The stock market could pull back as much as 5 percent if the Fed starts to taper in December, JPMorgan's Thomas Lee told CNBC. But he said to buy any dips.» Read More
Nov 22- Shares of Violin Memory Inc were set to open 50 percent lower on Friday after the flash storage provider's third-quarter results came in below analysts' estimates, prompting at least four brokerages to downgrade the stock.
U.S. technology companies may face new challenges selling their goods and services in China as fallout from the U.S. spying scandal takes a toll.
SINGAPORE, Nov 14- U.S. technology companies including Cisco Systems Inc, International Business Machines Corp and Microsoft Corp may face new challenges selling their goods and services in China as fallout from the U.S. spying scandal starts to take a toll.
SINGAPORE, Nov 14- U.S. technology companies including Cisco Systems Inc and IBM Corp are facing unprecedented difficulties selling their goods and services in China, as fallout from the U.S. spying scandal starts to take a toll.
NEW YORK, Nov 13- Cisco Systems Inc warned its revenue would dive as much as 10 percent this quarter, and keep contracting until after the middle of 2014, as a backlash against U.S. government spying contributed to plummeting demand in emerging markets like China.
Nov 13- Data storage equipment maker NetApp Inc forecast current-quarter revenue below analysts' expectations, flagging concern around the U.S government's spending cuts. NetApp shares fell almost 3 percent after the bell. NetApp said it expects revenue to be between $1.58 billion and $1.68 billion, below the $1.69 billion analysts were expecting.
NEW YORK, Nov 6- Network equipment maker Cisco Systems Inc, looking to protect its core business from new competition, has bought out the remainder of its majority-owned data center technology start-up, Insieme, in a deal that could cost up to $863 million.
WASHINGTON, Oct 29- Technology companies on Tuesday urged fast action on a patent reform bill in testimony before the House Judiciary Committee, including tackling what they termed the rising tide of costly lawsuits by "patent trolls."
Bob Goodlatte, a Virginia Republican who chairs the House Judiciary Committee, aims to increase transparency and accountability in the patent litigation system.
Oct 22- EMC Corp, the world's largest data storage equipment maker, cut its full-year forecast because of the two-week U.S. government shutdown, sending its shares down 4 percent. EMC, which reported lower-than-expected quarterly results, said the shutdown caused it to miss its revenue estimate by about $120 million, which it did not expect to recover.
Oct 22- EMC Corp, the world's largest data storage equipment maker, reported lower-than-expected quarterly results and cut its full-year revenue forecast, hurt by a fall in U.S. federal spending.
Oct 21- Cloud software maker VMware Inc reported a higher-than-expected quarterly profit as it sold more licenses to enterprise customers and indicated that strong licensing revenue growth would continue into next year. License revenue rose 15 percent in the quarter ended Sept. 30, VMware said on Monday.
Oct 21- Cloud software maker VMware Inc reported a higher-than-expected quarterly profit as licensing revenue rose 15 percent, sending its shares higher in extended trading.
Oct 21- Cloud software maker VMware Inc reported a higher-than-expected quarterly profit as licensing revenue rose 15 percent. VMware, controlled by data storage equipment maker EMC Corp, said net income rose to $261 million, or 60 cents per share, for the third quarter, from $157 million, or 36 cents per share, a year earlier.
"The stocks have come down way too far," Paul Meeks says.
Veeva offers customer relationship management and content management software to the life sciences industry, competing with companies such as Oracle Corp, Cegedim SA of France and EMC Corp.. The company's software is used by 33 of the 50 largest drug makers, including Novartis AG, Merck& Co, Eli Lilly and Co and Bayer Healthcare AG, it said in its IPO filing.
NEW YORK, Oct 14- Emulex Corp has held talks with a few private equity firms, including Francisco Partners LP, Thoma Bravo LLC and Thomas H. Lee Partners LP about selling itself, but a deal remains uncertain for the struggling chip maker, according to several people familiar with the matter.
Check out which companies are making headlines after the bell Wednesday:
SAN FRANCISCO, Oct 8- When Hewlett-Packard Co was removed from the Dow Jones Industrial Average a month ago, Chief Executive Officer Meg Whitman sent an impassioned email to the company's 300,000- plus employees. Two years into what she has always described as a five-year effort, HP's sales and profits are still sliding and Wall Street is losing patience.
Sept 27- Shares of flash storage provider Violin Memory, backed by Toshiba Corp, fell nearly 21 percent in their market debut, as investors remain skeptical about an intensely competitive data storage market.