Intel reports loss on EU $1.45 Bln charge
Intel Corp., the world's biggest chipmaker, reported its first loss in 22 years on Tuesday as it recorded a $1.45 billion charge related to a European Union antitrust fine. The net loss was $398 million, or 7 cents a share, compared with a profit of $1.6 billion, or 28 cents a share, a year earlier. Revenue dropped to $8.02 billion, down from $9.5 billion for the same quarter last year.
Dell execs say tech spending will be weak
Dell Inc. executives said world-wide technology spending is weak and likely will remain so for the near future as companies delay computer purchases and consumers gravitate to low-cost devices.
App Store: 1.5 billion downloads in 1 year
Just three months after iTunes hit the 1 billion milestone, and after Saturday's one-year anniversary of the popular mobile app store - iTunes has now reached a record number of 1.5 billion downloads. At present, the App Store offers more than 65,000 apps in 77 countries.