Dell prepares to sweeten bid for 3Par August 24, 2010 COMPUTER giant Dell is preparing to sweeten its offer for 3Par after arch rival Hewlett-Packard trumped an earlier bid. Last week, Dell offered to pay $1.15bn (£744m) for 3Par, which specialises in so-called “cloud computing” that lets users store documents and files online instead of on a hard disk or server. But HP was quick [...]
Dell, HP and Lenovo post mixed results August 19, 2010 TECHNOLOGY companies delivered mixed results on Wall Street yesterday, as computing heavyweights Hewlett-Packard, Dell and Lenovo posted large profits but missed some forecasts. Hewlett-Packard’s quarterly profit climbed 6.1 per cent on higher global sales and growth in the company’s core consumer market. The world’s biggest PC producer announced $1.77bn (£1.14bn) in pre-tax gains, up from [...]
IBM profits rise due to cost-cutting January 19, 2010 COMPUTER giant IBM yesterday raised its profit target for 2010 after posting solid results for its 2009 fourth quarter. Cost-cutting helped the company increase its earnings by nine per cent in the final three months and it made a net profit of $4.8bn (£2.9bn) between October and December, up from $4.4bn a year earlier. Revenues [...]
Strong IBM result boosts tech shares January 19, 2010 US stocks rose broadly yesterday, lifting the Dow and the S&P 500 to fresh 15-month closing highs as investors bet a potential Republican victory in Massachusetts’ Senate race could stall Obama’s reform agenda. Wall Street also got a boost from technology shares, which rallied in anticipation of strong earnings from bellwether International Business Machines, which [...]
The world’s best negotiator explains how to get more out of your work October 6, 2010 ON the day that Stuart Diamond arrived in London, a Tube strike had paralysed the city, and the next day when I met him he was still shaking his head in wonder at the whole thing. “The mayor should never have let it get to this stage, so that Londoners are suffering because of two [...]
The world’s best negotiator explains how to get more out of your work October 6, 2010 ON the day that Stuart Diamond arrived in London, a Tube strike had paralysed the city, and the next day when I met him he was still shaking his head in wonder at the whole thing. “The mayor should never have let it get to this stage, so that Londoners are suffering because of two [...]
US shares buoyed by Goldman stock rise July 20, 2010 US stocks rose for a second consecutive day yesterday, led by gains in shares of Goldman Sachs and strength in beaten-down homebuilders and raw materials companies. Goldman Sachs Group rose 2.2 per cent as buyers materialised after an early selloff on news the investment bank’s quarterly earnings tumbled 82 per cent, steeper than forecast. “Most [...]
US shares buoyed by Goldman stock rise July 20, 2010 US stocks rose for a second consecutive day yesterday, led by gains in shares of Goldman Sachs and strength in beaten-down homebuilders and raw materials companies. Goldman Sachs Group rose 2.2 per cent as buyers materialised after an early selloff on news the investment bank’s quarterly earnings tumbled 82 per cent, steeper than forecast. “Most [...]
AT&T enjoys halo-effect from iPhone as it posts better than expected profits July 22, 2010 AT&T yesterday posted better-than-expected profits and said it was more optimistic on growth prospects for the year. The exclusive US provider for Apple’s iPhone forecast strong earnings per share growth for the full year 2010 after previously promising “stable-to-improved” results. AT&T’s profit rose to $4bn (£2.6bn), from $3.2bn in the same quarter a year earlier. [...]
CITY MOVES | WHO’S SWITCHING JOBS July 27, 2010 ERNST & YOUNG The accountancy firm has appointed Jonathan Summers to its information technology advisory team as a director focusing on strategic rationalisation, the process of removing technology complexity to improve business performance. Summer has over 14 years of experience with IBM, where his roles included establishing a global delivery capability for data migration in [...]