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News

  • Wall Street Beat: Hardware, chip sales shine

    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

    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.

  • Mac sales to set another record, says analyst

    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

    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

    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.

  • IT security spending not darkened by economic gloom

    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.

  • As stocks drop, NYSE offers refresher on 'circuit-breakers'

    Fears that the major US financial markets would follow other markets as they dropped on Friday prompted the New York Stock Exchange (NYSE) to highlight rules about market-wide trading halts that kick in when indices plummet below certain pre-defined levels.

  • How IT pros can prosper despite economic woes

    As the country collectively holds its breath to see if efforts to shore up the faltering economy succeed, IT professionals should be updating skills, taking on new responsibilities and working to become indispensable to their employers, experts say.

  • The IT worker's Wall Street meltdown worry list

    The only thing that seems clear today is that the US is in a recession and possibly a bad one. No one is certain what will happen next. Events are changing almost by the hour. How much help will a federal bailout deliver to the nation's financial system, which has been hard-hit by the downturn? Will more financial institutions collapse, and how far down will the stock market go? Will you have a job?

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

    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.