International Business News - EMC http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif A Keefe, Bruyette & Woods analyst downgraded and set lower profit estimates on EMC Insurance Group Inc. on Monday, saying the stock is expensive for its projected profits. http://www.ibtimes.com/articles/20081006/kbw-analyst-cuts-emc-insurance-estimates.htm Mon, 06 Oct 2008 12:39:02 EDT The economic slowdown has started to squeeze the technology sector. So far this has not led to wide-scale job cuts, but a slowing demand for computers and other electronics may already be weighing on some payrolls. http://www.ibtimes.com/articles/20081003/labor-report-indicates-squeeze-on-tech-sector.htm Fri, 03 Oct 2008 17:24:20 EDT The credit markets saw only scant signs of improvement Friday, with lawmakers still debating the bailout plan that would take $700 billion of risky assets off troubled banks' books. http://www.ibtimes.com/articles/20080926/t-bill-rush-barely-eases-as-bailout-talks-wear-on.htm Fri, 26 Sep 2008 18:32:08 EDT Business spending on information technology is starting to look shaky, an RBC Capital Markets Corp. analyst wrote Thursday as he slashed estimates for next year's earnings at more than a dozen IT vendors. http://www.ibtimes.com/articles/20080925/ahead-of-the-bell-rbc-mows-down-it-ratings.htm Thu, 25 Sep 2008 09:11:14 EDT Oracle Corp. is selling computer hardware for the first time in its 31-year history, signaling an ambition to become more than a one-stop shop for business software. http://www.ibtimes.com/data/articleimgs/137978-oracle-ellison.jpg http://www.ibtimes.com/articles/20080924/oracle-to-sell-computer-hardware-for-first-time.htm http://www.ibtimes.com/articles/20080924/oracle-to-sell-computer-hardware-for-first-time.htm Wed, 24 Sep 2008 20:51:57 EDT Lockheed Martin Corp. said Monday it won a $33 million contract to consolidate information-technology systems for the Securities and Exchange Commission. http://www.ibtimes.com/articles/20080922/lockheed-martin-wins-sec-contract-up-to-122m.htm Mon, 22 Sep 2008 16:35:41 EDT Finisar Corp., which makes equipment including transmitters and receivers used in high-speed data networks, reported fiscal first-quarter profit and sales that exceeded Wall Street's expectations Monday, sending its shares higher in after-hours trading. http://www.ibtimes.com/articles/20080908/finisar-swings-to-1q-profit-tops-estimates.htm Mon, 08 Sep 2008 21:11:43 EDT Business software maker VMware Inc. said Monday it has named David Sung, an ex-IBM executive, as president of its greater China region. Sung is responsible for strategic planning, business operations and management of key functions, including sales and marketing, for the Greater China region, which covers mainland China, Hong Kong, Macau and Taiwan. http://www.ibtimes.com/articles/20080825/vmware-names-david-sung-to-china-post.htm Mon, 25 Aug 2008 11:52:42 EDT VMware Inc.'s shares slid more than 4 percent Wednesday as some investors locked in profits from a sharp rise in the stock earlier this month. The business software maker's shares closed down $1.79, or 4.5 percent, to $38.02. That contrasted with a rise of 0.2 percent in the technology-laden Nasdaq composite index. http://www.ibtimes.com/articles/20080820/vmware-shares-sink-as-investors-lock-in-profits.htm Wed, 20 Aug 2008 16:10:35 EDT Compellent Technologies Inc.'s stock surged nearly 19 percent Wednesday after the data storage provider projected the first quarterly profit in its history while raising its financial guidance above analyst estimates. http://www.ibtimes.com/articles/20080806/compellent-shares-soar-on-outlook.htm Wed, 06 Aug 2008 15:22:45 EDT Cisco Systems Inc. on Tuesday reports financial results for its fiscal fourth quarter, which ended July 25. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20080804/earnings-preview-cisco-to-report-4th-qtr-results.htm Mon, 04 Aug 2008 13:09:25 EDT Among the earnings stories for Wednesday, July 23, from AP Financial News: MELVILLE, N.Y. (AP)--Shares of Arrow Electronics Inc. jumped Wednesday after the electronics and computer products distributor posted better-than-expected profit and sales for its second quarter despite the economic downturn. http://www.ibtimes.com/articles/20080723/earnings-roundup-arrow-electronics-emc.htm Wed, 23 Jul 2008 16:18:58 EDT VMware Inc.'s shares tumbled to a low Wednesday as investors punished the business software maker following a disappointing sales forecast, and a Citi analyst downgraded the company. http://www.ibtimes.com/articles/20080723/vmware-shares-skid-to-new-low-on-3q-sales-forecast.htm Wed, 23 Jul 2008 19:52:12 EDT EMC Corp. said Wednesday its second-quarter profit climbed 13 percent, topping Wall Street's forecasts, as the data storage specialist rang up record sales despite fears that economic uncertainty is tamping down information technology spending. http://www.ibtimes.com/articles/20080723/emc-2q-profit-jumps-13-pct-tops-wall-street-view.htm Wed, 23 Jul 2008 19:10:40 EDT Business software maker VMware Inc. said Tuesday its second-quarter profit and revenue grew, helped by growing international sales, but the company's revenue forecast for the current quarter fell shy of expectations. http://www.ibtimes.com/articles/20080722/vmware-2q-profit-jumps-53-percent.htm Tue, 22 Jul 2008 16:44:44 EDT Major business events and economic events scheduled for xxx: WASHINGTON--Federal Reserve Report on regional economic conditions (Beige Book), 2 p.m. http://www.ibtimes.com/articles/20080722/calendar-of-major-business-events-for-wednesday.htm Tue, 22 Jul 2008 13:10:27 EDT Among the premarket stories for Wednesday, July 9, from AP Financial News: NEW YORK (AP)--An RBC Capital Markets analyst cut his price target on Cisco Systems Inc. in a client note Wednesday, saying the network equipment maker expects a recovery in technology spending later than first thought. http://www.ibtimes.com/articles/20080709/premarket-roundup-cisco-verisign.htm Wed, 09 Jul 2008 09:39:33 EDT Analysts lowered their expectations for EMC Corp. and its subsidiary VMWare Inc. Wednesday, after VMWare replaced its Chief Executive. The move sent both stocks tumbling in Tuesday's session. http://www.ibtimes.com/articles/20080709/ahead-of-the-bell-emc-and-vmware.htm Wed, 09 Jul 2008 09:20:57 EDT The Standard & Poor's 500 Index rose Tuesday, lifted by lower oil prices and a rise in shares of insurer MGIC Investment Corp. The S&P 500 gained 21.39 points to 1,273.70 after Federal Reserve Chairman Ben Bernanke said the central bank might extend its lending efforts to investment banks. http://www.ibtimes.com/articles/20080708/s-p-500-leaders-laggards-mtg-odp-mbi-emc-wm-x.htm Tue, 08 Jul 2008 17:03:16 EDT The Standard & Poor's 500 Index drifted slightly lower at midday Tuesday, with shares of Office Depot Inc. taking the biggest hit after the office supplies retailer forecast a 10 percent drop in same-store sales. http://www.ibtimes.com/articles/20080708/midday-leaders-laggards-s-p-500.htm Tue, 08 Jul 2008 12:19:19 EDT