HPQ posts
FeedPosted Nov 1st 2009 10:10AM by Tom Johansmeyer (RSS feed)
Filed under: Cisco Systems (CSCO), Hewlett-Packard (HPQ), International Business Machines (IBM), EMC Corp (EMC), Technology
Neither company is saying a thing yet, but word is Cisco Systems (NASDAQ: CSCO) and EMC (NYSE: EMC) are joining up to sell a new collection of products designed to deliver cloud computing capabilities, Reuters reports. Called vBlock, the cloud solution is intended to help the companies compete more effectively with IBM (NYSE: IBM) and Hewlett-Packard (NYSE: HPQ).
The partnership, which no one is admitting to, involves a joint venture between Cisco and EMC that will sell vBlock. The former will supply the networking equipment and servers, with the latter kicking in the storage gear and virtualization technology through its VMWare (NYSE: VMW) subsidiary. The joint venture will put the systems together, integrate the components for clients, and make the whole pile of cables and silicon work. A formal announcement is expected next week.
Continue reading Cisco and EMC link up in the clouds
Posted Oct 15th 2009 5:15PM by Steven Mallas (RSS feed)
Filed under: Earnings reports, Microsoft (MSFT), Apple Inc (AAPL), Hewlett-Packard (HPQ), International Business Machines (IBM), Technology
International Business Machines (NYSE: IBM) reported Q3 results after the bell on Thursday. Net sales decreased 7% when compared to the year-ago period. Okay, that doesn't sound like a great start. Wait, though, because things are about to get better from here.
Sales actually increased 1% on a sequential basis. Net profit on a dollar basis went up 14%. Net margin improved. And on a per-share basis, net income jumped 18% to $2.40. According to our earnings preview, this was two pennies ahead of analyst projections.
Continue reading IBM's incredible third quarter -- would you sell on these numbers?
Posted Oct 14th 2009 9:30AM by Jim Cramer (RSS feed)
Filed under: Microsoft (MSFT), Hewlett-Packard (HPQ), Intel (INTC), Market matters, Cramer on BloggingStocks, Technology
TheStreet.com's Jim Cramer says call-sellers will be frantically trying to bring in their annuity calls after Intel's report. Oh no, a second time. A second time that all of that juicy premium attracted call sellers who are now going to be frantically trying to bring in their annuity calls -- the
Intel (NASDAQ:
INTC) (
Cramer's Take) October 20s, 21s and 22s, or the
Microsoft (NASDAQ:
MSFT) (
Cramer's Take) October 25s and 26s, or the
Hewlett-Packard (NYSE:
HPQ) (
Cramer's Take) 45s and 46s and 47s and so many other calls that have been great sells forever that are now going to cause you to lose your stock Friday.
I never liked selling calls against common stock because I never liked cutting off my upside, like the upside that you will get today in Intel.
Continue reading Cramer on BloggingStocks: Scramble for tech
Posted Oct 13th 2009 10:50AM by Tom Johansmeyer (RSS feed)
Filed under: Industry, Microsoft (MSFT), Dell (DELL), Hewlett-Packard (HPQ), Best Buy (BBY), Costco Wholesale (COST)
Microsoft's (NASDAQ: MSFT) new operating system, Windows 7, is set to be released on October 22, 2009, but it's unlikely to have an impact on PC prices. So, if you're feeling the urge to rush out and buy a new box, try to hold out until the end of the month. You'll get a bit more life out of it.
Fortunately, PC prices aren't expected to get much lower, so the entire supply chain -- from chips to software -- has nowhere to go but up. The effect, though, has been to put some serious pressure on manufacturers and retailers to keep from screwing up the release.
Continue reading Inventories add pressure to Windows 7 release
Posted Sep 29th 2009 11:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Hewlett-Packard (HPQ), Coca-Cola (KO), Analyst initiations
Analyst upgrades:
- FBR Capital upgraded U.S. Bancorp (NYSE: USB) and New York Community Bancorp (NYSE: NYB) to Market Perform from Underperform to reflect a new valuation framework. The firm raised its target on U.S. Bancorp to $21 from $14 and on New York Community Bancorp to $10 from $9.
- Stephens upgraded Insulet (NASDAQ: PODD) to Overweight from Equal Weight to reflect the company's top-line growth prospects and reasonable expectations. The firm raised its target on shares to $14 from $8.
- Baird upgraded Athenahealth (NASDAQ: ATHN) to Outperform from Neutral and raised its target to $46 from $37 based on expectations for revenue and gross margin expansion, and relative valuation.
- Broadcom (NASDAQ: BRCM) was upgraded to Overweight from Equal Weight at Barclays.
- Phillips-Van Heusen (NYSE: PVH) was upgraded to Buy from Neutral at BofA/Merrill.
- Reliant Energy (NYSE: RRI) was upgraded to Conviction Buy from Neutral at Goldman.
Continue reading Analyst upgrades, downgrades and initiations: AZN, HPQ, KO, MA, SCHW, USB ...
Posted Sep 28th 2009 4:00PM by Douglas McIntyre (RSS feed)
Filed under: Major movement, Hewlett-Packard (HPQ), International Business Machines (IBM), Citigroup Inc. (C), Abbott Laboratories (ABT), Bank of America (BAC), Xerox Corp (XRX), S and P 500, DJIA, NASDAQ
Traders had on their rally caps today, and the DJIA moved as high as 9,823 as it renewed its ascent toward 10,000. The index moved back down a bit at the end of the day as traders got lazy during a session in which most of the news came before the bell.
Abbott Laboratories (NYSE: ABT) and Xerox Corporation (NYSE: XRX) both announced deals today that pumped some air into the M&A business. Financial shares are mostly moving higher because increased M&A activity generally means more fees for financial services companies. Trading volume was light, mostly due to the Yom Kippur holiday today.
Today's numbers:
Dow 9,789.44 +124.25 (1.29%)
S&P 500 1,062.88 +18.50 (1.77%)
Nasdaq 2,130.74 +39.82 (1.90%)
Continue reading Closing bell: M&A gives market a boost; Coffee also provides stimulus (C, BAC, ACS, DDRX & GMCR)
Posted Sep 22nd 2009 2:20PM by Tom Taulli (RSS feed)
Filed under: Dell (DELL)
Dell's (Nasdaq:
DELL) acquisition of
Perot Systems (NYSE:
PER) came at a nosebleed valuation of $3.9 billion. In fact, it will probably make it impossible for another suitor to come to the table. In other words, the transaction is an indication of how much Dell needs Perot, so as to compete better against rivals like
Hewlett Packard (NYSE:
HPQ).
Of course, it's also a stellar outcome for the Perot family. How much so? Well, Bloomberg.com
dug into the SEC filings to find out. Essentially, the deal boosted the family's wealth by roughly $400 million, with the total value of the equity holdings coming to $952 million.
Continue reading So how much did the Perot family make off the Dell deal?
Posted Sep 22nd 2009 11:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Dell (DELL), Hewlett-Packard (HPQ), Analyst initiations
Analyst upgrades:
- Credit Suisse upgraded Hewlett-Packard (NYSE: HPQ) to Outperform from Neutral and raised its target to $55 from $44 based on earnings momentum and a bottom in the Imaging and Printing segment. Note that Dell was downgraded to Neutral from Outperform.
- Jefferies upgraded Covance (NYSE: CVD) to Buy from Hold as it believes investor expectations are more reasonable following the company's conference presentation and that its Late Stage segment should continue to post strong results. The firm raised its target on shares to $65 from $5.
- Stephens upgraded Home Bancshares (NASDAQ: HOMB) to Overweight from Equal Weight to reflect improved capital levels and a better-than-expected near-term outlook. The firm raised its target on shares to $27 from $24.
- Citigroup upgraded Macy's (NYSE: M) to Buy from Hold after meeting with management as it believes the My Macy's localization is gaining traction. The firm raised its target on shares to $30 from $15.
- Gymboree (NASDAQ: GYMB) was upgraded to Outperform from Market Perform at FBR Capital.
- DISH Network (NASDAQ: DISH) was upgraded to Outperform from Market Perform at Wells Fargo.
- Baytex Energy (NYSE: BTE) was upgraded to Sector Outperformer from Sector Performer at CIBC.
Continue reading Analyst upgrades, downgrades and initiations: ADP, DELL, DISH, HPQ, M, PER, VMC ...
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