For Immediate Release
Chicago, IL – February 23, 2010 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Cisco Systems (CSCO), Hewlett-Packard Company (HPQ), 3Com Corp (COMS), Qlogic Inc (QLGC) and International Business Machines (IBM).
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Here are highlights from Monday’s Analyst Blog:
Cisco & H-P in Head-On Battle
Networking giant Cisco Systems (CSCO) has formally announced that it will be breaking off ties with longtime partner, Hewlett-Packard Company (HPQ). In an official blog posted Thursday, Cisco SVP of Worldwide Channels, Keith Goodwin stated that H-P’s system integrator contract, due for renewal on April 30, would be set aside. As a result, H-P would cease to be a Cisco Certified Channel or Global Service Alliance Partner.
The announcement comes as no surprise, since there has been ample evidence of a fallout between the companies over the past year. First, Cisco entered the server market with its blade servers in early 2009. H-P also launched its ProCurve line, directly snatching Cisco customers by offering them discounts for switching to H-P.
Next, Cisco announced its Unified Computing System (UCS), which is basically intended to reduce the number of computing devices in a computer system (or data center), thus making the entire system more dependent on intelligent networking gear and generating significant costs savings to the customer.
Cisco’s strategy was a blow to H-P, and the company turned to 3Com Corp (COMS) to acquire cheaper networking expertise. Recently, it also partnered with Qlogic Inc (QLGC) to sell their fiber channel switches as scalable SAN solutions along with its own server and storage products.
While Cisco’s UCS could be successful, the company is fighting alone. The philosophy behind its new system automatically alienates not just H-P, but all the other big computer makers, such as International Business Machines (IBM).
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