The world's largest mobile phone maker isn't recession-proof, as sales -- and demand -- takes a nose-dive. Earnings for the world's largest cell phone maker plummeted to €122 million -- down from €1.2 billion a year earlier -- on a decrease in revenue that saw Nokia's (NYSE: NOK) sales drop from €12.6 billion to €9.2 billion compared to a year ago. On a per-share basis, Nokia reported a €0.03 profit, down sharply…
Читать дальше Nokia Earnings Plummet 90% as Demand Sours

The tech sector added to its gains on Wednesday, thanks to iPods, PayPal and upgrades. The Nasdaq tacked on another 1% to Tuesday's big gains, while HP (NYSE: HPQ), Apple (NASDAQ: AAPL) and eBay (NASDAQ: EBAY) led the tech sector higher. Apple rose 4.6% after the company unveiled its latest iPod. HP shares surged 5.8% on a UBS upgrade on valuation. The company's shares have fallen sharply since it reported lower than expected…
Читать дальше Apple, HP Lead As Tech Stocks Extend Gains

Good news for Dell, Cisco and Apple investors just meant falling less than the rest of the stock market. The 16-month-old bear market added another "worst ever" to its list of accomplishments today, sending stocks plunging in the weakest start to the month of March in market history. Every stock in the big-cap Nasdaq 100 ended the day lower — with the lone exception of drug developer Warner Chilcott (NASDAQ: WCRX), which…
Читать дальше Upgrades Can't Save Dell, Cisco

Tech stocks continue to be the stock market's one bright spot. Stocks rebounded sharply Wednesday on better than expected results from IBM (NYSE: IBM) and news that CEOs at some of the nation's biggest banks were buying shares in their battered companies. IBM shares rocketed 11.5% on the company's strong earnings report, and Apple (NASDAQ: AAPL) kept the party going after hours when it soared 9% on a much better than expected…
Читать дальше Apple, IBM Lead Stock Market Rebound