Dell To Acquire Ocarina Networks

Dell Inc has announced that it has signed an agreement with San Jose-headquartered Ocarina Networks to acquire the company. The terms of the acquisition have not been disclosed.

Ocarina Networks operates in the domain of optimization technology for heavy-duty storage. The company’s offerings have the potential to free up 30% to 75% of existing storage capacities, releasing network bandwidth, power, cooling, data center space and management, resulting in CapEx and OpEx savings. In today’s business environment where data is largely unstructured, the company’s technologies can make a significant difference.

The acquisition of the company will allow Dell to integrate Ocarina’s products into its existing deduplication solutions portfolio.

Ocarina Networks was founded by Murli Thirumale in 2007, who was its CEO at the time of the acquisition. The company had been a vendor for Dell for over a year. Post acquisition, Dell plans to invest in further engineering and sales capabilities of Ocarina, and would not immediately move the company’s operations from its present premises. The present management team is also likely to remain intact.

Read more about the latest acquisition of Dell in storage technology domain, here.

Intel Posts Q2 2010 Results

Santa Clara, California-headquartered Intel Corporation has posted the financial results for the second quarter of 2010.

The company has notched up revenue of USD 10.8 billion, which is up by USD 2.7 billion over its revenue for Q2 2009. Operating income zoomed to USD 4.0 billion which is USD 4.0 billion more than the income in the corresponding Q2 of 2009. As a result, the net income has come to USD 2.9 billion, with an EPS of 51 cents which makes Q2 2010 a watershed quarter for Intel, in its 42 year history.

The company’s sales are in tune with trend in the market: more mobile microprocessors are being sold than desktop processors. Server microprocessors too sold higher by as much as 13% as compared to Q1 2010. The company has spend USD 3.25 billion in research and development, as well as in mergers and acquisitions.

Intel is at the forefront of microprocessor manufacturing. The company is in direct competition with AMD, and it shook off a long-drawn litigation with the latter in the last quarter through a one-time settlement payment that saw a dip in its reserves in the earlier quarter.

Read more about the latest financial results from Intel, here.

IBM Posts Q2 2010 Results

Armonk, New York-headquartered IBM Corporation has announced its financial results for the second quarter of 2010.

Total revenue for Q2 2010 was USD 23.7 billion, which is 2% more than the total revenue reported for Q2 2009. The net income reported for Q2 2010 was USD 3.4 billion. This is 9% more than the USD 3.2 billion net income reported for Q2, 2009. This has yielded a diluted earnings per share of USD 2.61, which is 13% more than the EPS in the corresponding Q2 of 2009.

These computations have led to pre-tax income of USD 4.6 billion.

Of the different income streams, the company experienced the highest jump in Business Analytics of 14%, while the streams of software and services posted an increment of just 2%.

In the second quarter, IBM signed services contracts that notched up USD 12.3 billion. However, contracts for outsourcing services saw a dip by 19% to USD 6.5 billion. New-business outsourcing was more than extensions of older contracts. Contracts for transactional services (such as consulting, integrated technology services, and the like) too saw a dip by 3% to USD 5.8 billion.

Read more about the latest financial performance of an IT biggie, here.

New Services For MagCloud Platform From HP

Hewlett-Packard Development Company has announced a new set of services for its self-publishing web platform, MagCloud.

These new services include:

- shipping to destinations around the world, which means that a customer now has the option to order a single issue of any publication on MagCloud.

- new options for binding hard copies, which means that magazines with pagecount more than 300 can be printed with perfection.

- and an application that enables consuming digital material on the iPad, which is available for free from App Store. There is also an option to buy a hardcopy version of the content. This implies that any publisher can now offer content in both digital and print format to iPad users, using the MagCloud platform.

The MagCloud publishing ecosystem provides facilities to publishers who want to save on preproduction costs or the hassle of minimum print runs. Because the market is moving towards more and more niche, targeted readership, the platform provides people to experiment with their chosen target with minimal investment.

The platform also creates a level ground for new and novice publishers who may have little experience, little or no reach and minimal capital.

Read more about how a SaaS platform is being ramped up to prove more useful for its users, courtesy HP, here.

Apple Reports Q3 2010 Results

Cupertino, California-headquartered Apple Inc has announced its Q3 results for 2010.

The company has reported revenue of USD 15.7 billion for the quarter, compared to the revenue of USD 9.73 billion for Q3 2009. This has yielded a net profit of USD 3.25 for the quarter, which is again better than the net profit of USD 1.83 billion for Q3 2009. The impact has been favorable on EPS, which was computed to USD 3.51 per diluted share. This quarter also saw a generation of USD 4 billion in cash.

A notable feature of this quarter was the launch and sale of iPads, which shipped out 3.27 million units within the quarter itself. This is over and above the sale of 8.4 million iPhones, 9.41 million iPods and 3.47 million Macintoshes. Another notable feature was the launch of iPhone 4, the next generation of the smartphone mobile from Apple that has revolutionized the mobile industry.

The company is expecting to touch revenue of USD 18 billion in Q4 2010, up from the present quarters USD 9.73 billion. The diluted EPS is forecast to touch USD 3.44.

Read more about the financial performance of an IT biggie, here.

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