Cisco Systems ( CSCO ) touted its first-ever Internet router in space in January after testing one on an orbiting commercial satellite. But back on earth, investors are getting ready to focus on the networking-gear maker’s second-quarter earnings. That report, due Wednesday at 1:30 p.m. pacific time, is expected to feature news of its first sales growth in a year and to attest to new confidence among Cisco’s biggest customers in business and government. Continue reading Cisco Expected to Report Improved Sales Cisco Expected to Report Improved Sales originally appeared on DailyFinance on Tue, 02 Feb 2010 19:45:00. Filed Under: Technology , Earnings , Cisco Systems Inc. Permalink | Tweet this! | Comments

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Cisco Expected to Report Improved Sales

Filed under: Company News , Technology , Earnings , Hewlett-Packard , Dell , IBM Hewlett Packard ( HPQ ), the Silicon Valley pioneer, reported a 14% jump in profit Monday night, thanks to cost-cutting measures that more than offset an 8% reduction in revenue. The results weren’t a surprise: HP provided guidance earlier this month, when it announced plans to acquire 3Com, the networking giant. “We believe that HP will outperform the market,” HP CEO Mark Hurd said in an upbeat appearance on CNBC. “Spending will continue to be prudent in 2010, but it will be better than 2009.” Despite the profit growth, investors weren’t that impressed. HP shares were trading down over half a percent late Monday in after-hours trading. Continue reading Hewlett-Packard posts a 14% earnings rise, but investors aren’t impressed Hewlett-Packard posts a 14% earnings rise, but investors aren’t impressed originally appeared on DailyFinance on Mon, 23 Nov 2009 18:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Hewlett-Packard posts a 14% earnings rise, but investors aren’t impressed

Filed under: Company News , Hewlett-Packard Somebody get the SEC on the phone, stat! Oh wait, they were closed Wednesday for Veterans Day. Suspicious activity in the options market for 3Com ( COMS ) raised concerns late Wednesday that news of computer and printer maker Hewlett-Packard’s ( HPQ ) $2.7 billion purchase of the networking company was leaked before the deal was officially announced, according to multiple reports. If this were the case, the activity could be a possible violation of securities law against insider trading. There was an abnormally massive spike in activity for November and December call options, which would give the holder the right to buy 3Com shares at $5. The stock was up 35% in after-hours trading to $7.65, meaning that someone who exercised the option could have realized a 35% paper gain in a matter of hours. Continue reading Suspicious trading before HP’s $2.7 billion 3Com bid; SEC closed for holiday Suspicious trading before HP’s $2.7 billion 3Com bid; SEC closed for holiday originally appeared on DailyFinance on Wed, 11 Nov 2009 19:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Suspicious trading before HP’s $2.7 billion 3Com bid; SEC closed for holiday

Filed under: Company News , Technology , Investing , Hewlett-Packard , IBM , Cisco Systems Inc. Computer giant Hewlett-Packard ( HPQ ) announced a $2.7 billion deal to buy 3Com ( COMS ), the huge networking company, late Wednesday. It’s HP’s fourth-largest acquisition ever and instantly makes the Silicon Valley pioneer the second-largest networking company in the world after Cisco Systems ( CSCO ). The deal, which represents a 44% premium on 3Com stock, sent 3Com shares soaring some 35% to $7.65, 25 cents short of HP’s offer, in after-hours trading. HP’s move is a bold attack on Cisco, the networking Goliath. “Companies are looking for ways to break free from the business limitations imposed by a networking paradigm that has been dominated by a single vendor,” Dave Donatelli, HP’s executive vice president and general manager for enterprise servers and networking, said in a statement. Continue reading Hewlett-Packard buys 3Com for $2.7 billion in a major challenge to Cisco Hewlett-Packard buys 3Com for $2.7 billion in a major challenge to Cisco originally appeared on DailyFinance on Wed, 11 Nov 2009 17:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Hewlett-Packard buys 3Com for $2.7 billion in a major challenge to Cisco