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Hey everyone. I know it's been an exceedingly long time since my last post, and I'm eager to get back into the swing of things with regular, daily, and hopefully a few times a day ruminations and breaking news about the newsy things happening here in the Silicon Valley.
There's hesitancy in the stock market this morning after yesterday's cautious move upwards. As of now, stocks look set to open lower. Economic data could help set direction when we see jobless claims and personal income and spending. The 10 a.m. New York time release of the ISM manufacturing data will also be important. Asian stocks were under pressure overnight, and European stocks have retreated from earlier highs.
Microsoft on Thursday lost the first of six patent lawsuits brought by Paris-based telecom equipment maker Alcatel-Lucent, and a federal district court jury set damages at $1.5 billion.
Excluding one-time items, profit for the company's fiscal first quarter rose to $1.826 billion, or 65 cents a share. Revenue rose 11% to $25.1 billion from $22.7 billion.
Dell will pay $5 million in severance to former Chief Executive Kevin Rollins after he was replaced by founder Michael Dell in January.
Dell has hired Motorola executive Ron Garriques to take charge of all consumer products. -- the latest move in a series of management changes at the computer maker.
Dell named Solectron Chief Executive Mike Cannon to head up the computer company's newly formed global operations division, where he will oversee all manufacturing, procurement and supply chain activities.
Solectron CEO Michael Cannon has resigned to take a newly-created position at Dell where he will be in charge of all manufacturing, procurement and supply chain acitivities.
Citigroup said it will rebrand itself as "Citi" and sell its trademark red umbrella to St. Paul Travelers.
As Cisco Systems rides the wave of surging demand for increased bandwidth as consumers digest more and more video online, some are wondering if the networking giant will tug the rest of the tech industry in the same direction. But as interviews with analysts this morning on CNBC showed, the so-called “Cisco Effect” is up for debate.
The Dow Jones Industrial Average closed fractionally higher, helped by strength in Wal-Mart and Boeing, but the broader market failed to gain traction.
In a memo to Dell employees days after returning as chief executive officer, Michael Dell said the beleaguered computer maker is quashing bonuses for 2006 and reducing managers to help cut costs and steer the company back toward dominance.
On Wall Street, there’s a guilty pleasure in watching the rich and powerful stumble. After the resignation Dell Chief Executive Kevin Rollins, many investors began quietly asking where the axe might fall next. Jon Ogg, the editor of 24/7 Wall Street.com, has accurately predicted changes at the helm of Home Depot, Gap and, as we mentioned, Dell. Today on CNBC’s “Street Signs,” we asked the question that everyone is wondering.
Bears lost the Super Bowl but they might make some gains on Wall Street today. Stocks look set to start the week on a soft footing with focus on some key earnings reports and a light calendar of economic data. Merger news dominates Monday headlines.
The Dow finished at an all-time high on investor optimism about the strength of the economy.
Dell, who takes over as CEO for ousted Kevin Rollins, ends a four-year hiatus during which the company issued the largest consumer electronics recall ever, found itself the subject of a formal investigation by the U.S. Securities and Exchange Commission and lost its position as the world's largest PC maker to a rejuvenated Hewlett-Packard
Forget those primtetime soap stars, the newest drama people are talking stars Michael Dell. The 41 year-old has returned to the role of Chief Executive of the computer company that bears his name. He's replacing Kevin Rollins effective immediately. The upheaval could mark a new and compelling chapter in the company's history...
Stocks in the U.S. for now, look ready to run at the opening bell, continuing yesterday's Fed triggered rally. Some fresh data, pending home sales, auto sales, and some big earnings, including oil companies, are the headlines investors will watch today. Chinese stocks stabilized overnight, and Japanese shares rose.
Dell announced that Michael Dell will assume the duties of chief executive officer, replacing Kevin Rollins, who resigned. Dell will remain chairman of the troubled computer maker.
Microsoft’s Vista operating system has barely been on store shelves for a few hours and online gamers, a potentially big faction of Vista users, already have cause for concern. CNBC’s Jim Goldman had the story from Silicon Valley.