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The good news for investors in Facebook is that the shares didn’t set a new, post-initial public offering low on Wednesday. But they have come close, trading as low as $18.96 before recovering to $19.40, up 24 cents in late trading.
Online auctioneer eBay (Nasdaq: EBAY) will team with Discover Financial Services (NYSE: DFS) to offer PayPal electronic payments in as many as 7 million U.S. outlets next year, the companies announced. The move is intended to spur e-payments among users of smartphones.
Shares of Dell (Nasdaq: DELL), the No. 3 PC maker, fell another 3 percent early Thursday after the company reported poor second-quarter results. On Wednesday, they fell 7.5 percent.
Hewlett-Packard Co. (NYSE: HPQ), the world’s biggest computer company, has nowhere to go but up. Scheduled to report third-quarter financials after the market close Wednesday, investors and technologists will be watching for signs that its restructuring and massive write-offs are over.
Dell (Nasdaq: DELL), the No. 3 PC maker, reported second-quarter results that missed analyst’ estimates. Worse, the company said it expected third-quarter performance to fall below expectations.
International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker that’s also one of the biggest chipmakers, said it plans to acquire private Texas Memory Systems to bolster its offerings in the flash-memory sector crucial for new servers and mobile products.
Apple (Nasdaq: AAPL), the world's most valuable technology company, kept setting record highs in Tuesday trading. Earlier, its shares hit $674.88, valuing the Cupertino, Calif., company around $630 billion for the first time, more than any other company’s prior value.
Dell is scheduled to report second-quarter results Tuesday below last year’s. For the first time, the company founded by Chairman Michael S. Dell nearly 30 years ago in a dorm room will be ranked No. 3 in PC sales, having lost its No. 2 ranking last quarter to China’s Lenovo Group.
Don’t say technology companies aren’t enormously profitable. An IBTimes review of the cash and investment holdings of 11 of the top technology leaders shows they are sitting atop nearly $375 billion in cash and investments – or about 24 percent more since the last survey nine months ago.
Apple (Nasdaq: AAPL), the world's most valuable technology company, continued its tear as its shares keep setting all-time records in Monday trading. Earlier, its shares hit $664.75, valuing the Cupertino, Calif., company above $621 billion for the first time, more than any other company’s prior value.
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