Tech Biz Cheat Sheet: EMC Pops, IBM Drops
EMC’s (NYSE:EMC) strong third quarter earnings report noted its 2011 revenue and EPS guidance fell in line with consensus forecasts of $19.86 billion and$1.48. Information Storage sales rose 16% year over year, with a 28 percent growth in midrange products and a 7 percent growth in its Symmetrix line. Revenue in the U.S. grew 17 percent year over year; its Asia-Pac region reported a 37 percent rise and EMEA rose 15 percent.
Twitter’s second round of funding now has the company valued at $8 billion. Half of its 100 million active users now log on daily and its mobile device usage has grown 40 percent each quarter with a surging number coming from Apple (NASDAQ:AAPL) iOS5 users.
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Cisco (NASDAQ:CSCO) upgraded its Nexus data center switch lineup for different environments with two new products: a Nexus® data center switches and MDS storage switches. It also added second generation capabilities to the Nexus® 7000 Series and Cisco Fabric Path support for the Nexus® 5500 switch.
IBM’s (NYSE:IBM) stock has been downgraded after the company reported third quarter earnings. Analysts expressed concern for a slowdown in mainframe sales, a services backlog growth and risk with IBM’s 2015 earnings per share.
Smartphone DRAM sales from companies such as Micron Technology (NASDAQ:MU) are poised for triple-digit growth this year to 1.7 billion vs. 2010’s 672.0 million; this represents a 157 percent increase. Shipments will continue growing to 13.9 billion units by 2015, representing a 700 percent increase from 2011.
Nortel Networks Ltd.’s proposed patent sale to six technology companies remains under U.S. Department of Justice review. The group includes Microsoft (NASDAQ:MSFT), Apple Inc (NASDAQ:AAPL), EMC Corp (NYSE:EMC), Ericsson AB (NASDAQ:ERIC), Research In Motion (NASDAQ:RIMM) and Sony Corp (NYSE:SNE).
Skype’s founders are launching Vdio, a rival to Netflix (NASDAQ:NFLX). Details have been sparse but the new site may replicate Skype’s online music service, Rdio.
Research in Motion’s (NASDAQ:RIMM) stock is back on the rise after the company announced BBX. Combining BlackBerry and QNX operating systems, the platform will combine enterprise, NOC and cloud services into one and it will run on smartphones, tablets and embedded systems.
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