Lately, it's been hard to keep track of the dealmaking at Cisco (NASDAQ: CSCO). But with a huge pile of cash and a need to find growth, the company is going back to its M&A roots -- in a big way.

The latest deal came Tuesday; that is, Cisco agreed to pay $2.9 billion for Starent Networks (NASDAQ: STAR), which develops infrastructure solutions to deliver multimedia on mobile devices. Keep in mind that a couple weeks ago Cisco purchased for $3 billion another multimedia operator, Tandberg (videoconferencing). And back in March, there was the $590 million deal for Pure Digital (which develops flip video cameras).

Continue reading Cisco goes mobile in a $2.9 billion deal

Cisco goes mobile in a $2.9 billion deal originally appeared on BloggingStocks on Tue, 13 Oct 2009 12:50:00 EST. Please see our terms for use of feeds.

"We believe that the recent relative strength of tech stocks is the start of a longer term trend, not merely a flash in the pan," says Jim Oberweis and Dave Covas.

In The Oberweis Report, the money managers and small cap advisors explain, "Our confidence stems from the emergence of the next Killer Apps, which drive technology cycles because they change how we live our lives." Here, they make a case for technology and offer a trio of small cap favorites.

"During the 1980's and early 1990's, the personal computer was the Killer App. During the late 1990's, it was the Internet. During this decade - zilch. Until now. The next Killer Apps - video-on-demand and ubiquitous high-speed wireless connectivity - are coming.

Continue reading Wireless tech trio: 'Killer apps are coming'

Wireless tech trio: 'Killer apps are coming' originally appeared on BloggingStocks on Fri, 17 Jul 2009 15:00:00 EST. Please see our terms for use of feeds.

This could be the beginning of a long awaited rebound.

Continue reading Guru Strategy: Tech stocks set for a rebound

Guru Strategy: Tech stocks set for a rebound originally appeared on BloggingStocks on Thu, 02 Jul 2009 17:30:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY: Full House Resorts, Starent Networks and Capital Trust were today's noteworthy initiations:

• Morgan Joseph said Full House Resorts Inc.'s (AMEX: FLL) valuation does not reflect the present value of its tribal management contract with the FireKeepers Casino. Shares were initiated with a Buy rating and $3.50 target.
• Starent Networks Corporation (NASDAQ: STAR) was assumed with an Overweight rating at Thomas Weisel. The firm said STAR offers a compelling risk/reward profile given strong gross margins and expanding operating margins.
• Keefe Bruyette initiated Capital Trust Inc. (NYSE: CT) with a Market Perform rating and $30 target, and believes the expected deterioration of commercial real estate fundamentals is likely to remain a headwind for valuations of the shares.

OTHER INITIATIONS:

• Thomson Reuters Plc. (NASDAQ: TRIN) was started at UBS with a Neutral rating.
• Piper initiated Heritage-Crystal Clean Inc. (NASDAQ: HCCI) with a Buy rating and $20 target.
• Goldman Sachs initiated The Sherwin-Williams Company (NYSE: SHW) with a Neutral rating.

Analyst initiations: Full House Resorts, Starent Networks, Capital Trust originally appeared on BloggingStocks on Mon, 21 Apr 2008 11:00:00 EST. Please see our terms for use of feeds.