DELL'S DOLDRUMS: Slumping personal computer maker Dell Inc. is still having trouble adapting to a market increasingly dominated by smartphones and tablets. POINT: The dismal performance could help Dell's board persuade more shareholders to accept a $24.4 billion buyout offer from CEO Michael Dell and other investors.
SAN JOSE, Calif.-- Brocade Communications Systems Inc., a maker of computer networking technology, said Thursday that fiscal second-quarter sales fell because of a slowdown in the storage market. Net income rose 20 percent, to $47 million, or 10 cents per share, in the February-April quarter, from $39.3 million, or 8 cents per share the year before.
SAN FRANCISCO, May 16- Dell Inc, the subject of a takeover battle between activist investor Carl Icahn and the company's billionaire founder, reported a 79 percent slide in profit as personal computer sales continued to shrink.
*Cisco shares rise 9 pct in early trading. Aug 16- Shares of Cisco Systems Inc jumped 9 percent on Thursday as a dividend hike and share buyback plan overshadowed comments that business conditions in Europe would not improve anytime soon for the network equipment maker.
*Wal-Mart falls after earnings miss. Cisco Systems led gains in both the Dow and Nasdaq Composite with a 12 percent surge after the network equipment maker posted a higher-than-expected quarterly profit and said current-quarter revenue could increase. Cisco shares shot up 12.3 percent to $23.82 after hitting $24.24, the highest since November 2010.
NEW YORK-- Cisco shares soared before Thursday's opening bell after the networking equipment company posted better-than-expected results for its most recent quarter. In premarket trading, Cisco shares jumped $2.20, or 10.4 percent, to $23.41. Citi analyst Kevin Dennean backed his "Buy" rating for Cisco shares and boosted his price target by $2 to $26.
NEW YORK, May 15- Network equipment maker Cisco Systems Inc posted a higher than expected quarterly profit and said current quarter revenue could increase, giving some relief to investors who had worried it was being hurt by weak technology spending.
BlackBerry, renamed from Research In Motion, had been the market leader but over the past few years has bled market share to Apple Inc's iPhone and Samsung Electronics Co's popular line of Galaxy devices powered by Google's Android operating system.
ORLANDO, Fla., May 14- BlackBerry unveiled a new mid-tier smartphone device with a physical keyboard on Tuesday, the feature that still sets it apart from most rivals, and said its make-or-break new devices had put the company back on "solid ground."
NEW YORK, May 13- Dell Inc's special board committee on Monday asked activist investor Carl Icahn for details of his plan to buy the computer maker, including how he would finance a cash payout to shareholders and who would run the company if his preferred slate of board directors was installed.
NEW YORK, May 13- Dell Inc's special board committee asked activist investor Carl Icahn on Monday for details of his plan to buy the computer maker, including how he would finance a cash payout for shareholders and who would run the company if his preferred slate of board directors was installed.