TECHNOLOGY

IBM raises full-year outlook, posts higher profit

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IBM raised its full-year outlook and reported higher-than-expected quarterly profit on Thursday as its growing focus on higher-margin software and services businesses helped it cope with weak technology spending.
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Tech Earnings Round Up - Oct 14

Google Inc. reported a 27 percent increase in third-quarter profit, surpassing analysts' estimates, following a boost in online ads and e-commerce.
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Google results beat expectations, shares up

Google Inc posted its strongest sequential revenue growth in more than a year, outpacing Wall Street expectations as the Internet search advertising business showed signs of recovery from the global recession.
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UK adult social networkers nearly double

LONDON (Reuters Life!) - The number of British adults signing up to social networking sites such as Facebook and MySpace has almost doubled in the last two years, according to new research from the country's communications watchdog.
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Nokia shares dive after loss

Nokia Oyj, the world's top cellphone maker, took a major writedown at its struggling networks unit on Thursday and revealed a fall in smartphone sales, sending its shares down 11 percent.
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Nokia swings to surprise loss

The world's top cellphone maker Nokia shocked investors by taking a major writedown at its struggling networks unit and revealing a fall in its smartphone sales from the previous quarter.
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Google to launch online electronic book store

Google plans to launch an online store for electronic books in the first half of next year, offering about half a million books initially in partnership with publishers with whom it already cooperates.
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Nokia reports surprise Q3 loss on networks hit

The world's top cellphone maker Nokia reported a surprise loss for the July-September quarter, hit by a major writedown at its networks unit, but said demand for handsets had improved.
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Twitter goes to Aussie university

Social networking upstart Twitter has made the jump to academia's hallowed halls, with 'tweets' made compulsory writing for would-be journalists at an Australian university.
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Growth of Facebook leaves MySpace in dust

The September numbers from market watcher comScore show Facebook Inc.'s users in the U.S. grew by 4 percent to 95.5 million while Twitter Inc.'s numbers flattened out at about 20.8 million.
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Daily Wrap Up - Oct 14 (Tech)

Apple may be on the verge of launching a new iPhone and iTouch radio application that will allow users to listen to FM radio, according to rumors that have leaked online.
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Abbott profit up on Humira demand, special gain

Abbott Laboratories Inc said its third-quarter profit rose 37 percent on strong demand for its Humira arthritis drug and nutritional products, as well as gains from a settlement with Medtronic Inc.
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Abbott profit rises on Humira demand, special gain

Abbott Laboratories Inc said on Wednesday that third-quarter profit rose 37 percent on strong demand for its Humira arthritis drug and nutritional products, as well as gains from a settlement with Medtronic Inc .
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Intel shares on strong results, outlook

Shares of Intel Corp rose 4 percent on Wednesday after analysts raised their price targets for the stock following a quarterly earnings report and revenue forecast that blew past expectations, giving investors hope of a tech sector recovery.
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Smartphones weigh on mobile networks: study

A smartphone generates much less mobile data traffic than a laptop with a data card, but phones impose a load on the network which is much larger than anticipated, a study showed on Wednesday.

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