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Updates on IT Stocks: Cisco Systems, Inc. (CSCO)’s Flat Session, Hewlett-Packard Company (HPQ)’s Investigation & International Business Machines Corp. (IBM)’s Recommended Strategies

Editor’s Note: Related tickers: Cisco Systems, Inc. (NASDAQ:CSCO), Hewlett-Packard Company (NYSE:HPQ), International Business Machines Corp. (NYSE:IBM)

Cisco Systems, Inc. (NASDAQ:CSCO) – $23-$23.20 Is The Trend Decider Zone (Avauncer)
Cisco Systems, Inc. (NASDAQ:CSCO) (Closed: $23.55, Down: 0.59%) opened weak on Friday and spent an absolutely flat session sleeping just below the previous day’s closing price. The lack of market interest was clearly evident from the volume, which at 28 million was much lower than the average volume of 34 million. The price action created a red candle engulfing the previous two days’ range. The stock had an almost unbelievable run in the period of 1992 – 2000, when it reached a high of $53.60 from the insignificant low of $0.13. This poster boy of the IT bubble felt the pain most acutely in the aftermath of the bubble burst, when it dropped vertically to $8.12 by the end of 2002…

Cisco Systems, Inc. (NASDAQ:CSCO)

Hewlett-Packard Says Polish Regulators Join Bribery Probe (BusinessWeek)
Hewlett-Packard Company (NYSE:HPQ) said the Polish Anti-Corruption Bureau joined an investigation by U.S. regulators into potential violations of the Foreign Corrupt Practices Act by the computer maker. The probe, along with the U.S. Department of Justice and U.S. Securities and Exchange Commission, centers on an employee of Hewlett-Packard Company (NYSE:HPQ)’s Polska unit and “public sector transactions in Poland,” according to a regulatory filing (HPQ:US) today.

IBM Develops Plan To Enhance Ethiopia’s Trade And Streamline Governance (Sys-Con)
International Business Machines Corp. (NYSE:IBM) experts have recommended strategies for strengthening Ethiopia’s livestock industry — the primary source of income for the majority of citizens there — and making government more efficient. Making the recommendations was a 12-person IBM team hailing from 8 countries that spent 30 days in Ethiopia working with three government ministries as part of an IBM Corporate Service Corps engagement.

Is Cisco Systems, Inc. (CSCO) Set to Bounce? (SchaeffersResearch)
Since notching a three-year peak of $26.49 on Aug. 7, the shares of Cisco Systems, Inc. (NASDAQ:CSCO) have given up 10.6% to $23.67 — mostly thanks to an earnings-induced bear gap on Aug. 15. However, option traders of late have been gambling on a recovery, with CSCO emerging as one of the top 25 targets among call traders on the International Securities Exchange (ISE). Specifically, CSCO has seen 12,589 calls change hands on the ISE over the past five days, compared to fewer than 4,000 puts. As a result, the stock sports a 5-day call/put volume ratio of 3.17.

Hewlett-Packard bonds defy PC industry losses (JournalGazette)
Hewlett-Packard Company (NYSE:HPQ) has suffered an $8.8 billion writedown, had its debt rating cut and abandoned a forecast for higher sales, all in the past year. That hasn’t kept the computer maker’s bondholders from reaping returns in the face of industry losses. Debt securities of Hewlett-Packard have returned 0.74 percent in the past year against an average 3.38 percent loss for the $177 billion of investment-grade technology bonds tracked by Bloomberg.

IBM shifting many retirees off health plan (BizJournals)
International Business Machines Corp. (NYSE:IBM) will give many retirees money to purchase health coverage through a health-insurance exchange program, according to a report by the Associated Press. The company is shift retirees away from its own health care plane to reduce a potential tripling of health insurance costs in 2020 due to the large number of retirees who would be Medicare eligible by then, according to the report.

You asked for it trades (CNBC)

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