Oct 20- International Business Machines Corp reported a marked slowdown in business in September and abandoned its 2015 operating earnings target on Monday, as weak client spending and a slumping software sector weighed down quarterly revenue. IBM shares fell nearly 7 percent to a three-year low, a blow for legendary investor Warren Buffett whose Berkshire...» Read More
Talk about a tale of two companies: The market's punishment on Palm was swift and harsh and it comes just a day ahead of what should be decidedly better news from another smart phone maker, Research in Motion.
I love "teardown" stories. Not the kind that builds a story subject up, then tears it down, but the lab guys who rip apart new devices, study component serial numbers and tell me what's in the guts of the product. Today's version comes courtesy of the wizards at iSuppli, and the center of attention is Apple's iPod Touch.
Palm released its second-quarter earnings and the news looks to be as dire as investors had feared. ... The disappointing news is somewhat surprising since it was just a couple of weeks ago that Palm revised its own guidance lower. It would appear these numbers today miss even Palm's own internal guidance.
NetSuite, a software maker majority-owned by Oracle Chief Executive Larry Ellison, Tuesday raised the proceeds it expects from its initial public offering, which is due later this week.
Oracle Corp. will release its second quarter earnings on Wednesday and there's a healthy amount of optimism swirling around these shares. But the stock really hasn't reacted much leading some analysts to wonder whether the company is poised for some kind of break-out, even though CEO Larry Ellison's massive selling streak, started in September, continues.
Shares of Desktop publishing software maker Adobe Systems rose nearly four percent Tuesday after fiscal fourth-quarter results and its forecast for fiscal 2008 both topped Wall Street's expectations
Desktop publishing software maker Adobe Systems said Monday its fiscal fourth-quarter profit and sales rose to beat Wall Street's expectations, fueled by strong sales of Creative Suite 3 and Acrobat.
Software maker CA said on Monday it expects to report fiscal-year 2008 profit before items of $1.06 to $1.10 per share.
Look at Palm's stock and it's almost as if investors are ready to wash their hands of the downtrodden handset maker. Talk about a fall from grace: this is the company that virtually invented the smart wireless device, and today, courtesy of siliconalleyinsider, a shocking realization that the company's stock is worth less than its balance sheet.
Portuguese company Microsoft Lda. plans to put its brand name and business up for sale on online auction site eBay on Wednesday with a starting price of $1 million, its chief executive, Ricardo Carvalho, said on Monday.
There's been a fair amount of controversy gripping the video games console wars, with each of the three major players locked in a pitched battle for market supremacy. Following Black Friday last month, a war of words even erupted when I wrote that Microsoft had claimed huge sales in the week including Black Friday.
Some companies beat so consistently they bring better-than-expected reports to an art form.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
As part of CNBC's Outlook '08 coverage, here are my eight predictions in technology for 2008. At the end of next year, we'll look back on how well I did: just don't hold my feet to the fire too closely!! Before going forward, here's a quick look back. Tech set the tone for 2007 and became a safe-haven of sorts for so many investors fleeing the financial meltdown on Wall Street and Main Street.
Come tomorrow, we get the next salvo fired in the HD DVD vs. Blu-ray saga when Universal Studios Home Entertainment lets loose the last leg of the Jason Bourne trilogy, "The Bourne Ultimatum" on HD DVD. We'll also get the new boxed Jason Bourne Collection.
Head on over to West 14th and 9th Ave. in New York's meat-packing district, and you'll see something big and bright from the fruits and veggies set: A 3-story retail bonanza courtesy of Apple Inc. It's the company's second largest store in the nation, behind its flagship store here in nearby San Francisco.
A very good source of mine with good connections to Apple's Asian manufacturing partners called me this morning with some news: Seems like Apple will be making headlines in the next few weeks and months with some of its hottest products: the iPod Touch, the iPhone and a new ultra-portable laptop.
NetSuite, a business software maker majority-owned by Oracle Chief Executive Larry Ellison, said on Wednesday that it planned to raise up to $99 million in its initial public offering.
Fast Company magazine's cover story about Apple and its fading star for 2008 hits stands today and after reading an advance copy of the article, and appearing on air yesterday with its author, I blogged about my thoughts on the criticisms.
Dell is giving its investors a long-overdue gift in the form of a $10 billion stock buyback authorized by the company's board this morning. That should mitigate some of what could be contentious comments at the company's shareholder meeting later today. Or should it?
Big media is finally grasping that the sands beneath its feet are shifting; and Vivendi's bold step for Activision may be the beginnings of dramatic change for all kinds of digital entertainment. And it's about time. George Lucas (I know, major name-dropping here) told me not too long ago, that one of the key reasons for his studio's success is the seamless integration between his LucasArts video games division and LucasFilm, his studio operation.
Get the best of CNBC in your inbox
Matt Hunter is the senior technology editor at CNBC.com.
Cadie Thompson is a tech reporter for the Enterprise Team for CNBC.com.
Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.
Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.
Josh Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.
Mark Berniker is CNBC's Silicon Valley/San Francisco Bureau Chief covering technology and digital media.
Entertainer and entrepreneur will.i.am unveiled "The Puls" smartwatch in hopes of blending fashion and technology.
Earlier Monday, IBM posted quarterly results that badly missed Wall Street expectations, which was enough to drag the entire Dow lower.
IBM posted earnings that fell short of analysts' expectations, after seeing a "marked slowdown" in September.