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Once-commanding giant of the technology world Alcatel Lucent announced a fresh cost cutting program on Wednesday as new CEO Michel Combes plans to turn around the company's fortunes.
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It's the last day of the month and no one wants to be a hero. But the Street is struggling to find a narrative -- it's not clear where we are, so instead of broad narratives I am getting a lot of little stories. Here are a few observations...
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Dell shares were trading higher before the market's open on strong earnings and an upgrade to buy from Merrill Lynch.
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Dell reported a profit and sales that outstripped analysts' forecasts, vaulting its shares higher in after-hours trading.
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Just a few weeks ago, Dell shares sank to a six-year low. Since then, the stock has popped up 19%. Will this afternoon's earnings report add more momentum to Dell's rally?
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Speculation is rampant on how Apple CEO Steve Jobs will top last year's hugely successful iPhone, The New York Times reports.
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The browser, that porthole onto the broad horizon of the Web, is about to get some fancy new window dressing.
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Hewlett-Packard posted a higher quarterly operating margin after cost cuts, and said strong growth abroad offset some weakness in the United States, but the shares were lower Wednesday as results couldn't shake off concerns about the company's integration with acquisition target Electronic Data Systems.
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Hewlett-Packard reported a profit that exceeded analysts' expectations but matched the earnings guidance the company gave last week.
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Sony reported a surprise quarterly operating loss on Wednesday, hit by losses in its videogame division and a fall in the value of its securities holdings, but it forecast a gain in profit this year.
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Hewlett-Packard has struck a deal to buy Electronic Data Systems for $12.6 billion, seeking to boost its technology services business to better compete against market leader IBM.
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Hewlett-Packard, the world's largest personal-computer maker, is close to a deal to buy technology outsourcing company Electronic Data Systems for $12 billion to $13 billion, a source told Reuters.
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Chief executives from around Europe discussed their companies' earnings, opportunities and the challenges they face in 2008 with CNBC Europe Wednesday.
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Samsung Electronics, the world's top maker of memory chips, on Tuesday said it would cooperate with top rivals Intel and TSMC to develop bigger silicon wafers to boost efficiency in chip manufacturing.
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GDP and jobs reports are all good and fine, but the IT world has more to learn from what tech titans like Cisco have to say about the economy and the outlook for the products they sell.
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Hynix Semiconductor, the world's No. 2 memory chipmaker, said on Monday it raised contract prices for computer memory chips by about 15 percent last month and expected further increases in May.
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Japan's Canon, a leading printer and copier maker, said on Friday it would invest $575 million to build a new toner cartridge plant in the United States, prompting its shares to rise as much as 4.4%.
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Hewlett-Packard scientists reported that they have designed a simple circuit element that they believe will make it possible to build tiny powerful computers, The New York Times reports.
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Once the exclusive domain of e-mail-obsessed professionals, smartphones are now prized by consumers who want easy access to the Web, the New York Times reports.
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Samsung Electronics, the world's top maker of memory chips, beat expectations with a 37 percent rise in quarterly profit as strong sales and margins in flat screens and mobile phones outweighed weakness in chips.
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