The technology company beat on top and bottom lines, citing strong growth in its hardware, Xbox Live and cloud computing segments.» Read More
Qualcomm lowered its profit estimate for its fiscal first quarter, citing higher-than-expected legal costs and customer's deferred payment.
Yikes! Two major players in wireless with warnings kind of makes you wonder: is the hottest sector in tech cruising for a slowdown? Or is there some disconnect between them and everyone else? Despite Palm's and Nokia's issues, wireless is hardly dead, or even dying. It remains one of the most robust sub-sectors in tech and with mobile music and mobile video, will remain so in 2007. And to prove the point, I'm filing this blog on my Blackberry!
Stocks closed the session higher, after investors spent the day sifting through various economic reports and parsing words from Federal Reserve Chairman Ben Bernanke, who provided a mixed economic outlook.