Technology: Hardware
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In a strong move to protect the privacy of Americans as they use the Internet on their smartphones and tablets, the FTC said the mobile industry should include a do-not-track feature in software and apps and take other steps to safeguard personal information.
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Stocks are winding up for a higher open as traders focus on the Fed Chairman Ben Bernanke's Jackson Hole address and President Bush's expected subprime rescue plan for defaulting homeowners. Bernanke's 10 a.m. speech has been the buzz of global markets for more than a week and it is being watched carefully for any clues on how the Fed might react...
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It's been a rough year for Dell, characterized by a particularly rough quarter that saw the company try to put deep financial shenanigans behind it: the pay-out of a $40-million-plus severance package for fired CEO Kevin Rollins, trying to deal with a restructuring that cost the company 8,000 jobs, continued loss of market share to rival Hewlett-Packard and shipment problems that hurt its most recent product introductions.
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Lehman Brothers upgraded mobile phone maker Motorola to overweight" from "equal weight," saying improvements in operating expenses should help the company's phone unit return close to breakeven by the fourth quarter.
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Shares of Apple rose sharply after the company said it will hold a product launch next week, prompting speculation that a new line of iPods will be unveiled.
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Acer's shares fell sharply in Taiwan Tuesday, one day after the Taiwanese computer maker said it would acquire Gateway for $710 million.
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Tech Data, a distributor of computer products, Wednesday posted a quarterly profit that handily beat Wall Street estimates on strong growth in the Americas, sending its shares up more than 8 percent.
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British Sky Broadcasting Group extended its offer for computer and electronic hardware manufacturer Amstrad by two weeks on Wednesday as it revealed it had received acceptances for around 85.9% of the company's stock.
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Hewlett Packard reported earnings of 71 cents a share for its fiscal third quarter, comfortably outpacing forecasts, and the company gave guidance for the fourth quarter that topped analysts' expectations.
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It's the kind of blowout quarter weary tech investors were hoping for. Just about everyone suspected that HP would beat estimates, thanks to ongoing momentum in the personal computer industry, as well as falling component prices, especially memory chips like DRAMs which have seen a 40% decline in some sectors.
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Apple unveiled a line of slimmer desktop computers on Tuesday in a long-expected update of its iMac brand, positioning it for the back-to-school and holiday shopping seasons.
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Lenovo Group, the world's No. 3 PC maker, posted on Thursday a much stronger-than-expected, nearly 13-fold surge in quarterly profit as strong corporate demand offset fiercecompetition at home.
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Computer and printer company Hewlett-Packard said Monday it will buy data center automation software company Opsware in a tender offer for about $1.6 billion, or $14.25 per share in cash.