The Dow has slipped 0.61 percent Thursday and currently stands at 13,187.
Cisco Systems, Inc. (NASDAQ:CSCO) expects to purchase privately held Truviso, Inc., which is based in Foster City, CA. The firm supplies scalable, real-time network data analysis and reporting software. Once integrated with Cisco the combined entity will offer its customers instant access and visibility into network use, and services to help increase operational efficiencies, which should drive new revenue streams. In addition, Cisco Prime, which is Cisco’s network management platform, should be further reinforced by the addition of Truviso’s software analytics, which possesses the core technology to gather and analyze streaming data. The arrangement, of which specifics are unreported, is subject to the usual closing requirements, and is expected to be finalized in the fourth quarter of Cisco’s fiscal year 2012.
Investing Insights: Gold and Silver Finish More Than 1% Lower.
Hewlett-Packard Company (NYSE:HPQ) reports that an attorney for Oracle (NASDAQ:ORCL) has rejected a settlement with it, in a lawsuit over the Itanium microprocessor. On the previous day, a judge refused settle the matter out of court, according to a Reuters report.
International Business Machines Corp. (NYSE:IBM) has reached the completion of a Memorandum of Understanding with the Department of Science and Technology of the Republic of the Philippines, to cooperate on the establishment of the first Philippine Systems & Technology R&D Laboratory, which is hoped will help boost economic growth in that country
Microsoft Corporation (NASDAQ:MSFT): In late 2010 Skype was informed of a flaw in security that enables the locations of users to become known, but a Wall Street Journal report says that the security officers who discovered the problem say that nothing has been done about it.
General Electric Co. (NYSE:GE) subsidiary GE Aviation expands into its new premises in Pompano Beach. The facility provides an increase in square footage of 30 percent, plus a research and development laboratory which is capable of advanced development of silicon carbide-based power conversion products for air, land and sea-based platforms. GE, which is committed to the state, is investing around $20 million in program work and research and development related to the aforementioned facility over the next five years
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