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

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), Dell Inc. (NASDAQ:DELL)

Job Cuts Coming As Cisco Trims Costs (NASDAQ:CSCO) (SSUChronicle)
Cisco Systems, Inc. (NASDAQ:CSCO) has announced its intentions to cut 4,000 jobs, or roughly 5 percent of its work force, in the coming months. The cuts are part of the company’s effort to trim costs and reorganize. Executives are claiming that the moves are needed to compete in a “challenging” global economic climate. Cisco is the technology industry’s biggest computer infrastructure equipment maker and sells networking software and services and videoconferencing systems. The cuts are surprising to many, considering that Cisco Systems, Inc. (NASDAQ:CSCO) reported better-than-expected earnings in the fourth quarter of its fiscal year.

Cisco Systems, Inc. (NASDAQ:CSCO)

Hewlett-Packard Downgraded by Zacks to Neutral (HPQ) (DailyPolitical)
Hewlett-Packard Company (NYSE:HPQ) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Friday, AnalystRatingsNetwork reports. They currently have a $24.00 price objective on the stock. Zacks‘ price objective would suggest a potential upside of 6.57% from the company’s current price. Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “hold” rating on shares of Hewlett-Packard in a research note to investors on Tuesday. Separately, analysts at Sanford C.

IBM Closes CSL International Acquisition for zEnterprise Acceleration (eWeek)
International Business Machines Corp. (NYSE:IBM) announced it has completed the acquisition of CSL International, a provider of virtualization management technology for IBM’s zEnterprise System. IBM initially announced plans to acquire CSL in July, with a definitive agreement to buy the company based in Herzliya Pituach, Israel. Financial terms of the deal were not disclosed. A strategic investment in the System z portfolio, the acquisition deepens the system’s consolidation and cloud capabilities by offering simplified management of the virtualization environment.

Cisco Skips VMware’s NSX Coming-Out Party (NetworkComputing)
At the official launch of NSX at VMworld, executives at the virtualization company touted the company’s partnerships with 20 networking, security and other vendors. HP, Dell Inc. (NASDAQ:DELL), Brocade, Arista and Juniper Networks were among those that unveiled technologies that integrate with NSX at the conference. Cisco Systems, Inc. (NASDAQ:CSCO) was a notable exception from the NSX partner hoopla. Asked about VMware’s relationship with the networking giant during a press Q&A Tuesday, VMware CEO Pat Gelsinger said, “We’ll do everything in our power to build the partnership we have with Cisco.”

Hewlett-Packard Company (NYSE:HPQ) packing a PC punch in India (GDPInsider)
Emerging markets like India have become a magnet for phone and computer companies. Hewlett-Packard Company (NYSE:HPQ) has now expanded its commercial Personal Computer portfolio in the market in India. It has launched a hybrid, touch enabled laptop as well as a business-notebook. In a release, the company said that The HP ProBook 430 and the HP EliteBook Revolve will now be available right across the country. The touch-enabled laptop, EliteBook allows users to share work and it functions as a tablet as well.

Debate It: Bull vs. bear on IBM (CNBC)

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!