canada goose black friday sale M HP and Dell results roil market
Canada Goose Outlet With billion dollar plus acquisitions involving Intel, McAfee, Dell and 3Par, quarterly results from vendors including Hewlett Packard and Dell, as well as various PC and jobs market reports, IT observers had a lot to digest this week not all of it good.
While mergers and acquisition activity and strong sales reports usually excite investor confidence, a pall of economic uncertainty continues cheap Canada Goose to linger canada goose uk black friday over the tech canada goose clearance market. On the tech heavy Nasdaq, computer stocks on canada goose uk outlet Thursday closed down by 4.81 percent for the year and telecommunications stocks closed down by 5.56 percent. On the broader New York Stock Exchange, the tech/media/telecom canada goose category closed down by 2.69 percent.
Canada Goose Jackets Above all else, investors appear to fear that an economic slowdown will have an impact on IT canada goose store spending. Government reports Thursday showed that first time claims for jobless benefits increased to a nine month high of buy canada goose jacket cheap 500,000 last week, and factory activity in the mid Atlantic states has started to decline this month, for the first time in about a year.
cheap Canada Goose Despite the clouds over the broad economic landscape, IT vendors continue to report solid growth over last year recession slammed results.
canada goose coats Hewlett Packard Thursday announced that in the three month period ending July 31, net revenue increased by 11.4 percent from the year earlier period to US$30.7 billion, while net canada goose coats on sale earnings increased 6 percent to $1.8 billion.
buy canada goose jacket The results were expected, since the company pre announced its financial statement two weeks ago when CEO and Chairman Mark Hurd resigned, following an Canada Goose Online investigation into claims that he sexually harassed a former contractor to the company. The inquiry found that Hurd did not violate HP sexual harassment policy but that he did violate its standards of business conduct.
Since that announcement, media reports citing company insiders have said that many HP executives were upset with Hurd cost cutting practices fearing that they would cripple the company vaunted R and used the sexual harassment case as a way to force him out. HP share price has hit 52 week lows recently, and all eyes are on the company for signs of weakness as it scrambles to find a new chief executive.
Canada Goose online Dell, also reporting Canada Goose sale quarterly results Thursday, said for the quarter ending in July, revenue increased 22 percent from the Canada Goose Parka year earlier period, to $15.53 billion, while net income rose 16 percent to $545 million, amounting to earnings per share (EPS) of $0.32, excluding one time charges. The results beat expectations of analysts polled by Thomson Reuters, who forecast revenue of $15.21 billion and EPS of $0.30.
The good news comes at an opportune time for Dell. About 25.2 percent of shareholders last week withheld support for CEO and Chairman Michael Dell re election to the company board, in the wake of a Securities and Exchange Commission (SEC) complaint Canada Goose online last month that charged Dell and other company officials with misreporting more canada goose clearance sale than $1 billion of payments from Intel to boycott AMD chips. The SEC also charged Dell and other officials with a litany of other accounting violations revolving around the use of jar funds to make up cheap canada goose uk for sales shortfalls during the 2002 2005 period.
canada goose store Confidence in Dell can only continue if the company continues to broaden its portfolio in an effort to move into new markets. One big sign that the company is doing so is its $1.15 billion planned acquisition of data storage company 3Par, announced Tuesday.
canadian goose jacket IDC had some good news Thursday, reporting that global PC microprocessor unit shipments and revenue in the quarter increased 3.6 percent and uk canada goose 6.2 percent, respectively, compared to the first quarter. This is better than the usual change from the first to the second quarter of the year, since the average change in shipments is an increase of 1.6 percent, and revenue usually decreases 2.8 percent, IDC said.
buy canada goose jacket cheap However, early signs indicate that demand is weakening in August.
OEMs cut PC build orders with their contract manufacturers who, in turn, have cut orders for commodity uk canada goose outlet components, said Shane Rau in the IDC report. the PC processor vendors re iterated their solid outlook during their most recent earnings calls, the softness we seen ultimately makes us concerned for end demand pull on processors. The canadian goose jacket second half of the year will likely see a slowdown in Canada Goose Jackets growth, Rau said, adding, remains Canada Goose Coats On Sale a wildcard in terms of sustainable unit growth.
canada goose deals Meanwhile, chip giant Intel surprise announcement Thursday that it would buy security software vendor McAfee for $7.68 billion was canada goose black friday sale seen by many canada goose uk shop observers as a way to branch out from the saturated PC market to the high growth mobile market. the rapid expansion of growth across a vast array of Internet connected devices, more and more of the elements of our lives have moved online, said Intel CEO buy canada goose jacket Paul Otellini in a statement before the market opened Thursday.
Canada Goose Parka Intel gave only broad hints at canada goose factory sale how McAfee technology will fit into its product line, and it still may need to convince investors that the deal makes sense. Its share price dropped by $0.69 to $18.90 by the end of the canada goose coats day.
canada goose coats on sale Other vendors this week reported positive financial news:
canada goose Data storage company NetApp said Wednesday that revenue for the quarter ending in July increased to $1.14 billion from $838 million a year earlier, while profit increased to $142 million womens canada goose jacket from $52 million.
canada goose clearance Lenovo Group said Thursday that sales for the quarter ending in June were up 50 percent Canada Goose Outlet over the same period last year, to $5.1 billion, while profit jumped to $55 million, compared to a loss of $16 million last https://www.canadagooseoutletmall.com year. Sales in China and emerging markets fueled the growth, Lenovo said.
Canada Goose sale While businesses and consumers are clearly spending more on IT than they were last year, it just as clear judging from turmoil on the markets that investors haven yet bought into the idea of a stable economic recovery.