PC shipments fell 3 percent in 2nd quarter; Dell snatches back top spot in US from HPJuly 15th, 2009 PC shipments down 3 pct., less than expected in 2QSEATTLE — Worldwide personal computer shipments declined at a gentler pace than expected in the second quarter as consumers snapped up inexpensive laptops, two technology research groups said Wednesday. Still, the figures point to 2009 being the industry's first full year in decline since 2001.
Analyst upgrades Gartner on stabilization of corporate IT spending; shares flat in down marketAugust 17th, 2009 Analyst upgrades Gartner; shares flatNEW YORK — An analyst upgraded his rating on research and consulting company Gartner Inc., saying that corporate information technology spending appeared to be stabilizing with a rebound expected in 2010. JPMorgan Securities analyst David Lewis raised his rating on the stock to "overweight" from "neutral" and increased a price target for December 2010 to $23, up from $17.
Lawson Software predicts profit up to 3 cents per share in fiscal 2nd quarterSeptember 30th, 2009 Lawson Software predicts 2Q profitST. PAUL, Minn. — Lawson Software Inc.
Intel CEO: PC sales pulling out of slump fast, could defy predictions and rise this yearSeptember 22nd, 2009 Intel CEO: PC sales could rise in 2009SAN FRANCISCO — The worldwide personal-computer market is pulling out of its slump quickly and could defy predictions by growing this year, Intel Corp. CEO Paul Otellini said Tuesday.
Solera Holdings posts 4th-qtr profit as rise in auto recycling revenue offsets other declinesAugust 28th, 2009 Solera Holdings posts fiscal 4Q profitSAN DIEGO — Solera Holdings Inc., which provides software and services for the auto insurance claims industry, said Thursday it posted a fiscal fourth-quarter profit as revenue gains in the company's automotive recycling unit offset declines in other areas. The company earned $11.8 million, or 17 cents per share, compared with a loss of $21.6 million, or 34 cents per share, a year ago.
India's telecom sector earnings to cross $30 bn by 2013: Gartner IncJune 18th, 2009 NEW DELHI - India will continue its robust telecom story with the sector's revenue to be more than $30 billion by 2013, according to a global information technology research and advisory firm. "Total mobile services revenue in India is projected to grow at a compound annual growth rate (CAGR) of 12.5 percent during 2009-2013 to exceed $30 billion, the US-based Gartner Inc said in a statement Thursday.
CIT Group, Pfizer, Microsoft, Ford, Honeywell, American Express are big market movers FridayApril 24th, 2009 CIT Group, Pfizer, Microsoft, Ford big movers
NEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
CIT Group Inc., down 32 cents at $2.46
Shares tumbled after multiple analysts cut their ratings on the diversified lender a day after it reported a wider-than-expected first-quarter loss. Mohawk Industries Inc., up $11.18 at $49
The floor covering maker's stock soared after it reported strong first-quarter results and gave an earnings outlook above analysts' average forecast.
Business software provider QAD's 2nd-quarter loss essentially flat, revenue down 26 percentAugust 25th, 2009 QAD reports flat 2Q loss, sees small 3Q profitSANTA BARBARA, Calif. — Business software provider QAD Inc.
Chinese PC maker Lenovo reports $16 million quarterly loss as global demand slumpsAugust 6th, 2009 PC maker Lenovo reports loss amid weak demandBEIJING — Lenovo Group, the world's fourth-largest personal computer maker, reported a $16 million quarterly loss Thursday and said it faces pressure from weak global demand and intense competition. The loss for the three months ending June 30, equal to 0.18 cents per share, compared with a $110 million profit a year earlier.
Sina predicts 3rd-quarter revenue below analyst expectationsSeptember 1st, 2009 Sina gives 3Q outlook below analyst estimatesSAN FRANCISCO — Sina Corp., operator of a leading Chinese Internet portal, on Monday predicted third-quarter revenue that is lower than what analysts expect. Sina is looking for $91 million to $94 million in third-quarter revenue.
Microsoft's quarterly sales Records a Steep Fall for the first time in 23 yearsApril 24th, 2009 Microsoft's sales show fallout of recessionSEATTLE — The link between Microsoft Corp.'s fortune and the health of the personal computer market has rarely been clearer than in the software maker's fiscal third quarter. For the first time in Microsoft's 23-year history as a public company, revenue fell year-over-year as PC shipments tumbled.
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.
Pomeroy IT reports sharp drop in 2nd-quarter profit as revenue declines 35 percentAugust 25th, 2009 Pomeroy IT posts lower 2Q profit, salesHEBRON, Ky. — Information technology services provider Pomeroy IT Solutions Inc.
Apple 3Q results beat Street despite recession, propelled by brisk laptop and iPhone salesJuly 22nd, 2009 Apple 3Q beats Street despite recessionSEATTLE — Apple Inc. seems to have missed the memo — you know, the one about the recession.
Computer security industry grows 18.6 percentJune 22nd, 2009 NEW DELHI - While most business sectors were affected by the slowdown last year, the anti-virus and computer security industry grew 18.6 percent totalling $13.5 billion in revenues, IT market researcher and consultancy Gartner said Monday. According to a report by Gartner, there is an increasing demand for appliance-based products, particularly within certain segments such as e-mail security and secure web gateway markets.
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