Closing out June, tech stocks are up for the year but have not enjoyed the full fruits of a bull market that has boosted the Dow to its best first half since 1999, right before the dot-com crash.
BlackBerry shipped 6.8 million smartphones and recorded a US$84 million loss during the three months to June 1, as it struggles to turn around its fortunes.
Against a backdrop of market tumult, enterprise software companies this week reported mixed quarterly results.
Oracle's revenue was flat year-over-year in its fourth quarter at $US10.9 billion, while profits rose 10 per cent to $US3.8 billion, as the company reported strong growth in sales for Software-as-a-Service (SaaS) subscriptions and "engineered systems...
Buffeted by concerns about the economy and IT spending, tech stocks have gone on a roller coaster ride lately, but on the whole they've managed to hang on to gains they made earlier in the quarter.
Despite dismal forecasts for PCs and servers, tech stocks have been doing well on optimism about cloud technology and mobile devices.
PC sales in China and high growth in smartphones shipments helped boost Lenovo's net profit for its fiscal fourth quarter by 90 percent year-over-year.
Donations to WikiLeaks since January have only been enough to cover expenditures in essential infrastructure, such as servers, according to a transparency report.
Vodafone's revenue dropped 4.2 percent for its fiscal year to March 31, because of tough economic conditions, particularly in Southern Europe.
Dell reported another quarter of declining profits and revenue Thursday as CEO Michael Dell continues his fight to take the company private.
Data-center and wireless sales led growth at Cisco Systems in its fiscal third quarter, as it saw customers spending more in the U.S. and developing countries but reported continuing weakness in Southern Europe.
Foxconn's Hon Hai Precision Industry posted a 19.2 percent year-over-year decline in revenue for the first quarter, with sales likely affected by weak demand for Apple's iPhone 5, according to an analyst.
Japan's Sharp booked another huge loss on Tuesday, and unveiled its latest turnaround plan, which includes relying on partnerships with Samsung Electronics and Foxconn Technology Group for business, sacking top management, and expanding into new fiel...
Increasing confidence in the economy and a rising stock market could lay the groundwork for a revival in tech-sector mergers and acquisitions as companies embrace cloud technology and pursue game-changing software, particularly for the mobile market.
Sony made good on a promise to return to profitability after offloading a number of valuable assets last year, but its core electronics business is still losing money.
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