Put EC2 or Azure out of your mind. "Cloud computing" is one of the most abused terms in tech, and (as Larry Ellison hilariously noted) can be twisted to mean almost anything.
Sun's latest move beefs up its "virtualization" offerings: the ability for enterprises to use a small cluster of servers (sometimes called a "private cloud") to share resources and emulate the functions of having many more computers.
The tech sector gets caught up in Intel's revenue warning in which the chip giant cites weakness in the personal-computer market as the cause behind its fourth-quarter sales coming in below analystsâ?? expectations.
It would be hard to miss the headline that Alcoa (AA) fired 15,000 people yesterday. The actions of big companies are probably a much better indicator for what is ahead for the economy that forecasts from business professors. The fascinating and troubling aspect of the Alcoa cuts is that the company made $470 million in the last reported quarter and Wall St. estimates have it making a very modest amount of money next year. Dow Chemical (DOW), which recently let thousands of people go is also a money maker. One of the most successful corporations in the US, IBM (IBM)...
Intel Corp. (INTC), the world’s largest chipmaker, has lowered their fourth quarter outlook and dampened hopes within the technology sector and related exchange traded funds (ETFs).
The corporation said Wednesday that it would miss its revenue projection by about $500 million, a sign that PC makers and buyers are being more tightfisted ...
TheStreet.com's Jim Cramer says the next six components include one that may vanish from the index, as well as a top pick.
This is the third part of Jim Cramer's series of predictions for the Dow components in 2009. Be sure to read the first and second parts.
General Motors (NYSE: GM) (Cramer's Take): I believe GM will disappear from the Dow in 2009, a historic change. GM could, like AIG (NYSE: AIG) (Cramer's Take), become a zombie stock, if the common stock isn't crushed in 2009 by bankruptcy. The GMAC deal is a windfall for the company, though, and a "soldier on" situation could be in the works.
The best hope here is a Citigroup-like (NYSE: C) (Cramer's Take) investment where the common stock is bolstered, but the union situation makes it highly unlikely that the company's fortunes can turn. This one's problematic for my whole Dow Jones projections because I believe its near or total obliteration will allow the Dow keepers to replace it with something that can rally in 2009. Cost-cutting just won't make it; there is way too much overcapacity in this industry.
Fortunately, given its reduced size, GM's disappearance won't hurt the averages much. If you really like this one, please play the GM Senior Convertible Debentures C (GPM), which is a convertible preferred with a high yield.
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US stocks finished with solid gains on Friday as beleaguered automaker General Motors (NYSE: GM) got the first $4 billion of a series of emergency loans from the US Treasury.[More...]
US stocks finished with gains on Tuesday as investors greeted Treasury's move to provide $5 billion in rescue package to GMAC, the financing arm of troubled automaker General Motors.[More...]