Tech stocks slump to 2003 levels
Analysts are cutting revenue forecasts for bellwether IT vendors as the U.S. financial sector crisis caused markets around the world to tumble again this week, pushing the tech-heavy Nasdaq down to 2003 levels as shares of companies as varied as Intel and Yahoo skidded to five-year lows.
Oracle Q1 results beat analysts' expectations
Oracle reported first-quarter 2009 earnings of $0.21 per share, a 28 percent rise year-over-year, the company said Thursday. Overall revenue for the quarter was $5.3 billion, a rise of 18 percent, while net income was $1.1 billion, up 28 percent over last year.
Dell profit falls as revenue grows
Dell posted a decline in profit for its fiscal second quarter even as its revenue grew, while economic doldrums held down its results in some parts of the world.
Time working against AMD's asset-light plans
As part of AMD's efforts to recover from the damaging delay of its Barcelona quad-core processor in 2007, the chip maker wants to spin off its two manufacturing plants, called fabs, as part of a strategy called asset light.
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