BlackBerry said it plans to release security updates for Android and iOS devices by Friday to address the "Heartbleed" security threat.» Read More
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
Business software maker Oracle will buy Hyperion Solutions for $3.3 billion in cash, renewing a shopping spree aimed at toppling rival SAP.
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.
Former Hewlett-Packard chairman Patricia Dunn and former HP board member Tom Perkins are engaged in a new war of words over last year’s leak scandal at the giant technology company, the Wall Street Journal reports.
The U.S. patent process takes an average 44 months -- a woefully slow rate for the rapidly evolving technology sector. That's just one of the challenges being tackled at the first-ever Technology Policy Summit in San Jose. CNBC's Silicon Valley Bureau Chief Jim Goldman reports.
Here's what Cramer thinks about Applied Materials, Prudential, Petrohawk Energy, Tronox and more.
Stocks closed mixed after the January consumer inflation report and higher commodity prices weighed on the broader market. "I think the stock market was more adversely affected than the long end of the interest rate market, but stocks have had such a nice run, I think people just used the Consumer Price Index as an excuse to take some money off of the table," Lou Brien, strategist at DRW Trading Group, told CNBC.com.
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.
Inflation data and the Fed's meeting minutes could be two big drivers for the markets today. So far, stocks look weak-to-flat ahead of the opening after yesterday's late-day rise to yet another record level. Hewlett-Packard is trading lower in Europe after reporting earnings after the bell yesterday. Wall Street is apparently unhappy with its outlook, after its report of a 26% rise in profits on strong printer and PC sales.
Stocks are waffling on the opening and look set to open flat to lower. Traders are picking through headlines on mergers and earnings news, including weaker-than-expected results from Home Depot. Wal-Mart also reported profits this morning, and merger news is making headlines as Wall Street reviews the long awaited marriage of Sirius and XM Satellite radio, announced yesterday.
Driven by soothing words from the Fed Chairman and the market's own mania for deals, stocks closed out last week on a high note. This week, traders will be ready to pounce on any news that will reinforce the view that the Fed might cut rates this year after all.
What many see as outrageous or obscene compensation for chief executive officers is back in the limelight after some high profile pay packages lately. The WEF meeting is tackling the issue by asking basic questions: What’s an appropriate level for top managers? Who defines “appropriate” and how? Should a CEO’s pay be linked to the company’s performance? The contrarian view is that there is little or no direct link between pay and performance and coupling the two might be detrimental because CEOs would cut corners to boost their pay, eroding the company’s long-term prospects. (More)
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.
Stocks inched their way to a positive close after a sharp reversal in oil eased selling pressure and a late buying spree broke out in internet stocks.
Eastman Kodak is introducing a line of desktop printers and low cost replacement inks on Tuesday, as the photography company takes on a market dominated by Hewlett-Packard.
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.
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
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.