Hewlett-Packard Company (HPQ) may consider buying Brocade Communications Systems Inc. (BRCD), as the latter has put itself up for sale. Brocade, which sells routers, switches and software to help companies manage networks, is scouting for potential buyers. The process is in the nascent stages and HP is a strong contender in buying the company as both companies share a similar line of business. Hewlett-Packard’s acquisition of Brocade will strengthen its grip on the networking equipment market. The company is one of the leading personal computer (PC) makers in the world. It also manufactures servers, which are used by companies in data center operations across the globe. We believe that the addition of the networking product line will increase HP’s global market share in this segment and strongly position it versus other leading PC manufacturers that are increasingly moving in the same direction. Historically, the ...

Compuware Corporation (CPWR) yesterday reported revenues of $214.4 million for the first quarter ended June 30, 2009, down 28% year over year and falling short of the consensus estimate of $217.8 million. CPWR provides software products and professional services to many of the large users of information systems around the world. It serves more than 70% of the Fortune 500 companies and has over 23,000 customers spread across many industries worldwide. GAAP EPS came in at $0.21 while non-GAAP EPS (excluding restructuring charges) came in at $0.22 beating consensus estimate of $0.13 due to strong performance by the business service delivery strategy. The divestiture of Quality Solutions fetched gains of $52.4 million. Management stated that software license fees exceeded expectations. Software license fees came in at $40.5 million compared to $61.4 million in the year-ago quarter. Maintenance fees were ...

Ness Technologies (NSTC) is a global provider of IT services. The company recently announced a multi-million dollar contract win from Latin American government. Under this contract, Ness will provide Control command and Control system to the Latin American Government.

Although this contract is expected to positively influence the revenue stream of the company going forward, but there is no clear indication about the commencement of cash flow from it. We do not expect this contract win to provide immediate support to the company's downward moving revenue flow.

This apart, Ness faces intense competition from many established firms such as Accenture (ACN), IBM (IBM), Hewlett Packard (HPQ), Wipro (WIT), Cognizant Technology (CTSH), Computer Sciences Corp. (CSC), HCL, Electronic Data Systems, GlobalLogic, Virtusa (VRTU), Persistent and Symphony Services, which is making it tough for the company to gain additional market share. The

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Caxton AssociateseCaxton Associates Hedge Fund HoldingsThis post is being written as part of HedgeFundBlogger.com's Investment Securities Tool which analyzes the holdings of hedge fund managers.Up next in the macro hedge fund tracking series we have Caxton Associates, ran by Bruce Kovner. Taken from Wikipedia, Kovner's bio is as follows: "Kovner's first trade was for $3,000, borrowed against his MasterCard, in soybean futures contracts. Realizing growth to $40,000, he then watched the contract drop to $23,000 before selling. He later claimed that this first, nerve-racking trade taught him the importance of hedge fund risk management. In his eventual role as a trader under the legendary Michael Marcus at Commodities Corporation (now part of Goldman Sachs), ...

Caxton Associates, run by well known and one of the industry’s best money manager’s, Bruce Kovner, is a $6.5 billion hedge fund.  The fund holds 1200+ stocks in its portfolio and the KEY trades (or most material trades) in the quarter are tracked at:

http://trackthepros.com/

The trades are broken down by New, Sold, added to and reduced:

New

Ansoft

Clear Channel

Electronic Data Systems

Schlumberger

Sold

ADP

BEA Systems

Burlington Northern

Du Pont

Grant Prideco

Trane

UAP

Added To:

Navteq

NRG

Qualcomm

Rockwood Holdings

Service Co.

W-H Energy

XTO Energy

Reduced Positions

Viacom