Polycom shares fell Thursday as Cisco Systems ramped up competition in the video-conferencing market with its $3 billion acquisition of Norway's Tandberg ASA.
Cisco's play for Tandberg is a real sign of the times for cash rich tech companies. Here's a company trading at or near its 52-week high, and yet dips into its swollen coffers and pays for the $3 billion deal all in cash. And why not, with $35 billion in cash on the balance sheet, Cisco can certainly afford it.
Cisco has agreed to buy Norwegian videoconferencing company Tandberg for $3 billion in cash, its latest bet that video will drive demand for its data transmission gear. The acquisition fills the gap between Cisco's high-end video meeting service and its WebEx tool.
Stocks tumbled Thursday after a disappointing ISM report on manufacturing piled on to worries about the economic recovery.
Futures indicated a slightly lower open for Wall Street on Thursday, as caution over the state of U.S. recovery tempered anticipation that the global economy would gather momentum in the final three months of 2009.
Despite rough economic data the bulls could not be held down and reversed a 100 point drop in the Dow. But that might not be such a positive sign after all...
This is a treacherous market to trade in. Traders have been heavily shorting the market all morning, but the Dow has cut its losses in half, moving from down 128 to down only 50.
Stocks pushed higher Tuesday but investors were tentative after Monday's M&A-inspired rally.
Following are the day’s biggest winners and losers. Find out why shares of Cisco and Merck popped while IBM and Xerox dropped.
The Dow and S&P rallied on Monday, snapping a three-day losing streak, as a string of corporate takeovers fueled optimism that value remained in the market.
Stocks snapped a three-day losing streak Monday as investors cheered a wave of merger-and-acquisition activity.
Technology stocks were mostly higher on Monday with the Nasdaq outperforming the broader indexes. Rob Enderle, principal analyst at Enderle Group, and Brian Marshall, senior analyst at Broadpoint AmTech, shared their sector insights and stock picks.
How should you put money to work in the wake of this uptick in M&A?
The mobile Internet and a growing Chinese business make this stock a buy, buy, buy.
U.S. stocks broke two weeks of consecutive gains to finish in the red Friday. Despite of the pullback this week, all major indices remain on track to finish the quarter up 13% or greater.
The revelation that Marvel Entertainment CEO Mr. Isaac Perlmutter received option grants for more than a million shares while the merger of his company to Walt Disney was underway is a recent example of how CEOs of target firms have used this practice for personal gain, says guest blogger, Eliezer Fich.
Stocks ended lower Wednesday as the rally after the Federal Reserve's statement faded and investors began to worry that the central bank is inching closer to withdrawing stimulus measures that have propped up the economy. The Dow had briefly popped above 9,900.
People are racing to get into this market because they’re afraid to be the last bear standing, said Dan Genter, president, CEO and CIO of RNC Genter Capital Management. He shared his views on where investors should be putting their money to work.
Corporations who are seizing the opportunity to cut carbon emissions now, without government regulation, will profit more when regulation is enacted, according to a report released Monday by the Carbon Disclosure Project, an organization that measures companies’ carbon footprint.
U.S. stocks rose to fresh 2009 highs this week, as investors continue to bet that an economy recovery might be in place. The Dow Index is once again near the 10,000-mark.