Technology Focus: Zuck's Good Week Without Changing Name

Facebook Inc CEO Mark Zuckerberg
Facebook (Nasdaq: FB), the No. 1 social networking site, had a good week: its shares vaulted 15 percent after CEO Mark Zuckerberg appeared at a forum in San Francisco where he acknowledged mistakes. Now, with Instagram tucked in and commitments for search and mobile, is it a time for another look at half price?
A Qualcomm sign is seen at one of Qualcomm's buildings located on its San Diego Campus

iPhone 5 Plays: 5 Ways To Ride Tide Without Buying $700 Apple Shares

Want to play the iPhone 5 craze created by Apple Inc. (Nasdaq: AAPL) and not pay the price for Apple's near-$700 shares. Think of some of its suppliers like Arm Holings (Nasdaq: ARMH) and Qualcomm (Nasdaq: QCOM), or even Corning (NYSE: GLW) whose products are designed into the product.
More news
IBTimes Logo

IBM To Offer Cloud TV Services To Philips Customers

International Business Machines Corp. (NYSE: IBM), the No. 2 computer company, said it will start providing services in the cloud for consumer electronics makers, starting with Dutch giant Philips Electronics (NYSE: PHG).
IBTimes Logo

HP Sets New Low, Week After Posting Biggest-Ever Loss

Shares of Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer company, set a new 52-week low of $16.77 on Thursday, after posting a record third-quarter loss last week and reducing earnings estimates for the current quarter.
Paul Rooke, CEO Lexmark

Lexmark To Exit Inkjet Printer Unit, Fire 1,700; Shares Soar 20%

Printer specialist Lexmark International Inc. (NYSE: LXK) said it will fire 1,700 employees, mainly in the Philippines, as part of strategy to exit its aging inkjet printer business. The move came after the company reported lower income and revenue, industry experts forecast lower PC sales as well as competition from No. 1 printer maker Hewlett-Packard (NYSE: HPQ).
IBTimes Logo

IBM Debuts Most Powerful Cloud Server For Enterprises

International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, introduced its most powerful server for enterprises, the zEnterprise EC 12 mainframe, which it said cost as much as $1 billion to develop. The unit is intended for enterprises that can manage their own systems but also shift data processing to the cloud.
iPad-like devices, smartphones spur NAND flash market to record sales

IBM Buys Texas Memory To Battle Intel-Micron Flash JV

International Business Machines Corp. (NYSE: IBM), the no. 2 computer maker that?s also one of the biggest chipmakers, said it plans to acquire private Texas Memory Systems to bolster its offerings in the flash-memory sector crucial for new servers and mobile products.
Dell Inc. CEO Michael Dell delivers keynote address at Oracle Open World in San Francisco

Dell 2Q Earnings Preview: Now In Third Place, Where?s New Growth?

Dell is scheduled to report second-quarter results Tuesday below last year?s. For the first time, the company founded by Chairman Michael S. Dell nearly 30 years ago in a dorm room will be ranked No. 3 in PC sales, having lost its No. 2 ranking last quarter to China?s Lenovo Group.
Google executive chairman Eric Schmidt speaks at The Sloan School of Management at Massachusetts Institute of Technology in Cambridge

Technology?s Cash Piles: Top U.S. Leaders Stash Nears $400B

Don?t say technology companies aren?t enormously profitable. An IBTimes review of the cash and investment holdings of 11 of the top technology leaders shows they are sitting atop nearly $375 billion in cash and investments ? or about 24 percent more since the last survey nine months ago.
IBTimes Logo

Lenovo Group 1Q Earnings Jump 30% As No. 2’s Sales Soar

China’s Lenovo Group (Pink: LNVGY), the No. 2 PC maker, reported first-quarter net income jumped 30 percent , ahead of estimates, as global revenue rose 35 percent – far better than performance for its U.S. rivals, Hewlett-Packard Co. (NYSE: HPQ) and Dell (Nasdaq: DELL), the No. 3 PC maker.
Warren Buffett

Warren Buffett's Berkshire Hathaway Drops Intel, Bets On Oil

Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK.B) dumped its shares of Intel Corporation (Nasdaq: INTC) last quarter and cut its stake in The Procter & Gamble Company (NYSE: PG) while boosting its exposure to oil refining and oil services.
John Chambers, CEO of Cisco Systems, speaks during a news conference at at the 2010 International Consumer Electronics Show (CES) in Las Vegas

Cisco’s 4Q Results: Major Tech Bellwether For HP, Oracle

Cisco Systems Inc. (Nasdaq: CSCO), the No. 1 provider of Internet gear, is scheduled to report fourth-quarter results Wednesday that are expected to be much better than last year’s when CEO John Chambers said the company was overmanned and was in the midst of layoffs and retrenchment.


IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.