The demand for cellphones is increasing globally, driving up microchip sales by 9.4% in May. Microprocessors partially recovered from a terrible showing in April. However, for April and May, MPUs are down 20%. DSPs are down 7% in spite of an historical 3% increase per month.
There are rumors that Oracle is planning to get an edge over its competitor SAP AG, by purchasing an Asian company, although no clear targets have been singled out yet.
Mercury Interactive, which produces software for testing computer programs are accusing senior managers of overiding controls to prevent option grant dates in their compensation programs.
As the result of investigation of the company's stock option grant practices, Quest Software (QSFT) is in the process of restating results for the fiscal years 2000 though 2005 and the first quarter of 2006 to demonstrate the company's expenses.
The 17 inch iMac will replace the eMac as Apple's primary educational computer for young consumers. The unit will cost $899 and will have the same features as the current iMac.
UBS lowered its price target for AMD to $29 from $33, out of concern that, despite AMD's gains, it faces competitive pressures.