Cisco isn’t putting the fear of God into Hewlett-Packard over its new entry into the blade server market. But even so, Cisco is seeing a nice run-up in its stock over the last three weeks - from under $13 per share to $17.50 per share – so Cisco shareholders don’t seem to care what Hewlett-Packard thinks. But the quote from H-P’s chief executive officer bears mentioning, if only because it portends a Yankee’s-Red Sox rivalry in the multi-billion dollar blade server market. “Are we scared? No," Jim Ganthier, vice-president of H-P's blade business, told TheStreet.com. "They are coming to the …

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There’s a light trading load on Wall Street this week, with trader’s thoughts turning to visions of sugarplum martinis dancing in their heads. Anything to help forget 2008, right? Although 2009 looks like it won’t be any better. This, from Subir Gokarn, chief economist at Standard & Poor’s, Asia Pacific. “The U.S. won’t recover from a recession until 2010,” he says. Gokarn says it won’t be like the last few recessions, when the U.S. could climb out of a financial hole by itself. This time, he says, China and India will help lead the way. Other than tomorrow’s Q3 GDP …

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Leave it to a Swedish postal worker to restore some credibility to the financial marketplace. Okay, Lars. G. Nordstrom isn't exactly a postal worker - just the head of the Swedish postal service. He's been at the post since July, and is paid the U.S. equivalent of $110,000 per month for the job (900,000 kronor). Nordstrom is making news by deciding to forego his salary -- he is paid more than 45 Sweden postal workers combined -- and work for free. No special reason for the decision, Nordstrom says, he just doesn't want people "to think he's greedy", he said …

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The competition between Apple and RIM appears to be taking on Ali-Frazier status, even though both companies are taking another beating, as it were, in trading today. Apple is down 3.33%, and RIM is down 2.4% at 3:40 EST - both victims of an overall market decline that once again can be attributed to deep disillusionment over the health of the overall economy. No major economic number came out today, although the White House meeting between President Bush and President-elect Barack Obama made news all over the world. That said, it wasn't a surprise and no big economic announcement came …

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If your plan is to strong-arm customers into offering your products exclusively, you had better give them something people want to buy. With Microsoft and Windows Vista, such is not the case, and Hewlett-Packard isn't taking it lying down. HP, the world's number one PC supplier in terms of volume sales, appears to be leading a new anti-Vista revolution, of a sort. In an interesting article yesterday in BusinessWeek, Aaron Ricadela reports about "[URL=http://www.businessweek.com/technology/content/sep2008/tc2008095_077474.htm?chan=top+news_top+news+index+-+temp_news+%2B+analysis]HP's 'End Run' Around Windows[/URL]," and what a team inside the company is doing to improve the appeal of Vista by making it easier to use. Known …

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Just getting back from Virginia and an investment conference on Monday and Tuesday. A good friend of mine who runs a five-star Morningstar market neutral fund says that, for the first time in a year, he can see the clouds breaking for the financial markets. He said that large cap stocks would rise sustainably first and to expect small caps to take a while to rebound. He had an interesting point about emotional investing in tough market environments like the one we’ve seen this year, with the Dow down 13.9%. “When markets are turbulent, and people are losing money, our …

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Amidst the carnage that is Wall Street this year (the Dow Jones Industrial Average is down 20% since last October, classifying the stock market as being in official “bear” territory), there are glimmers of good news, and a good portion of it is coming from the tech sector. The latest manifestation of that is with the latest numbers from the personal computer market, which is performing better than expected. I would say “much better than expected”. According to the technology research firm iSuppli, global PC shipments are up 12% for the first quarter of 2008 – perfectly matching the 12% …

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The End.