 845Information Technology (IT) giant, International Business Machines Corp. (IBM) signed an agreement to acquire security and corporate IT compliance software provider BigFix Inc. for an undisclosed amount. According to Bloomberg, IBM paid a whopping amount of approximately $400.0 million for the...
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Puts Sold on Sapient Corp.
Tuesday, July 6, 2010 - 12:53pm | 113Shares of Sapient Corp. (NASDAQ: SAPE) are flat on the session, currently trading at $9.96. The stock has been trading largely higher over the past six months, but is now testing the 50-day moving average. Options traders are selling puts on the name today. The August $12.50 strike was sold 940...
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Benzinga’s Volume Movers (FORR, HSNI, AIXG, VOCS)
Thursday, July 1, 2010 - 1:57pm | 163Forrester Research Inc (NASDAQ: FORR) shares gained 0.93% to $30.54 at 12:04 pm. The volume of FORR shares traded was 415% higher than normal. FORR’s quarterly earnings jumped 119.40% y/y. HSN Inc (NASDAQ: HSNI) shares jumped 5.04% to $25.21. The volume of HSNI shares traded was 151% higher than...
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Protection Purchased on Cognizant Technology (CTSH)
Wednesday, June 30, 2010 - 4:51pm | 126Shares of Cognizant Technology Solutions (NASDAQ: CTSH) ended the session lower by 0.97%, trading at $50.06. The stock has been trading largely higher over the past six months, though in recent trading the stock has begun to struggle around to 50-day moving average. Options traders were buying...