Betting on technology companies proved to be a dangerous game in March as sharp stock declines burned some prominent hedge fund investors.» Read More
Google dominated the search arena, and then seized vast chunks of the e-mail market from Yahoo! and Microsoft's MSN. Now Google is taking aim at Microsoft's nearly universal office applications. But will Google's subscription-based Apps Premier Edition shake the House that Bill Gates built? Two analysts weighed in on "Morning Call."
The data storage company gave a revenue forecast that was above average analyst expectations, though its net profit estimate was roughly in line.
Stocks ended the day higher as investors evaluated a mixed batch of quarterly earnings reports and energy stocks moved higher on a spike in oil prices.
EMC, the world's largest maker of data storage gear, said on Tuesday its quarterly profit more than doubled, boosted by a tax gain and higher software and systems sales.
Stocks in the U.S. for now look set for a firmer open on what promises to be a busy day in the markets and a busy day on CNBC. Our correspondents are at major conferences across the U.S. Phil Lebeau is at the auto show in Detroit, where the industry is unveiling new products. Jim Goldman is bringing us the latest tech gadgets from the Consumer Electronics show in Las Vegas....
EMC, said it plans to cut 1,350 jobs, 100 more than the company announced in October, and will post a pretax charge of $175 million.