Editor’s Note: Related tickers: Cisco Systems, Inc. (NASDAQ:CSCO), Hewlett-Packard Company (NYSE:HPQ), International Business Machines Corp. (NYSE:IBM), AT&T Inc. (NYSE:T), Sourcefire, Inc. (NASDAQ:FIRE), Globecomm Systems, Inc. (NASDAQ:GCOM), WESCO International, Inc. (NYSE:WCC)
Sourcefire profit doubles in second quarter (BizJournals)
Sourcefire, Inc. (NASDAQ:FIRE), set to be acquired by Cisco Systems, Inc. (NASDAQ:CSCO) for $2.7 billion, reported a nearly 100 percent increase in second-quarter earnings. The Columbia cyber security firm posted a profit of $2.2 million, or 7 cents per share, during the period. That was up from $1.1 million, or 4 cents per share, in the year-ago quarter. Revenue rose 29 percent to $65.05 million, up from $50.6 million a year ago. …Sourcefire, Inc. (NASDAQ:FIRE) announced last week plans to be acquired by Cisco Systems, Inc. (NASDAQ:CSCO) for $2.7 billion. The deal is expected to close in the second half of 2013.
Hewlett-Packard, AT&T Hit Over Cloud Computing IP (Law360)
Hewlett-Packard Company (NYSE:HPQ), AT&T Inc. (NYSE:T) and CA Technologies Inc. were hit in Delaware on Friday with suits from Clouding IP LLC, accusing them of infringing a slew of patents related to cloud-based computing technologies, the latest in the company’s recent onslaught of litigation over intellectual property for cloud computing. The three companies were all accused of infringing the same four patents — all pertaining to visual interfaces for cloud computing and monitoring the state of data centers. AT&T Inc. (NYSE:T) was accused of infringing an additional four patents that covered technologies for…
Don’t adapt old IT security policies for BYOD: IBM (ZDNet)
Morphing existing IT security policies to accommodate for bring your own device (BYOD) is the wrong way to address BYOD, according to International Business Machines Corp. (NYSE:IBM) Institute for Advanced Security director, Glen Gooding. According to a recent report by data backup vendor Acronis, 57 percent of Australian organisations do not have a BYOD policy in place, and 33 percent of them do not even allow personal devices to access the corporate network. For organisations that do have a BYOD policy, many of them are doing it wrong by merely adapting their old IT security policy for mobile devices, Gooding said.
Pentagon Splits Orders for Supply of Cisco, Related HD Equipment (Fool)
Three firms split a $45 million U.S. Department of Defense contract to supply the Defense Media Activity department at Fort Meade, Md., with Cisco Systems, Inc. (NASDAQ:CSCO) satellite decoders and HD encryption systems. Curiously, however, none of these companies was actually named Cisco Systems, Inc. (NASDAQ:CSCO) itself. Instead, the winners who will compete among themselves to fulfill the $45 million firm-fixed-price, multiple-award, indefinite-delivery/indefinite-quantity contract include privately held Bluewater Communications Group LLC, small-cap Globecomm Systems, Inc. (NASDAQ:GCOM), and TVC Communications LLC, of Annville, Penn., a small subsidiary of larger electronics distributor WESCO International, Inc. (NYSE:WCC). All three will now be competing against each other to win the Pentagon’s business on individual task orders for the Cisco Systems, Inc. (NASDAQ:CSCO) and other HD equipment on order.