Technology Sector Review: Cisco Summed Up, No Alternatives For Nokia

Computer Sciences Corp. (NYSE:CSC): Reports Q3 revenue $3.76B, consensus $3.98B. Revenue was $3.76B net of a $204M reduction relating to the U.K. National Health Service contract; excluding the NHS reduction, revenue was $3.97B. EPS from continuing operations was ($8.97) and included two significant non-cash charges: a material impairment of the company’s net investment in the NHS contract, a charge of $1.49B, reducing EPS from continuing operations by $9.93, and a further goodwill impairment review for the BSS-Health reporting unit that resulted in a net goodwill impairment charge of $60M, which reduced EPS from continuing operations by 39c.

The shares closed at $31.39, up $4.91, or 18.54%, on the day. Its market capitalization is $4.87 billion.

Cerner Corporation (NASDAQ:CERN): Reports Q4 revenue $615.6M vs. consensus $587.28M. This corrects a note from yesterday that included a typo in the statement of Q4 revenue.

The shares closed at $70.88, up $8.31, or 13.28%, on the day. Its market capitalization is $11.98 billion.

Apple Inc. (NASDAQ:AAPL) asked the European Telecommunications Standards Institute to set basic principles governing how member companies license their patents, the Wall Street Journal reports.

The shares closed at $476.68, up $7.85, or 1.67%, on the day. Its market capitalization is $444.44 billion.

Microsoft Corporation (NASDAQ:MSFT): Nokia (NYSE:NOK) says there are “no alternatives” other than to succeed with the transition to Microsoft (NASDAQ:MSFT) Windows Phone operating system from its Symbian smartphone platform, Dow Jones reports, citing Swedish business daily Dagens Industri. Nokia VP and Head of Nokia Eurasia, Victor Saeijs, says “Plan B is that plan A must succeed.”

The shares closed at $30.66, up $0.31, or 1.02%, on the day. Its market capitalization is $257.26 billion.

Intel Corporation (NASDAQ:INTC): A Hewlett-Packard (NYSE:HPQ) event in Las Vegas next week is likely to be a showcase for its forthcoming ProLiant G8 servers featuring Intel’s (NASDAQ:INTC) “Sandy Bridge-EP” Xeon E5 processors, according to Channel Register.

The shares closed at $26.85, up $0.21, or 0.79%, on the day. Its market capitalization is $136.72 billion.

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