Making the most of a sluggish world economy, IBM managed to increase its net income by 5 percent in 2012, even though revenue shrank by 2 percent.
Advanced Micro Devices' financial struggles continued in the fourth quarter, with revenue sinking 32 percent due to slow chip sales and charges tied to restructuring and inventory adjustments.
Bulking up on tools for managing hybrid clouds, Red Hat plans to fold the software it acquired last month in the ManageIQ purchase into its own CloudForms software.
The parent company of Alltel, a mobile telephone network serving rural customers in six states, has agreed to sell the business to AT&T for about US$780 million, Atlantic Tele-Network announced Tuesday.
Verizon Communications posted a net loss of US $1.9 billion during the fourth quarter of 2012, but the losses were due to a series of one-time expenses announced earlier.
Western Digital has acquired data protection company Arkeia Software as it looks to address growing storage demands among small and medium-size companies.
Iconic video game company Atari has filed for bankruptcy protection in the U.S. in an effort to separate operations from parent company Atari SA, which is based on France and has also filed for bankruptcy.
Flash storage vendor Violin Memory has acquired Gridiron Systems for an undisclosed sum and plans to use the company's application acceleration smarts with its flash arrays.
Wipro's fourth-quarter IT services revenue grew 4.8 percent year on year, reflecting an overall recovery in offshoring to India.
Sony will sell its U.S. headquarters to raise US$685 million in cash, parting ways with an iconic New York building it has occupied for 20 years.
AT&T sold a record number of smartphones in the last three months of 2012 as consumers snapped up new products from the likes of Apple and Samsung.
Intel saw sales and profits drop in 2012, as the company was hit by a slide in demand for personal computers and its continued inability to make it big in the smartphone and tablet markets, but its data center business continued to grow.
Nokia is planning to transfer up to 820 employees to HCL Technologies and Tata Consultancy Services and lay off up to 300 people as the company reorganizes its IT organization.
Taiwan Semiconductor Manufacturing Co. (TSMC) said its fourth quarter net profit increased by 31.6 percent year-over-year, with demand for its chips higher than originally projected.
Japan's Softbank has sold off a large portion of a local carrier it acquired just weeks ago, as it looked to assuage fears over its expanded control of Japan's wireless spectrum.
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