SEATTLE, Jan 27- Investors wiped $35 billion off Microsoft Corp's market value on Tuesday without any clear-cut, single explanation. The panoply of Microsoft's problems included an unexpectedly soggy PC market after a buying rush sparked by the end of Windows XP, an ongoing dip in companies' spending on Office software, problems in Japan and China and a strong...» Read More
I can sum up eBay's third quarter earnings numbers in three little letters: w-o-w! The company reports 41 cents a share versus the 33 cents the Street was expecting. True, the 41 cents includes 4 cents in one-time tax benefits, but even without that, the company still beats by 4 pennies.
Intel posted a 43% increase in quarterly profit, helped by higher sales of notebook personal computer microprocessors and its restructuring efforts. Shares surged after-hours.
Steve Jobs has a message for third party software developers who have largely been shut out of the iPhone extravaganza: Call Us Up! In a sharp reversal to an earlier policy, and in an open letter from Jobs posted on Apple's web site, the company is now inviting software developers to create applications for the iPhone that would live on the iPhone's memory and not on the web.
Dutch chip equipment maker ASML said on Wednesday it received orders for 40 machines in the third quarter, broadly in line with average analyst estimates, as bookings rebounded from a second-quarter slump.
Top social network site MySpace and Web-calling leader Skype will offer MySpace members free Internet phone services in a bid to expand their user bases while fending off rivals, company officials said on Tuesday.
Microsoft said Tuesday it expects its unified communications product - the company's effort to link e-mail, instant messaging and phone systems over Internet networks - to become one of the fastest-growing segments of its $16 billion business division.
MySpace, the world's largest social networking site, said Tuesday it has signed a music video licensing deal with Sony BMG Music Entertainment supported by sharing advertising revenue.
This will be a giant week for tech stocks and tech investors, beginning with three huge names reporting earnings Tuesday: Yahoo, Intel and IBM. So rather than focus on what these companies HAVE reported, I thought I'd focus on what to expect instead.
Here's part two of my what to expect posts on tech earnings this week: At Intel, a decidedly more upbeat outlook for the world's largest chipmaker Intel: The company took the unusual step of hosting a mid-quarter financial update a few weeks ago, raising its outlook and narrowing its gross margins to a healthy 52%.
Here's part three of my outlook for tech earnings this week: IBM might be the dark horse suitor to step in and snap BEA Systems right out from under Oracle. That could come up on the company's conference call.
Nortel Networks will pay $35 million to settle civil charges filed by U.S. regulators that accused the Canadian telecom equipment company of an accounting fraud that helped it meet Wall Street expectations.
Al Gore is having the kind of dream year that conjures up an image of a man cheated by the gods seven years ago, and those gods have been looking to make good on their mistake ever since. How else do you explain the kind of blockbuster year he's having? Oh sure, the guy's won the Oscar for "An Inconvenient Truth."
Random House, the world's biggest book publisher, is considering joining a book-search project run by Google, once considered an arch-enemy by the paper publishing industry.
JPMorgan Thursday said it expected Chinese Web search company Baidu.com to report third-quarter revenue in line with the Wall Street consensus but slightly below the investment bank's own previous target.
No love from the stock market today, and frankly, not even the most rabid bulls (and I am bullish) can complain. Think about it: September retail sales was even worse than were thought; many retailers lowered earnings: energy stocks lowered earnings yesterday...
A week from today, Google will report its third quarter earnings and judging by the booming action in Google shares these past few weeks, it would appear investors are anticipating something truly extraordinary.
Is there no end in sight for Google and its shares? Last week when the company was oh-so-close to $600, I wrote that price targets would be on the move now that the company was teasing investors with yet another key milestone on its journey to the stratosphere, and sure enough, Bear Stearns revised its 52-week target to $700 just two days later.
Niklas Zennstrom, co-founder of Internet telecom group Skype, said on Tuesday he agreed the original valuation put on the company by purchaser eBay was too high.
U.S. Web giant Yahoo will subscribe for 10% of the shares to be sold by China's largest e-commerce company, Alibaba.com, according to a term sheet, in an initial public offering that is expected to raise roughly $1 billion.
Sony's U.S. video games operation has created an advertising unit that will promote brands and products inside games such as its upcoming "Home" virtual world, the company said Monday.