Infosys Technologies Limited (INFY), a tech concern based in India that provides solutions in the IT field, has been extremely popular over the last year. The price for the American Depositary Share (ADS) is near a 52-week high. Earlier in the week, the company released its Q3 report. The market did not seem disappointed.

The top line expanded by over 5% on a year-over-year basis. Earnings per diluted ADS weren't as impressive, rising only 1.7% to 59 cents. That percentage gain translates to a mere penny increase. Net profit on a dollar basis was flat.

Continue reading Infosys Reports Flat Income, but Shares Are Technically Strong

Infosys Reports Flat Income, but Shares Are Technically Strong originally appeared on BloggingStocks on Wed, 13 Jan 2010 18:00:00 EST. Please see our terms for use of feeds.

Normal tech support phone call: "Press 1 for help with e-mail. Press 2 to have your password reset."

Madoff tech support phone call: "Hello, how can I help you dummy up some trading records today?"

The investigation of Bernie Madoff's fraudulent financial empire is leading to more arrests. Jerome O'Hara and George Perez, both computer programmers employed by the Ponzi schemer, were arrested by the FBI on Friday morning. The charges include conspiracy for falsifying books and records. They are accused of doing the deed for the boss and accepting hush money -- in the form of 25% raises and net bonuses of $60,000 -- to keep the scam afloat.

Continue reading Two more arrests in Madoff saga

Two more arrests in Madoff saga originally appeared on BloggingStocks on Fri, 13 Nov 2009 18:20:00 EST. Please see our terms for use of feeds.

Windows 7, the latest operating system from Microsoft (NASDAQ: MSFT), is expected to help jumpstart some IT spending. Intel (NASDAQ: INTC) also sees this happening. A new operating system often means a chance to upgrade from dated equipment that isn't worth upgrading, especially with favorable pricing for technology right now. Everything's coming together for a strong 2010 for the high-tech sector, so it's also worth watching Hewlett Packard (NYSE: HPQ), Dell (NASDAQ: DELL) and EMC (NYSE: EMC).

Continue reading Stars aligned for increase in IT spending

Stars aligned for increase in IT spending originally appeared on BloggingStocks on Tue, 27 Oct 2009 15:20:00 EST. Please see our terms for use of feeds.

Infosys made 56 cents per American Depositary Share. The call was for 50 cents. Net sales were $1.15 billion, slightly higher than projections on Wall Street. That sounds okay, right? We even had an outlook that was better than expected, too. Everything appears to have fallen in place for Infosys.

Continue reading Infosys wins analyst game in Q2, but that's not enough for investors

Infosys wins analyst game in Q2, but that's not enough for investors originally appeared on BloggingStocks on Fri, 09 Oct 2009 15:40:00 EST. Please see our terms for use of feeds.

Continue reading Dell acquires Perot Systems

Dell acquires Perot Systems originally appeared on BloggingStocks on Mon, 21 Sep 2009 09:30:00 EST. Please see our terms for use of feeds.

There are some parts of the proposed economic stimulus bill that I think are really great. And those parts involve spending to spur technology. There is no doubt in my mind that economic progress depends on technological innovation. Some of the greatest technologies in our history have started from government programs -- including the Internet. And I hope that the current stimulus plan can get us some significant technological progress.

Here are the parts -- which merge alternative energy and information technology -- that I think have that potential:

• Using renewable energy sources, like wind turbines and solar panels, on a smart grid that could handle inconsistent electricity production;
• Creating more energy to lower the cost of running big computer servers;
• Employing variable pricing for peak hours since the smart grid could send signals in both directions, potentially expanding the Internet's reach;
• Extending other forms of broadband lines to rural and under-served areas; and
• Moving health records online which would open new markets for digital connections, data storage and consumer services

Continue reading What's great about Obama's stimulus bill

What's great about Obama's stimulus bill originally appeared on BloggingStocks on Tue, 10 Feb 2009 11:40:00 EST. Please see our terms for use of feeds.

A graph from the May 2008 issue of Harvard Business Review tells a story about the dumbing down of the global economy.

From an article, Rebuilding the R&D Engine in Big Pharma [subscription required] the graph shows the total shareholder returns for various industries in two time periods: from 1985 to 2000 and from 2001 to 2007. Here are three of the leading sectors from 1985 to 2000 (average annual shareholder returns are in parentheses):

• Pharmaceuticals (20.0%)
• Financials (18.8%)
• IT (17.4%)

Between 2001 and 2007, three of the leading sectors were:

• Energy (15.2%)
• Materials (14.3%)
• Financials (7.0%)

Continue reading The dumbing down of the global economy

The dumbing down of the global economy originally appeared on BloggingStocks on Mon, 02 Jun 2008 17:34:00 EST. Please see our terms for use of feeds.