June is off to a rocky in the markets for technology companies as shares slump in the wake of troubling economic reports, though cooler heads appear to have confidence in the sector for the long term.

Problems with the rollout of an Oracle JD Edwards ERP (enterprise resource planning) system have forced a Pennsylvania construction company to delay the filing of its fiscal 2012 annual report with the U.S. Securities and Exchange Commission.

Research In Motion has warned that it expects an operating loss for the current quarter and has hired two investment banks to help it study alternative company strategies that might include licensing its OS.

Lenovo's net profit for its fiscal fourth quarter grew by 59 per cent, as the world's second largest PC maker saw continued growth in sales across both mature and emerging markets.

Dell has reported a drop in profits for the first quarter, weighed down by a revenue decrease and slower sales of consumer products.

Vodafone reported a 12.7 percent drop in net profit for the year to March 31, blaming economic conditions in Europe.

Apple (AAPL - NASDAQ) is warning investors that returns for the current second quarter will be lower than projections, triggering widespread and feverish speculation that the fall-off is due to swirling rumors about an early summer launch for iPhone 5.

A range of tech vendors including Cisco Systems, Silicon Graphics International, BMC Software and CA Technologies this week reported quarterly earnings that had some solid numbers, but a cautious outlook for the rest of the year is spooking market watchers.

With Dell's missed first-quarter sales forecast this week, a development that knocked its share price down as much as 5 per cent the next day, Dell CFO, Brian Gladden, has emerged with its CEO, Michael Dell, as a second spokesperson for the personal-computer company's future.