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.
Lenovo's profit for the third quarter nearly doubled year on year as the company continued its fast-paced growth, beating Dell to become the world's second-largest PC vendor.
Sony said Wednesday it booked a deep loss during its fiscal second quarter ended Sept. 30, and now expects to be in the red for the entire year, weighed down by poor sales of its TVs and the strong yen.
After reporting sales of 13.2 million smartphones during the third quarter, HTC is now the fourth largest smartphone vendor after having outpaced Research In Motion, according to market research company Canalys.
Third-quarter earnings reports from major tech vendors continued to pour in this week, confirming upbeat trends for enterprise software and emerging markets but mixed results for hardware and components.
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