Yahoo expects to cut staff in some areas under a drive to rein in its budget and focus its activities. The exact extent of any future layoffs isn't known, but they may affect hundreds of workers.
Microsoft plans to disclose more of its strategy to take on VMware and others in the field of virtualization. The software giant will relax licensing policies and lower some fees associated with using the technology.
Philips Electronics reported strong profits for the fourth quarter, fueled by two large asset sales, but the conglomerate faces new challenges as consumer spending slows.
LCD makers are reaping their best profits since 2004. Companies from Samsung Electronics to Sharp are investing heavily this year to add LCD capacity, anticipating a boom in demand.
HBO is testing a new online-video service that would let its subscribers watch the pay-cable network's shows on their computers -- or download them to watch on the road.
The Nasdaq slid 4.1% for the week as economic worries rocked Wall Street and tech earnings were mixed. The index wavered Friday, though shares of IBM and AMD advanced.
A laptop containing the personal details of 600,000 new and prospective British military recruits was stolen, the latest in a series of government blunders over data.
IBM said fourth-quarter net rose 12%, as strength in its global services and software businesses offset continued weakness in its hardware division. The tech giant also raised 2008 earnings targets.
FCC chairman Kevin Martin is giving every indication that he intends to continue his fight to bring cable rates down, and Comcast and other cable operators are bracing for a fight.
