Intel warned on Monday that fourth-quarter revenue will be lower than anticipated due to a hard-drive shortage. The chip maker now anticipates quarterly revenue of US$13.7 billion, down from a previous n estimate of $14.7 billion.
After several days of gains, tech stocks dropped Thursday as markets declined on disappointing news from Europe, where government officials are meeting to try to solve the sovereign debt crisis afflicting several countries in the euro area.
Tech stocks looked strong Friday morning on the back of a week of upbeat surveys on small business and online spending, positive news about enterprise hardware and hopeful reports on U.S. employment and the European debt crisis.
Hewlett-Packard continues to struggle with leadership and business changes, reporting on Monday that fourth quarter net earnings dropped 91 percent over last year.
Computer stocks sagged Friday morning in the wake of continuing economic worries and mixed financial news from hardware and software vendors this week.
Wi-Fi infrastructure vendor Aruba Networks will buy Avenda Systems to expand its network security offerings and help enable BYOD (bring-your-own-device) strategies in enterprises.
Dell has reported a small dip in revenue for the third quarter, owing to weaker consumer demand for PCs, but recorded an increase in earnings.
With Nvidia and Cisco reporting results, there was some good news on the chip and networking front this week that, with the help of a successful debt offering by Italy that eased economic concerns, helped fuel a rise in IT vendors' shares Friday morn...
Cisco Systems has completed most of a major restructuring that began early this year, and on Wednesday posted revenue and profit for its fiscal first quarter that exceeded analysts' expectations.
An investigation by the US Securities and Exchange Commission has been expanded to include Computer Sciences Corp.'s business in Australia, the company said on Wednesday.
One of China's most popular Twitter-like services, Sina Weibo, said it needs better systems to stop harmful rumors on the site, but doesn't intend to force its users to register with their real names.
Adobe will cut 750 jobs and reduce its investment in enterprise software as part of a broader plan to target the fast-growing markets for digital media and digital marketing products, the company said Tuesday.
There was mixed news on PC and microprocessor market growth this week, while the Groupon initial public offering Friday showed that there are plenty of people betting that social media will continue to drive technology trends.
Bharti Airtel's third-quarter profit was hit by high interest and amortization costs related to the mobile network operator's 3G rollout in India and its acquisition in Africa.
Alcatel-Lucent reported a drop in revenue during the third quarter, but the company still made a €194 million (US$268 million) profit. However, the future looks murky, the company said on Friday.
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