Against a backdrop of economic uncertainty, acquisitions and earnings news from the world's top PC makers (Hewlett-Packard, Dell and Lenovo), the biggest Internet business (Google), and a major handset maker (Motorola Mobility) marked major realignme...
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.
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.
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.
A raft of computer and software vendor financial results this week, including reports from IBM, Intel, Apple and Microsoft, revealed some record quarterly results and a healthy market for business technology, though clouds remain for segments of the ...
Google's surprisingly strong earnings helped spark renewed confidence in the tech sector in advance of a raft of vendor earnings announcements next week, as shares of bellwether IT companies led markets upward Friday.
The two-week stock market rally in technology, among other sectors of the economy, came to a screeching halt Friday as the U.S. Bureau of Labor issued its monthly jobs survey.
Tech companies this week enjoyed an end-of-quarter market rally as concerns about the recovery abated somewhat and reports from market analysts indicated that IT spending would stay ahead of overall economic growth.
Oracle, Red Hat, Tibco and Adobe this week showed that software sales, especially for products geared for the enterprise, continue to be strong even though economic worries have caused confidence in the tech sector to decline.
Concerns about the slowing economic recovery and European debt problems continue to weigh on U.S. stock markets, and tech companies are not immune from the general erosion of confidence.
IBM is celebrating the 100th anniversary of its founding Thursday. Led by American capitalist icons Thomas J. Watson, Sr. and Thomas J. Watson, Jr. until the 1970s, the company grew from a pre-World War I conglomeration of companies making tabulating...
Major U.S. stock markets on Friday closed for a sixth straight week of losses, the worst weekly losing streak since the third quarter of 2002, during the dot-com bust.
Though signs for IT remain positive this year, worries about the economy sapped investor confidence this week as a wide range of businesses, including big computer industry vendors, suffered a drop in share value.
Good news trickled in this week for the hardware sector, plagued by a slump in the traditional PC market, as Gartner reported that server sales rose during the first quarter and Lenovo proved that there is demand for PCs in emerging markets.
Excitement over LinkedIn's stunning market debut appears to have outweighed concerns this week about Hewlett-Packard and Dell earnings reports, which highlighted a desultory PC market.
