Analyst upgrades Gartner on stabilization of corporate IT spending; shares flat in down market

June 25th, 2009 Analog Devices shares climb after upgradeNEW YORK — Shares of Analog Devices Inc. climbed Thursday after a Raymond James analyst upgraded the chip maker, saying it is "getting into fighting shape" by cutting expenses, which could boost its margins.

July 22nd, 2009 On The Call: Yahoo CEO Carol BartzYahoo sometimes confuses analysts by lowering its expenses only to wipe out some of the savings by increasing spending later. It looks like that is about to happen again.

August 13th, 2009 NEW DELHI - The growth of the information technology (IT) security market in Asia Pacific dipped to 28.3 percent in 2008 from 36 percent a year before, a leading global IT industry researcher said in a report released Thursday. "This growth is remarkable considering in the fourth quarter of 2008, global economies began to feel the impact of the credit crunch and the global economic downturn, said IT sector tracker Gartner.

September 16th, 2009 Analyst upgrades VanceInfo, raises estimatesNEW YORK — Shares of offshore software developer VanceInfo Technologies Inc. surged 10 percent Wednesday after an analyst upgraded the company's shares and raised his estimates citing strong demand from telecommunications companies.

September 22nd, 2009 Intel CEO: PC sales could rise in 2009SAN FRANCISCO — The worldwide personal-computer market is pulling out of its slump quickly and could defy predictions by growing this year, Intel Corp. CEO Paul Otellini said Tuesday.

April 20th, 2009 NEW DELHI - India's business process outsourcing (BPO) industry will double its revenues in less than two years despite the economic slowdown and protectionist measures of western countries, a report by analyst firm Gartner said Monday. The top 20 India-centric BPO service providers accounted for $4 billion in revenue in 2008, representing 5 percent of the $80-billion revenue of the top 150 BPO companies in the world.

June 25th, 2009 Digital River shares jump on upgradeNEW YORK — Shares of e-commerce software service provider Digital River Inc. rose nearly 5 percent in afternoon trading after a JMP Securities analyst upgraded the stock to "Market Outperform" from "Market Perform," citing strong business fundamentals and strength in the company's digital download service business.

September 21st, 2009 Goldman Sachs raises 2010 outlook for IT spendingSAN FRANCISCO — Goldman Sachs increased its 2010 outlook for global information technology spending on Monday and also predicted online advertising will return to double-digit growth next year. In a note to clients, the investment bank raised its IT spending forecast to 4 percent growth from 2 percent, citing improvements in macro indicators like gross domestic product and corporate profits.

June 18th, 2009 NEW DELHI - India will continue its robust telecom story with the sector's revenue to be more than $30 billion by 2013, according to a global information technology research and advisory firm. "Total mobile services revenue in India is projected to grow at a compound annual growth rate (CAGR) of 12.5 percent during 2009-2013 to exceed $30 billion, the US-based Gartner Inc said in a statement Thursday.

August 3rd, 2009 Openwave down 10 percent on analyst downgradeNEW YORK — Shares of mobile technology software maker Openwave Systems Inc. fell more than 10 percent Monday after an analyst downgraded the shares on disappointing earnings results and an unclear turnaround plan.

August 24th, 2009 Analyst sees offshore IT sector slump bottomingA Wells Fargo analyst upgraded the offshore information technology and business process outsourcing sector on signs that its business slump may be bottoming. Jennifer Fritzsche raised her rating on the sector to "Market Weight" from "Underweight." While cautioning that a business upturn is not yet apparent, she said there are signs the market is stabilizing especially in financial services as well as the North American market.

September 30th, 2009 NEW DELHI - More business process outsourcing (BPO) service providers in India will exit the market in coming years, as it is difficult for them to stay afloat in the current form due to the slowdown, according to a study released here Wednesday. "One-quarter of the top business process outsourcing (BPO) service providers will not exist as separate entities by 2012," said the study by IT research and advisory firm Gartner.

June 22nd, 2009 NEW DELHI - While most business sectors were affected by the slowdown last year, the anti-virus and computer security industry grew 18.6 percent totalling $13.5 billion in revenues, IT market researcher and consultancy Gartner said Monday. According to a report by Gartner, there is an increasing demand for appliance-based products, particularly within certain segments such as e-mail security and secure web gateway markets.

June 26th, 2009 Gartner predicts PC shipment growth in 4QSTAMFORD, Conn. — Gartner Inc.

July 23rd, 2009 CA 2Q profit nearly flat, but outlook lifts sharesISLANDIA, N.Y. — Business management software company CA Inc.