MCLEAN, Va. _ Science Applications International Corp. on Tuesday reported fiscal fourth-quarter profit of $36 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share. Three analysts surveyed by Zacks expected $940 million.» Read More
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.
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.
Last month the music industry and Apple, long uneasy partners, seemed a picture of harmony when they agreed on new terms for pricing on iTunes, Apple’s online music store. Behind the scenes, however, the relationship remains as tense and antagonistic as ever.
Challenger, Gray & Christmas reported today the pace of tech industry job cuts jumped 167 percent in the second half of 2008, with computer, electronics and telecom firms slashing 186,995 jobs in 2008. It's the highest total since the 228,325 job cuts in 2003. And January is shaping up to be equally brutal.
Amazon has already tipped its hand a bit when it comes to earnings by calling this past holiday shopping season its "best ever, and now the question remains, is that good enough to beat the Street's expectations, and raise guidance from here forward?
Yahoo investors are preparing for the worst and hoping for the best, but those hopes are dim for any good news after the bell tonight when the company reports its fourth quarter earnings.
This is a Live Blog of what some are calling the most anticipated earnings and conference call in Apple's history. Tim Cook - the acting CEO now that Steve Jobs has taken a medical leave will be front and center.
No question these are tumultuous times for Apple Inc. , and while it's easy to be distracted by the management, or mis-management at its highest echelons —depending upon who and what you believe — let's not forget that there is a company operating beneath those headlines, and that it will report its first quarter earnings Wednesday.
Apple’s stock was hammered in after-hours trading on Thursday because, to be blunt, investors simply don’t believe Mr. Jobs' health issues are not serious.
Apple CEO Steve Jobs today sent the following email to all Apple employees:
Verizon Communications and CBS said Monday they reached new long-term program carriage deals that will help bring more CBS shows to the telecommunications company's customers.
Microsoft CEO Steve Ballmer took the stage in Las Vegas Wednesday night to kick off the annual Consumer Electronics Show, the first time he has delivered the prestigious opening keynote address, a role filled by his colleague Bill Gates for the last 14 years.
Here's the thing about technology and the technology industry: pioneers and visionaries like Microsoft, Intel, Sony and so many others didn't make their fortunes focused on today and tomorrow. They're all about the future, which is particularly important in today's current economic climate.
This is the live blog of Macworld from the Moscone Center in San Francisco, California. The keynote speech is by Senior VP of of Worldwide Product Marketing, Phil Schiller.
Apple Chief Executive Steve Jobs said a hormone imbalance is behind the weight loss that has prompted rumors about his health.
For a decade, consumers mostly ignored electronic book devices, which were often hard to use and offered few popular items to read. But this year, in part because of the popularity of Amazon.com’s wireless Kindle device, the e-book has started to take hold, the New York Times reports.
In a move likely to fuel speculation over Yahoo's search for a new chief executive, activist investor Carl Icahn has bought up close to 7 million additional shares of the Internet company, according to regulatory filings.
It's a big day for Netflix with the service going live on Microsoft's Xbox 360 platform. But there's one big thing lacking and you can thank the heated rivalry between Sony and Microsoft for it and I'm getting an earful from some of you.
Microchip maker Intel warned that its revenue would be about 14 percent below its previous forecast due to weak demand around the globe and in all market segments. The stock plunged after-hours.