IT News: Cisco Systems, Inc. (CSCO)’s Upgrade Plans, Hewlett-Packard Company (HPQ) Dropping Claims & International Business Machines Corp. (IBM)

Page 1 of 2

Editor’s Note: Related tickers: Cisco Systems, Inc. (NASDAQ:CSCO), Hewlett-Packard Company (NYSE:HPQ), International Business Machines Corp. (NYSE:IBM), Deutsche Bank AG (USA) (NYSE:DB), Microsoft Corporation (NASDAQ:MSFT)

Deutsche Bank Increases Cisco Systems Price Target to $28.00 (CSCO) (Zolmax)
Research analysts at Deutsche Bank AG (USA) (NYSE:DB) upped their target price on shares of Cisco Systems, Inc. (NASDAQ:CSCO) from $26.00 to $28.00 in a report released on Monday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Deutsche Bank AG (USA) (NYSE:DB)’s price target would suggest a potential upside of 6.91% from the stock’s previous close. The analysts wrote, “Cisco Systems, Inc. (NASDAQ:CSCO) reports Aug 14. We are modeling Q4: $12.41B / 51c and Q1: $12.51B / 50c vs consensus calling Q4: $12.40B / 51c and Q1: $12.45B / 51c.

Hewlett-Packard CompanyHewlett-Packard Stock Rating Reaffirmed by TheStreet (HPQ) (UtahPeoplesPost)
Hewlett-Packard Company (NYSE:HPQ)‘s stock had its “hold” rating reaffirmed by stock analysts at TheStreet in a report issued on Friday, AnalystRatingsNetwork reports. The analysts wrote, “Hewlett-Packard Company (NYSE:HPQ) has been reiterated by TheStreet Ratings as a hold with a ratings score of C-. The company’s strengths can be seen in multiple areas, such as its solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.”

IBM CEO doesn’t forget Parris in Power and Mainframe top job lob (TheRegister)
Back in April, International Business Machines Corp. (NYSE:IBM) CEO Ginni Rometty switched the roles of her chief strategist and the head of Systems and Technology Group, and the changes are now rippling through the various International Business Machines Corp. (NYSE:IBM) server divisions. Four months ago, long-time IBMers Tom Rosamilia and Rod Adkins switched desks. Adkins had been running Systems and Technology Group for the past couple of years, and Rosamilia, who used to work for Adkins as general manager of the System z business and then the additional Power Systems business unit within Systems and Technology Group, was tapped by Rometty to be vice president of corporate strategy and general manager of enterprise initiatives.

Cisco upgrades network for Internet exchange operator in Brazil (LightWaveOnline)
Cisco Systems, Inc. (NASDAQ:CSCO) says the Brazilian Network Information Center (NIC.br) has deployed Cisco Systems, Inc. (NASDAQ:CSCO) IP/DWDM and 100G technologies as part of its expansion of the PTT.br Internet exchange. Integral to these upgrade plans is the Cisco Systems, Inc. (NASDAQ:CSCO) ASR 9000 Series router for highly resilient and redundant IP connectivity and robust support for IPv6, the company says. The improved fiber-optic network serving Sao Paulo and other major cities will include virtual private LAN services (VPLS) and 100-Gbps technologies to help ensure that Brazil’s Internet infrastructure is able to keep up with increasing demand due to economic growth and key international sport events.

Ibm Mobile First Offers Real Time Monitoring (Youtube)

Hewlett-Packard Company (NYSE:HPQ) Drops Lawsuit Against Tatung And Chunghwa. Stock Surges (NYSEPost)
Hewlett-Packard Company (NYSE:HPQ) closed in the previous trading session at $27.00 after going up by $0.77 (or 2.94%). It marked the day’s high at $27.78 and the day’s low at $26.24. Recently the company, had ended a lawsuit which claimed that Tatung Co. of America Inc. and Chunghwa Picture Tubes Ltd were fixing the prices of liquid-crystal display screens. In the Federal Court of San Francisco, filed on Thursday, the three parties agreed to dismiss the case that was filed in the year 2012 but the document did not clearly mention as to why Hewlett-Packard Company (NYSE:HPQ) is dropping its claims against the Taiwanese firms.

Pennsylvania drops IBM from contract after 42-month, $60M project overrun (FierceCIO)
When a project runs this far off the rails, there is plenty of blame to spread around. More importantly, there are also plenty of reminders and lessons about good IT project management. The object lesson at hand is a State of Pennsylvania effort to modernize its unemployment compensation system. Department of Labor and Industry Secretary Julia Hearthway issued a statement recently that Big Blue, originally contracted in 2006 for the development work, will not be renewed. So this is International Business Machines Corp. (NYSE:IBM)’s fault? Partly.

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!