5 Top Stories Affecting Dow Tech Stocks This Week
Here’s your Cheat Sheet to the week in Dow 30 tech stock news:
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Microsoft Corporation (NASDAQ:MSFT): Current price $27.25
Windows 8’s intro made no significant impact upon PC shipments during the fourth quarter, even as analysts reported that some PC vendors offered lackluster form factors in their Windows 8 offerings and also missed the excitement of touch.
Microsoft’s Surface with Windows 8 Pro will be available in the coming weeks, says Electronista, pointing to a tweet from the general manager of the firm’s Surface hardware, Panos Panay.
Microsoft is not pleased with the results of a recent test that found fault with its antivirus software. For a second consecutive time, its Security Essentials was unable to win certification from AV-Test, a German-based testing lab that evaluates the efficacy of antivirus products. However, out of 25 programs tested, only three failed to gain AV-Test’s certification.
Microsoft is said to be in discussions with Asus regarding a potential licensing deal to offer Windows 8 mobile phones, according to The Wall Street Journal, which noted that Asus partnered with Google (NASDAQ:GOOG) on its Nexus 7 tablet but is still widely perceived as a PC maker.
Cisco Systems (NASDAQ:CSCO): Current price $21.01
Itron (NASDAQ:ITRI) said that National Grid (NYSE:NGG) has chosen Itron’s Smart Grid solution which utilizes Cisco’s multi-application communications network for its 10,000 meter Smart Grid Pilot Program in Worcester, Massachusetts. This project adds to the successful 5,000 meter early field trial which began in February 2012 in Worcester. National Grid will begin deploying the full pilot early this year.
Intel Corporation (NASDAQ:INTC) has recruited Cisco Systems as a customer for its made-to-order networking chips, making the latter as its biggest customer for its fledgling foundry business, say sources to Bloomberg, who added that Intel will make processors designed by Cisco.
Hewlett-Packard Company (NYSE:HPQ): Current price $17.11
Hewlett-Packard appears to be changing its Autonomy business unit, with layoffs for starters. All Things D received an internal memo from an HP spokesperson saying that the firm announced Monday it is letting go some of its workforce. No figures were supplied, but All Things D estimates 70 people. At the same time, at least 50 engineers were recruited for its research and development team.
HP and Lenovo (LNVGY) expect to experience a drop in their shipments by around 20 percent in the first quarter, says DigiTimes. Sources at the notebook supply chain explain that the decrease is because of a high base for the fourth quarter 2012 and also the impact of a traditionally slow season from January through March.
On Wednesday, embattled Hewlett-Packard unveiled a spiffy new entrance to its headquarters that Chief Executive Meg Whitman hopes will serve as “a symbol of the rebirth” of the technology giant.
International Business Machines Corporation (NYSE:IBM): Current price $194.47
While expanding its data center portfolio and expertise, Ingram Micro (NYSE:IM) said it has earned the authorization to market, sell and provide support to IBM Power Systems and enterprise-class storage product families to certified IBM Business Partners within the United States.
Dell (NASDAQ:DELL): Current price $12.84
Dell is mulling a possible leveraged buyout by Silver Lake Partners and several of its customers are considering how such a deal could affect their information tech investments, says the Wall Street Journal. Some CIOs worry that distractions from a deal could upset the firm’s tech roadmap, but they also said that they could easily transfer to another vendor of computers, servers and storage such as Hewlett-Packard if need be.
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