Wall Street Beat: Tech earnings help continue rally in IT shares
Tech stocks have been climbing recently as key vendors such as Cisco and Lenovo report positive quarterly earnings and the U.S. economy offers glimpses of good news.
Tech stocks have been climbing recently as key vendors such as Cisco and Lenovo report positive quarterly earnings and the U.S. economy offers glimpses of good news.
While earnings from marquee-name tech companies such as Apple and Facebook disappointed this week, sales of mobile devices and enterprise software showed signs of growth.
The U.S. International Trade Commission has affirmed a prior ruling that an Eastman Kodak patent asserted in a complaint against Apple and Research In Motion is invalid, according to a notice issued late Friday.
Apple and Motorola Mobility, now a subsidiary of Google, have separately appealed the June decision of a U.S. federal judge to throw out their patent infringement case, according to reports Saturday.
Quarterly earnings from some of the biggest tech companies in the world this week were decidedly mixed, but showed some signs of strength, particularly in enterprise IT spending.
While hardware and components makers face economic hurdles, the picture for software is getting brighter, according to earnings reports from major vendors and mid-year market research polls.
While hardware and components makers face economic hurdles, the picture for software is getting brighter, according to earnings reports from major vendors and mid-year market research polls.
Tech stocks are ending the first half of the year on an upbeat note with news that enterprise spending on software lately has been relatively strong.
Tech finally got a dose of good news this week from enterprise vendors including Oracle and Red Hat, which offered up some solid financial reports even as analysts continued to downgrade forecasts for IT spending this year.
With market forecasts looking dour and companies including Nokia and Texas Instruments trimming expectations this week, concerns for the tech sector are mounting.
Is tech heading into another downturn? Market watchers see signs of hope for the end of the year but they are hedging their bets.
June is off to a rocky in the markets for technology companies as shares slump in the wake of troubling economic reports, though cooler heads appear to have confidence in the sector for the long term.
Facebook is revitalizing its effort to create a smartphone, recruiting engineers who have experience with mobile devices, according to a story in the New York Times Sunday.
The Facebook IPO may have been a fiasco, but don't put the nail in the coffin just yet for other tech offerings this year.
Chinese regulatory authorities have approved Google's acquisition of Motorola Mobility, paving the way for the deal to close within the week, company officials confirmed Saturday.