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H-P reportedly working on copier OEM deal with Sharp
Reuters and Bloomberg both report H-P and Sharp may strike an OEM deal through which the latter will make copiers under the former's brand. Reuters adds deliveries to H-P could begin in Sharp's FY14 (ends March '14).
H-P's enormous commercial printing market reach could allow it to resell large volumes of Sharp copiers. That, in turn, could be a negative for copying giant Xerox.
The reports come ahead of H-P's Nov. 26 FQ4 report, and at a time when the IT giant's printing sales have been pressured by the growing popularity of digital document/photo-sharing.
Top pension fund: BlackBerry lacked recovery plan
Leo de Bever, the CEO of leading Canadian pension fund Alberta Investment Management Corp (AIMCo), has confirmed that his fund was involved with its peers in talks to take BlackBerry (BBRY) private.
"We’ve set a new record close on the Dow. We’re doing it in a fashion that’s not an explosion; it’s kind of a grind,” said Art Hogan, market strategist at Lazard Capital Markets.
The market’s gains have been underpinned by the belief that third-quarter earnings were better than expected, the global economy is getting better and the Federal Reserve will keep its accommodative monetary policy, according to Hogan. “That doesn’t mean they won’t taper [bond buying], but they won’t raise interest rates any time soon,” he said, referring to the Fed.
As a result, the S&P 500 has gained nearly 27% this year and has soared around 166% from its bear-market low of 676.53 hit in 2009. The Dow closed above 16,000 on Thursday, notching its 40th record close this year. It took the 30-stock index 139 trading days to climb 1,000 points from its first close at the 15,000 level on May 7, making it the sixth fastest 1,000-point gain for the Dow.
Janet Yellen, nominated to succeed Ben Bernanke as head of the Fed early next year, is expected to continue the central bank’s efforts to boost the economy and lower unemployment.
U.S. stocks have had a record-breaking rally this year, buoyed by the improving economy, low inflation and the Federal Reserve’s accommodative monetary policy.
The Fed has vowed to keep interest rates low for an extended period and has also been pumping $85 billion a month into the economy via its bond-buying program.
Alcatel-Lucent to provide Japanese cable operator Tonami Satellite Communications Television with Ultra-Broadband Access solution
China Mobile selected Alcatel-Lucent to deploy 11% of their new LTE network, consisting of more than 200,000 TD-LTE base stations, by the end of 2013.
China is now the world's largest market for mobile data services and smartphones, increasing at a rate of more than 50 percent each year.
-- Alcatel-Lucent has been awarded contract covering 24 percent of the Evolved Packet Core network needed by China Mobile to support its nationwide 4G LTE network.
-- Under the contract, Alcatel-Lucent will provide a solution consisting of:
-- Alcatel-Lucent 7750 Service Router - Mobile Gateway
-- Alcatel-Lucent 9471 Wireless Mobility Manager
-- Alcatel-Lucent 5620 Services Aware Manager (SAM)
-- China Mobile (CMCC) has more than 750 million subscribers, which accounts for more than 60 percent of the total mobile subscriptions in the country. CMCC is deploying TD-LTE to help meet the ever-increasing demand for mobile Internet, video and data in the world's largest smartphone market.
-- Alcatel-Lucent's supply of the Evolved Packet Core to China Mobile underlines the focus of The Shift Plan, the company's industrial repositioning as a specialist vendor of IP Networking and Ultra-Broadband Access.