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Microsoft reported better-than-expected financial results Thursday but also warned that the economic downturn will cut into top-line revenue and profits for its current fiscal year, which ends June 30, 2009 For the first fiscal quarter ended Sept. 30, Microsoft reported US$4.37 billion in earnings, up 2 percent from $4.28 billion during the same pe...
Microsoft rushed out an emergency security patch for its Windows operating system Thursday in the hope of heading off a potentially crippling hack attack to nearly a billion Windows-powered PCs Normally, the Redmond, Wash.-based software giant addresses bugs and security flaws through the issue of so-called software "patches" on the second Tuesday ...
Comcast announced late Wednesday that it will launch faster broadband Internet service speeds over the next few weeks to more than 10 million homes and businesses The new service will give Comcast subscribers access to speeds of up to 50 megabits per second in parts of New England, Boston, Philadelphia, Minneapolis and St. Paul, and New Jersey....
Shares of memory chip maker SanDisk plummeted nearly 31 percent to US$9.91 per share after the bell on the news that Samsung has dropped its offer to acquire the troubled Milpitas, Calif.-based semiconductor company Korea-based Samsung first made its $26 per share offer six months ago in a letter to SanDisk's board of directors, which rejected it a...
Just one day after saying it would slash its 15,000-employee workforce by 10 percent, struggling Internet giant Yahoo announced Wednesday that its profit dropped by a whopping 64 percent during the third quarter Sunnyvale, Calif.-based Yahoo also announced that revenue would be lower than it had expected for the remainder of 2008 and told Wall Stre...
As promised, search engine giant Google has released the source code for its Android platform -- the open source technology that Google hopes will be adopted by mobile application developers, phone makers and carriers alike The move comes just a day before the first Android-powered smartphone -- the G1 -- is set to hit U.S. stores. The G1 is availa...
Online auctioneer and retailer eBay has banned the sale of ivory products on its Web site to help protect African and Asian elephants The policy goes into effect in December, and San Jose, Calif.-based eBay will begin enforcing it in January....
Anyone who owns an Apple iPhone knows a mobile phone isn't just a phone anymore. It's a music and video player, a Web-surfing device, and a video game system all in one Go to the iPhone App Store -- an Apple Web site where iPhone owners can buy games such as "Moto Chaser" and "Are You Smarter Than a 5th Grader?" -- and you'll find hundreds of appli...
Internet phone company Vonage has secured US$220.3 million in credit in a deal that Wall Street sees as crucial to the struggling company's survival Proceeds will go toward paying off $253 million in debt on Vonage's books....
Memory chip maker SanDisk announced Monday it will sell almost one-third of its manufacturing capacity to Toshiba for about $1 billion. The deal comes at a time when the market for memory chips faces severe oversupply SanDisk and Tokyo-based Toshiba have been in business together going back several years....
Anyone who's used popular peer-to-peer (P2P) applications such as BitTorrent, Gnutella or Limewire has probably been plagued by network slowdowns that make sharing heavy media files a time-consuming endeavor However, a consortium of technologists at the Distributed Computing Industry Association, or DCIA, has found a way to alleviate Internet netwo...
Does Microsoft still have Yahoo in its gun sights? Listen to Microsoft CEO Steve Ballmer and it might seem so. At an industry event in Orlando, Fla., this week, Ballmer said a deal between Microsoft and the No. 2 Internet search engine would "still make economic sense" for both companies....
Finnish mobile phone maker Nokia reported a 30 percent decrease in third-quarter earnings and a 5 percent drop in sales on Thursday However, the company was able to improve gross margins at a time when the global economy is faltering and spending on consumer electronics is decreasing in the United States and in Western Europe, two of Nokia's bigges...
Online auction house and retailer eBay announced a profitable third quarter on Thursday but warned an already-volatile Wall Street that continued weakness in consumer spending would hurt sales throughout the rest of the year The company reported Q3 earnings of US$492.2 million, compared to a loss of $935.6 million during the same period a year ago....
Technology research giant Gartner released a list on Wednesday of the top 10 technologies that will dominate the landscape for the next three years The release comes at a jittery time for technology stocks and early stage startups alike. The tech-heavy Nasdaq National Market plummeted 8.47 percent Wednesday and was down another 1.6 percent in early...
Semiconductor chip giant Intel reported better-than-expected financial results for the third quarter late Tuesday, but it wasn't enough to buoy the Santa Clara, Calif.-based company's stock or inject any new life into the broader chip market Net income at Intel rose 12 percent year-over-year to US$2.01 billion. However, top-line revenue rose just 1...
Search engine giants Google and Yahoo are in talks with the U.S. Department of Justice in the hopes of alleviating regulators' antitrust concerns regarding their pending online ad sharing deal Reports that the three sides were meeting first surfaced in the Wall Street Journal early Tuesday....
Technology market research giant Gartner has slashed its outlook for growth in spending on information technology in 2009 from 5.8 percent to 2.3 percent. Forecasts could decline further if the economy continues to weaken, the firm warned. Total global IT spending could rise just 2.3 percent to US$3.5 trillion as many businesses cut their budgets ...
MySpace has launched a new online display advertising tool for small businesses and individuals called "MyAds." The service is similar to the Beverly Hills, Calif.-based firm's ad platform for large businesses, HyperTargeting, which made its debut in November 2007. Like HyperTargeting, MyAds makes it possible to create ads geared toward specific a...
Memory chipmaker Micron Technology will cut its global workforce by 15 percent over the next two years due to a massive slowdown in demand for memory chip technology, the Boise, Idaho-based company said Thursday ...
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