Technology Markets News

SAN JOSE, Calif. - Grappling with major layoffs and a stock price that's been chopped nearly in half since last year, Advanced Micro Devices Inc. kept new details about its turnaround plans close to the vest Thursday in a very brief annual meeting with shareholders.

SAN FRANCISCO - It's hard to believe Google Inc. actually looked vulnerable just two months ago. The Internet search leader's stock had plummeted 45 percent from its peak. And its two biggest rivals, Microsoft Corp. and Yahoo Inc., appeared poised to combine forces and launch a double-barreled attack.

TOKYO - Softbank Corp.'s net profit nearly quadrupled to a record high last fiscal year on the strength of its rapidly expanding mobile business, the technology and Internet company said Thursday.

SAN FRANCISCO - After seeing Cisco Systems Inc.'s market value plunge $50 billion over the past six months, investors were relieved that the networking equipment maker managed to weather U.S. economic turbulence better than expected in its fiscal third quarter.

Yahoo plans to soon roll out its Panama search advertising platform in the few remaining markets in Asia and Latin America...

NEW YORK (Reuters) - Cisco Systems Inc gave a cautious business outlook on Tuesday, although its quarterly results exceeded expectations as rising Internet traffic fueled demand for network equipment.

After spooking investors in the first two quarters, tech bellwether Cisco Systems gave some reassuring news on Tuesday, edging past analysts' third-quarter forecasts and predicting a solid fourth.

Microsoft wanted Yahoo in order to better challenge Google, but it appears it didn't need Yahoo's search ad system, Panama.

The march of Apple's iPhone around the world is picking up steam. Vodafone announced Tuesday that it has signed an agreement with the Cupertino, Calif.-based Apple to sell the device in 10 markets.

CHICAGO (Reuters) - Some option players are placing last-minute bullish bets on Cisco Systems Inc hoping for encouraging quarterly results from the technology company.

Facing shareholder ire and a plunging stock price, Yahoo CEO Jerry Yang said Yahoo board members would still sell the company...

SEATTLE - The prevailing sentiment among Wall Street stock analysts and Internet advertising experts is that Microsoft may yet reel in Yahoo following Microsoft CEO Steve Ballmer's withdrawal of the software giant's sweetened $47.5 billion offer.

SAN FRANCISCO - When Yahoo Inc. holds its annual meeting July 3, expect fireworks from irate shareholders seeking retribution for the company's decision to remain independent instead of accepting a $47.5 billion takeover offer from Microsoft Corp.

Yahoo's stock lost significant value on Monday, the first day of trading after Microsoft's decision over the weekend to give...

Yahoo co-founders Jerry Yang and David Filo wanted $37 per share because they believed that Microsoft's offer undervalued their company.

After rejecting Microsoft's final $33-a-share takeover bid, analysts say that the Web's leading portal will have to meet its own lofty sales forecasts, partner with rival Google or sell an equity stake to a big outsider such as Time Warner to appease shareholders.

Sure, things look rough for Yahoo Inc. and Microsoft Corp. after they couldn't agree on a deal. Yahoo's stock has cratered, and its would-be suitor has to figure out another way to catch up in the online ad market, a flaw so big Microsoft was willing to pay $47.5 billion to fix it.

Just two days after Microsoft pulled out of merger talks, Yahoo's stock dropped more than 15%, erasing roughly $6.5 billion in market value.

After months of playing cat and mouse, it appears the Microsoft-Yahoo merger is dead. Microsoft walked away from the Yahoo acquisition over the weekend, and Yahoo's stock is feeling the impact. But is this really the end of the saga?

As expected, Yahoo's stock took a hit after the U.S. financial markets opened Monday morning, as investors react to...

Positive earnings news this week from vendors including Symantec, Adobe and Comcast, along with macroeconomic news, continued...

TAIPEI, Taiwan - Taiwan Semiconductor Manufacturing Co., the world's largest contract chip maker by revenue, reported better-than-expected first-quarter net profit as its margins improved.

The reductions will take effect this week in South Korea, Taiwan, Hong Kong and Singapore.

GENEVA - European chip maker STMicroelectronics NV, hit by costs from a spinoff and an acquisition, reported a loss for the first quarter and fell short of Wall Street expectations, but its shares rose Tuesday on its optimistic outlook.

SAN FRANCISCO (Reuters) - Microsoft Corp said on Tuesday it is cutting prices on the Xbox 360 in four Asian regions by as much as 20 percent in an effort to expand the audience for the video game console.

Taiwan Semiconductor Manufacturing (TSMC) said exchange rates depressed first quarter revenue and earnings, exaggerating a...

An overwhelming majority of Wall Street analysts see Microsoft preparing shortly to launch a hostile bid for Yahoo at its current price of $31 per share in cash and stock, a Reuters poll found.

Microsoft's stock was down Friday, but Yahoo may not have much reason to hope for a higher price in the acquisition drama. Despite lower-than-expected revenues, analysts said Microsoft isn't likely to raise its takeover bid.

SEATTLE (Reuters) - Microsoft Corp disappointed investors looking for stellar earnings on Thursday with soft Windows software sales and a below-target profit forecast, which overshadowed a strong outlook for next year.