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Tech News Flash: Monday -- February 1, 2010

Today's Headlines
Rethinking the Fortifications: Q&A With Heartland CIO Steven Elefant
The Folly of Ignoring Apple's Success
Life After Microsoft: IT Utopia or 'Apocalyptic Tailspin'?
TopXNotes: A Concierge for the Constant Scrivener
FarmVille Provides a Sugar-Coated Taste of the Ag Biz
The Point of Gadget Saturation
Study: Cellphone Bans No Boost for Road Safety

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Podcast
The Great Mainframe Shakeout (28:46 minutes)
Context applications are the plain-vanilla enterprise apps that are
there for commodity productivity reasons, not for core innovation,
customization or differentiation. IT budget planners are looking at ways
to unshackle these context apps from expensive legacy systems like
mainframes and instead run them on much lower-cost types of infrastructure.
http://www.ecommercetimes.com/shared/audio/ect-gardner-2010-01-31.mp3

Today's Story Highlights

Rethinking the Fortifications: Q&A With Heartland CIO Steven Elefant
Following a breach of its computer systems a year ago, Heartland Payment
System, one of the five largest payment card processors in the United
States, came under considerable pressure to strengthen its IT security,
and it's been embroiled in several lawsuits because of the breach.
http://www.technewsworld.com/story/69237.html

The Folly of Ignoring Apple's Success
The technology and consumer electronics markets are awash with companies
that seem to be barely meeting expectations or are, like Sony, Sun and
Yahoo, on and off death watch. They aren't alone; the relatively new
Obama administration seems to also be failing, and the latest State of
the Union address wasn't particularly inspirational.
http://www.technewsworld.com/story/69231.html

Life After Microsoft: IT Utopia or 'Apocalyptic Tailspin'?
Well, the snow continues to fall here in the Linux blogosphere, and
Linux Girl is beginning to wonder if it will ever end. Bread and milk
are still in short supply at the local FOSS-y-Mart; children are getting
cabin fever; and the snow drifts are getting taller than many netizens.
http://www.technewsworld.com/story/69238.html

TopXNotes: A Concierge for the Constant Scrivener
If there's one software category that's proven it has legs, it's the
personal information manager. Knowledge workers and computer jocks are
bombarded with a blizzard of information every day, and they seem to
never tire of programs that promise to organize it for them. TopXNotes,
recently upgraded to version 1.5, is such a program.
http://www.technewsworld.com/story/69232.html

FarmVille Provides a Sugar-Coated Taste of the Ag Biz
Even while calling Chicago home, Laura Hawkins Grimes is a country
bumpkin. Her scenic rural spread has three dairy farms, two ponds and a
log cabin, all skirted by a white picket fence as scarecrows stand
sentry over her blackberries. The best part is the 40-year-old sex
therapist never has to leave her computer to tend to it all.
http://www.technewsworld.com/story/69219.html

The Point of Gadget Saturation
Kira Marchenese works in online communications, and so she arrived on a
business trip to New York earlier this week equipped with all the
gadgets you might expect: personal smartphone, work smartphone, laptop,
iPod touch. Problem is, her hotel room didn't have enough outlets to
keep the darned devices charged. "I unplugged the lamp and still
couldn't do it," she noted ruefully.
http://www.technewsworld.com/story/69230.html

Study: Cellphone Bans No Boost for Road Safety
Laws banning drivers from using handheld cellphones while behind the
wheel don't help to reduce crashes, a study by the Highway Loss Data
Institute has found. The institute, which is affiliated with the
Insurance Institute for Highway Safety, calculated monthly collision
claims in New York, the District of Columbia, Connecticut and California
before and after these states passed such laws.
http://www.technewsworld.com/story/69235.html

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Sharekhan's daily newsletter Visit us at www.sharekhan.com February 01, 2010 Index Performance Index Sensex Nifty Open 16,339.32 4,882.05 High 16,422.02 4,918.80 Low 16,160.80 4,827.15 Today's Cls 16,356.03 4,899.70 Prev Cls 16,357.96 4,882.05 Change -1.93 17.65 % Change -0.04 0.36   Market Indicators Top Movers (Group A) Company Price  (Rs) % chg Gainers Titan Industries 1,703.70 13.67 Lupin 1,574.00 10.81 Bhushan Steel 1,584.90 10.35 Procter & Gamble 1,751.20 9.83 Tulip Telecom 1,035.15 8.86 Losers KSK Energy 167.15 -7.57 Bajaj Auto 1,714.75 -3.29 Max India 200.80 -3.16 HUL 237.10 -2.87 SBI 2,021.10 -1.79 Market Statistics - BSE NSE Advances 2,165 1,296 Declines 702 379 Unchanged 42 23 Volume(Nos) 39.66cr 75.26cr  Market Commentary  Nifty flirts around 4900 Robust January auto sales numbers combined with buying in consumer durable stocks help market recover its morning losses.  Global signals European stocks were trading mixed as FTSE 100 was trading 0.23% higher while CAC 40 was trading 0.19% down.     Among major Asian indices, Hang Seng, Nikkei and Kospi closed higher while Straits Times, Jakarta Composite and Shanghai Composite ended lower. SGX Nifty ended five points higher. US stock futures opened higher on Monday as investors eye US data for personal income and construction spending as well as the Institute for Supply Management's January manufacturing index. Indian indices Pessimistic cues from overseas markets saw the Sensex open 19 points lower at 16339 and extend its losses to touch the day?s low of 16161. However, robust January sales reading of automakers and continuous buying in consumer durable stocks helped the Sensex recoup its losses and touch the day?s high of 16422. The Sensex ended two points lower while Nifty closed 17 points higher at 4900 level. Sensex sentiment The market breadth, the number of advancing shares to declining shares, was fairly positive. Of the total 2,909 stocks traded on the BSE, 2,165 stocks advanced, whereas 702 stocks declined. Forty-two stocks closed unchanged. Sectoral & stock screening Of the 13 sector indices, only BSE FMCG (down 0.66%), BSE IT and BSE Bankex were down marginally. BSE Realty (up 5.70%), BSE HC (up 2.55%) and BSE Auto (up 1.69%) were the top gainers.  On stocks? front, Titan Industries topped the chart surging by 13.67% followed by Lupin (up 10.81%) and Bhushan Steel (up 10.35%). Among losers, KSK Energy slid the most by 7.58%, followed by Bajaj Auto that fell by 3.29% and Max India that shed 3.16%. Viewing volumes On stock turnover front, over 1.40 crore shares of India?s second biggest realtor Unitech changed hands on the BSE followed by wind turbine major Suzlon Energy (1.11 crore shares), public sector unit Rashtriya Chemicals and Fertilisers (0.71 crore shares), industrial finance company IFCI (0.71 crore shares) and Ispat Industries (0.54 crore shares). Today's major news  Ashok Leylend?s net profit in Q3FY2010 zooms by 454%; the stock rises 3.20% Titan Industries surges ahead on strong Q3FY2010 numbers; the stock shots 13.67% up Larsen & Toubro wins Rs2,155 crore orders from NFL; the stock closes 0.56% lower IVRCL bags orders of Rs1,125 crore; the stock closes 3.49% higher Mahindra & Mahindra flares up on strong vehicle sales: the stock jumps 2.70% European Indices at 16:00 IST on 01-02-2010 Index Level Change (pts) Change (%) FTSE 100 Index 5196.96 8.44 0.16 CAC 40 Index 3731.56 -7.90 -0.21 DAX INDEX 5606.00 -2.79 -0.05 Asian Indices at close on 01-02-2010 Index Level Change (pts) Change (%) Nikkei 225 10205.02 6.98 0.07 Hang Seng Index 20243.75 121.76 0.61 Kospi Index 1606.44 4.01 0.25 Straits Times Index 2736.17 -9.18 -0.33 Jakarta Composite Index 2587.55 -23.25 -0.89 Shanghai Composite 2941.36 -47.93 -1.60 To know more about our products and services, click here. ?This document has been prepared by Sharekhan Ltd. 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