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Sounds kind of dirty, right? Actually, it's because of a clean visual that technical analysts use this term. Technical analysts like charts (hence their nickname of "chartists"), and they like to give certain patterns they see neat little names.
Such is the case with the double bottom, which looks on a chart like, well, a double bottom. Think of three mountains (on a chart reflecting a rise in values) separated by two valleys (representing dips in value). The troughs of the valleys, and the size of the first two peaks, are generally the same, so the chart looks like the letter 'W.' The appearance of those two valleys represents a double bottom.
So what? Well, if you're one of those folks who believes in the power of the charts, seeing a double bottom suggests a long-term trend is about to reverse. So, if a stock chart shows shares falling for several months, then seeing a double bottom, chances are good (according to the chartists) that the shares will rise. And vice versa.
But, beware: charts can be a great tool, but they're more art than science. Use any charts with caution.
Home / Markets / Industries / Technology
Wednesday, July 09, 2008
Juniper Networks Selects IBM for Data Center Hosting Agreement
Comtex
SUNNYVALE, CA and ARMONK, NY, Jul 09, 2008 (MARKET WIRE via COMTEX) ----IBM (NYSE: IBM) and Juniper Networks, Inc. (NASDAQ: JNPR) today announced they have signed a five-year, data center hosting agreement with IBM to support Juniper's global operations.
As part of the agreement, IBM will provide Juniper with a next-generation, global hosting environment to support its enterprise resource planning (ERP) and customer relationship management (CRM) application deployments worldwide. IBM will host Juniper's operations from its new energy-efficient "green" data center in Boulder, Colorado. The center features leading-edge technologies and services, including high density computing systems utilizing virtualization technology, along with energy efficient power and cooling technologies. Juniper will utilize IBM's latest microchip technology, System p servers, BladeCenter technology and enterprise storage, along with Juniper Networks' high-performance network infrastructure including routing, switching and security elements, all powered by JUNOS(TM) software. In addition to the Boulder facility, IBM will provide management and support at a second site for quality assurance.
"In tandem with our continuous focus on addressing the high-performance networking requirements of our global customers, we remain equally focused on achieving operational excellence in each and every aspect of our own business," said Michele Goins, chief information officer, Juniper Networks, Inc. "We turned to IBM for an innovative and environmentally friendly solution to scaling our IT infrastructure and business-critical application deployments in-line with the escalating demands of our business."
"By partnering with IBM, Juniper will have access to energy efficient data center technology and hosting services, freeing them to focus on serving their customers," said Bronwyn Guthrie, IBM vice president, Strategic Outsourcing, Americas. "The robust hosting solution will create a highly scalable and flexible platform for Juniper's business operations."
The agreement was signed in June of 2008.
About Juniper Networks
Juniper Networks, Inc. is the leader in high-performance networking. Juniper offers a high-performance network infrastructure that creates a responsive and trusted environment for accelerating the deployment of services and applications over a single network. This fuels high-performance businesses. Additional information can be found at www.juniper.net.
Juniper Networks and the Juniper Networks logo are registered trademarks in the United States and other countries. JUNOS is a trademark of Juniper Networks, Inc. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.
About IBM
For more information, visit www.ibm.com/services.
Media Contacts: Jenna Gable IBM Corporation (917) 472-3512 gablej@us.ibm.com Michael Hakkert Juniper Networks (408) 936-8342 mhakkert@juniper.net
SOURCE: IBM
mailto:gablej@us.ibm.com mailto:mhakkert@juniper.net
Copyright 2008 Market Wire, All rights reserved. ********************************************************************** As of Saturday, 07-05-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 06-27-2008 for IBM @ $120.46. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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