Big Data, cloud-based computing and successful challenges against rivals Hewlett-Packard (HPQ) and IBM (IBM) could fuel a better-than-expected fourth quarter from Cognizant Technology Solutions (CTSH) when the company reports its results before the market opens Wednesday. Cognizant is a leader in global IT consulting and outsourcing services for financial services, health care, manufacturing, retail and logistics business segments. Though down
Under Google’s ownership, the Motorola smartphone business continued to fade. But China’s Lenovo aims to return the storied cellphone brand to prominence. Lenovo did it once before with IBM’s PC business, which it purchased in 2005. Last year, Lenovo surpassed Hewlett-Packard (HPQ) as the world’s top manufacturer of personal computers, thanks to its acquisition of IBM’s (IBM) PC business. “Lenovo has a proven track record of successfully embracing and strengthening great brands — as we did with IBM’s Think brand,” Lenovo CEO Yang Yuanqing said in a statement Wednesday. Lenovo is buying Google’s (GOOG) Motorola Mobility unit for $2.91 billion, including $660 million in cash and $750 million in Lenovo stock. The rest will be financed with a three-year promissory note for $1.5 billion. After the deal closes, Google will have an ownership stake in Lenovo of 4.6% to 5.6%. “The acquisition of such an iconic brand, innovative product portfolio and incredibly…
ServiceNow (NOW) is expected to show continued market share gains vs. larger rivals such as Hewlett-Packard (HPQ) and IBM (IBM) when it reports Q4 earnings after the market close Wednesday. The cloud-based enterprise software company’s rivals also include CA Technologies (CA) and BMC Software. All provide IT service management (ITSM) software designed to help companies with multiple offices to get a better handle on the growing number of requests