Lenovo, China's largest PC vendor, reported strong net profit growth in the third quarter as it increased market share in China and gauged brisk sales of laptops and smartphones.

Dell on Tuesday reported a 177 percent year-over-year increase in net income for its fourth fiscal quarter of 2011, driven by growth in enterprise server and PC sales.

IT departments in the manufacturing vertical are likely to increase their spending to support business applications in 2011, according to an IDC report.

In its first earnings report since becoming a standalone company, Motorola Mobility said it was profitable in the fourth quarter of 2010 and shipped more than twice as many smartphones during the quarter as it did in all of 2009.

Advanced Micro Devices (AMD) on Thursday reported net profit for the fourth quarter that beat forecasts, due mainly to income from a patent license and a legal settlement with Samsung.

Four Hewlett-Packard board members who reportedly played a central role in the company's decision about whether to replace CEO Mark Hurd are themselves being replaced, HP announced Thursday after U.S. financial markets closed.

Apple on Tuesday reported record revenue of US$26.74 billion for its first fiscal quarter, driven by sales of iPhones, Macs and iPads.

The number of companies planning to invest in their ERP (enterprise resource planning) systems will drop slightly this year, according to a Forrester Research report, even as IT spending overall is expected to rise.

SAP on Thursday reported preliminary results for the fourth quarter and year ending Dec. 31 that showed a strong uptick in software revenue, spurred in part by its acquisition of Sybase last year.

The U.S. Department of Justice is preparing documents for an antitrust challenge of Google's planned acquisition of travel software maker ITA Software, according to reports from Bloomberg and the Wall Street Journal.

Wireless technology provider Qualcomm is in advanced talks to acquire Atheros Communications, a major vendor of Wi-Fi chips, according to news reports on Tuesday.

Sony's long-rumored PlayStation Phone could soon become a reality. The company will launch a device blending the features of a PlayStation Portable and cell phone in the spring of 2011, according to a report in Japan's Asahi Shimbun newspaper on Tuesday.

For the first time in the company's history, Adobe Systems has generated over US$1 billion in revenue within a single fiscal quarter, it reported Monday.

The U.S. Securities and Exchange Commission has opened an information investigation into the circumstances surrounding Mark Hurd's departure from Hewlett-Packard, The Wall Street Journal reported Monday.

European regulators are looking closely at Intel's planned McAfee acquisition and may hold up the deal with an investigation, according to a report published Friday.

Yahoo confirmed that it has laid off 600 people, following news reports often based on Twitter messages from employees who had been let go.

At next month's Consumer Electronics Show in Las Vegas, Microsoft will demonstrate a number of new Windows-run tablets and possibly even an early version of the next generation Windows 8 operating system, according to reports.

An increasing number of contributions to the open-source Linux kernel are coming from mobile and embedded equipment vendors, according to an annual report about to be released by the Linux Foundation.

Strong earnings from Dell and Salesforce.com, a positive report on online ad spending and two Internet IPOs this week highlighted underlying strength in the tech sector despite worries about the economy.

Dell on Thursday reported a growth in profits and revenue for the third quarter of fiscal 2011, driven by strong demand for the company's commercial products.