Investors have high hopes for Hewlett-Packard 3Q results as PC business limps back to healthAugust 18th, 2009 Ahead of the Bell: Hewlett-Packard 3Q earningsSAN FRANCISCO — With the personal computer business limping back to health, Hewlett-Packard Co. is a likely beneficiary.
IT services exporters banking on emerging US firmsDecember 22nd, 2008 KOLKATA - Emerging IT companies in the US could drive India's software services exports, with the second quarter of the next fiscal (2009-2010) proving to be the critical phase, a senior industry representative said here Tuesday. 'Bailout packages being announced by the government of the US would help the IT (information technology) industry of India at a rate faster than earlier imagined,' Sanjiv Narayan, chairman of Electronics and Computer Software Export Promotion Council, told reporters.
HP offers 2010 profit, sales forecast in line with estimates; sees better PC businessSeptember 24th, 2009 HP offers 2010 outlook in line with estimatesSAN JOSE, Calif. — Hewlett-Packard Co.
Hewlett-Packard upgraded at Credit Suisse as printer business bottoms, PC sales look upSeptember 22nd, 2009 Hewlett-Packard upgraded by Credit SuisseNEW YORK — Credit Suisse upgraded Hewlett-Packard Co. on Tuesday, calling a bottom to its printer business and pointing out improving demand for computer hardware.
HP elects software pioneer Marc Andreessen to boardSeptember 17th, 2009 HP elects Marc Andreessen to boardPALO ALTO, Calif. — Hewlett-Packard Co.
Hewlett-Packard re-brands EDS as HP Enterprise Services a year after $13.2 billion acquisitionSeptember 23rd, 2009 HP re-brands EDS as HP Enterprise ServicesPALO ALTO, Calif. — Hewlett-Packard Co.
Goldman Sachs raises 2010 IT spending view, predicts double-digit online ad growth next yearSeptember 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.
Nuance Communications acquires eCopy for $54 million in common stockOctober 5th, 2009 Nuance buys eCopy for $54M in stockBURLINGTON, Mass. — Speech and imaging software maker Nuance Communications Inc.
PC shipments fell 3 percent in 2nd quarter; Dell snatches back top spot in US from HPJuly 15th, 2009 PC shipments down 3 pct., less than expected in 2QSEATTLE — Worldwide personal computer shipments declined at a gentler pace than expected in the second quarter as consumers snapped up inexpensive laptops, two technology research groups said Wednesday. Still, the figures point to 2009 being the industry's first full year in decline since 2001.
Gartner Inc. predicts PC shipments will grow in the 4th quarter after a year of declinesJune 26th, 2009 Gartner predicts PC shipment growth in 4QSTAMFORD, Conn. — Gartner Inc.
US research firm foresees decline in global IT spendingJanuary 13th, 2009 SAN FRANCISCO - Global purchases of information technology goods and services may decline by three percent in 2009, ending seven years of growth, US research firm Forrester said in its latest report on global IT market outlook
It said global IT purchases by businesses and governments will fall to $1.66 trillion. The decline is a distinct shift from 2008, when global IT purchases increased by eight percent.
India's IT, outsourcing revenues seen at $63 bn this fiscalJuly 29th, 2009 NEW DELHI - India's information technology and outsourcing industry is expected to grow over 7 percent this fiscal to log revenues of $64 billion with much faster expansion within the domestic market, a leading industry group said Wednesday. The National Association of Software and Service Companies (Nasscom) has forecast in its latest study that the software and outsourcing industry will log an export growth of 4-7 percent this fiscal to log $48-50 billion in revenues.
Karnataka logs $17-bn software exports despite meltdownSeptember 1st, 2009 BANGALORE - Defying the global meltdown, Karnataka earned $17 billion (Rs.74,929 crore) from software exports last fiscal (2008-09) as against Rs.60,800 crore the previous year, registering a 23 percent growth in rupee terms and 21.5 percent in dollar terms. "The export performance of the IT industry in the state, especially Bangalore, demonstrates the knowledge sector remains unaffected by the global meltdown and decline in IT spending overseas," state Information Minister Katta Subbramanya Naidu told reporters here.
IBM's 2nd-quarter sales expected to dip, but profit seen higher in Thursday's reportJuly 16th, 2009 Ahead of the Bell: IBM to post 2Q resultsSAN FRANCISCO — IBM Corp. will report second-quarter results Thursday amid an unsettled technology market that's been sending mixed signals.
Analyst upgrades Gartner on stabilization of corporate IT spending; shares flat in down marketAugust 17th, 2009 Analyst upgrades Gartner; shares flatNEW YORK — An analyst upgraded his rating on research and consulting company Gartner Inc., saying that corporate information technology spending appeared to be stabilizing with a rebound expected in 2010. JPMorgan Securities analyst David Lewis raised his rating on the stock to "overweight" from "neutral" and increased a price target for December 2010 to $23, up from $17.
The Chief Executive Mark Hurd of Hewlett Packard Co told an audience at the company's yearly analyst meeting on Thursday that IT industry is going to witness growth during the year 2010. The IT spend is expected to bounce back during the next fiscal year. The company further stated that many technology companies are looking forward for a new cycle of corporate hardware that is expected to begin next year, as large companies are going to replace old machines with the latest equipment.
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