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Shares of the world's second-largest personal computer maker were slightly lower on Friday following the disclosure that an internal audit of its accounting found evidence of misconduct, errors and deficiencies in its financial controls.
The world's second-largest personal computer maker said it is working with its auditors and management to determine whether restatements of past financial statements are needed, and to see if the control deficiencies "constitute a material weakness" in its internal control over financial reporting.
Hewlett-Packard sued computer maker Acer on Tuesday accusing the company of illegally using patented HP technology in a variety of desktops, laptops and displays sold in the U.S.
Stocks ended mixed as the major markets bounced off the day's lows following disappointing monthly housing data. "We may see some weakness, but overall we like the market. I think the direction is going to be higher," said Sebastian Leburn, chief investment officer at Weiss Capital Management, in an interview with CNBC.com.
Palm reported higher-than-expected quarterly earnings but lowered its sales outlook."The situation where the company beats and then lowers certainly serves to confirm what Motorola came out and said how price weakness is something that certainly is coming home to roost," David Garrity, director of research at Dinosaur Securities, told CNBC.
Dell, the world's second-largest personal computer maker, unveiled a low-cost PC for China, its fastest-growing market. The PC is priced from about $335 to $520.
Usually Cramer dedicates the second segment of his show to a specific company, but with all the rowdy Longhorns around, he just couldn't resist taking some questions. After all, this is the most interactive show on television.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Japanese TV supplier byd:sign Corp. has filed a lawsuit against Hewlett-Packard at a Texas court, claiming H-P had obstructed byd:sign's flat TV sales in the United States, the Nikkei business daily said on Sunday.
Cramer reiterates his stance on Big Pharma, and tells callers whether to buy or sell Gateway, Titanium Metals and more...
Despite what you’re hearing these days, tech isn’t going to bottom any time soon. Don’t get bamboozled by hopeful analysts – hope is not a part of the equation.
Cramer gives his take on Dell, Under Armour, Bausch & Lomb and more...
After a four year bull market, you need to start trading both sides of the ball.It's a schizophrenic market. Last Tuesday it sold-off violently, then came back with a vengeance. This market may be telling you that the days of buy, hold and hope are over.
The bloodletting continued today as the Dow Jones Industrial Average plunged another 120 points. When all was said and done, the blue-chip meausure lost more than 4% on the week. The scary part is that no one is exactly sure why. In such an uncertain and potentially treacherous environment, what's your next move?
The news: American International Group Inc., the world's largest insurer, on Thursday reported fourth-quarter profit rose sharply from a year-ago period weighed down by hurricane losses, but results still missed Wall Street projections. The word...
Stocks closed sharply lower on Friday, sparked by a wave of last-minute selling by investors reluctant to be in the market over the weekend.."There was just no good news that came out today to convince people to buy stocks," said Charles Rotblut, senior market analyst at Zacks.com. "There are a lot of people happy with taking money off the table and waiting until Monday to see how it unfolds."
Here’s the final trade: our guys give you tomorrow's best trades tonight.
Wall Street would be set for a dampened opening even without the rain that's falling on New York City this morning. Stocks look ready to drop on the opening but so far without the look of fury that set up yesterday's wild morning selloff. Europe is mostly weaker, though the UK market was slightly higher. Asian markets were mostly lower overnight but China was up 1.2% and Hong Kong also moved higher.
Chinese computer maker Lenovo is recalling 205,000 ThinkPad computer battery packs made by Japan's Sanyo Electric because they pose a fire hazard.
Tech bellwether Dell posted net income for its fiscal fourth quarter ended Feb. 2 of $673 million, or 30 cents a share, and revenue was $14.4 billion.
Dell just released its numbers and talk about a mixed bag. On the surface, they look OK. The company reports 30 cents a share on $14.4 billion in revenue. But because of all the turmoil at the company, the Street is all over the map in terms of expectations. Thomson says analysts were looking for 29 cents on $14.89 billion. But Shaw Wu at American Technology Research was expecting 31 cents on $15 billion, and Eric Ross at Think Equity Partners anticpated 30 cents on $15.4 billion