Dell shares fell Friday after the PC maker posted a 51 per cent profit decline, but the Nasdaq edged up, gaining 5.2 per cent for the week.

Originally by WSJ.com: What's News Technology, 9:18 PM

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Microsoft fell far short of its goal to buy back up to $20 billion of its shares, but analysts attributed the results to investors' belief that the stock will climb higher.

Originally by WSJ.com: What's News Technology, 11:18 PM

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Seagate Technology, manufacturer of storage computer hardware, has almost completed its acquisition of Maxtor Corporation, a one-time competitor in consumer and enterprise hard disk drive market. Apparently, the merger — announced late last year — has now been approved by shareholders and will close within the week.

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It seems the United States gaming industry is unhappy with an old statute that has the effect of preventing electronic gambling.

‘It represents an enormous opportunity’, said Alan Feldman, spokesman for US-based MGM Mirage, the world’s second-largest gaming operator. ‘And it is an opportunity that is being completely handed to foreign companies right now.’  Read more »

Almost a week after a news site revealed Apple Computer's nine-year GC, Nancy Heinen, had left the company, it remains unclear whether one of Silicon Valley's highest-ranking female attorneys was forced to leave or had resigned -- or even when her last day was. Although the company is notoriously tight-lipped about executive departures, the mystery with which Apple has shrouded the matter has raised some eyebrows. Heinen is one of three high-level executives to leave Apple since March.  Read more »

The announcement prompted questions about how the product would fit into the Chinese government's program of communications surveillance and censorship.

Originally by NYT > Technology, 1:42 PM

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The Microsoft-Google rivalry is shaping up as a titanic corporate clash for the ages.

Originally by NYT > Technology, 1:41 PM

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Microsoft's chief executive officer, Steve Ballmer, defending company spending plans that have triggered a 12 percent stock price drop since last Thursday, wrote to employees in an e-mail: "Throughout our history, Microsoft has won by making big, bold bets."  Read more »

But earnings upright after wobble

Google shrugged off the gloom that followed its previous earnings statement with a strong first quarter. The advertising monster reported a profit of $592m for Q1 2006. That's up from the $372m reported in January, which caused $18bn to be wiped off Google's value.…

Originally by The Register - Internet and Law: Wild Wild Web, 10:50 AM  Read more »

New Year hangover

The rate of Yahoo!'s net income growth slowed in the first three months of 2006. Compared to Q1 2005, Yahoo! recorded 33 per cent higher revenues after traffic acquisition costs (TAC) are deducted, and operating income 26 per cent higher year-on year.…

Originally by The Register - Internet and Law: Wild Wild Web, 10:50 AM

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