Rupee can fall further from current levels: Jim Walker

Top Headlines Rupee can fall further from current levels: Jim Walker Jim Walker said that Indian equities & bond markets are cheap right now. He said that India & China will become flavour of the day. Top investment ideas from experts after bloodbath on Dalal Street A day after bloodbath on the Dalal Street, most analysts are of the view that any pullback in the markets should be used as a buying opportunity. Sensex rebounds from over 2-month lows; IT stocks shine After falling over 79 points at the outset, Sensex recovered by 54.95 points, or 0.29 per cent to close at 18,774.24. Views on Stocks/Markets Indiabulls Real Estate is a good short term pick: Nikunj Dalmia IT stocks like HCL Tech, OFSS to benefit from Re fall: Rahul Singh Prefer pharma over IT space: Lalit Nambiar, UTI Mutual Fund IPO/Global Markets HK shares extend weekly losses Seoul shares hit 11-month low Nikkei marks 1st weekly gain Rupee / Gold Rupee ends at 59.27/28 Gold dips below Rs 28k levels 'Weak Re not helping macros' More 'Market' News Infosys, TCS rally in a volatile market; top gainers among Sensex stocks Even in a volatile market when the rupee continued to trade weak around 59/USD, frontline IT stocks such as Infosys and TCS rallied over 1%. Re fall to hit chemical, fertiliser, paper cos: Fitch Cmpanies in the chemicals, fertiliser and paper industries will be most negatively affected by sustained depreciation of the rupee, Fitch said. Rupee weakness affects India's credit profile: Moody's The rupee's weakness reflects economic challenges, primarily a high CAD and lower capital flows, Moody's said.

Market Round-up SENSEX 18774.24 54.95 NIFTY 5667.65 11.75 S&P500 1,588.19 -40.74 NASDAQ 3,364.63 .00 USD/INR 59.8814 .99 NSE Gainers Scrip Price(Rs.) %Change Todays Writing Instrument 10.65 + 688.89 First Winner Industries L 30.30 + 450.91 Almondz Global Securities 26.90 + 212.79 Parrys Sugar Industries L 52.10 + 185.48 ANG Industries Ltd. 17.15 + 128.67 NSE Losers Scrip Price(Rs.) %Change Celebrity Fashions Ltd. 2.50 -39.02 Future Retail Ltd. 98.60 -32.93 Money Matters Financial S 107.05 -28.39 Sambhaav Media Ltd. 1.05 -27.59 Bodhtree Consulting Ltd. 16.25 -26.97

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Issue highlights 1. LinkedIn outage prompts security concerns 2. Cisco acquires big piece of its plan to ease IT 3. INSIDER Airwatch CEO: We'll be the "breakout market leader" in mobile management 4. Verivo's middleware marries mobile apps with enterprise data 5. CISOs Need More Control as CIOs Lose Control of IT 6. Tennis pro hopes to play at Wimbledon wearing Google Glass 7. Ubuntu Touch smartphone one step closer to shipping 8. Cumulus continues the disruption at the Top of Rack 9. Stanford tries to improve 'Do Not Track' browser privacy 10. 11 Ways to Make Healthcare IT Easier WEBCAST: LogiAnalytics (formerly LogiXML) Webinar: Create Competitive Advantage, Featuring Synchology View this Webcast to hear, first-hand, how one organization transformed their client services with an analytics tool that enabled them to quickly build and deploy web-based dashboards, reports, and interactive analytics – all at a fraction of the cost of traditional BI platforms. View Now! LinkedIn outage prompts security concerns LinkedIn's domain name was temporarily redirected to a third-party server Thursday, which resulted in a service outage and potentially put user accounts at risk of compromise. READ MORE Cisco acquires big piece of its plan to ease IT Cisco this week said it would acquire privately held Composite Software, a provider of data virtualization software and services, for $180 million. READ MORE INSIDER Airwatch CEO: We'll be the "breakout market leader" in mobile management Airwatch has emerged as one of the clear leaders in mobile device management (MDM), but the company faces numerous challenges, including a rapidly evolving market that's moving away from simply managing devices and toward more complicated control of apps and data. READ MORE WHITE PAPER: F5 Networks Tackling Peak Traffic Demands in Today's Data Center As demands on data center infrastructure increase, both IT professionals and their tools will need to adapt. Learn how application delivery controllers (ADCs) can accommodate enterprise needs for performance and scalability while providing a unified platform for application services. Download the report today. Download Now Verivo's middleware marries mobile apps with enterprise data Most enterprise mobile apps are not like most consumer apps. Those differences require features not found in most consumer-focused UI design and development tools. READ MORE CISOs Need More Control as CIOs Lose Control of IT Loss of IT control requires more security oversight, policy management, enforcement and analytics. READ MORE Tennis pro hopes to play at Wimbledon wearing Google Glass A professional tennis player hopes to wear Google Glass at the famed Wimbledon tennis tournament next week. READ MORE WEBCAST: Wildpackets 802.11ac Data Rates Driving Changes in Wireless Analysis At the data rates delivered by 802.11ac, traditional WLAN analysis with USB adapters capturing traffic isn't possible. This webcast dives into 11ac, & explains what we believe will be the new standard in wireless packet capture & analysis. Watch Now. Watch Now Ubuntu Touch smartphone one step closer to shipping The recent formation of the Ubuntu Carrier Advisory Group suggests that Ubuntu Touch smartphones and tablets could be in production soon. READ MORE Cumulus continues the disruption at the Top of Rack We've seen many of the traditional vendors attacking this marketing with bigger, faster and denser core switches, each trying to one-up the other. However, the startup activity has been at the top of rack (ToR) as these new companies are trying to disrupt the status quo with software-based solutions. READ MORE Stanford tries to improve 'Do Not Track' browser privacy Stanford University has launched an online privacy initiative meant to complement Do Not Track, an effort aimed at preventing sites from recording people's Web browsing without permission. READ MORE 11 Ways to Make Healthcare IT Easier The phrase 'don't boil the ocean' is often used to describe efforts to introduce IT to healthcare organizations. These 11 tips will help healthcare CIOs make incremental changes that improve business practices without panicking end users. READ MORE WHITE PAPER: Netscout Systems Inc. Service-Oriented Performance Management Strategy This white paper is to help IT organizations adopt a management methodology that enables them to improve the user experience by focusing on service delivery management. Learn More. SLIDESHOWS Best security tools for under $3,000 Check Point wins test of eight unified threat management (UTM) devices for small business. JOIN THE NETWORK WORLD COMMUNITIES As network pros you understand that the value of connections increase as the number of connections increase, the so called network effect, and no where is this more evident than in professional relationships. Join Network World's LinkedIn and Facebook communities to share ideas, post questions, see what your peers are working on and scout out job applicants (or maybe find your next opportunity). Network World on Facebook Network World on LinkedIn MOST-READ STORIES 1. Keep the AGs away from Google's autocomplete 7. Start-up readies network-optimized Linux for data centers 2. iPad 5 rumor rollup for the week ending June 18 3. Cisco denies spying 10. Apple end-to-end encryption far from bulletproof 4. Scientist out to break Amdahl's law 8. Verizon accused of intentionally slowing Netflix video streaming 5. Latest iPhone 6 concept design inspired by Apple iOS 7 debut 9. FBI/IC3 says online mug shot 'extortion' a growing problem 6. Getting the most out of flash storage

Maine Gov's 'Vaseline' Remark Ignites Firestorm

Maine Gov's 'Vaseline' Remark Ignites Firestorm

Gov. Paul LePage made the remarks after an Augusta anti-tax rally, during which he said he would veto the bipartisan state budget bill.

Jay Man Sentenced to 5 Years for Sexual Assault

David Grover was sentenced Thursday in Franklin County Superior Court to a 10-year sentence, with five years suspended, for sexually assaulting a child several years ago.

Home Sales Grow in Maine

The Maine Association of Realtors says agents sold 1,214 single-family homes in the month of May, a jump of 17 percent from the same month a year ago.

Maine House Overrides Energy Bill Veto

Supporters say the measure is expected to generate $365 million in savings through energy conservation, and increases infrastructure for lower-cost natural gas.

Maine Governor to Veto State Budget

LePage made the announcement today at an Americans For Prosperity rally dubbed "Don't Overtax ME'' at the State House.

New Limerick Man Killed in Explosion

State officials say Budson Anderson, 79, was working on lawn equipment in a storage building yesterday afternoon, when the building exploded.

Maine Lawmakers Fail to Override Medicaid Veto

House Democrats were unable to get enough votes to override Gov. Paul LePage's veto of the bill, which would have expanded Medicaid to about 70,000 Mainers.

Former Searsport Teacher Won't Face Retrial

Charges against William Wiley have been dismissed after Maine's highest court overturned his conviction on sex abuse charges.

Harpswell Woman Takes Koi Fight to High Court

Georgette Curran last month lost her bid to ease restrictions on a state permit that allows her to have no more than 40 koi in an indoor aquarium.

Maine Man Pleads Guilty to Molestation Charges

Horace Barstow was sentenced Wednesday to serve four years of a 10-year prison sentence to be followed by 10 years of probation.

Man Gets 25 Years in New York-to-Maine Drug Case

Hasan Worthy of Portland also was sentenced Wednesday in U.S. District Court to 10 years of probation upon release.

Freeport Officially Abandons Dubious Motto

Now that Freeport's claim to be the "birthplace of Maine" has been debunked, the town will have to find a new motto.

F-15 Fighter Jets to Conduct Exercises

The practice maneuvers the Massachusetts Air National Guard has scheduled for this afternoon will reach into parts of Maine and New Hampshire.

Jeb Bush to Raise Money for Maine Gov Re-election

Bush will headline an event July 2 at a hotel in Kennebunkport, where his father, former President George H.W. Bush, has a seaside estate at Walker's Point.