Hewlett Packard Sues Brevard Clerk of Court For Disputed Scanning Contract Payments (BrevardTimes)
Hewlett-Packard Company (NYSE:HPQ) Financial Services Company has filed a lawsuit against the Brevard County Clerk of the Circuit Court alleging that the Clerk’s Office has failed “to make its monthly installment payments” of $110,776.00 since November 2012 regarding a $6.1 million loan for digitizing court records. Clerk Scott Ellis said in response to the lawsuit, “The Clerk’s Office did not approach Hewlett-Packard Company (NYSE:HPQ) for the loan. BlueGem worked with Hewlett-Packard Company (NYSE:HPQ) to put the loan package together to get the Clerk’s Office to sign off. Hewlett-Packard Company (NYSE:HPQ) provided the legal opinion to the allegedly independent attorney assessing the loan language of the note. Hewlett-Packard Company (NYSE:HPQ) also arranged for a $200,000 performance bond for the BlueGem scanning contract.
IBM’s latest PowerLinux server is aimed at Big Data and other analytics applications. (ITWire)
The International Business Machines Corp. (NYSE:IBM) PowerLinux 7R4 server can be configured with up to four sockets and 32 cores, making it ideal for compute-intensive workloads such as analytics, according to company officials. International Business Machines Corp. (NYSE:IBM)’s PowerVM virtualisation software allows a 7R4 server to be partitioned to run Red Hat or SUSE Linux at the same time as the company’s AIX or i operating systems, or both. International Business Machines Corp. (NYSE:IBM) also announced that Cognos Business Intelligence is now available for Power Systems running Linux, along with DB2, WebSphere and InfoSphere.
Cisco Systems PT Raised to $30.00 (CSCO) (WatchListNews)
Cisco Systems, Inc. (NASDAQ:CSCO) had its price objective raised by Pacific Crest from $28.00 to $30.00 in a research report released on Thursday morning, StockRatingsNetwork.com reports. Pacific Crest currently has an outperform rating on the stock. Cisco Systems, Inc. (NASDAQ:CSCO) traded down 0.53% on Thursday, hitting $25.36. Cisco Systems, Inc. (NASDAQ:CSCO) has a 1-year low of $15.65 and a 1-year high of $26.15. The stock’s 50-day moving average is currently $24.9. The company has a market cap of $135.5 billion and a price-to-earnings ratio of 14.16.
IBM launches tool to cut cost in mineral exploration (TheHinduBusinessLine)
International Business Machines Corp. (NYSE:IBM) on Tuesday announced solutions and new exploration technologies to improve capabilities at finding remote fields and mines. The global IT company introduced “mine-to-ship”, a solution that will improve organisational efficiency and optimise resource utilisation. The solution will benefit mining companies by increasing resource usage, ensuring higher throughput, reduced cost of operations and higher revenues, claims the US-based company. The International Business Machines Corp. (NYSE:IBM) solutions help improve management of energy usage resulting in reduced costs, optimise energy supply planning based on production demand, schedule adherence and generation monitoring.
