Texas Instruments pulled down its profit forecast for the December quarter by as much as two-thirds on Monday, and it also cut its revenue expectations, saying the economic downturn is having a powerful impact on the market for its chips.
Stories by Stephen Lawson
Research In Motion's preliminary results for its just-concluded fiscal third quarter fell below its earlier forecast, with economic woes and product delays the prime culprits, the company said Wednesday.
Economic woes slashed cellphone sales growth in the third quarter of this year as consumers waited longer to replace their handsets, and the market is likely to contract next year, according to Gartner.
In a bid to make backup and recovery easier for IT administrators to handle, EMC is updating several pieces of its storage management software portfolio.
EMC reported double-digit revenue growth for the third quarter on Wednesday and forecast another revenue gain in the fourth quarter despite global economic woes.
Intel has acquired the assets of NetEffect, a maker of Ethernet chips and adapters for high-performance computing clusters, for US$8 million.
A partnership between Nokia and speech-recognition software vendor Nuance will make the software company's capabilities available to third-party developers as well as to the phone maker itself.
A reported decision by Delta Air Lines to block "inappropriate" Web sites from its planned in-flight Wi-Fi service could be just the tip of the iceberg for airlines' control of Internet use.
Dell is putting together hardware and software for backup and recovery in one system, with integrated software, for small and medium-size businesses.
The U.S. will snatch the lead in mobile technology from Europe as the Internet is integrated with mobile devices, Nokia's CEO told a Silicon Valley audience on Wednesday night.
Hewlett-Packard will buy LeftHand Networks for US$360 million to fill in its storage virtualization and iSCSI lines with products for medium-size companies and remote offices and branches.
Worries about consumer spending, advertising and the ability of IT companies to raise money appear to have hit many tech stocks harder even than the overall market on Monday, one of the worst days on Wall Street since 1929.
EMC plans to hand down advanced features, including de-duplication and even virtualization, to consumer products coming out of its recently purchased Iomega division.
Satellite-based mobile operator Iridium Holdings took a step toward building a new, faster network on Tuesday by agreeing to merge with an investment company.
The waiting game for a mobile Internet explosion continued on Thursday at the Mobilize conference in San Francisco, but there were glimmers of reality, too.
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