Nortel Networks Corp. issued a revenue warning yesterday predicting lower than expected first-quarter financial results and said it will lay off a further 5,000 staff.
As part of its strategy for pulling out of the damaging U.S. economic slump, Hewlett-Packard Co. released a range of mobile computing products here Wednesday on the eve of the CeBIT trade show. Carly Fiorina, HP's CEO, chairman and president, spoke somberly about the company's recent slump while also outlining the company has a plan of action for future success.
NCR Corp. filed a lawsuit earlier this week that could send ripples through the handheld market, as the company alleges it possesses patents to the types of devices developed by Palm Inc. and Handspring Inc.
Intel Corp. became the latest victim of a slowing U.S. economy Thursday, when the company announced it would drastically reduce its workforce and slashed revenue expectations for its first fiscal quarter.
File swapping on the Internet hit a sour note Tuesday with the appearance of a virus that attacks users of the Gnutella file-sharing service and that several anti-virus vendors say is the first virus to affect peer-to-peer communications.
IBM Corp. launched an assault Friday against rival Sun Microsystems Inc., charging that Sun has engaged in a "desperate effort" to claim the lead in worldwide server sales. Big Blue shot back at Sun by citing new research figures due next week from Dataquest Inc. that put IBM atop the worldwide server market.