Oct 22- Security software maker Fortinet Inc reported better-than-expected quarterly profit and revenue as businesses spent more to protect their networks and data. Fortinet's net income fell to $41.1 million, or 2 cents per share, in the third quarter ended Sept. 30, from $11 million, or 7 cents per share, a year earlier as it spent more on marketing and research...» Read More
The Amazon news is striking on so many levels: Like Apple, expectations were high; like Apple, the pressure was on; like Apple, this company was expected to perform well even in the face of severe financial meltdowns around the world. And the company delivered, delivered, delivered.
Linux distributor Red Hat is seeing increased demand for its products even as the recession forces many companies to slash their IT budgets, said Red Hat CEO James Whitehurst.
Microsoft and the Justice Department agreed to extend some portions of federal antitrust oversight for 18 months, according to court papers filed Thursday.
It's no secret that talks between Sun Microsystems and IBM have collapsed; and it's no secret, based on my earlier reporting that Sun has re-approached IBM and that IBM has rebuffed the overture. Again. But what's the real reason behind IBM's decision to walk?
It's not often the CEO's comments can overshadow an entire earnings report, but that's what might be happening with Intel and the company's first quarter report.
This was going to be a dicey quarter no matter how you slice it for Intel, with analysts anticipating a paltry 2 cents a share in earnings and the very real possibility that the company could report its first loss in something like 87 quarters.
Sheesh, suggest for a moment that Microsoft might have a winning message to deliver and wow does that burn you guys up!
For the first time, Microsoft is aggressively going after Apple in a new advertising campaign that will try to undo the damage it suffered from Apple's "I'm a Mac/I'm a PC" ads, from which Microsoft is still trying to recover.
It was just a couple of months ago that Google confirmed that it would be cutting 100 employee recruiters, its first layoffs, and so symbolic in the wake of the nearly 14,000 workers the company has hired over just the past three years.
Oracle reported a profit and sales that surpassed Wall Street's expectations, and shares of the business software company popped more than 7 percent after hours. Oracle also declared its first-ever dividend.
It looks like Apple will be updating its iPhone operating system with the company scheduling an event on St. Patrick's Day next week. But the event itself might be more newsworthy than you think, especially given the current climate in Cupertino.
Apple's new line of Macs unveiled today signal an incremental "refresh" of the aging line of computers, but was hardly the redesign some Macophiles were hoping for.
The company's fourth quarter earnings report is particularly devastating since the company comes up way short as far as Wall Street expectations are concerned, even though analysts have been falling all over each other over the past week to lower estimates.
Dell will release its fourth quarter earnings after the bell tonight, and despite some draconian cost cuts and a rock-bottom share price, it is an unattractive investment. And will be for the foreseeable future.
Apple will not be streaming the event to its website, a restriction it has historically used. Nor, I'm told, will Apple allow any communication devices into the event so those of us trying to cover it can live blog. No Blackberrys. No iPhones. No laptops of any kind.
For the first time since returning to Apple's C-suite back in 1997, Steve Jobs will not preside over the company's annual shareholder meeting which begins later this morning at 10am PST.
I just got finished speaking with Paul Otellini, Intel's CEO, about his company's massive expansion plans, announced earlier today, and he tells me while his news wasn't enough to turn red ink into black on Wall Street, it did bring a smile to the face of at least one person.
Anyone who has covered Intel during its 41-year history knows the company's strategy during tough economic times: You gotta spend money to make money, with today's announcement, Paul Otellini set a new standard.
NetApp is seeing huge call volume Monday, ahead of its quarterly report Wednesday after the close. ... NTAP was above $26 in September, but bottomed at $10.39 in early November. Since then the data storage company has steadily climbed; at one point today the shares reached $16.74 after a Barron's article called the company recession-resistant.
There may be a method to Cisco's madness when it comes to earnings announcements, and not running with the pack. The company reports after the bell tonight, and comes two weeks after the flood of tech earnings began.
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.
There's so much capital being poured into some tech start-ups that they're just burning cash, says venture capitalist Bill Gurley.
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.