After months of teasers, Intel kicked off shipments of fourth-generation Core processors code-named Haswell, with the first batch being quad-core chips for laptops and desktops.
Despite dismal forecasts for PCs and servers, tech stocks have been doing well on optimism about cloud technology and mobile devices.
Intel's upcoming Atom tablet chip code-named Bay Trail will be repurposed for use in the company's Celeron and Pentium chips for entry-level laptops, desktops and all-in-ones, Intel said on Friday.
Windows 8 has not found wide adoption among desktop users, so HP has announced a new portable all-in-one and lowered the price of touch PCs so users can take advantage of the operating system.
Dell intends to move workstations into the datacentre and then serve up intense multimedia and engineering applications to remote users over the cloud or in virtualized environments via thin clients.
PC shipments in Western Europe declined by 20.5 percent during the first quarter: The only vendors to see shipments grow were Lenovo and Apple, which returned to the top five.
As part of Microsoft's loan of $2 billion to a group trying to buy PC maker Dell, the two companies must modify the payment terms of Dell's current agreements with Microsoft, a document filed with U.S. regulators said.
Intel is expected to announce its fourth-generation Core processors code-named Haswell for laptops and desktops in June, but the company is already releasing teasers that talk about their performance.
Some of the biggest names in IT including IBM, Microsoft, Google and Intel reported quarterly earnings this week, revealing a picture of the tech sector that, while not as gloomy as had been feared, is nevertheless mixed.
Just as tech stocks were starting to rise this week, dismal PC sales reports for the first quarter burst the very short-lived bubble, causing shares of IT companies to fall back to earth Thursday.
Microsoft's stock took a beating in trading today after a pair of research firms said PC shipments in the first quarter were down as much as 14% from the year before.
Products based on a USB specification that will double the data transfer rates between host devices and peripherals will reach the market in late 2014, the standards-setting organization said.
A "perfect storm" of struggling PC companies, aversion to Windows 8 and wider mobile-device adoption plunged the already struggling PC market into a free fall during the first quarter this year, IDC said.
InFocus has announced a 55-inch touchscreen PC with Windows 8, which has an upgradeable design that is uncommon in all-in-one PCs.
With its new Grid VGX software, Nvidia is aiming to tear down the performance barrier that keeps graphics-intensive applications from running on virtual desktops.
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