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For online shoppers, making a purchase often seems relatively straightforward. Point and click, check the order, enter credit card information, and the transaction is a done deal. Authorization is delivered within seconds. Behind the scenes, it is not so easy. In the blink of an eye between an in...

After posting disappointing financial results and warning Wall Street that it would be tough to meet forecasts, IBM plans to cut $1 billion to $2 billion in costs starting this year, company CEO Sam Palmisano told financial analysts. Palmisano stopped short of detailing exactly how IBM will cut c...

Sears Roebuck & Co. has announced it will pay a staggering $1.9 billion to buy Lands' End, the largest specialty clothing retailer in both online and catalog sales, in an effort to edge ahead of competitors like J.C. Penney. The deal will let Lands' End work its Internet magic on the Sears.co...

In what would be its largest reduction in nearly a decade, IBM reportedly will soon lay off as many as 8,000 workers. Company officials already have issued an earnings warning for the second quarter. "People internally had been expecting this," Harry Tse, vice president of research at the Yankee ...

The high-tech industry breathed a collective sigh of relief as Cisco reported that its third-quarter operating profit more than tripled to $838 million from the year-ago period. The company also booked a net profit of $729 million, compared with last year's huge net loss. But Giga Information Gro...

EBay may have an imperfect business model, as Yankee Group analyst Rob Lancaster told the E-Commerce Times, but users clearly are buying into that model, and the auction giant eventually could overshadow other e-tailers as it extends its reach into other areas of e-commerce. Andrew Bartels, an an...

Hewlett-Packard shares inched up as the company traded for the first time under its new ticker symbol on the New York Stock Exchange, HPQ, following its merger with Compaq. But mixed reactions from analysts reflected a variety of concerns. Even though the merger created a $22 billion computing po...

The nine states suing Microsoft for antitrust violations have accused the Redmond, Washington-based software maker of plotting to monopolize the media player market and edge out market leader RealNetworks. Bolstering that contention, an attorney for the states produced an e-mail sent in 1999 by M...

America Online has dumped Overture's pay-for-placement search service in favor of Google's similar AdWords offering, depriving Overture of one of its biggest customers and sending the company's shares plummeting nearly 36 percent. Overture said it expects net income in the second quarter will amo...

Hewlett-Packard has received a green light from a Delaware court to pursue its plans to merge with Compaq. The $18 billion deal hung in the balance while the court heard a suit brought by dissident shareholder and former HP director Walter Hewlett. But Delaware Judge William Chandler was not sway...

VeriSign shares plummeted more than 45 percent after the company announced worse than expected first-quarter results and lowered its guidance for the second quarter. The company recorded a net loss of $328 million for the first quarter. VeriSign chairman, president and CEO Stratton Sclavos said t...

Network Associates shares tumbled more than 20 percent to $19 as the security company withdrew its $224 million offer to purchase the 25 percent of McAfee.com it does not already own. The company tabled the offer, which it made in early April, after a check of its books during a tax filing found ...

With a first-quarter net loss of $54.2 billion, one of the largest ever recorded, AOL Time Warner's earnings news drifted like a black cloud over a week that previously had seemed mostly positive for the technology and Internet industries. The company took a massive hit in advertising and commerc...

Amazon.com finished the first quarter of 2002 with a net loss of $23 million, but both the company and Wall Street seemed to view that outcome as a good one. Indeed, the first-quarter loss is an improvement over the same period last year, when the e-tailer reported a net loss of $234 million, spa...

PC maker Gateway has introduced a sleek new design for some of its desktop and notebook computers. Gone are the ivory-colored desktop shells and the flat black finish that characterized the company's notebook line. In their stead is a new platinum case with graphite accents. "Particularly in the ...

Microsoft chairman Bill Gates will take the witness stand to testify in the government's ongoing antitrust trial against the software giant, the company announced. Gates's appearance will mark the first time he has testified in person during the proceedings. He is expected to stress that the reme...

As expected, eBay met estimates in what is turning out to be a mostly positive earnings season. The company reported a first-quarter profit of $47.6 million, more than double the $21.1 million it booked in the year-ago period. Revenue swelled 59 percent, from $154.1 million a year ago to $245.1 m...

Adding credence to a growing belief that the technology market is slowly regaining its balance, Apple Computer has reported a significant profit and a rise in revenue. Customers demanding the computer maker's revamped desktop iMac helped push its second-quarter profit to $40 million, nearly equal...

While it is still too early to declare the technology market in full economic rebound, Intel's modest 2.2 percent year-over-year revenue gain -- to $6.8 billion -- in the first quarter of 2002 indicates that the market is slowly creeping out of decline. Net income in the first quarter grew 86 per...

The merger of Hewlett-Packard and Compaq hit another potential snag as the U.S. Securities and Exchange Commission (SEC) and federal prosecutors in New York decided to take a closer look at HP's dealings with at least two large investors whose votes were key to merger approval. But an HP spokespe...