Archive for January, 2011

Magic Software Enterprises: The Trend Continues Higher

January 28th, 2011

SmarTrend identified an Uptrend for Magic Software Enterprises (NASDAQ: MGIC) on July 27, 2010 at $2.50. In approximately 6 months, Magic Software Enterprises has returned 237.2% as of today’s recent price of $8.43.
In the past 52 weeks, shares of Magic Software Enterprises have traded between a low of $1.55 and a high of $8.74 and are now at $8.43, which is 444% above that low price.
Magic Software Enterprises is currently above its 50-day moving average of $6.83 and above its 200-day moving average of $3.59. Look for these moving averages to climb to confirm the company’s upward momentum.
In the last five trading sessions, the 50-day MA has climbed 5.2% while the 200-day MA has risen 3.48%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Magic Software Enterprises shares.

Source:-http://www.benzinga.com/press-releases/11/01/c816518/magic-software-enterprises-the-trend-continues-higher-mgic

Anantara Vacation Club Selects SPI Software

January 28th, 2011

Timeshare software technology leader SPI Software is pleased to announce its suite of software specifically designed for timeshare resorts has been selected for installation by Anantara Vacation Club Pte Ltd, a newly developed, points-based vacation club offering resort destinations in Thailand.

“SPI’s Orange 7 suite of software is fully scalable to provide Anantara Vacation Club with the ability to handle a virtually unlimited number of users, resorts and clients,” observed SPI VP of Sales Matt Brosious. “Orange 7 is particularly attuned to providing the functionality a vacation club needs, such as the ability to accept multiple currencies, handle all facets of a points program and provide consumers with self-service Internet access.”

Assisting in the development of Anantara Vacation Club is International Resort Development Services Inc. (IRDS). IRDS was formed by Harold Derrah in 1995 to provide consulting services to major tourism operators.

Source:-http://www.hotelinteractive.com/article.aspx?articleid=19506

ntel Offers Free Software Stack for Fibre Channel Over Ethernet

January 28th, 2011

The product has been in development for some time, but now Intel has officially released free software for Fibre Channel Over Ethernet (FCOE). Called “Open FCOE,” the software can help ease data center migrations to a single network infrastructure. It currently supports Windows, Red Hat and SUSE Linux operating systems; EMC and NetApp storage platforms; and Cisco and Brocade Communications switches.

Crehan Research analyst Seamus Crehan reports that enterprise adoption of FCOE has been doubling each year. This new software could speed adoption even more.

Source:-http://itmanagement.earthweb.com/daily_news/article.php/421082/Intel-Offers-Free-Software-Stack-for-Fibre-Channel-Over-Ethernet.htm

Microsoft profit tops estimates

January 27th, 2011

The world’s largest software maker, Microsoft Corp., reported better than expected second quarter net income Thursday of $6.63 billion US, compared with $6.66 billion in the same period last year.

That amounted to 77 cents per share compared with 74 cents, because the company has been buying back its stock.

Analysts surveyed by FactSet had forecast net income of 69 cents per share.

Much of Microsoft’s business depends on selling copies of the Windows operating system and Office desktop software.

Revenue plunged 30 per cent in the Windows division to $5.1 billion, in a quarter when worldwide personal computer shipments only grew about three per cent.

However, the division that sells Office software, the Sharepoint online collaboration system and other business programs, saw revenue rise 24 per cent to $6 billion.

Strength in the entertainment and devices division, which is responsible for Xbox 360, also helped make up for weak Windows sales.

Microsoft said it sold eight million of its new Kinect motion-sensing controllers for video-game systems, helping push revenue for the segment up 55 per cent to $3.7 billion.

In all, Microsoft’s revenue edged up five per cent to $20 billion, topping analysts’ expectations for $19.2 billion in revenue.

Source:-http://www.cbc.ca/money/story/2011/01/27/microsoft-earnings.html

Social study software could pay students for sharing notes, discourage class attendance

January 27th, 2011

You can buy just about anything on the internet — students may be able to add a class’ worth of notes to that list.
Scholastic publishing company McGraw Hill developed a website for academic networking where students can be paid to upload lecture notes, study guides and information pertaining to current class projects or writing assignments.
The Chronicle of Higher Education recently published an article describing a student who received nearly $200 from McGraw Hill for publishing 65 lectures during one semester.
The primary issue is the quality and content of information being posted by students said Alan Rudy, an associate professor of sociology, anthropology and social work at Central Michigan University.
“The social networking software being described tends to be more of a ‘buyer beware’ development,” Rudy said. “Students relying on good notes through networking sites wouldn’t provide the comprehension involved with actual classroom interaction.”
Colleges like Emory University and the Georgia Institute of Technology are independently developing networking software to turn a profit instead of providing information for free. Their web based OpenStudy provides 11,000 users access to 50 courses for a small fee and is largely based on Massachusetts Institute of Technology’s OpenCourseWare.
Northville senior Adam Jankovich believes these websites should definitely pursue further development if they can provide quality information.
“In health studies so much of the material is hard to comprehend independently and I feel being able to access other students’ information would benefit anyone dealing with the stress of higher education,” Jankovich said.
Aside from questionable quality, copyright infringement may also be an issue for students attempting to profit from ideas shared during lectures.
Timothy Boudreau, associate professor of journalism, said there is definite evidence of copyright infringement if the professor lecturing has presented the class with a written outline for the material being shared.
“I don’t believe this information could be considered intellectual property theft,” Boudreau said. “But if a professor did present some form of written material and a student tried to profit from ideas based on that material there would most certainly be an issue of copyright infringement.”
A bigger problem could be the incentive to skip class if all course material was available through the internet Monroe senior Nikolas Tsipis said.
“I’m sure several students would utilize this software to skip class or find quicker ways for cramming before exams.”

Source:-http://www.cm-life.com/2011/01/27/new-social-studying-software-could-pay-students-for-sharing-notes-could-discourage-class-attendance/

Microsoft Financials Buoyed by Gaming, Office Software

January 27th, 2011

Microsoft tallied US$19.95 billion in revenue for the quarter ending Dec. 31, a record second-quarter high for the company, it said Thursday.However, revenue growth compared to the same quarter a year ago was moderate, either 5 percent or 15 percent, depending on how the numbers from a year ago are counted.

Microsoft had added on $1.71 billion in deferred revenue reflecting the pre-order sales of Windows 7 made available in October 2009 in its second-quarter results last year. When this deferred revenue is factored in, second quarter growth rates for revenue is 5 percent. Without this figure factored in, the growth rate was 15 percent.

The company also rang up $6.63 billion in net income for its second quarter of fiscal 2011. Diluted earnings per share were $0.77 per share, another second-quarter record high.

The company’s gaming and business sales led the growth, according to the company.

Revenue from Microsoft’s Entertainment and Devices Division, boosted by the success of the Kinect sensor and associated Xbox 360 consoles, grew by 55 percent from a year ago. The company noted that 8 million units of Kinect were sold within 60 days of its launch.

Revenue from the Microsoft Business Division revenue grew 24 percent, fueled by the steady demand of Office 2010, released last June. “Office had a huge quarter, exceeding everyone’s expectations” said Kevin Turner, Microsoft chief operating officer, in a statement.

Microsoft also announced that has now sold over 300 million Windows 7 and that the Internet Explorer 9 beta has been downloaded over 20 million times.

In this quarter, which ended December 31, bought back $5 billion in stock and declared $1.3 billion in dividends.

Source:-http://www.pcworld.com/businesscenter/article/218011/microsoft_financials_buoyed_by_gaming_office_software.html

Cleveland Golf/Srixon Chooses Magic Software

January 27th, 2011

Cleveland Golf/Srixon, a manufacturer of PGA tour proven golf equipment, has selected Magic Software to provide information technology system integration between Cleveland Golf’s eCommerce and Enterprise Resource Planning (ERP) systems, Magic Software has announced.
Magic Software’s iBOLT Integration Suite has been chosen by Cleveland Golf/Srixon, of Huntington Beach, Calif., a subsidiary of SRI (News – Alert) Sports, Ltd. of Japan, a Sumitomo Company, to orchestrate business processes and provide needed integration between Shopatron eCommerce and Oracle JD Edwards World ERP software.
Cleveland Golf also chose Magic Software for its data transformation, messaging and routing capabilities for IBM (News – Alert) Power7 Systems running IBM i.
Magic Software Enterprises is a global provider of application platforms and business integration solutions. Our business technology gives partners and customers the power to efficiently build, deploy, and integrate IT applications.
“Now that Cleveland Golf/Srixon has the infrastructure in place to automate business processes, Magic Software is eager to assist them with the implementation of integration projects through the offering of technical support and services,” said Regev Yativ, CEO of Magic Software Enterprises Americas. “We look forward to a long and fruitful business relationship with this highly respected leader in the innovation of new golf products and technologies.”
Cleveland Golf was looking for a better way to automate the integration between the company’s distribution system and its electronic commerce systems supporting the online market. By providing a stable interface platform, Magic Software gives them the ability to integrate, interface and deliver information needed by the company’s employees, management and customers, the company has stated in a press release.
Recently, the company announced a cooperation agreement with comselect GmbH. A top full-service provider of customer management systems, comselect has outstanding expertise in services based on the salesforce.com customer relationship management or CRM platform. These include strategic consulting; marketing; sales optimization; customer acquisition and retention; and CRM. Magic Software’s iBOLT for salesforce.com will be now used by comselect to integrate salesforce.com into its customers’ IT landscape.

Source:-http://sports.tmcnet.com/applications/articles/138951-cleveland-golfsrixon-chooses-magic-software.htm

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