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Stock Market & Financial Investment News

News Breaks
February 7, 2013
09:02 EDTNTAP, SAPSAP and NetApp announce strategic partnership
SAP (SAP) and NetApp (NTAP) announced they are deepening their collaboration with the intent to support next-generation solutions, including the SAP HANA platform and SAP NetWeaver Landscape Virtualization Management software. By complementing innovative database solutions from SAP with NetApp's storage and data management solutions, the companies are providing customers with an agile data infrastructure for SAP applications that can help drive competitive advantage and reduces cost of ownership.
News For SAP;NTAP From The Last 14 Days
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July 1, 2015
06:01 EDTNTAPStocks with implied volatility below IV index mean; MU NTAP
Stocks with implied volatility below IV index mean; Micron (MU) 38, NetApp (NTAP) 23 according to iVolatility.
June 30, 2015
06:04 EDTNTAPStocks with implied volatility below IV index mean; MU NTAP
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05:59 EDTSAPGartner: Worldwide IT spending on pace to decline 5.5% in 2015
Worldwide IT spending is on pace to total $3.5T in 2015, a 5.5% decline from 2014, according to the latest forecast by Gartner, Inc. Analysts attribute the decline to the rising U.S. dollar. In constant-currency terms, the market is projected to grow 2.5%. In Gartner's previous forecast in April, it had forecast IT spending to decline 1.3% in U.S. dollars and grow 3.1% in constant currency. "We want to stress that this is not a market crash. Such are the illusions that large swings in the value of the U.S. dollar versus other currencies can create," said John-David Lovelock, research vice president at Gartner. "However, there are secondary effects to the rising U.S. dollar. Vendors do have to raise prices to protect costs and margins of their products, and enterprises and consumers will have to make new purchase decisions in light of the new prices." Communications services will continue to be the largest IT spending segment in 2015 with spending at nearly $1.5T. However, this segment is also experiencing the strongest decline among the five IT sectors. In the device market, mobile phones continue to be the leading segment, with growth in Apple phones, especially in China, keeping overall phone spending consistent. However, overall smartphone unit growth will start to flatten. The PC and tablet market continues to weaken. The expected 10 percent increase in average PC pricing in currency-impacted countries is going ahead, delaying purchases even more than expected. Excessive PC inventory levels, especially in Western Europe, need to be cleared, which will delay Windows 10 inventory in the second half of the year. Within the data center systems segment, storage and network markets are both expected to see weaker growth in U.S. dollar terms as a result of the appreciation of the U.S. dollar. Reference Link
June 29, 2015
14:53 EDTNTAPBankers see suitors being cool to NetApp amid competition, dealReporter says
Two industry bankers said NetApp’s worsening performance and rising competition are leading to little or no strategic interest from potential suitors, reported dealReporter, according to contacts.
June 25, 2015
07:03 EDTNTAPNetApp did little to alleviate investor concerns, says Piper Jaffray
Piper Jaffray analyst Andrew Nowinski says NetApp's tech talk with new CEO George Kurian did little to alleviate investor concerns since no new initiatives were revealed. New management is continuing to execute the "failed strategy" that prior management initiated, Nowinski tells investors in a research note. He views shares as fairly valued and keeps a Neutral rating on NetApp.
June 23, 2015
07:41 EDTSAPRed Hat to hold a summit
Red Hat Summit 2015 is being held in Boston on June 23-26 with webcasted company presentations to begin on June 23 at 4 pm; not all presentations may be webcasted. Webcast Link
05:32 EDTSAPCalypso Technology signs global reseller agreement with SAP
Calypso Technology has entered into a global reseller agreement with SAP. Through this agreement, SAP will resell the Calypso cross-asset, front-to-back treasury and capital markets platform as two solution extensions: the SAP Capital Markets Trading solution by Calypso and the SAP Capital Markets Treasury solution by Calypso.
June 20, 2015
16:10 EDTNTAPNetApp participates in a conference call with UBS
UBS IT Hardware Analyst Steve Milunovich hosts CEO George Kurian, who will discuss NetApp's technology, strategy and direction on a conference call to be held on June 24 at 1 pm. Webcast Link

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