Recent Articles
-
Microsoft Calls for Trade Rules Governing Software Services
By Doug Palmer WASHINGTON (Reuters) – Countries need to forge new trade rules governing the movement of electronic data across borders as the world becomes increasingly connected, a Microsoft official said on Wednesday. As more and more software services are provided over the Internet, "people will be calling on computers located around the world," said…
-
IBM Quarter Shows Higher Net Income, but No Technology Spending Rebound
IBM (NYSE: IBM) posted third quarter net income of $3.2 billion on total revenues of $23.6 billion. Revenues climbed by 1 percent sequentially and increased 7 percent from the same period a year ago, while net income climbed by 14 percent. CFO Mark Loughridge told analysts during a conference call following the earnings announcement that…
-
Laptop Sales Boost AMD Quarter Results
By Ian Sherr and Clare Baldwin SAN FRANCISCO (Reuters) – Strong notebook processor sales helped Advanced Micro Devices Inc (NYSE: AMD) post a narrower than expected loss and turn its core chipmaking business profitable, but the results failed to excite investors, who sold off its shares. The stock of the chip maker — which has…
-
Oracle’s Ellison Talks Up Sun Acquisition
By Jim Finkle SAN FRANCISCO (Reuters) – Oracle Corp CEO Larry Ellison talked up his company’s prospects after a planned purchase of Sun Microsystems Inc, saying he hopes the deal will help more than double revenue within five years. Ellison, who co-founded the company 32 years ago and built it into the world’s No. 2…
-
Dell CEO Forecasts ‘Powerful’ Computer Hardware Refresh
SANTA CLARA, California (Reuters) – Dell Inc Chief Executive Michael Dell said the business climate was improving and repeated his expectation for a "powerful" hardware refresh cycle beginning next year. While noting that there are still obstacles to the recovery, Dell sounded optimistic about the upcoming year as the tech sector makes its way out…
-
IBM Quarterly Results Due amid Cautious Hope for Recovery
When IBM (NYSE: IBM) announces its third-quarter results today after market close, they will arrive in a market that is cautiously hoping that the positive signs it has seen recently are hinting of more good news to come. And analysts have been fueling that cautious optimism. For example, this morning Bernstein Research raised its forecast for…