Cisco is finding that sometimes acquisitions aren't quite as easy to do as showing the money. This morning it upped its bid for Tandberg from $3 billion to roughly $3.4 billion. Some holders of sizeable chunks of Tandberg stock had objected to the Cisco offer as inadequate....
By Wojciech MoskwaOSLO (Reuters) - U.S. network equipment maker Cisco has raised its bid for Norwegian video conferencing equipment maker Tandberg, backed by holders of more than 40 percent of its shares, few of whom had warmed to its previous bid.Cisco said it would pay 170 crows per Tandberg share,...
(Reuters) - Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.84 percent, Dow Jones futures up 0.57 percent and Nasdaq 100 futures up 0.55 percent at 0925 GMT (4:25 a.m. EST).Investors were bracing for U.S. monthly retail sales...
Hewlett Packard HP is buying network software maker 3Com for USD2.7bn in a bid to expand its network product sales and compete with rival Cisco. The deal will provide HP with a bigger influence in China as 3Com holds a large share of the network software market in the...
By Ritsuko Ando and Gabriel MadwayNEW YORK/SAN FRANCISCO (Reuters) - Hewlett-Packard Co HPQ is making a move into the telecom equipment market by striking a $3.1 billion deal for 3Com Corp COMS, in a major challenge to Cisco Systems Inc CSCO.The deal is the latest sign that technology giants from...
Technology stocks advance across the board , riding a wave of broader market optimism as gold and other commodities rise sharply and the dollar retreats against most rival currencies.
Cisco Systems (NasdaqNM: CSCO) closed yesterday at $23.46. So far the stock has hit a 52-week low of $13.61 and 52-week high of $24.83. Cisco Systems stock has been showing support around 23.17 and resistance in the 23.71 range. Technical indicators for the stock are Bearish and S&P gives CSCO a positive 4 ST...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)
Gold was all the rage again last week. But why is it rising, and does anyone really know what it’s worth?
According to the way I calculate momentum, gold has just barely entered the gravity-free zone - where it has the potential to start advancing a lot, with much more fluidity.
And that translates into ...
Tobin Smith and Joshua Levine of ChangeWave Research report signs of revival in corporate technology purchases, and mention one tech giant this should help.
Hewlett-Packard Co. (NYSE: HPQ), the world's largest personal-computer maker by revenue, is scheduled to release its fiscal fourth quarter financial results after the market close on Monday, November 23, 2009.[More...]
Salesforce.com (CRM) announced strong earnings, but there are red flags in the details. The stock is off in early trading, and could decline significantly over the next two quarters.
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