Shares rose sharply today, Monday 26th April, for McAfee Inc. following rumours that the PC manufacturer Hewlett-Packard showed interest in buying the security software company outright.
Buying McAfee will greatly toughen the company’s authority and expand their competitive edge.
There is now a feeling that they will now have the edge on rivals such as Cisco Systems Inc if the sale of McAfee goes through.
By midday today, McAfee’s shares had risen by 3% to approaching $42 a share.
At present, McAfee and HP declined any comment.
Monday, 26 April 2010
First quarter profit doubles for SonicWall
Recently, the network security technology company SonicWall announced that their profits had more than doubled. They also announced their revenue went up by 17%.
SonicWall now has shares valued at 8 cents, compared with 3 cents for the same period in 2009. This amounts to nearly $4.5 million in revenue.
SonicWall turned in better than expected results.
Looking further ahead, SonicWall are now looking at revenue of nearly $60 million for the second quarter this year. Analysts expect 11 cents a share profit on this revenue.
As the news of SonicWalls success came out, their shares rose by nearly 4% at just over the $10 mark.
SonicWall now has shares valued at 8 cents, compared with 3 cents for the same period in 2009. This amounts to nearly $4.5 million in revenue.
SonicWall turned in better than expected results.
Looking further ahead, SonicWall are now looking at revenue of nearly $60 million for the second quarter this year. Analysts expect 11 cents a share profit on this revenue.
As the news of SonicWalls success came out, their shares rose by nearly 4% at just over the $10 mark.
Lenovo looking for speedy expansion from mobile devices
At the start of 2010, Lenovo introduced us to their smartphone, the LePhone, to its intended market of China.
At the event launch, Lenovo announced that it expected mobile internet merchandise to account for anything from 10 to 20 percent of its revenue at the end of the next 5 years. These products include the Skylight mini-notebook.
Lenovo are expecting the mobile internet devices to overtake the conventional PC market during this time. They are eager to make a big impact now, along with other PC OEMs.
Other manufacturers such as Dell and HP have the iPad in its focus also, as Dell appears to be introducing 5, 7 and 10 inch mini slates.
This year 2010 looks as though it maybe a massive year for the slate or tablet.
At the event launch, Lenovo announced that it expected mobile internet merchandise to account for anything from 10 to 20 percent of its revenue at the end of the next 5 years. These products include the Skylight mini-notebook.
Lenovo are expecting the mobile internet devices to overtake the conventional PC market during this time. They are eager to make a big impact now, along with other PC OEMs.
Other manufacturers such as Dell and HP have the iPad in its focus also, as Dell appears to be introducing 5, 7 and 10 inch mini slates.
This year 2010 looks as though it maybe a massive year for the slate or tablet.
Sunday, 25 April 2010
Lenovo looking to buy Palm
The worlds fourth largest PC brand Lenovo is in the frontline to purchase ailing smartphone manufacturer Palm.
With this news, shares in Lenovo rose by nearly 6 percent to take them to a near 2 year high.
News is sketchy on the Lenovo bid at the moment and not many details are available at present.
Other potential buyers include the smartphone manufacturer HTC and Huawei, the wireless telecom equipment maker. Both firms have since pulled out and withdrawn their bids.
The Chief Executive of Lenovo decided not to comment on the takeover of Palm earlier this week.
Experts agree that Lenovo, who are doing well at present, are the best candidate to buy Palm, as the Lenovo strategy is increasing their growth through purchases and moving into the “wireless” arena.
Lenovo had a staggering $2.4 billion in raw cash at the end of last year 2009. It said that they are also looking at possible amalgamation prospects.
With this news, shares in Lenovo rose by nearly 6 percent to take them to a near 2 year high.
News is sketchy on the Lenovo bid at the moment and not many details are available at present.
Other potential buyers include the smartphone manufacturer HTC and Huawei, the wireless telecom equipment maker. Both firms have since pulled out and withdrawn their bids.
The Chief Executive of Lenovo decided not to comment on the takeover of Palm earlier this week.
Experts agree that Lenovo, who are doing well at present, are the best candidate to buy Palm, as the Lenovo strategy is increasing their growth through purchases and moving into the “wireless” arena.
Lenovo had a staggering $2.4 billion in raw cash at the end of last year 2009. It said that they are also looking at possible amalgamation prospects.
Saturday, 24 April 2010
Adobe ditches iPhone code tools
Adobe has announced that it is to scrap its software tools that allow Apple’s iPad and iPhone to use Adobe’s Flash technology.
It is somewhat of a u-turn from Adobe as they had previously announced help to get Flash working on the popular Apple gadgets.
The Flash software is a popular application on the internet for many multimedia components. However, Apple does not support the software and has openly criticized it in the past.
Adobe now seem to be closely associated with Android and Google.
Apple restructured its terms and conditions for the licence software developers have to sign up to implement applications on the iPad and iPhone.
This came just prior to Adobe releasing software Creative Suite 5 that included translations tools that turn Flash code into programs that can work on the iPhone.
This in turn banned the use of code translators including Creative Suite 5. Many software creators have since criticized this move by Apple.
It is somewhat of a u-turn from Adobe as they had previously announced help to get Flash working on the popular Apple gadgets.
The Flash software is a popular application on the internet for many multimedia components. However, Apple does not support the software and has openly criticized it in the past.
Adobe now seem to be closely associated with Android and Google.
Apple restructured its terms and conditions for the licence software developers have to sign up to implement applications on the iPad and iPhone.
This came just prior to Adobe releasing software Creative Suite 5 that included translations tools that turn Flash code into programs that can work on the iPhone.
This in turn banned the use of code translators including Creative Suite 5. Many software creators have since criticized this move by Apple.
Windows 7 raises Microsoft profits by 35%
Microsoft have announced that its profits had risen by 35% over the first quarter of 2010 and is due to the popular Windows 7 operating system.
Window 7 has made Microsoft a profit of nearly $4 billion or £2.6 billion and has seen good growth from its Bing search engine and also Xbox live.
Microsoft’s sales have risen by nearly 6% compared with the same quarter this time last year and have hit over $14 billion.
The Windows 7 operating system has been Microsoft’s biggest seller and comes after the disappointing sales of Windows Vista.
Microsoft has been the first software company to report on their current earnings.
Apple and Yahoo earlier this week both announced that profits this had risen.
Window 7 has made Microsoft a profit of nearly $4 billion or £2.6 billion and has seen good growth from its Bing search engine and also Xbox live.
Microsoft’s sales have risen by nearly 6% compared with the same quarter this time last year and have hit over $14 billion.
The Windows 7 operating system has been Microsoft’s biggest seller and comes after the disappointing sales of Windows Vista.
Microsoft has been the first software company to report on their current earnings.
Apple and Yahoo earlier this week both announced that profits this had risen.
Thursday, 22 April 2010
Windows users hit by new McAfee security update
Many PC's around the world, running into the many thousands, have been hit by a new security update issued by Windows.
They have been hit by the update which issued a part of the Windows platform as a virus.
The security update, which was provided by the software company McAfee, caused many PC’s to continually restart.
Since the update was issued, McAfee have apologised to all of the people affected.
The problem started when the McAfee software updated its anti virus list which is used to detect programs deemed as malevolent.
The McAfee update incorrectly targeted the Windows file schist.exe file as the wecorl file, which is a virus. The worm then tries to restore the current svchost file and take over the computer.
The virus is then quarantined which caused many PC’s to crash.
The McAfee software update is said to have caused widespread problems, nearly taking Intel down completely at one point.
However, the update has since been removed by McAfee and they have reissued the update without the fault.
They have been hit by the update which issued a part of the Windows platform as a virus.
The security update, which was provided by the software company McAfee, caused many PC’s to continually restart.
Since the update was issued, McAfee have apologised to all of the people affected.
The problem started when the McAfee software updated its anti virus list which is used to detect programs deemed as malevolent.
The McAfee update incorrectly targeted the Windows file schist.exe file as the wecorl file, which is a virus. The worm then tries to restore the current svchost file and take over the computer.
The virus is then quarantined which caused many PC’s to crash.
The McAfee software update is said to have caused widespread problems, nearly taking Intel down completely at one point.
However, the update has since been removed by McAfee and they have reissued the update without the fault.
Subscribe to:
Posts (Atom)