IT News: Cisco Systems, Inc. (CSCO)’s Huge Boost, Hewlett-Packard Company (HPQ)’s Expectations & 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)

Cisco fixes critical remote command execution vulnerability in Secure Access Control Server (ITWorld)
Cisco Systems, Inc. (NASDAQ:CSCO) released security patches for Secure Access Control Server (Secure ACS) for Windows to address a critical vulnerability that could allow unauthenticated attackers to remotely execute arbitrary commands and take control of the underlying operating system. Cisco Secure ACS is an application that allows companies to centrally manage access to network resources for various types of devices and users. According to Cisco’s documentation, it enforces access control policies for VPN, wireless and other network users and it authenticates administrators, authorizes commands, and provides an audit trail.

Cisco Systems, Inc. (NASDAQ:CSCO)

Hewlett Packard-owned software services firm Mphasis third-quarter sales up 10% (IndiaTimes)
Hewlett-Packard Company (NYSE:HPQ)-owned software services firm Mphasis’s third-quarter sales jumped 10%, beating analyst expectations, as demand for software services rose and clients in the United States spent more on technology. The Bangalore-based company, in which Palo Alto, California-based HP owns a 61% stake, said its third-quarter revenue stood at Rs 1,540 crore, compared with Rs 1,405 crore in the previous quarter. Analysts who track MphasisBSE 2.92 % had forecast a 2% to 3% revenue growth in rupee terms.

Asia Pacific server market grows in Q2 (IDG)
The Asia Pacific server market grew 10 per cent in revenue and 21.7 per cent in shipments, in the second quarter of 2013, according to Gartner. Worldwide server shipments have jumped four percent year-on-year in the second quarter of 2013, but revenue dropped 3.8 percent. International Business Machines Corp. (NYSE:IBM) took the lead after posting worldwide server revenue of nearly $3.2 billion for a total share of 25.6 percent. The biggest revenue contribution was from its System z, according to the analyst firm. In terms of shipments, HP took top spot, despite a year-on-year shipment decline of 13.6 percent for the quarter. Its shipment share was 23.9 percent representing a 4.8 percent decrease compared to the same time last year. There was a new entrant with Inspur making it into the top five after landing a significant high-performance computing deal in China.

Why Cisco Systems, Inc. (NASDAQ:CSCO) Is Still a Buy (FinancialsTrend)
In spite of lackluster fiscal 4th quarter facts, Cisco Systems, Inc. (NASDAQ:CSCO) still deserves a position in growth portfolios. Yes, the Silicon Valley networking tools company declared that it is cutting down its staff by around 4,000 – 5 per cent of its personnel. Yes, deals from Asian as well as Chinas markets remained feeble. And yes, chief executive officer John Chambers stated that development in product lines from particular nations such as Asia and China are “not at the speed we wish.” But yes, the company’s stock is still a ‘good’ buying option.

Hewlett-Packard Receives Hold Rating from TheStreet (HPQ) (UtahPeoplesPost)
TheStreet reiterated their hold rating on shares of Hewlett-Packard Company (NYSE:HPQ) in a research report sent to investors on Tuesday morning, reports. “Hewlett-Packard (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 increase in stock price during the past year, compelling growth in net income and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, poor profit margins and weak operating cash flow.,” TheStreet’s analyst commented.

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