SAN FRANCISCO, April 15- Intel Corp's first-quarter net profit exceeded Wall Street's estimates as the chipmaker wrestles with slow demand for personal computers and its chief executive officer said an ambitious goal to stake out market share in tablets was on track.» Read More
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.
Dell reported preliminary second-quarter earnings of 35 cents a share on sales of $14.8 billion Thursday, topping expectations as it benefited from lower costs for disk drives, microprocessors and other components.
Consumer electronics maker Sony introduced a new U.S. version of its Sony Walkman that includes the ability to play digital video, the latest potential rival to Apple Inc.'s dominant iPod media player.
It's been a rough year for Dell, characterized by a particularly rough quarter that saw the company try to put deep financial shenanigans behind it: the pay-out of a $40-million-plus severance package for fired CEO Kevin Rollins, trying to deal with a restructuring that cost the company 8,000 jobs, continued loss of market share to rival Hewlett-Packard and shipment problems that hurt its most recent product introductions.
Lehman Brothers upgraded mobile phone maker Motorola to overweight" from "equal weight," saying improvements in operating expenses should help the company's phone unit return close to breakeven by the fourth quarter.
Semiconductor company Sigma Designs said fiscal second-quarter profit surged as sales more than double doubled. The company said it earned $8.6 million, or 32 cents per share, compared with a profit of $216,000, or a penny a share, during the same period a year prior.
U.S. computer company Apple and German automaker Volkswagen are discussing the possibility of building an "iCar" that would feature products by the producer of the ubiquitous iPod personal music player.