Cisco Systems emerged from 150 days of restructuring on Tuesday as an aggressive competitor, laying out some of the problems that led it to make changes, while saying its rivals are in even worse predicaments.
Cisco Systems Chairman and CEO John Chambers plans to stay on the job for at least three more years, he said Tuesday.
Hardware and components insiders are giving off mixed signals about how business will fare for the rest of the year.
Against a backdrop of economic uncertainty, acquisitions and earnings news from the world's top PC makers (Hewlett-Packard, Dell and Lenovo), the biggest Internet business (Google), and a major handset maker (Motorola Mobility) marked major realignme...
China Mobile, the world's largest mobile carrier, reported net profits rising by 6.3 percent for the first half of 2011, as the company had more customers surfing the Internet with its handsets.
Lenovo reported strong earnings for the quarter ended June 30, with the company's net profits nearly doubling year-over-year.
Dell had strong profit growth in the second fiscal quarter of 2012, although the company's revenue was hurt by a drop in sales of storage and desktop products, the company said.
U.S. stock markets edged up for the day Friday afternoon, but fears of an economic slowdown and concerns about the debt crisis in Europe caused technology stocks to seesaw wildly along with shares of companies in other sectors this week.
Cisco's profit in its fiscal fourth quarter fell about one-third from a year earlier, while its sales increased only 3.3 percent, the company reported on Wednesday.
A July cyberattack on Booz Allen Hamilton will not materially harm the company's bottom line, its CEO said Tuesday.
U.S. exchanges were volatile Friday after suffering their worst drop in more than two years Thursday, taking IT companies' shares down along with stocks in just about every other sector of the economy.
The acquisition of Zain's operations in 15 African countries and investment in 3G spectrum in India continued to be a drag on the profits of India's Bharti Airtel in the second quarter, the company said on Wednesday.
Ingram Micro's profits were dragged down for the second quarter in a row due to problems with an SAP implementation in Australia, the technology distributor said Thursday.
Though faring better than businesses in other sectors, technology companies have not escaped the market storm stirred up by reports of tepid economic growth and political squabbling over the U.S. deficit.
Motorola reported a loss of $US56 million, or $0.19 per share, on net revenue of $3.3 billion for the second quarter, as the phone and tablet maker continues to struggle to make 4G products.
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First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.
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