Cavium Network Inc.'s second-quarter profit met analyst expectations amid dramatically higher sales that helped the chip maker bounce back from a loss in the same period last year.

The weak economy is catching up to the telecom industry, analysts said Wednesday, slashing ratings on half a dozen equipment suppliers and an operator.

Qualcomm Inc. shares should see strong gains in the near term, Goldman Sachs analysts said Friday, as the cell phone chip maker benefits from wider smartphone adoption, market expansion and restructuring among telecoms in China.

U.S. technology companies have posted stronger quarterly profit growth than any sector except for oil, but investors fear that cracks are emerging as clients in troubled industries like finance, retail and construction reduce IT spending.

By Jim Finkle

Among the premarket stories for Thursday, July 10, from AP Financial News:

An analyst called a recent decline in shares of Cisco Systems Inc. "overdone," and expects fundamentals to improve later this year.

An RBC Capital Markets analyst cut his price target on Cisco Systems Inc. in a client note Wednesday, saying the network equipment maker expects a recovery in technology spending later than first thought.

Among the premarket stories for Wednesday, July 9, from AP Financial News:

Cisco Systems Chief Executive John Chambers said on Tuesday that the office of the CEO will be less hierarchical in five years, although he has not yet decided on when he would hand over to a successor.

Shares for graphics chipmaker Nvidia will be under pressure after the company warned on Wednesday that revenues and gross margin would miss analysts' estimates due in part to weak demand.

Almost everywhere they looked during the week, investors saw red ink flowing. But CNBC guests worked hard to find bright spots in the murk.

To help investors prepare their portfolios for next week, CNBC asked the market experts for their best stock picks now.

U.S. and Chinese companies signed 35 business deals in sectors ranging from automobiles to telecommunications on the eve of high-level trade and investment talks between the two countries.

Three of the country’s largest Internet service providers are threatening to clamp down on their most active subscribers by placing monthly limits on their online activity.