8 Top Stories Affecting Dow 30 Tech Stocks: Weekly Recap
Here’s your Cheat Sheet to the week in Dow 30 tech stock news:
Cisco Systems (NASDAQ:CSCO)
Cisco is going for another acquisition, Cognitive Security, which is a Czech security software firm. The buyer intends to unite Cognitive’s tech with its own worldwide, cloud-based threat intelligence system.
Microsoft Corporation (NASDAQ:MSFT)
According to Bill Gates, India is becoming less dependent on aid and eventually will not need it, says the Economic Times. In his annual letter, Gates commented that, “The good news on resources is that many developing countries have growing economies that allow them to devote more resources to helping their poorest people. India, for example, is less dependent on aid and will eventually not need it.” Gates is co-chair of the Bill & Melinda Gates Foundation and is actively involved in a number of developmental activities in many countries, such as India.
BlackBerry (formerly Research In Motion) says that domestic carriers such as AT&T are set to announce BB10 device availability on Wednesday…
Verizon Communications (NYSE:VZ)
The Founders League, which is a new platform through which to strengthen Rhode Island’s entrepreneurial ecosystem, says that Verizon has become a top sponsor of the effort for this year. Verizon’s sponsorship of $10,000 will be pivotal in the platform’s initial year of operations.
Hewlett-Packard Company (NYSE:HPQ)
Skycom Tech Co., which tried to sell embargoed Hewlett-Packard computer equipment to Iran, has much closer involvement to Huawei Technologies than was known prior to this time, corporate records indicate, says Reuters. Huawei Chief Financial Officer Cathy Meng, who is the daughter of company founder Ren Zhengfei, was on the board of Skycom between February 2008 and April 2009, according to Skycom records filed with the Companies Registry in Hong Kong.
HP will restructure its Enterprise Services division in Germany as part of its global multiyear restructuring plan that was announced in May 2012 and further detailed at its Securities Analyst Meeting in October…
International Business Machines Corporation (NYSE:IBM)
IBM will spend almost $15 billion on deals through 2015, which could make NetApp (NASDAQ:NTAP) and Splunk takeover candidates, according to Bloomberg. The corporation is searching for acquisitions after its sales increased by 0.8% in four years, marking the worst rate since the period that ended in 2002, say Bloomberg data.
Intel Corporation (NASDAQ:INTC)
Intel now insists that all Haswell-platform ultrabooks be supplied with touch panels, says Digitimes, which cited the Taiwan-based supply chain makers who said that the strategy could help step up the penetration of touchscreen notebooks.