Wall Street Beat: Tech sales stay strong
Though there were some concerns about tech company earnings this week as Microsoft, SAP and other bellwethers reported results, the IT sector has helped drive markets to a solid start for the second quarter.
Though there were some concerns about tech company earnings this week as Microsoft, SAP and other bellwethers reported results, the IT sector has helped drive markets to a solid start for the second quarter.
Motorola Mobility shipped 250,000 Xoom tablets in the first month the device was available, the company said on Thursday as part of its first-quarter earnings report.
Long-time partners Huawei Technologies and Motorola Solutions have agreed to settle trade secrets lawsuits against each other, the companies announced.
In its first earnings report since becoming a standalone company, Motorola Mobility said it was profitable in the fourth quarter of 2010 and shipped more than twice as many smartphones during the quarter as it did in all of 2009.
Apple filed two lawsuits against Motorola and Motorola Mobility late Friday in a US federal court, claiming violations of its patents in multiple Motorola cell phones, including the Droid line.