Computer Hardware News
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A Virginian who the government said posed as a CIA agent and recruited people to rob banks was sentenced to time served and three years of court supervision as part of a plea deal with prosecutors.
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Barry H. Berke was named co-chairman of Kramer Levin Naftalis & Frankel LLP’s 90-lawyer litigation department alongside longtime Chairman Gary P. Naftalis.
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International Business Machines Corp. Chief Executive Officer Ginni Rometty, facing more skeptical investors after the company missed quarterly earnings estimates for the first time in eight years, said she remains confident about reaching long-term profit goals.
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Microsoft Corp. tumbled the most in more than a year after Goldman Sachs Group Inc. said the software maker is struggling with slack personal-computer sales and its push into consumer devices has failed to gain traction.
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Allscripts Healthcare Solutions Inc., a provider of electronic medical records, dropped a lawsuit against New York City Health & Hospitals Corp. over a $303 million contract given to another company.
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Microsoft Corp. has sold about 1.5 million Surface devices, people with knowledge of the company’s sales said, a slow start in its bid to crack the fast-growing tablet market to make up for slumping personal-computer demand.
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Nvidia Corp. Chief Executive Officer Jen-Hsun Huang said he’s disappointed with sales of tablets running Microsoft Corp.’s Windows RT software, including those with processors from the graphics-chip maker.
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Oracle Corp. reported fiscal first- quarter revenue that missed analysts’ estimates as sales of computer hardware fell for a sixth straight period, curbing growth as it navigates a shift to cloud-computing services.
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Dell Inc. is targeting annual software sales of $5 billion in the coming years, more than triple current levels, as it expands beyond computer hardware, said John Swainson, president of the software division.
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Akamai Technologies Inc., TriQuint Semiconductor Inc. and other technology companies tumbled in U.S. trading after profit forecasts missed analysts’ estimates.
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