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

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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.

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