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Piper Jaffray Reports on Red Hat
Thursday, June 2, 2011 - 7:54am | 161Piper Jaffray commented on Hologic (NYSE: RHT) in a report released today. In the report, Piper Jaffray was positive in its assessment of the company. Piper Jaffray writes, "We surveyed 50 Red Hat resellers and found that 98% observe Red Hat extending or maintaining its lead over the competition....
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Citi Positive On Windows 8
Thursday, June 2, 2011 - 7:53am | 266Citi Investment Research is out with a research report on Microsoft (NASDAQ: MSFT) as the company previewed its new operating system, Windows 8. It has a Buy rating and a $35 price target on shares. In a note to clients, Citi writes, "While demos are controlled and the general public has not...
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Tech Companies Ramp Up Tablet Production as Demand Increases
Thursday, June 2, 2011 - 6:47am | 351Signs continue to emerge that technology companies are ramping up production on tablet computers, following a noticeable increase in consumer demand for the new devices. Sharp Corporation (PINK: SHCAY), based in Japan, is positioning one of its factories to dedicate more than 70% of total output...
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Relax, Nokia Isn't Selling to Microsoft
Wednesday, June 1, 2011 - 4:18pm | 285Nokia (NYSE: NOK) CEO Stephen Elop Appeared on CNBC Wednesday to rebut rumors that his company was close to selling itself to Microsoft (NASDAQ: MSFT). “Rumors of a Microsoft deal are baseless,” Elop said. Rather, Elop explained, the company was quickly restructuring and preparing to unveil a new...
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VMware Gives Back Most Of Session Gains
Wednesday, June 1, 2011 - 2:50pm | 97One of the few bright spots today, VMware, Inc. (NYSE: VMW) has given up almost all of its gains seen today, and shares are only up 0.5%, after having been up as much as 5% earlier in the session. Shares of the cloud computing company hit a high of $102.74, but are now trading at $97.88, a gain of...
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What Nokia's Implosion Means for Microsoft's Smartphone Assault
Wednesday, June 1, 2011 - 2:17pm | 634By Michael Comeau Nokia's (NOK) big blow-up yesterday should come as no surprise to anyone with even a mild interest in the mobile-phone business. I said last summer that “if your name isn't Apple (AAPL), Android is going to kill you.” The numbers have supported this theory all along. Gartner...
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Options Brief: VMware, Inc.
Wednesday, June 1, 2011 - 11:09am | 102Shares of VMware, Inc. (NYSE: VMW) are higher on the session by 3.35%, trading at $100.58. Overall call volume is now running at 2.29x the daily average, with 60% of all calls traded being purchases on the offer. 10,410 contracts have traded on the session so far. VMware, Inc. is a provider of...
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Cloud Stocks Keep The Sky From Falling
Wednesday, June 1, 2011 - 10:48am | 161The major stock market indexes have reversed all of yesterday's holiday hangover rally. The Dow Jones Industrial Average is now trading lower by 122.00 points. The financial stocks are getting sold off sharply and this weak sector is certainly weighing on the major stock indexes. There is one small...
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For Windows, Microsoft Asks Chipmakers to Only Work with One Tablet Manufacturer
Wednesday, June 1, 2011 - 7:04am | 287Microsoft (NASDAQ: MSFT) has requested that chipmakers seeking to use Windows software for tablet production only use one manufacturer, three people with knowledge of the plan told Bloomberg. According to the report, "Seeking to limit variations may help Microsoft speed the delivery of new Windows...
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Nokia's Decline is Doubly Depressing
Tuesday, May 31, 2011 - 4:35pm | 504When a colleague told me to check out the “top news” on Nokia (NYSE: NOK), I was pleasantly surprised by his urgency “The company must be making a move,” I thought. “A new product…maybe a new service… Whatever it is, I'm sure it's better than everything else Nokia has done this year.” Sadly, I...
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VMware Acquires Enterprise Social Collaboration Provider Socialcast
Tuesday, May 31, 2011 - 4:04pm | 25VMware, Inc. (NYSE: VMW) today announced the acquisition of Socialcast. Terms of the acquisition were not announced.
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Nokia Looking To Kill The Symbian
Tuesday, May 31, 2011 - 1:55pm | 257Nokia (NYSE: NOK) issued a statement today to say that they are planning to kill the Symbian phone line. After teaming up with Microsoft (NASDAQ: MSFT) in February of this year, it was immediately clear that Nokia planned on scrapping the phone line and start using Windows Phone 7 for its...
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VM Ware and Salesforce.com Lag Early
Tuesday, May 31, 2011 - 10:41am | 287This morning, the major stock indexes are all trading higher as the U.S. Dollar Index remains at the lows of the session. The rally today is broad based with early strength in energy, commodities and technology. Two leading technology stocks are not participating in the morning rally and they are...
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News Summary for May 31, 2011
Tuesday, May 31, 2011 - 8:23am | 400This is your morning news summary and trader's outlook from Benzinga for Tuesday, May 31, 2011, covering the Memorial Day weekend and Tuesday's pre-market session. Stock index futures are trading slightly higher this morning as traders await home prices data and consumer confidence reports. Higher...
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UPDATE: Citi Color on FIRE, FTNT, WBSN Initiations
Tuesday, May 31, 2011 - 7:26am | 153Citi, which initiated coverage of Sourcefire, Inc. (NASDAQ: FIRE), is providing some color on small caps. Citi also initiated coverage of Fortinet Inc. (NASDAQ: FTNT) and Websense, Inc. (NASDAQ: WBSN). “Trends including innovative web application technologies and the proliferation of mobile...