Lowe's Earnings Fall Short of Estimates; Shares Slide
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The game console war enjoyed a robust battle on Black Friday and we're getting indications now of new momentum for Sony's flagging PlayStation franchise, and continued mega-sales for Nintendo's Wii. Hard data from Sony indicates a strong week for its platform. The company reports that PlayStation 3 hardware sales jumped 245 percent compared to Black Friday sales a year ago.
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Activision, the second-biggest US video game publisher, raised its quarterly outlook, citing strong sales of its "Guitar Hero" and "Call of Duty" games, sending its shares up as much as 19 percent.
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Dell said it will sell Google search devices to help companies find information on their networks.
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Thought you might find this interesting. It's from the FCC and as it says, it's the official statement from Chairman Kevin J. Martin on Verizon's open network plans: CHAIRMAN MARTIN’S STATEMENT ON VERizon Wireless’S PLANS TO INTRODUCE AN “ANY APPS, ANY DEVICE” OPTION FOR CONSUMERS IN 2008.
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SAP, Europe's leading software company, said it was mulling a sale of its TomorrowNow U.S. unit, which is at the centre of a legal battle with arch-rival Oracle.
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The reviews for the new blockbuster-in-the-making Beowulf, released today, have been pretty good these last few days, but when it comes to the ground-breaking technology used to make the film, the reaction has been nothing short of overwhelming.
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U.S. sales of video game hardware and software jumped 73 percent in October, with Nintendo's Wii console regaining its spot as the top-selling console, industry data showed on Thursday.
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Sony appears to be coming up with a winning formula. Amazing what a steep price cut will do, but you can't argue with success. Howard Stringer, Sony's CEO, is on the wires saying Sony sold over 100,000 PlayStation 3 units last week, calling the results "the breakthrough we've been anticipating."
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Oracle, the world's No. 3 software maker, said on Wednesday it is on track to meet its quarterly and long-term financial targets and that it will start shipping a new product early next year.
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Applied Materials will report earnings after the bell later today and after strong reports from Intel, nVidia, and so many of the biggest names in tech, the pressure's on this company to come up with something good.
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Dell will license Sun Microsystems's Solaris operating system and build computers based on the Sun software, the companies said on Wednesday.
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Call it Turnaround Tuesday: under-bought, over-sold, bottom-fishing, bargain-hunting. Whatever it is, it seems rally-time is finally hitting tech stocks. How long it will last is anyone's guess, but looking at the wacky whiplash these stocks have suffered over the past week, today's action is welcome indeed for anyone long in tech.
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Microsoft's new family of Zunes is generating quite the buzz this week: new colors, new capabilities, and for the first time since Zune's original release, talk that Microsoft--dare I say it?--could close the gap with Apple and the iPod. Or not.
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Chalk one up for Intel Corp. The world's largest chipmaker is out to get bigger by getting smaller, thanks to the release today of its new "Penryn" family of microprocessors. These are the first to rely on a material called Hafnium, instead of the tried-and-true silicon that gave Silicon Valley its name
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IBM said Monday it plans to buy Cognos for $5 billion in cash, a deal that could help it keep pace with rivals in "business intelligence" software
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After Marc Andreessen, the Netscape and Opsware co-founder, posted some new media advice for his old media counterparts in Hollywood on his blog, his thoughts sent tongues wagging. I blogged about this Friday.
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You hear it? That strange hissing noise? Sssssssssssss. It's coming from the tech sector. What a mess. A lot of me says you knew this just had to happen, that some of the air had to come out of some of these shares. But this much?
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Microsoft said it fired its chief information officer for "violating company policies" but didn't provide details.
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Another big day for Google and its shareholders, thanks to Sanford C. Bernstein and its new $850 target on the stock. This of course comes a week after David Garrity at Dinosaur Research unleashed a $985 target.
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Business software maker BEA Systems said it would provide confidential information to shareholder Carl Icahn explaining why it rejected a $17-per-share takeover bid from Oracle.