CALIFORNIA

Sun Microsystems Inc. expects a double-digit rate of revenue growth in its greater China region in the next fiscal year as the computer networking firm rolls out new products, a senior executive said on Friday.

Sony's said Thursday that its computer entertainment unit laid off nearly 100 of its 1,600 U.S employees, with most coming from its headquarters in Foster City, Calif.

Shares of Advanced Medical Optics (NYSE: EYE)fell more than 12 percent on Tuesday after the company said it would recall one of its contact-lens solutions following a report linking the product to a rare but serious cornea infection.

Hard disk parts provider Komag Inc. (NASDAQ: KOMG) lowered its second quarter guidance on Wednesday, saying market pressures and product transitions have negatively impacted its quarter.

Agilent Technologies Inc. (NYSE: A)reported a rise in quarterly profit late Monday, saying profit rose 7 percent in its fiscal second quarter on strong orders for bio-analytical measurement tools.

Edison International (NYSE: EIX) reported a 29 percent rise quarterly earnings on Wednesday, helped by results at its Southern California Edison utility subsidiary.

Satellite television provider DirecTV Group, Inc. (NYSE: DTV) posted a 43 percent rise in profit on Wednesday, driven by a higher subscriber count and high-definition services, but missed analysts expectations.

Cisco Systems Inc. (NASDAQ: CSCO) posted a slightly stronger than expected profit in its third quarter on Tuesday, with net income rising 35 percent on acquisitions and stronger sales to corporate customers, however shares fell more than 5 percent in after hours trading.

Strong first quarter earnings and a projections above estimates boosted shares of wireless chip maker Atheros Communications Inc. (NASDAQ: ATHR) in trading on Tuesday.

Shares of chipmaker Advanced Micro Devices (NYSE: AMD) dipped slightly in Friday trading after the semiconductor company posted a greater-than-expected first quarter loss and slower sales.

Shares of Google Inc. (NASDAQ: GOOG), the world’s largest Internet search provider, rose in Friday trading after beating analysts’ estimates with a 69 percent jump in first quarter profit.

Shares of Seagate Technology (NYSE: STX) fell in Wednesday trading after the computer hard drive maker posted weak quarterly profits the day before.

Shares of medical laser company Biolase Technology Inc. (NASDAQ: BLTI) tumbled on Wednesday after the company made a preliminary announcement of a first quarter loss.

Shares of audio and video software firm DivX Inc. (Nasdaq: DIVX) rose on Tuesday after the company raised its revenue outlook for the first quarter of 2007.

Drugstore chain Rite Aid Corp. (NYSE: RAD) and Longs Drug Stores Corp. (NYSE: LDG) said on Friday that they had signed an agreement to exchange six Longs Drug Stores in Washington, Oregon, and Northern California, for six Rite Aid stores in Nevada.

PMC-Sierra (NASDAQ: PMCS), maker of storage and broadband semiconductors announced a cost reduction initiative late Thursday, with plans to cut jobs and close offices to reduce operating expenses by $20 million to $24 million a year.

Shares in logistics firm UTi Worldwide Inc. (Nasdaq: UTIW) tumbled Thursday after the logistics firm reported that it’s earnings four the fiscal fourth quarter were short of expectations.

Software firm Oracle Corp. (NASDAQ: ORCL) filed suit against its rival SAP AG on Wednesday, accusing the competitor of stealing intellectual property to offer 'cut-rate' services for its products.

Chip maker Advanced Micro Devices, Inc. (NYSE: AMD) may be planning another round of price cuts and may be looking to tap financial markets to offset its negative cash flow, according to one research analyst.

Shares of software maker Oracle Corp. (Nasdaq: ORCL) rose nearly 2 percent in mid-day trading on Wednesday, following strong third quarter results.

New Century Financial Corp. (OTC: NEWC) one of the largest companies offering subprime loans, disclosed Tuesday that it will no longer be allowed to sell mortgage loans directly to Fannie Mae or act as the primary servicer of any mortgage loans for the financier.