IBM disappointed investors by reporting a decline in new technology services contracts in the second quarter, while a weaker euro hit revenue more than expected, sending its shares down more than 4 percent.
The shares of chip and PC makers jumped on Wednesday on strong results from global technology bellwether Intel Corp , pointing to potential upside for the sectors in quarterly reports due in coming weeks.
Resilient demand for PCs and servers helped Intel Corp's margin and revenue forecasts blast past Wall Street expectations, allaying fears of a technology spending slowdown and sending its shares up nearly 8 percent.
Apple Inc will open its second flagship store in China, in the heart of Shanghai's financial district on Saturday, the company said on Thursday.
Apple is missing out on an opportunity to further expand in China, the Financial Times reported late on Sunday, citing Lenovo's Chairman Liu Chuanzhi.
China's signal it will let its yuan currency appreciate is good news for global manufacturers and resource companies that supply the world's third-biggest economy with the equipment and commodities it needs to fuel growth.
IBM forecast roughly doubling its profit by 2015 as it pushes further into emerging markets and lucrative services and software businesses, sending its shares up over 4 percent and boosting investor confidence in the tech sector.
Lenovo, the world's No.4 PC brand, has emerged as the leading candidate to buy struggling smartphone maker Palm, after the U.S. firm was rebuffed by other potential Asian buyers, sources said.
Lenovo Group, the world's No.4 PC brand, said mobile Internet products will account for 10-20 percent of revenue in five years, as it embarks on a new drive into wireless computing.
Lenovo Group, the world's No.4 PC brand, said mobile Internet products will account for 10-20 percent of revenue in five years, as it embarks on a new drive into wireless computing.
Global personal computer shipments rose sharply in the first quarter, according to industry estimates released on Wednesday, as businesses finally began to spend again on technology equipment.
Smartphone maker Palm Inc , which has not turned a profit in its battles with rivals Apple and RIM, has begun seeking offers for the firm, Bloomberg said, citing three people familiar with the situation.
(Corrects 2006/2007 profit figure to $56 million from $35 million in sixth paragraph)
Palm Inc , the loss-making smartphone maker, is looking to sell itself and is seeking bids for the company as early as this week, Bloomberg said, citing three people familiar with the situation.
Robert Moffat, a former senior executive of International Business Machines Corp whose phone conversations were recorded by the FBI in the Galleon hedge fund insider trading probe, pleaded guilty on Monday to securities fraud and conspiracy charges.
To get accurate projections for Intel Corp , Wedbush Morgan analyst Patrick Wang often finds himself hopping on a plane to Asia.
China's Lenovo, the world's No.4 personal computer maker, said it will develop more products this year for the mobile Internet, attempting to gain ground after a late start into the hot smartphone market.
Dell, the world's No. 3 PC seller, is looking for acquisitions to bolster its consumer, small and medium business that accounts for almost half of the company's total sales.
Lenovo Group, the world's No.4 PC brand, said on Friday its mobile phone based on Google's Android platform will not be affected by an ongoing spat between the search giant and the Chinese government.
Its history is peppered with cloak-and-dagger stories which fostered a reputation for winning technology by hook or by crook. But today Huawei Technologies' disciplined growth strategy is a beacon to many emerging markets firms.
A law firm representing a U.S. software maker that is suing China for code theft said it has been targeted by Chinese hackers, a day after Google Inc. threatened to withdraw from the country following similar attacks.
Lenovo Group Ltd is wading into the smartphone market with a thin, touchscreen device based on Google Inc's Android operating system, following the footsteps of PC rivals like Dell Inc and Acer Inc.
