Balasubramanyam Seshan

931-960 (out of 1193)

Federal IT Budget Backs Growth in Cloud Plays

U.S. President Barack Obama's proposed 2012 Federal budget included proposals to improve the inefficiencies in government data centers. The budget outlines the adoption of cloud-computing and virtualization technologies to lower IT spending costs and increase agility.

Borders Files for Bankruptcy; Stock Plunges 25 pct

The second largest U.S. bookstore chain Borders Group Inc. (NYSE: BGP) filed for Chapter 11 bankruptcy protection as its book sales started sinking in 2008, 2009, and in each quarter of 2010 even after management changes, job cuts and debt restructuring.

Skilled Nursing Facilities Q4 Earnings Preview (SKH, SUNH, KND)

RBC Capital Markets said in its skilled nursing facilities Q4 earnings preview that pre-announced upsides for the quarter and better-than-expected 2011 guidance combined with Kindred Healthcare Inc.'s (KND) fourth quarter results on the RehabCare Group (RHB) deal announcement, suggest a bright outlook in the near term under Resource Utilization Group, Version Four (RUG-IV).

Mobile Phones Wrapped in Serrano Ham

RBC Capital Markets said in its highlights before the Mobile World Congress show that smartphone units may accelerate this year from last year’s 60 percent growth as devices do more and simultaneously move down market for the masses.

NASA Spacecraft Spots Its 'Valentine' Comet

This year Valentine's Day is so special as NASA's Stardust spacecraft is preparing for final date with comet Tempel 1 on its second exploration. The world will be beginning to look at images when the spacecraft is on its closest approach to fly by comet Tempel 1 at about 11:37 pm EST on Monday, with confirmation likely to be received on Earth at about 11:56 pm EST.

De-funding: Energy in the Budget Crossfire

The U.S. House Republicans will unveil their proposed budget cuts on Thursday for the remaining of fiscal 2011. The steep cuts proposed for energy and environmental programs foreshadow the continued trends that will dominate the foreseeable future, FBR Capital Markets said in a note to clients.

Diodes Upgraded at Robert W. Baird

Robert W. Baird upgraded its rating on shares of Diodes Inc. (NASDAQ: DIOD) to outperform from neutral on attractive valuation. The brokerage raised its price target on shares of the supplier of components to chipmakers to $32 from $20.

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