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IDC Shaves PC Forecast To Below 1% After HP, Dell Report Poor Results

laptops
IDC revised its forecast for this year’s PC sales gains to only 0.9 percent, after the top U.S. giants, Hewlett-Packard Co. (NYSE: HPQ) and Dell (Nasdaq: DELL), reported lower PC sales for their latest financial quarters. By contrast, tablet sales, headed by the iPad from Apple (Nasdaq:M AAPL) should surge 54 percent.
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The Bain Files: Romney Document Dump Reveals Secrets To A 13% Tax Rate

Newly-released documents confirm criticisms of Republican presidential candidate Mitt Romney’s road to enduring riches. What emerges is a system that exploits several weaknesses in tax laws regarding overseas investments, as well as backdoor methods of swapping assets behind the government’s back. How politically damning any of this may be remains to be seen. But in the case of the Bain files, we know being “Romney Rich” isn’t simple. But it’s a lot more profitable than working a 9-to-5 with a...
Mark Zuckerberg

Facebook IPO: ‘Social Media’ Becomes Anti-Social For Investors

The good news for investors in Facebook (Nasdaq: FB), the No. 1 social networking site, is that the shares didn’t set a new, post-initial public offering low on Wednesday. But they have come close, trading as low as $18.96 before recovering to $19.40, up 24 cents in late trading.
Barges on MIssissippi

Barges Back Up On Drought-Lowered Mississippi

Traffic on the Mississippi River halted again Wednesday due to a grounded barge near Greenville, Miss., as the nation's main waterway falls toward a record low level because of the worst U.S. drought in over a half century.
Meg Whitman gives her concession speech during her election night rally in Los Angeles

Hewlett-Packard 3Q Earnings: Will It Be Whitman’s Final Loss?

Hewlett-Packard Co. (NYSE: HPQ), the world’s biggest computer company, has nowhere to go but up. Scheduled to report third-quarter financials after the market close Wednesday, investors and technologists will be watching for signs that its restructuring and massive write-offs are over.
Dell Inc. CEO Michael Dell delivers keynote address at Oracle Open World in San Francisco

Dell 2Q Earnings Preview: Now In Third Place, Where?s New Growth?

Dell is scheduled to report second-quarter results Tuesday below last year?s. For the first time, the company founded by Chairman Michael S. Dell nearly 30 years ago in a dorm room will be ranked No. 3 in PC sales, having lost its No. 2 ranking last quarter to China?s Lenovo Group.
Google executive chairman Eric Schmidt speaks at The Sloan School of Management at Massachusetts Institute of Technology in Cambridge

Technology?s Cash Piles: Top U.S. Leaders Stash Nears $400B

Don?t say technology companies aren?t enormously profitable. An IBTimes review of the cash and investment holdings of 11 of the top technology leaders shows they are sitting atop nearly $375 billion in cash and investments ? or about 24 percent more since the last survey nine months ago.
US Stock Market

Stock Trading Suffers On Uncertain, Unpredictable Markets

Trading in U.S. stocks has been going on at a snail's pace recently, a fact market-watchers are blaming on policy uncertainty, but could also be the result of investors fed up with the fragmented, unpredictable nature of the market.

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