NY Times Technology News

Apple posted a higher quarterly profit as the company saw strong sales of its Macintosh computers and sold 270,000 iPhones.

Apple’s shares fell 6 percent after AT&T said the early surge of iPhone buyers starting service on its network was smaller than some analysts had anticipated.

Qualcomm's net profit rose to $798 million, or 47 cents share for its fiscal third quarter ended in June, from $643 million, or 37 cents a share in the year-ago quarter.

E-Trade reported a slight increase in its second-quarter profit that topped Wall Street’s expectations though revenue fell short of what analysts had been expecting.

Hewlett-Packard said it had agreed to pay $1.6 billion for software maker Opsware, giving a hefty payoff to Opsware founder, Marc Andreessen.

The companies cited robust demand for consumer electronics, though Matsushita, the maker of Panasonic products, said plasma TV sales dipped on sliding prices.

The social network site named former YouTube Chief Financial Officer Gideon Yu as its new C.F.O., replacing prior finance chief Michael Sheridan.

Microsoft said it will pipe advertisements into a slate of popular sports video games from Electronic Arts, including its best-selling "Madden" football franchise.

The gamemaker raised its annual outlook above market expectations after quarterly operating profit more than tripled on robust demand for its game machines.

The company posted a 2.3 percent increase in net income from a year earlier, reflecting strength in revenue from financing and office equipment servicing and supplies.

The computer printer maker said its financial woes would stretch into the third quarter because of factors including higher-than-expected costs to make some new printers.

Pacific Gas & Electric, Northern California’s major utility, is announcing a commitment on Wednesday to make one of the largest ever solar power purchases.

The company confirmed that is ready to test plug-in hybrids, setting up a direct challenge with General Motors to develop such vehicles.

The company said second-quarter profit rose 7 percent, to $460 million, helped by higher information technology sales and an insurance gain at its shipbuilding unit.

TiVo hopes to widen its appeal with a $299.99 high-definition digital video recorder.

For the quarter, EMC, the world’s No. 1 maker of corporate data storage equipment, beat analysts’ estimates.

The online retailer announced Tuesday that its second-quarter net income increased more than threefold, with revenue up 35 percent.

The arrests and seizures came at a time American politicians and executives are pressing China to take strong measures to curb software piracy.

The company will begin offering its employees in the United States specialized savings accounts for training and education.

The Lockheed Martin Corporation and the Northrop Grumman Corporation, two of the world’s biggest military contractors, reported higher-than-expected second-quarter profit yesterday as a result of strong fighter jet, technology and satellite sales.