Tech Hardware

  • Intel Corp. plans to respond quickly to a U.S. Federal Trade Commission request for more information on a plan to merge its flash memory chip business with that of Switzerland's STMicroelectronics NV.

  • Corning Inc.'s Chairman and Chief Executive Wendell P. Weeks will reaffirm the glass and specialty materials company's third-quarter guidance at a conference Wednesday.

  • Gateway  said on Wednesday it plans to sell its professional business segment to MPC Corp for about $90 million.

  • Dell Optiplex GX620 desktop

    Dell reported preliminary second-quarter earnings of 35 cents a share on sales of $14.8 billion Thursday, topping expectations as it benefited from lower costs for disk drives, microprocessors and other components.

  • Lehman Brothers upgraded mobile phone maker Motorola to overweight" from "equal weight," saying improvements in operating expenses should help the company's phone unit return close to breakeven by the fourth quarter.

  • Apple iPod

    Shares of Apple  rose sharply after the company said it will hold a product launch next week, prompting speculation that a new line of iPods will be unveiled.

  • Tech Data, a distributor of computer products, Wednesday posted a quarterly profit that handily beat Wall Street estimates on strong growth in the Americas, sending its shares up more than 8 percent.

  • Microsoft Corp is cutting the European price for its Xbox 360 video game console by 50 euros to 349.99 euros ($470), following a similar cut in the United States.

  • Sprint Nextel stands to lose a $2 billion investment in a new phone feature if a court bars Qualcomm from making the necessary chips, Qualcomm executives told the court on Thursday.

  • Hewlett-Packard

    It's the kind of blowout quarter weary tech investors were hoping for. Just about everyone suspected that HP would beat estimates, thanks to ongoing momentum in the personal computer industry, as well as falling component prices, especially memory chips like DRAMs which have seen a 40% decline in some sectors.

  • A group of reporters and their family members whose private telephone records were secretly obtained as part of Hewlett-Packard's boardroom surveillance scheme sued the technology giant and two former executives.

  • Qualcomm, hoping to rebound from a string of legal setbacks, urged a federal judge Tuesday to reject a competitor's request to stop it from selling cell phone chips that infringe on patents.

  • Nokia said it plans to replace 46 million batteries used in its phones that could overheat for free, but it will continue to negotiate with battery maker Matsushita over who would bear the costs.

  • Network Appliance, a maker of data storage-network equipment, said on Thursday that quarterly revenue fell more than its previous pessimistic forecast amid slower spending by large customers in the United States and Europe, sending shares down 21%.

  • Apple shares  plunged 7% in heavy trading Tuesday after a report--later denied--that cited production problems with the company's popular iPhone and iPod devices.

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