Microsoft net profit jumps to $2.55 bn
Seatle: Microsoft Corp. on Thursday announced its first-ever dividend and a two-for-one stock split as the world's largest software maker reported record sales and a quarterly profit that edged past Wall Street expectations.
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Sun Microsystems posts $2 bn loss
California: Computer maker Sun Microsystems Inc. on Thursday reported its largest net loss ever, taking more than $2 billion in acquisition-related charges, but squeezed out a small operating profit thanks to stronger pricing and lower component costs than expected.
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HP takes No. 1 PC maker spot back from Dell
New York: Hewlett-Packard Co. stole the No. 1 worldwide personal computer maker spot back from Dell Computer Corp. during the fourth quarter, research group IDC said on Thursday.
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IBM sales rise but quarterly profit down
New York: International Business Machines Corp. said on Thursday its quarterly profit fell for the sixth quarter in a row, but said computer services revenue rose after buying PriceWaterhousecoopers Consulting.
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Mobile phones boost China Internet firms
Beijing: After years of losses, China's three biggest Internet portals are making a sharp turnaround, posting their first profits and turning into a rare bright spot on the slumping Nasdaq stock market.
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Virgin Blue snaps up 10 Boeing jets
Melbourne: Discount Australian airline Virgin Blue boosted its fleet on Thursday with 10 Boeing Co 737-800 aircraft and an option for 40 more, as it battles Qantas Airways and targets international routes.
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