HP reports solid earnings
Hewlett-Packard's fourth-quarter earnings surpassed analyst expectations, and the company gave a comparatively positive outlook for 2009 during an earnings call yesterday. HP reported $33.6 billion in sales revenue, a 19% increase over the same period last year.
By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
For the full 2009 fiscal year, HP expects revenue of $127.5 billion to $130 billion. That's less than the $136 billion analysts were looking for, but still higher than tech industry competitors, which are already posting losses or expecting to remain flat in the coming year. HP's stocks rose 14% after numbers were released.
Economy to slam networking markets
The economic crisis will hit the enterprise networking and telecom markets harder than anything in the last two decades -- including the tech bubble burst of 2001 -- according to a new study by CIMI Corp. SearchTelecom.com reports that, in Surviving a Tech Market Nuclear Winter: A Planner's Handbook to Tech Success in Today's Challenging Financial Times, analyst Tom Nolle says enterprise networking spending will suffer, but telecom service providers won't be hit for another few quarters. Still, Nolle adds this note of encouragement: If companies take action in planning for the meltdown, they could emerge on the other side intact.
Intel, VMware oppose AMD live migration plans
Intel and VMware are speaking out against Advanced Micro Device's plans to allow live virtual machine migration between systems running different types of processors, according to SearchServerVirtualization.com.
Earlier this month, AMD showed a demo of live migration between a system running its Shanghai quad-core Opteron processor and one running an Intel Xeon processor. Neither VMware nor Intel sanctioned the demo, and both companies say they don't support live migration across different types of processors because it could threaten system stability.
Sage Software: Just call us Sage
Sage Software this week rebranded itself as simply Sage. The company's North American operations, which calls itself Sage North America, will continue to sell the familiar Act!, Accpac, MAS 90 ERP and Peachtree sub-brands, but now as Act! By Sage, Sage Accpac Extended Enterprise Suite, Sage Accpac ERP, Sage MAS 90 ERP and Peachtree by Sage. Sage is the new global brand name for all of Sage Group worldwide: there is Sage Australia, Sage Middle East, Sage UK, Sage Ireland, etc. The company's software business is a product of many acquisitions by parent company Sage Group Plc. out of the U.K. Three years ago, the North American part of the company, which had been doing business as Best Software, renamed itself Sage Software.
Check out yesterday's IT channel news briefs.