ELECTRONICS

Shares of Apple Inc. rose on Friday after Piper Jaffray analyst Gene Munster raised his price target on the company to $205 per share from $160.

After six months of microprocessor revenue market-share losses, Advanced Micro Devices Inc. (NYSE: AMD) managed to stabilize its share in this year’s second quarter, while Intel Corp. dipped slightly, according to preliminary results from researcher iSuppli.

Shares in handset and appliance maker LG Electronics surged as much as 7.6 percent on Friday, after the South Korean firm reported strong profits while bigger rival Motorola posted another quarterly loss.

Ericsson missed market forecasts for second-quarter earnings as its multimedia drive produced disappointing results and revenue in its key European market stagnated, sending its shares down 5 percent.

Toshiba Corp. said on Thursday it has recalled more Sony Corp. laptop computer batteries due to fire risk, rekindling concerns over the safety of Sony-made batteries.

Diversified manufacturer Honeywell International Inc. said on Thursday quarterly net profit rose 17 percent, boosted by strong demand from the aerospace and construction industries.

Logitech, the world's largest maker of computer mice, posted a 15 percent drop in first-quarter profit on Thursday as competition pressured Webcam sales, pushing shares lower.

Motorola Inc. on Thursday posted a quarterly loss as revenue fell amid weak phone sales, as it loses market share.

Ailing Motorola was dealt another blow as the phone maker slipped a spot into third place behind second place Samsung in the race for global shipments.

Hewlett-Packard continued its reign as the top personal computer maker in the world as its closest rival Dell declined for the second quarter but still managed to hold its U.S. lead.

SunRocket Inc., the second largest supplier of Internet phone services shut down its business on Monday without notifying its customers, which total more than 200,000.

Even if CEO Ed Zander departs, it could be two or three years before the phone maker's business turns around.

Sony Ericsson saw profit jump 55 percent in its latest fiscal quarter as the cell-phone maker shipped nearly 25 million units worldwide, the company said Wednesday.

Samsung Electronics reported a quarterly profit decline of 5 percent on Friday but shares rose to a 15 month high following speculation of a take-over bid from U.S. activist investor Carl Icahn.

Motorola Inc. (NYSE: MOT) said Wednesday that it expects another loss for its second quarter as mobile phone sales continue to slide.

Sony Corp. will launch a slimmer model of its PlayStation Portable handheld game player in September, in its latest attempt to ignite demand for its game hardware and compete better with Nintendo Co. Ltd.

HD DVD video players have outsold rival standard Blu-ray players by a three-to-one margin in Europe's main markets so far this year, according to a lobby group.

Germany's biggest Apple retailer is getting 1,000 enquiries every day about buying the new iPhone, which is expected to go on sale towards the end of the year, the retailer's head told a newspaper.

Fujitsu-Siemens Computers will start selling laptops with flash memory instead of hard drives this summer, bringing faster, lighter and more energy-efficient computers to the European mass market.

Japan's Nikkei average slipped 1.11 percent on Wednesday to its lowest finish in nearly two weeks, hurt by a tumble in U.S. stocks and a stronger yen.

A U.S. investment fund is putting pressure on NEC Corp. to give up control of its ailing chip making unit by offering $1.25 billion for a 25 percent stake, the latest foreign shareholder to apply heat on what they see as