Wall Street Beat: Tech earnings help buoy markets
Tech vendor results this week reinforced the perception that business spending would fuel IT sales this year, and helped indexes head for a third straight week of gains.
Stories by Marc Ferranti
Wall Street Beat: NYSE, Deutsche Börse highlight tech role
Blame it on technology. The news this week that Deutsche Börse is close to effectively buying the New York Stock Exchange, a centuries-old symbol of American capitalism, has caused consternation but highlights the IT-driven, global reality of international markets.
Wall Street Beat: Business software, e-commerce shine
With most tech bellwethers having reported financial results, the earnings season is coming to a close, but BMC, NetSuite, AOL and IAC results this week offered insights into aspects of business IT and the Internet sector.
Wall Street Beat: Earnings, personnel changes rock IT
The flood of financial reports, however, suggests that IT stands to be a major driver for the economy in the near term.
Wall Street Beat: Software to drive IT growth
Intel and SAP results and various forecasts issued this week suggest that while 2010 was a recovery year for just about all sectors of IT, enterprise software and accompanying services will be the main drivers for technology revenue growth over the next few years.
Wall Street Beat: IT spending forecast to rise in 2011
Despite ongoing worries about the strength of the U.S. recovery, sovereign debt in Europe and inflation in various parts of the world, global IT spending is due to increase this year, according to Forrester Research and Gartner.
Wall Street Beat: RIM, Oracle, spending buoy markets
Better news about the economy and online spending capped off by strong quarterly results and robust forecasts from Oracle and Research In Motion helped fuel markets this week to new highs.
Bank of America cuts services for WikiLeaks
Bank of America has joined the growing list of financial and technology companies that have cut off services to WikiLeaks, a move that comes amid speculation that the whistleblower site is preparing to release information about the bank.
Wall Street Beat: Cisco stirs worry, but forecasts solid
Word of slowing growth from Cisco put the brakes on the tech rally in the markets, but Lenovo results and forecasts for the mobile, online and consumer electronics markets suggest that IT's recovery from the recession still has legs.
Wall Street Beat: Red Hat, Tibco and Apple lead tech charge
Red Hat, Tibco and Apple helped buoy technology investor confidence this week even as economic concerns caused volatility in the markets.
Wall Street beat: Oracle, RIM renew confidence in tech
Oracle and Research In Motion earnings, Hewlett-Packard's $US1.5 billion acquisition of security vendor ArcSight and good economic news this week helped boost excitement and investor confidence in the tech sector.
Wall Street beat: Tech fails to lead markets
Good macroeconomic news on jobs, trade and European sovereign debt is helping to buoy the markets this week in the unofficial post-Labor Day start of the fall trading season, but tech stocks are still down for the year.
Intel wins key ruling in class-action suit
A court-appointed special master has rejected class-action status in an antitrust lawsuit against Intel, determining that the plaintiffs failed to show that PC buyers were harmed by discounts Intel offered to manufacturers.
Wall Street Beat: Hardware, chip sales shine
Upbeat sales reports and forecasts continue to pour in for the PC and chip market, offering yet more evidence that economic recovery has already spurred a worldwide resurgence in spending on hardware.
Wall Street Beat: IT leads market rally
Are shares of IT vendors set to rise again? Fueled by strong sales reports from Lenovo and NetApp, tech stocks led a broad market rally Thursday that was generally ascribed to news about China's confidence in Europe, which faces a debt crisis in Greece and other Mediterranean countries.