Dell profit sinks 23 percent in slumping PC market but edges past Wall Street estimatesAugust 27th, 2009 Dell profit down 23 pct but just beats estimateSAN FRANCISCO — Dell Inc. says its second-quarter profit fell 23 percent as the personal-computer industry's slump dragged on this summer.
Summary Box: Dell profit sinks 23 percent in slumping PC marketAugust 27th, 2009 Summary Box: Dell profit down 23 pctFINICKY BUYERS: Dell Inc.'s second-quarter profit fell 23 percent as demand for computers remains soft. Sales fell 22 percent.
IBM to lay off 5,000 in US, outsource to IndiaMarch 26th, 2009 NEW YORK - US computer firm IBM plans to lay off 5,000 workers in its service area in the US, and outsource the majority of them to India, the US business daily Wall Street Journal reported Thursday, citing an insider. At year's end IBM employed around 400,000 people worldwide, with the Wall Street Journal reporting that the company had laid off around 4,600 workers in areas of software, sales and semiconductors at the start of the 2009.
Dell says fiscal 2nd quarter sales to top previous quarter, PC demand stablizingJuly 14th, 2009 Dell: PC demand stable stabilizingROUND ROCK, Texas — PC maker Dell Inc. said Monday it expects its fiscal second-quarter revenue to be slightly higher than in the first quarter, when sales plunged 23 percent to $12.3 billion.
Dell says fiscal 2nd quarter sales to top previous quarter, year-over-year PC demand stableJuly 13th, 2009 Dell: PC demand stable compared with '08 quarterROUND ROCK, Texas — Dell Inc. expects its fiscal second-quarter revenue to be slightly higher than the first quarter, when sales plunged 23 percent to $12.3 billion.
General Electric, Sony, Hartford and Akamai among big movers on stock market ThursdayJuly 31st, 2009 General Electric, Sony, Akamai among big moversNEW YORK — Stocks that were moving substantially or trading heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market. NYSE
General Electric Co., up 85 cents at $13.11
Goldman Sachs upgraded the industrial conglomerate to "Buy," saying it won't have to split off its financing arm, GE Capital.
AMD stock sinks on weaker profit margins, worries about chip maker's turnaroundJuly 22nd, 2009 AMD stock sinks on profit-margin worriesSAN FRANCISCO — Advanced Micro Devices Inc. narrowed its loss in the second quarter, though not by as much as Wall Street hoped.
Oracle profit rises 4 pct, matching Street views, despite 5 percent sales dropSeptember 16th, 2009 Oracle net rises 4 pct, matching Street viewsSAN FRANCISCO — Oracle Corp. says its quarterly profit rose 4 percent despite a 5 percent drop in sales.
DG FastChannel 2nd-quarter earnings decline as operating expenses riseAugust 6th, 2009 DG FastChannel 2Q profit declinesDALLAS — DG FastChannel Inc., a digital media advertising services company, said Thursday it earned a lower second-quarter profit, but matched Wall Street expectations. Profit declined to $3.6 million, or 16 cents per share, from $4.1 million, or 23 cents per share, a year ago.
Dell profit sinks 23 percent in slumping PC market but beats Wall Street estimatesAugust 27th, 2009 Dell profit down 23 pct but surpasses estimateSAN FRANCISCO — Dell Inc.'s second-quarter profit was whacked 23 percent as the personal-computer industry's slump dragged on this summer. The results beat Wall Street's forecast, however, sending the shares up more than 6 percent.
Sun Microsystems expects fiscal 4th-quarter results below Wall Street estimatesJuly 14th, 2009 Sun Micro expects 4Q results below estimatesSANTA CLARA, Calif. — Sun Microsystems Inc.
Tibco Software shares up after 3Q results top Wall Street forecastsSeptember 25th, 2009 Tibco Software shares up after 3Q resultsNEW YORK — Shares of Tibco Software Inc. rose Friday after the company's third-quarter earnings topped Wall Street expectations with the help of lower expenses.
Salesforce.com 2nd-quarter profit surges, tops Wall Street expectations; shares jumpAugust 21st, 2009 Salesforce.com 2Q profit soars, sales climbSAN FRANCISCO — Sales management software maker Salesforce.com Inc. said Thursday its fiscal second-quarter profit more than doubled as the company added thousands of new customers and grew its revenue.
Microsoft, Hershey, Arch Coal, Eastman Chemical are among big market movers FridayJuly 24th, 2009 Microsoft, Hershey, Arch Coal are big moversNEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Hershey Co., down 83 cents at $40.97
An analyst upgraded the candy maker on renewed advertising and sales efforts, while another analyst downgraded it on its stock price. Arch Coal Inc., up $1.27 at $18.14
Arch Coal slumped to a second-quarter loss much larger than expected, citing a 20 percent drop in sales and production cutbacks.
EMC profit sinks 23 pct on weak data-storage demand; CEO says tech spending reaching bottomApril 23rd, 2009 EMC profit sinks, CEO sees tech spend turnaround
SAN FRANCISCO — EMC Corp.'s first-quarter profit dropped 23 percent on weakness in data-storage spending, which until recently had been fairly resilient to the recession and is forcing the company into more cost cuts. But CEO Joe Tucci predicted that slumping information technology spending "has reached or is very near the bottom" and should rebound in the second half of this year.
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