Stories by Stephen Lawson

TI slashes profit forecast by two-thirds

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.

Gartner: Economy hits cellphone sales

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.

EMC posts broad Q3 revenue gain

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.

Stock meltdown hits tech harder than most

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.