U.S. stock markets edged up for the day Friday afternoon, but fears of an economic slowdown and concerns about the debt crisis in Europe caused technology stocks to seesaw wildly along with shares of companies in other sectors this week.
Cisco's profit in its fiscal fourth quarter fell about one-third from a year earlier, while its sales increased only 3.3 percent, the company reported on Wednesday.
A July cyberattack on Booz Allen Hamilton will not materially harm the company's bottom line, its CEO said Tuesday.
U.S. exchanges were volatile Friday after suffering their worst drop in more than two years Thursday, taking IT companies' shares down along with stocks in just about every other sector of the economy.
The acquisition of Zain's operations in 15 African countries and investment in 3G spectrum in India continued to be a drag on the profits of India's Bharti Airtel in the second quarter, the company said on Wednesday.
Ingram Micro's profits were dragged down for the second quarter in a row due to problems with an SAP implementation in Australia, the technology distributor said Thursday.
Though faring better than businesses in other sectors, technology companies have not escaped the market storm stirred up by reports of tepid economic growth and political squabbling over the U.S. deficit.
Motorola reported a loss of $US56 million, or $0.19 per share, on net revenue of $3.3 billion for the second quarter, as the phone and tablet maker continues to struggle to make 4G products.
France Télécom's revenue and net income for the first half both fell compared to a year earlier, even as subscriber numbers climbed 7 percent, it reported Thursday.
Alcatel-Lucent reported a smaller increase in revenue than analysts had expected, but returned to profit in the second quarter. For the full year, the company expects to grow faster than the market as a whole and to improve its operating margin.
Nintendo will slash the price of its 3DS handheld gaming device in Japan from mid August.
Sony reported a net loss for the three month period from April to June as the company dealt with unfavorable exchange rates, cut-throat competition in the consumer electronics business, and a hacking attack on its online gaming network.
SAP has seen software sales rebound steadily after a dip during the global recession, and is hoping to supercharge its business with forays into in-memory computing, SaaS (software as a service) and mobile applications, a business it entered with las...
SAP's second-quarter revenues grew 14 percent, driven by strong software sales in all regions, the company reported Tuesday.
SAP expects its full-year operating profits will be near the top of a previously announced range, based on strong software sales in the second quarter and "improved visibility" into the remainder of the fiscal year, the vendor said Tuesday.
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First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.