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LATEST ARTICLES
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Brocade Announces Availability of File Virtualization and Management ...
SAN JOSE, Calif., Nov. 19 /PRNewswire-FirstCall/ -- Brocade(R) (NASDAQ: BRCD) , a leader in data center networking solutions that help enterprises connect and manage their information, today announced that IBM (NYSE: IBM) has added the Brocade StorageX(R) file virtualization and management software solution to its portfolio under the name IBM System Storage N series Virtual File Manager(R) (VFM(R)). Through the original OEM agreement that Brocade and IBM have had since 1999, this latest offering provides IBM and Brocade customers with a comprehensive and cost-effective solution for solving some of today's most pressing file data management challenges in distributed heterogeneous environments, including business continuity, consolidation, migration, and remote office data management. "As another top-tier partner brings Brocade FAN solutions to market, we are provided with further validation that the file management market is growing at a rapid pace," said Tom Buiocchi, Brocade Vice President of Worldwide Marketing. More>>
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China's growth is an example for Africa
Its significance cannot be under-estimated at a time when Beijing is actively building its contacts with Africa. Chinese leaders have always stressed the importance they attach to the continent. And both Chinese and African leaders have stressed the need for a "mutual consolidation" of their relationship. As China prospers, its role as a developmental model for Africa becomes more and more important. Chairman Mao's famous advice to "teach how to fish instead of giving developing countries the fish" is often quoted by African leaders. And China's phenomenal "indigenous development" is held in high esteem in Africa, especially in recent years, with African leaders attempting to emulate the nation's sustainable development. The present Chinese leadership has also been generous in providing assistance and technology transfers to African nations, especially coinciding with this year's African tours by President Hu Jintao, Premier Wen Jiabao and Foreign Minister Li Zhaoxing. More>>
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Life Won't be Easy for Carry Traders
The manufacturing sector is already in a recession and we expect it to remain that way, therefore the PMI and ISM numbers should not be dollar positive. Life Won't be Easy for Carry Traders We have stressed all week that even though carry trades are rallying, traders need to be careful because the current environment is not conducive for Japanese Yen crosses. Carry trades live and die by 3 things, volatility, risk appetite and the direction of monetary policy. Wednesday's 600 point intraday swing in the Dow and today's 171 point drop is volatility in action and if anything, traders have grown more risk averse with the Soc Gen incident. In addition, in times of US recession, one of the currency pairs that gets hit the hardest is EUR/JPY. We do not expect the rally in the Yen crosses to last, especially since these currency pairs were exceptionally weak on Friday. More>>
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