A Who's Who of IT bellwethers including Apple, IBM, Intel and Qualcomm issued strong financial reports this week, the height of earnings season, reinforcing forecasts for a strong year for the tech sector.
Stories by Marc Ferranti
Despite an unusual earnings miss Thursday by Internet bellwether Google, continuing geopolitical turmoil and disappointing news for the PC market, IT is demonstrating continuing resilience as tech stocks in certain sectors moved higher Friday.
Research in Motion executives came out in force Thursday evening in New York, playing hosts at the industry launch of the PlayBook tablet in an effort to convince market watchers and potential users that the device is a serious contender in an arena dominated by Apple's iPad.
Another strong earthquake in Japan Thursday and rising oil prices caused turmoil in the markets this week, but there still appears to be strong underlying confidence in the tech sector.
An appeals court Monday dismissed Verizon's challenge of the U.S. Federal Communications Commission's December net neutrality ruling, calling it premature.
Oracle, Red Hat and Micron earnings, along with good macroeconomic news, are pumping oxygen into tech stocks after the tragic March 11 earthquake in Japan disrupted markets worldwide.
AT&T plans to acquire T-Mobile USA from Deutsche Telekom in a cash-and-stock deal valued at about $39 billion, the companies announced Sunday.
The devastating earthquake and tsunami that hit Japan on March 11 took a tragic toll on human life but also rocked markets this week, sending shares of businesses, including technology vendors, on a rollercoaster ride.
Passing the second anniversary of the Great Recession's market low this week, the technology sector remains a pillar for corporate revenue and investor confidence, as industry bellwethers like IBM and Apple make impressive share gains.
News from Apple and Teradata along with various economic forecasts this week show that at seemingly opposite ends of the technology-product spectrum, non-PC mobile devices and IT capable of handling extremely high volumes of data are major forces shaping the economics of the computer industry.
Repeating what has been a familiar pattern for the past six months, tech earnings and market forecasts this week show that while enterprise IT sales, especially for software, are booming, consumer demand for PCs is flagging.
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.
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.
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.
The flood of financial reports, however, suggests that IT stands to be a major driver for the economy in the near term.
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