Hewlett-Packard Co is considering a plan to reorganize the company and combine its printer and personal computer units, the Wall Street Journal reported.
A plan is being finalized that would put Todd Bradley, who leads HP's PC group, in charge of the combined division, the report said, citing people familiar with the matter.
An HP spokeswoman declined to comment on what she called "rumor and speculation."
PCs made up around 30 percent of HP's revenue in the July quarter, with the printing group accounting for roughly 20 percent.
The printing group boasted an operating margin of 17 percent, making it HP's most profitable division.
For fiscal 2010, HP forecast revenue growth of 3-5 percent in its PC business and zero to 2 percent in its printing group.
HP is the world's No. 1 PC maker, holding a roughly 20 percent share of the global market.
The Journal report said Vyomesh Joshi, a longtime HP veteran who leads the printing division, could potentially leave the company in the coming months.
He has been approached in recent years by other technology companies looking for a new chief executive, the report said, citing people familiar with Joshi's discussions.
Agencies
Wednesday, September 30, 2009
Free computer security software from Microsoft released
Microsoft has released free software that people can use to protect computers against viruses, spyware and other malicious codes in arsenals of cyber criminals.
Microsoft Security Essentials is available for download at microsoft.com/security_essentials and is built on technology that the global software giant uses in computer security programs it designs for businesses.
"With Microsoft Security Essentials, consumers can get high-quality protection that is easy to get and easy to use, and it won't get in their way," said Amy Barzdukas, general manager for consumer security at Microsoft.
"Consumers have told us that they want the protection of real-time security software but we know that too many are either unwilling or unable to pay for it, and so end up unprotected."
Microsoft hopes that the free software will be broadly adopted, particularly by those who have not been vigilant about protecting computers from hackers, and thereby "increase security across the entire Windows ecosystem."
More than 90 percent of the computers worldwide run on Windows operating systems made by the US technology firm.
"Microsoft is helping to reduce some of the barriers that constrain consumers from running (anti-virus software)," said IDC security analyst Jon Crotty. "Microsoft is focused on the challenges that prevent consumers from running up-to-date anti-virus software today, particularly in emerging markets where there is a growing prevalence of malware."
Security Essentials is designed to run behind the scenes, defending machines against infection by malicious computer codes.
The real-time nature of the software means it is automatically kept up-to-date regarding viruses.
Computer security specialty firm Symantec downplayed the Microsoft offering, saying it is lightweight and isn't tuned for new forms of attack being used by hackers.
Symantec referred to Security Essentials as a stripped-down version of an old Microsoft OneCare product that got poor ratings.
"From a security perspective, this Microsoft tool offers reduced defenses at a critical point in the battle against cyber crime," Symantec said of the free offering that competes with Norton products sold by the firm.
"Unique malware and social engineering tricks fly under the radar of traditional signature-based technology alone -- which is what is employed by free security tools such as Microsoft's," it said.
Agencies
Microsoft Security Essentials is available for download at microsoft.com/security_essentials and is built on technology that the global software giant uses in computer security programs it designs for businesses.
"With Microsoft Security Essentials, consumers can get high-quality protection that is easy to get and easy to use, and it won't get in their way," said Amy Barzdukas, general manager for consumer security at Microsoft.
"Consumers have told us that they want the protection of real-time security software but we know that too many are either unwilling or unable to pay for it, and so end up unprotected."
Microsoft hopes that the free software will be broadly adopted, particularly by those who have not been vigilant about protecting computers from hackers, and thereby "increase security across the entire Windows ecosystem."
More than 90 percent of the computers worldwide run on Windows operating systems made by the US technology firm.
"Microsoft is helping to reduce some of the barriers that constrain consumers from running (anti-virus software)," said IDC security analyst Jon Crotty. "Microsoft is focused on the challenges that prevent consumers from running up-to-date anti-virus software today, particularly in emerging markets where there is a growing prevalence of malware."
Security Essentials is designed to run behind the scenes, defending machines against infection by malicious computer codes.
The real-time nature of the software means it is automatically kept up-to-date regarding viruses.
Computer security specialty firm Symantec downplayed the Microsoft offering, saying it is lightweight and isn't tuned for new forms of attack being used by hackers.
Symantec referred to Security Essentials as a stripped-down version of an old Microsoft OneCare product that got poor ratings.
"From a security perspective, this Microsoft tool offers reduced defenses at a critical point in the battle against cyber crime," Symantec said of the free offering that competes with Norton products sold by the firm.
"Unique malware and social engineering tricks fly under the radar of traditional signature-based technology alone -- which is what is employed by free security tools such as Microsoft's," it said.
Agencies
Tuesday, September 29, 2009
Will Kyocera Wireless India be acquired by MindTree
MindTree Ltd said on Tuesday it would buy Bangalore-based Kyocera Wireless India Pvt Ltd and make an upfront payment of $6 million, while
further payments will be linked to revenue in FY11 and FY12.
The IT firm expects the acquisition to contribute about $9 million in revenues for the period Oct 2009 to March 2010, with profit after tax expected to be in the range of 13-15 percent, it said in a statement.
Agencies
further payments will be linked to revenue in FY11 and FY12.
The IT firm expects the acquisition to contribute about $9 million in revenues for the period Oct 2009 to March 2010, with profit after tax expected to be in the range of 13-15 percent, it said in a statement.
Agencies
Is Xerox set to acquire ACS for $6.4 in 2009?
Xerox, the global copier and imaging giant, will pay $6.4 billion to acquire the outsourcing company Affiliated Computer Services, expanding its foothold in a growing industry, the companies said.
Xerox, based in Norwalk, Conn, is paying $63.11 a share in cash and stock for ACS, which posted revenue growth of 6% and new business signings of $1 billion in annual recurring revenue during its fiscal 2009.
“We’re creating a new class of solution provider,” Xerox’s chief executive, Ursula M Burns, said in a statement, adding that the deal was “a gamechanger for Xerox.” She estimated the company’s revenue from services would triple to $10 billion next year from $3.5 billion in 2008. Lynn R Blodgett, ACS’s chief executive, said in the statement that the deal was necessary “to expand globally and differentiate our offerings through technology.” ACS will continue to operate as an independent organization. Blodgett will remain as chief executive, reporting to Burns.
It was the first major deal for Burns, who took over Xerox in July with the retirement of Anne M Mulcahy.
Owners of ACS stock will receive $18.60 a share in cash and 4.935 Xerox shares for each ACS share. Xerox will assume $2 billion in ACS debt and issue $300 million of convertible preferred stock to ACS’s Class B shareholders. ACS had a market value Friday at the close of trading of $4.6 billion. Xerox said the transaction would add to profit in the first year on an adjusted-earnings basis.
ACS, based in Dallas, specializes in outsourcing processes for industries including telecommunications, retail and financial services and health care, and describes itself as the largest provider of managed services to government entities in the United States. The companies estimated the market for so-called business process outsourcing at $150 billion, growing at a rate of 5% a year.
JP Morgan Chase and Blackstone Advisory Partners acted as financial adviser to Xerox, while Citigroup Global Markets served as financial adviser to ACS
Agencies
Xerox, based in Norwalk, Conn, is paying $63.11 a share in cash and stock for ACS, which posted revenue growth of 6% and new business signings of $1 billion in annual recurring revenue during its fiscal 2009.
“We’re creating a new class of solution provider,” Xerox’s chief executive, Ursula M Burns, said in a statement, adding that the deal was “a gamechanger for Xerox.” She estimated the company’s revenue from services would triple to $10 billion next year from $3.5 billion in 2008. Lynn R Blodgett, ACS’s chief executive, said in the statement that the deal was necessary “to expand globally and differentiate our offerings through technology.” ACS will continue to operate as an independent organization. Blodgett will remain as chief executive, reporting to Burns.
It was the first major deal for Burns, who took over Xerox in July with the retirement of Anne M Mulcahy.
Owners of ACS stock will receive $18.60 a share in cash and 4.935 Xerox shares for each ACS share. Xerox will assume $2 billion in ACS debt and issue $300 million of convertible preferred stock to ACS’s Class B shareholders. ACS had a market value Friday at the close of trading of $4.6 billion. Xerox said the transaction would add to profit in the first year on an adjusted-earnings basis.
ACS, based in Dallas, specializes in outsourcing processes for industries including telecommunications, retail and financial services and health care, and describes itself as the largest provider of managed services to government entities in the United States. The companies estimated the market for so-called business process outsourcing at $150 billion, growing at a rate of 5% a year.
JP Morgan Chase and Blackstone Advisory Partners acted as financial adviser to Xerox, while Citigroup Global Markets served as financial adviser to ACS
Agencies
Monday, September 28, 2009
IT SEZ from realty firm in Ahmedabad
A city based realty developer Calica Construction and Impex pvt Ltd laid the foundation stone for an It and ITeS Special Economic Zone here on Sunday.
The SEZ will be spread over 20 acres of land on the outskirts of the city and would house small and medium sized information technology companies.
The developers have planned to complete the first phase of the project in two years with initial investment of Rs 300 crore while total estimated cost of the project is Rs 650 crore.
Union minister of state for small and medium enterprises Dinsha Patel and Gujarat minister of state for industry and energy Saurabh Patel were among those present at the foundation stone lying ceremony.
According to Bipin Shah, one of the developers of the new venture, the company has already got the notification from the Board of Approval (BoA) for SEZ and other clearances are in the process.
He said that over 30,000 square feet space will be created for the It and ITeS companies.
He added that they are also in the process of tying up with major IT firms to set up their centres in the SEZ which would offer world class infrastructural facilities.
Agencies
The SEZ will be spread over 20 acres of land on the outskirts of the city and would house small and medium sized information technology companies.
The developers have planned to complete the first phase of the project in two years with initial investment of Rs 300 crore while total estimated cost of the project is Rs 650 crore.
Union minister of state for small and medium enterprises Dinsha Patel and Gujarat minister of state for industry and energy Saurabh Patel were among those present at the foundation stone lying ceremony.
According to Bipin Shah, one of the developers of the new venture, the company has already got the notification from the Board of Approval (BoA) for SEZ and other clearances are in the process.
He said that over 30,000 square feet space will be created for the It and ITeS companies.
He added that they are also in the process of tying up with major IT firms to set up their centres in the SEZ which would offer world class infrastructural facilities.
Agencies
India's $100-b defence pie eyed by American miliary contractors
Eyeing India's estimated $100 billion defence pie, major U.S. arms suppliers are wooing Indian defence agents and officials as New Delhi embarks on a major military shopping spree to modernise its Soviet-era arsenal, a US media report said.
At the U.S. embassy in New Delhi, defence contractors such as Northrop Grumman are sponsoring little league baseball teams, the companies' names stitched onto the uniforms, the Washington Post said in a report from New Delhi.
Almost every weekend, there are cocktails and closed-door presentations in the suites of New Delhi's five-star hotels, hosted by retired admirals and generals from the US armed forces who now work for defence firms, such as Raytheon and Northrop Grumman, it said.
"India will look back-generations down the road-at this period as a defining moment for its new, modern military," the Post cited Roger Rose, chief executive of Lockheed Martin India, which is renting half a wing of New Delhi's Taj Palace Hotel for a 12-person office.
"I think we can all see that there are a lot of threats shared between our two democracies."
With its growing military footprint, India is steering away from traditional ally Russia, its main weapons supplier, and looking toward the United States to help upgrade its weapons systems and troop gear, the Post said
India is also pushing the Obama administration to ease the acquisition of US weapons and technology. Already this year, a high-level US government group cleared the way for Lockheed and Boeing to offer India cutting-edge radar technology for fighter jets.
India now has a shopping list that includes 126 fighter jets, 155mm howitzers, long-range maritime reconnaissance aircraft, vast cargo planes used in long-distance conflicts, high-tech helicopters and deep-water submarines. Boeing is vying with Lockheed-along with French, Russian and Swedish companies and a European consortium-for a fighter jet deal worth about $10 billion.
India is holding flight tests for the fighter jets. Lockheed and Boeing have conducted demonstration flights for Indian celebrities and defence experts.
"America's relationship to India is maturing and expanding. India is an important global player now," the Post said citing William S. Cohen, a defence secretary during the Clinton administration who is a member of the US-India Business Council's board of directors.
Agencies
At the U.S. embassy in New Delhi, defence contractors such as Northrop Grumman are sponsoring little league baseball teams, the companies' names stitched onto the uniforms, the Washington Post said in a report from New Delhi.
Almost every weekend, there are cocktails and closed-door presentations in the suites of New Delhi's five-star hotels, hosted by retired admirals and generals from the US armed forces who now work for defence firms, such as Raytheon and Northrop Grumman, it said.
"India will look back-generations down the road-at this period as a defining moment for its new, modern military," the Post cited Roger Rose, chief executive of Lockheed Martin India, which is renting half a wing of New Delhi's Taj Palace Hotel for a 12-person office.
"I think we can all see that there are a lot of threats shared between our two democracies."
With its growing military footprint, India is steering away from traditional ally Russia, its main weapons supplier, and looking toward the United States to help upgrade its weapons systems and troop gear, the Post said
India is also pushing the Obama administration to ease the acquisition of US weapons and technology. Already this year, a high-level US government group cleared the way for Lockheed and Boeing to offer India cutting-edge radar technology for fighter jets.
India now has a shopping list that includes 126 fighter jets, 155mm howitzers, long-range maritime reconnaissance aircraft, vast cargo planes used in long-distance conflicts, high-tech helicopters and deep-water submarines. Boeing is vying with Lockheed-along with French, Russian and Swedish companies and a European consortium-for a fighter jet deal worth about $10 billion.
India is holding flight tests for the fighter jets. Lockheed and Boeing have conducted demonstration flights for Indian celebrities and defence experts.
"America's relationship to India is maturing and expanding. India is an important global player now," the Post said citing William S. Cohen, a defence secretary during the Clinton administration who is a member of the US-India Business Council's board of directors.
Agencies
Can mobile phones authenticate your identity?
Move over passport and PAN card! Now the mobile phone will be used to verify your credentials, for authentication at banks, gas connection centres or while providing rural jobs, Unique Identification Authority chief Nandan Nilekani said Saturday.
"Our project will provide a unique identification (UID) number not a card. The authentication will be made by using mobile phones," Nilekani said.
"Once the numbers are issued, we will go for online authentication. Lets say, you are asking for a job under the National Rural Employment Guarantee Scheme (NREGS). The authorities will send your number to the designated points through mobile. A message will be returned saying 'Yes' or 'No'," Nilekani said.
"This will verify whether you are the person you are claiming to be," the former Infosys managing director said, delivering the Foundation Day lecture of the Council of Scientific and Industrial Research (CSIR).
"This will not require much details to be divulged. It will help provide portability to our farmers, labourers. When they move from state to state, this UID will help them get employment without hassles."
He said banks, mobile service providers, LPG gas connection counters and many more partner organisations can use this UID to verify their customer. "With the growing mobile phone network, this will become an easy process for authorities to verify people."
"It will cut down the fake or duplicate records. This will enhance the efficiency of flagship programmes like NREGS (National Rural Employment Guarantee Scheme), NRHM (National Rural Health Mission) and other such projects," Nilekani stressed.
He said his team will roll out the first batch of UIDs in the next 12 to 18 months. "In five years from now, we will issue at least 600 million UIDs," Nilekani said, terming it a Herculean task and a major challenge.
Agencies
"Our project will provide a unique identification (UID) number not a card. The authentication will be made by using mobile phones," Nilekani said.
"Once the numbers are issued, we will go for online authentication. Lets say, you are asking for a job under the National Rural Employment Guarantee Scheme (NREGS). The authorities will send your number to the designated points through mobile. A message will be returned saying 'Yes' or 'No'," Nilekani said.
"This will verify whether you are the person you are claiming to be," the former Infosys managing director said, delivering the Foundation Day lecture of the Council of Scientific and Industrial Research (CSIR).
"This will not require much details to be divulged. It will help provide portability to our farmers, labourers. When they move from state to state, this UID will help them get employment without hassles."
He said banks, mobile service providers, LPG gas connection counters and many more partner organisations can use this UID to verify their customer. "With the growing mobile phone network, this will become an easy process for authorities to verify people."
"It will cut down the fake or duplicate records. This will enhance the efficiency of flagship programmes like NREGS (National Rural Employment Guarantee Scheme), NRHM (National Rural Health Mission) and other such projects," Nilekani stressed.
He said his team will roll out the first batch of UIDs in the next 12 to 18 months. "In five years from now, we will issue at least 600 million UIDs," Nilekani said, terming it a Herculean task and a major challenge.
Agencies
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