Because they report quarterly results generally out of the regula,r pattern technology giants Cisco Systems (Nasdaq: CSC), Hewlett-Packard Co. (NYSE: HPQ) and Dell (Nasdaq: DELL) are technology bellwethers. Do their dismal dismal forecast presage downturn?
Shares of Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, fell as much as 5.6 percent Wednesday, ahead of its expected announcement of second-quarter results.
Shares of DELL (Nasdaq: DELL), the No. 3 PC maker, plunged as much as 15 percent after the company reported first-quarter results that trailed analyst estimates for both income and revenue and issued a poor forecast.
Asian, European and U.S. stocks fell hard Wednesday on rising fears and uncertainty about a possible Greek exit from the euro zone as well as concerns over slowing economic growth.
Among the companies whose shares are moving in pre-market trading Wednesday are: Ares Capital Corp, Alcatel Lucent, FreightCar America, Jive Software, Dell Inc, Renren Inc, BlackRock, Alcoa and Facebook Inc.
Futures on major U.S. stock indices point to a lower opening Wednesday ahead of new home sales data for April and a European Union summit.
Dell Inc. (Nasdaq: DELL) reported first-quarter results that trailed analyst estimates for both income and revenue and issued a poor forecast for the current quarter
Shares of Dell (Nasdaq: DELL), the No. 3 PC maker, rose nearly 2 percent Tuesday, in advance of the company?s report of first-quarter results.
Best Buy Co. Inc. (NYSE: BBY) reported a 26 percent drop in its fiscal first-quarter profit due largely to higher restructuring costs compared to last year, but the earnings topped Wall Street's expectations.
Before the curtain falls on this earnings season, investors will hear next week from several more major players, including Dell, Hewlett-Packard, Lowe's, Pandora, and Tiffany.
International Business Machines Corp. (NYSE: IBM) announced a series of initiatives for cloud, or Internet-based computing, to lower costs as well as lure more customers.
The earnings calendar for the week ahead will be comparatively light, but a number of bellwether companies will be reporting results.
According to recent report cited in DigiTimes, Apple is going to launch a new MacBook Air sometime around the third quarter of this year. Further, the report has suggested that the new Air would be priced by the company at a price as low as $799.
International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, said it agreed to acquire privately held Tealeaf Technology, a specialist customer analytics software.
Finally the much-touted overdue pregnancy of Jessica Simpson has come to an end with the birth of her baby girl Tuesday morning.
Tech analysts are busy predicting that laptop sales are expected to go down and tablets and smartphones would gain prominence in the coming years. However, top notch wireless manufacturers are still in no mood to stop introducing the new flagship models of their lineups.
Advanced Micro Devices (NYSE: AMD), the No. 2 microprocessor developer, reported first-quarter operating income that beat estimates, despite posting a net loss on one-time charges, as revenue rose more than expected.
Advanced Micro Devices (NYSE: AMD), the No. 2 microprocessor developer, has nowhere to go but up. Investors this year have sent its shares soaring nearly 50 percent.
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Technology investors are about to endure the quarterly torrent of earnings reports, starting Thursday with Google (Nasdaq: GOOG) and escalating next week with other top names.
Samsung Electronics (KS: 5930), Asia’s biggest technology company, pre-announced record first-quarter earnings Friday that could be an early indicator for its U.S. rivals.
Starting on April 8, Nokia and AT&T will begin selling the first 4G LTE Windows Phone ever released in the U.S., the Lumia 900, starting at an extremely competitive price of $99 with a contract, and $449 without a contract. Critics have begun releasing their reviews of the new Nokia smartphone, but does it stack up to the iPhone?
