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The Boeing Company’s (NYSE:BA) CH-47 helicopters and the V-22 Osprey aircraft were among a number of programs for which long-term contracts were authorized through the compromise 2013 defense budget deal which was negotiated by the United States House of Representatives and the Senate. Late Tuesday, a spending amount of $631 billion for the bill was reached, which is mostly in-line with the Obama administration’s request, according to Defense News.
Hewlett-Packard Company (NYSE:HPQ) updates its service virtualization software which allows developers a broader palette upon which to test their programs. Roi Carmel, a company senior director of product management for its application life cycle management software, said that HP Service Virtualization 2.3 can now imitate the behavior of JDBC (Java Database Connectivity) database calls and also simulate in-house applications running over TCP/IP.
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International Business Machines Corporation (NYSE:IBM) will purchase StoredIQ. Financials of the deal were not reported.
Microsoft Corporation (NASDAQ:MSFT) could see Taiwanese smartphone maker HTC as an important partner because the Asian firm makes “beautiful” devices that could enable Microsoft to gain market share, said an IDC analyst to Bloomberg. Microsoft Chief Executive Steve Ballmer often contacts his HTC counterpart and the former has featured an HTC device in many of its ads.
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