eWEEK EDITORS

Direct PC marketer Gateway Inc. reported a larger loss than expected as the company continues to stumble amid an industry-wide downturn in demand and a loss of market share to larger rival Dell Computer Corp. For the second quarter, the company reported a net loss of $61 million, or 19 cents a share, on revenue […]

McData Corp., the second-biggest storage switch maker after rival Brocade Communications Systems Inc., reported better than expected second quarter revenues Thursday of $77.3 million, with $2.6 million and .02 per share in losses, versus last years loss of $5 million and .04 per share. “We made great progress in achieving our long-term goals and near-term […]

Workstation and server maker Sun Microsystems Inc. posted a modest profit today after four consecutive quarterly losses, but ended its fiscal year with a net loss of $628 million. For its fourth quarter, Sun posted a profit of $20 million on sales of $3.4 billion, for a profit of a penny per share, which was […]

Low-power chip designer Transmeta Corp. posted another quarterly loss today and announced plans to lay off 200 employees, amounting to about 40 percent of its work force. For the quarter, Transmeta reported a loss of $35.6 million, or a loss of $0.27 per share. Excluding one-time charges, the chipmaker lost $23.2 million, or 17 cents […]

Stung by ongoing IT spending sluggishness worldwide, IBM on Wednesday reported sharply lower first quarter earnings of $56 million or 3 cents a share. The earnings figure, which included $1.4 billion in restructuring charges, was down from net earnings of $2.04 billion or $1.15 per share in the second quarter of 2001. IBMs results were […]

Two major API-sharing deals among enterprise storage vendors will be announced imminently, sources close to the players said. On Wednesday, Hopkinton, Mass.s EMC Corp. announced an API-sharing deal with Hewlett-Packard Co. Next week, HP will announce a separate such deal with IBM. The sharing of application programming interfaces and the related command-line interfaces lets companies […]

Veritas Software Corp. reported Tuesday that it made a profit of $26 million, or 14 cents per share, in the second quarter this year. The storage software company garnered $365 million in revenue in the quarter ended June 30, compared to the previous quarters $370 million in revenue, officials said. The Mountain View, Calif., company […]

Apple Computer on Tuesday posted quarterly earnings in line with recently lowered market expectations. For the quarter ended June 30, the computer maker posted a net profit of $32 million, or 9 cents per diluted share. These results compare with a net profit of $61 million, or 17 cents per diluted share, in the year […]

Unisys Corp. this week announced two new ES7000 server lines, the Orion and Aries, that are its first to feature Intel Corp.s just-released 64-bit Itanium 2 processors. Unisys, based in Blue Bell, Pa., is counting on Intels high-performance 1GHz Itanium 2 chips to help boost sales of its 32-way ES7000 server and draw shares away […]

Intel Corp.s quarterly earnings came in below Wall Streets already lowered expectations today as the worlds largest PC chipmaker announced it would cut 4,000 jobs, or 5 percent of its work force, in the face of sagging demand for its processors. After the stock market closed Tuesday, Intel, of Santa Clara, Calif., reported second-quarter net […]

Seeking to integrate itself into the center of everyday family life, Microsoft Corp. today formally unveiled a new software platform to be released this fall that is designed to enable PCs to serve as home entertainment centers by offering TV/stereo functionality – including remote control. Microsoft says it will ship Windows XP Media Center Edition, […]