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Apple Chief Executive Steve Jobs said Thursday the company will offer a $100 store credit to people who bought the iPhone before an announced $200 price cut, even as investor concerns about Apple's profit margins pushed the company's shares lower for a second consecutive day.
Chipmaker National Semiconductor said Thursday its fiscal first-quarter profit declined amid lower sales, though results improved sequentially, driven by growth in wireless mobile devices.
News of an iPhone price-cut took just about everyone by surprise, not the least of whom were the 270,000 iPhone buyers that first weekend they went on sale, many of whom stood on line for endless hours to plunk down their $599 for device.
Apple Inc. unveils a complete redesign of the iPod Nano: the new iPod "Touch" with Wi-Fi, a long-awaited 160 gig iPod "Classic," what promises to be a lucrative partnership with Starbucks. But the headline that torpedoes Apple shares: the $200 iPhone price cut just two months after unveiling what became known as the "Jesus Phone."
Intel on Thursday introduced high-end processors for computer servers to compete with an upcoming new product from Advanced Micro Devices. Intel said the six new Quad-Core Xeon 7300 series processors can deliver more than twice the performance over its previous-generation dual-core products.
The Apple event is over and so is our live blogging. To read the post from the event's beginning, start at the bottom of the page. Thanks everyone, it was a blast to do. 2:20 pm ET: Event is concluding now. A little technical glitch with her beat machine, but she got that fixed and now KT is performing. Keep watching CNBC and CNBC.com. We may have a special interview coming up.
Microsoft slashed $50 from the price of its Zune digital media player Wednesday, just before Apple announced an iPhone price cut and additions to its market-leading iPod line.
Apple announced a major overhaul of its iPod line and cut the price of the iPhone. Shares fell on news that the lower-end iPhone would be slashed 33%, to $399.
Yahoo is buying online advertising network BlueLithium for $300 million in cash, building upon an expansion aimed at ending a financial malaise that has ravaged the Internet pioneer's stock price.
Chip maker LSI Corp. said Wednesday it will acquire a silicon and software maker for $85 million in cash to enhance its position in producing security software applications.
CDC Software, a unit of Chinese software, online gaming and Internet service provider CDC Corp., said Wednesday it agreed to purchase software and services provider Catalyst International Inc.
Intel Corp. plans to respond quickly to a U.S. Federal Trade Commission request for more information on a plan to merge its flash memory chip business with that of Switzerland's STMicroelectronics NV.
Corning Inc.'s Chairman and Chief Executive Wendell P. Weeks will reaffirm the glass and specialty materials company's third-quarter guidance at a conference Wednesday.
Cognos Inc., a Canadian software and information technology services provider, said Wednesday it will acquire business analytics software provider Applix Inc. for $339 million in cash.
NBC Universal said Tuesday it will sell episodes of its new fall television shows using Amazon's Unbox digital download service, after the network failed to reach an agreement with Apple Inc. last week to offer the shows on iTunes.
Gateway said on Wednesday it plans to sell its professional business segment to MPC Corp for about $90 million.
Apple, which is widely expected to announce a new line of iPods on Wednesday, has managed to stay one step ahead of the competition--so far.
U.S. lawmakers returning from their summer break are expected to consider patent law changes that have pitted two of America's most invention-dependent industries against each other.
This week's Tech Check during "Closing Bell" offers a nice cross-section of gizmo headlines and a look at the news that's likely to come from Apple next Wednesday. Get ready for a re-designed iPod, the first major changes of the device in two years. Lots of rumors about a full touch-screen, no buttons, bigger memory, the Mac OS on board, and maybe even wi-fi downloads.
The U.S. government chose ITT Corp on Thursday to take the first step toward a new satellite-based air traffic control system aimed at allowing more flights and reducing chronic delays.