tech sector

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Stocks Soar on Intel Earnings
 Stocks Soar on Intel Earnings 
MARKET open
Jul 15, 2009 8:47 AM CDT

Stocks Soar on Intel Earnings

(Newser) - Tech stocks soared at the open today, taking major indexes with them, after a strong quarter and upbeat outlook from Intel, the Wall Street Journal reports. The Dow rose 100 points, while the Nasdaq added 30 points and the S&P 11.45 points. Intel was up 7.5% pre-market....

Yahoo to Cut 700 Jobs as Profit Plunges

(Newser) - Yahoo says its slump worsened in the first quarter as the recession made it more difficult to sell the ads that generate most of its profits. The company says it will cut 600 to 700 jobs, or about 5 percent of its work force. Yahoo says it earned $118 million,...

Oracle Buys Sun Microsystems
 Oracle Buys Sun Microsystems 
Apr 20, 2009 7:20 AM CDT

Oracle Buys Sun Microsystems

(Newser) - Oracle Corp. has agreed to buy Sun Microsystems, swooping in after Sun’s talks with IBM fell apart. Oracle will pay $7.4 billion, or $9.50 a share for Sun, the Wall Street Journal reports, a 42% premium on Friday’s close. Though Sun has been losing money, Oracle...

IBM Gives Stock Market Hope
 IBM Gives Stock Market Hope  
MARKET Open
Jan 21, 2009 8:47 AM CST

IBM Gives Stock Market Hope

At least in tech

(Newser) - Stocks bounced back at the open this morning, as tech sector hope outpaced financial sector gloom. The Dow climbed 126 points, while the Nasdaq and S&P jumped 2% and 1.7% respectively. IBM was the star of the show, after posting a 12% surge in fourth-quarter profits and an...

Stocks Mixed on Retail News
 Stocks Mixed on Retail News 
MARKETS
Jan 8, 2009 3:32 PM CST

Stocks Mixed on Retail News

Wal-Mart falters, but Sears posts strong forecast

(Newser) - Stocks ended mixed today amid largely negative retail news and nervousness on unemployment, MarketWatch reports. Investors were shaken by poor December earnings and a reduced quarterly forecast posted by Wal-Mart, which managed to perform well through 2008. The Dow fell 27.24 to close at 8,742.46. The Nasdaq,...

Boom in Netbook Sales Powers New Features

At CES, the line blurs between netbooks and laptops

(Newser) - An unexpected 10 million netbooks—scaled down, lower-priced laptops—were  sold in 2008, sending tech companies racing into the market, the Wall Street Journal reports. At this week’s Consumer Electronics Show, market segments like cell phones and PCs seem to be converging faster than ever as they try to...

Sun Micro to Cut 5,000 Jobs
 Sun Micro to Cut 5,000 Jobs
Nov 14, 2008 8:19 AM CST

Sun Micro to Cut 5,000 Jobs

Software giant slashes 15-18% of workforce

(Newser) - Sun Microsystems intends to lay off 5,000 to 6,000 employees, amounting to 15-18% of the computer maker’s workforce. The cuts should shave about $800 million off Sun’s costs, as the company struggles to compensate for swiftly declining sales. Sun lost $1.68 billion last quarter, as...

Makeover Rumored for Nano
 Makeover Rumored for Nano 
ANALYSIS
Aug 25, 2008 2:37 PM CDT

Makeover Rumored for Nano

Apple insider Rose says iPod will get a new screen; iTunes set for big changes, too

(Newser) - Rumors are flying about a makeover for the iPod family in the coming weeks, with the biggest changes in store for the Nano, Ian Paul writes in PC World. The baby of the clan may soon have a much larger and tapered widescreen, according to Apple-watcher Kevin Rose, who also...

Silicon Valley's Prodigal Son Comes Home

Frank Quattrone seeks to repair his rep with new investment bank

(Newser) - Silicon Valley prodigal son Frank Quattrone is staging a comeback, poised to debut his new tech-centered investment bank Qatalyst—after years recovering from federal obstruction-of-justice charges. But now that he's back, the question is whether the industry will welcome home an errant child with open arms. Probably, BusinessWeek writes—if...

Profits Slide as Dell Streamlines
Profits Slide
as Dell
Streamlines
Feb 29, 2008 6:30 AM CST

Profits Slide as Dell Streamlines

6.5% drop on consumer slump, 'slow as molasses' turnaround

(Newser) - Dell posted a 6.5% decline in profits for its fiscal fourth quarter yesterday, citing slowed consumer spending and the cost of restructuring, which included slashing thousands of jobs, the Wall Street Journal reports. The Dell results are likely to cause concern about other tech stocks—especially those that rely...

You've Got No Mail: DC Techies Ponder Life After AOL

Relocation is struggling sector's latest setback

(Newser) - AOL is moving its HQ to New York, cutting nearly half of its 5,700 DC-area jobs, and leaving serious questions about the Washington, DC area’s tech industry in its wake. AOL’s declining fortunes have already hurt the sector, but local techies and VCs have fought back with...

Dow Sheds 223, Flirts With 13K
Dow Sheds 223, Flirts With 13K
Nov 9, 2007 3:44 PM CST

Dow Sheds 223, Flirts With 13K

Retail hit hard as well

(Newser) - The Dow dove 223.55 today to 13,042.74, its lowest close in 2 months, as investors reacted to rough news about tech and retail stocks. The S&P 500 wrapped up its its worst 3-day fall since January 2003, losing 21.07 to close at 1,453.70,...

Online Boom Won't Result in Dot-Com Bust

Heady '90s excesses are more isolated; domino effect less likely

(Newser) - Today’s Silicon Valley upstarts are enjoying heady times, but without the excess and risk of their late-'90s counterparts, reports the Wall Street Journal. Sophisticated venture capitalists generally bear the risk involved in the next tech crash, and fewer and less volatile IPOs this time around mean small investors are...

Jobs Stats Propel Markets
Jobs Stats Propel Markets
Oct 5, 2007 3:55 PM CDT

Jobs Stats Propel Markets

(Newser) - The Dow and the S&P each set intraday records after today’s unexpectedly good jobs news, and the Nasdaq hit a 7-year high. The Dow closed at 14,066.01, up 91.70 points, and the S&P climbed 14.75 to 1,557.59 after indications that a...

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