News

• Wall Street Beat: Hardware, chip sales shine

  By Marc Ferranti | 11 June, 2010 07:22

  Upbeat sales reports and forecasts continue to pour in for the PC and chip market, offering yet more evidence that economic recovery has already spurred a worldwide resurgence in spending on hardware.

• Wall Street Beat: IT leads market rally

  By Marc Ferranti | 28 May, 2010 08:16

  Are shares of IT vendors set to rise again? Fueled by strong sales reports from Lenovo and NetApp, tech stocks led a broad market rally Thursday that was generally ascribed to news about China's confidence in Europe, which faces a debt crisis in Greece and other Mediterranean countries.

• Wall Street to install 'circuit breaker' to head off market gyrations

  By Lucas Mearian | 20 May, 2010 04:12

  Regulators plan to enact new rules to curb the type of market volatility behind the May 6 "flash crash" that caused the Dow to plunge almost 1,000 points in a half hour. The goal is to head off market gyrations that can be exacerbated by automated high-speed trading.

• Mac sales to set another record, says analyst

  By Gregg Keizer | 01 January, 2010 21:57

  Apple will report selling another record number of Macs in the final quarter of 2009 when it unveils its financial figures later this month, a Wall Street analyst said Thursday in a note to clients.

• Wall Street Beat: After yearly high, doubts remain for tech

  By Marc Ferranti | 20 November, 2009 09:22

  In a tumultuous week on the market, the attention of IT investors was captured by a mixed bag of acquisition activity and earnings news from the hardware and chip arena -- a sector that is supposed to help lead tech out of the recession.

• Programmer steals Wall Street trading code, FBI alleges

  By Gregg Keizer | 07 July, 2009 08:16

  A high-level developer for a major Wall Street firm was arrested by the FBI on Friday and charged with stealing computer code that automates high-volume trading on stock and commodities markets, according to court documents.

• Sun blames Wall Street for $1.7B loss

  By Robert McMillan | 31 October, 2008 08:22

  Blaming the downturn in the financial sector, Sun Microsystems reported a US$1.68 billion loss for its most recent fiscal quarter on Thursday.

• IT security spending not darkened by economic gloom

  By Ellen Messmer | 29 October, 2008 09:14

  The global financial crisis so visible this past month is beginning to take its toll on information-technology spending, though IT security spending is expected to be spared in what many think will be a dismal coming year.

• Open sourcing code may improve transparency on Wall Street

  By Patrick Thibodeau | 10 October, 2008 09:00

  The full depth of IT's involvement in Wall Street's meltdown is unknown, but one plan to stop it from happening again calls upon a growing IT trend: open source.

• Wall Street's collapse puts US IT spending in (some) peril

  By Patrick Thibodeau | 07 October, 2008 08:19

  The overall economic cost of Wall Street's collapse has yet to be totaled. But it's clear that IT departments will be laboring under some changed conditions in the months ahead.

• The tech sector's silent alarm: Venture capital drying up

  By Patrick Thibodeau | 02 October, 2008 09:30

  The tech sector is experiencing a crash -- not of stock prices, which rebounded somewhat on Wall Street on Tuesday -- but in its ability to take new companies public.

• Black Monday hits tech stocks, likely to affect US IT workforce

  By Patrick Thibodeau | 01 October, 2008 08:16

  Wall Street's 777-point sell-off on Monday signaled that the US tech sector is unlikely to emerge unscathed by the economic downturn -- with companies being hit in unexpected ways. Just look what happened to Apple, which has been performing strongly in recent quarters.