Shares of Panasonic Corp fell 11 percent on Friday to their lowest level in over five years after it became the latest Japanese electronics maker to slash its profit forecast due to the economic slump.

Fujitsu Siemens Computers plans to slash around 700 jobs in Germany -- 12 percent of its workforce in the country -- due to continued competitive and economic challenges, it said on Thursday.

Japan's Panasonic Corp cut its annual net profit forecast by 90 percent and announced plans to restructure as the global financial crisis dampens sales of TVs and other electronics.

PC maker Lenovo has announced a Remote Disable Feature which allows users to shut down and freeze a PC by text message.

MySpace, the popular social networking website owned by News Corp, said on Tuesday former MTV executive Courtney Holt will become president of its MySpace Music joint venture with the four major record companies.

Shares of Hewlett-Packard Co fell more than 7 percent on Tuesday on concerns about weak sales of printer ink and personal computers, fed in part by pessimistic quarterly earnings from one of the company's distributors.

Shares of Sanyo Electric fell after a newspaper said Panasonic Corp was seeking to buy Sanyo shares at 120 yen each in a takeover, far below the current stock price and valuing the company at $7.7 billion.

Xerox Corp forecast 2009 profits generally in line with analyst expectations, saying that its steady stream of repeat customers and a recent round of cost cuts will help it weather the economic downturn.

Dell Inc's sales in China slowed last quarter, but Beijing's economic stimulus measures are likely to boost technology spending, the world's No. 2 personal computer maker said on Friday.

Dell Inc, the world's No. 2 PC maker, posted a better-than-expected quarterly profit on Thursday as cost cuts offset lower revenue, sending its shares up about 6 percent.

Microsoft Corp on Thursday filed plans with securities regulators to tap the debt markets, raising money to pay for working capital, share buybacks, or other types of general corporate expenses.

Yahoo Inc announced an expansion of its mobile Web portals to T-mobile, so its smart phone users who get data will have Yahoo search by default.

(Reuters) - Microsoft Corp on Thursday announced a new music subscription plan for owners of its Zune players, which would allow them to keep 10 tracks per month and add them to their permanent collection.

Hewlett-Packard Co posted stronger-than-expected results and forecast full-year profit above Wall Street estimates, underscoring its resilience to an economic crisis that has dragged down other tech companies.

Shares of Yahoo Inc soared 10 percent on Tuesday on hopes that the departure of Jerry Yang, its embattled chief executive, would clear the way for a deal with Microsoft Corp.

Global sales of semiconductors are likely to fall 2.2 percent in 2009 due to weak demand for electronics worldwide, industry group World Semiconductor Trade Statistics said on Tuesday, reversing its May forecast of 5.8 percent growth.

Top handset maker Nokia Oyj said on Friday the world's mobile phone market would fall in the fourth quarter and next year as an economic slowdown crimps consumer demand around the world.

Top handset maker Nokia Oyj said on Friday the world's mobile phone market would fall in the fourth quarter and next year as an economic slowdown crimps consumer demand around the world.

Sun Microsystems Inc said on Friday it will cut 5,000 to 6,000 jobs, as the economic crisis compounds the company's struggles with depressed demand for its high-end business computers.

Nortel Networks Corp , North America's biggest maker of telephone equipment, will have to rely on asset sales to fund its battered operations, and risks running out of money and collapsing under its debt load before 2011, an analyst warned on Thursday.

The current market environment is rife with challenges and requires careful planning of strategy, the co-CEO of Research In Motion said on Thursday as an analyst warned that sales of RIM's BlackBerry smartphones would likely slow.

Chip giant Intel Corp cut its fourth-quarter revenue forecast by about 14 percent citing weak demand across the world and in all its products, indicating the economic crisis is set to hurt computer sales in the holiday season and beyond.

Nortel Networks Corp reported a $3.4 billion quarterly loss on Monday and announced a round of sweeping new cost cuts, including 1,300 layoffs, as a global economic downturn erodes its business and strains its balance sheet.

The film studio Metro-Goldwyn-Mayer (MGM) will release full-length movies on the video sharing site YouTube.

AT&T Inc plans to buy rural phone company Centennial Communications Corp for $944 million in cash to expand its wireless network in Puerto Rico and other regions of the United States.

After nearly a year spent seeking alternatives to Microsoft Corp's buyout offer, Yahoo Inc's Chief Executive Jerry Yang said he believes a deal between the two is still the best option for the beleaguered Internet company.

Google Inc pulled out of a search advertising partnership with Yahoo Inc due to regulatory objections, causing Yahoo shares to rise as investors hoped the move could lead to a resumption of deal talks with Microsoft Corp.

Computer maker Dell Inc has asked employees to consider taking up to five days of unpaid vacation as it struggles to cut costs in the face of weak global demand.

Changan Automobile Group, Ford Motor's China partner, said on Tuesday it will roll out 30 electric cars developed jointly with Electrovaya in Canada before the end of this year, potentially becoming the first Chinese auto maker to tap the North American market.

(Reuters) - One of Apple Inc's top executives, who was part of the development of the iPod, has decided to leave the company and will be replaced by a former employee of International Business Machine Corp, the Wall Street Journal said.

Yahoo Inc and Google Inc have drastically scaled back the scope of their search advertising deal, a person close to the discussions said on Monday, in a last-ditch effort to win U.S. antitrust approval.

Panasonic Corp said nothing has been decided about a potential takeover of rival Sanyo Electric Co Ltd , after sources said the companies had agreed in principle to a deal to create Japan's largest electronics maker.

The deal has since been mired in the regulatory process. In September, the Justice Department hired Sandy Litvack, its former antitrust chief and Walt Disney Co's former vice chairman, to consult on its probe of the search deal.

Eastman Kodak Co slashed its outlook for 2008 revenue growth and earnings, after posting weaker-than-expected quarterly results from higher raw material costs and sluggish sales in its graphics business.

Sony Corp posted a 90 percent fall in quarterly profit as the global slowdown boosted the yen, battered stocks and stoked price competition, and the company kept its annual profit outlook of a 58 percent decline.

Japan's Toshiba Corp posted a 99 percent plunge in quarterly operating profit on Wednesday, dragged down by weakness in its mainstay chip operations, but stuck to its recently revised outlook above expectations.

Google Inc has reached a legal settlement with authors and major publishers that paves the way for readers to search through millions of copyrighted books online, browse passages and purchase copies.

Chip giant Intel Corp's chief executive said on Tuesday that its investments around the world are proceeding as originally planned, but that some disruption from the global financial crisis was unavoidable.

(Reuters) - Big tech companies are filling the void left by banks and specialty lenders that are retrenching and making financing more difficult for smaller tech firms, the Wall Street Journal said.

Russia’s Federal Anti-Monopoly Service (FAS) has rejected Google’s attempted purchase of advertising agency Begun, saying it was not given enough information.

Microsoft Corp reported better than expected quarterly profit and reduced its outlook less than many investors had feared in the face of tough economic conditions.

Sony Corp's shares tumbled 14 percent to a 13-year low on Friday after the electronics maker halved its profit forecast, as the credit crisis hurts demand for its cameras and flat TVs and drives up the yen.

Samsung Electronics Co Ltd posted a 44 percent drop in quarterly net profit after sharp declines in flat-screen display and memory chip prices, and forecast a bleak outlook, sending its shares down 14 percent.

Samsung Electronics Co Ltd on Friday posted a 44 percent drop in third-quarter profit as persistent weakness in its memory business offset a solid performance in flat screens and mobile phones.

Business networking site LinkedIn has announced a US$22.7 million investment from McGraw Hill, Goldman Sachs and SAP.

Samsung Electronics Co Ltd, the world's top memory chip maker, withdrew a $5.9 billion unsolicited bid for flash memory card maker SanDisk Corp, citing the U.S. company's deepening losses and uncertain outlook.

Despite the mediations with the Judicial Arbitration and Mediation Services (JAMS) and despite the internet rumours, PsyStar has confirmed that the legal battle with Apple is "very much alive."

Apple Inc reported a stronger-than-expected 26 percent rise in quarterly profit, spurred by strong sales of its new iPhone, and its shares rose 13 percent on Tuesday.

Despite the reported resilience of the technology sector, both Sun Microsystems and Texas Instruments (TI) have warned that profits will likely be lower in the near future.

Toshiba Corp is allegedly interested in buying out a stake in flash manufacturers SanDisk.

Facebook founder and Chief Executive Mark Zuckerberg is speaking to various online music providers about outsourcing song-streaming.

Google Inc profits surpassed Wall Street quarterly forecasts, sending its shares up more than 10 percent as the Internet search and advertising leader held deepening economic gloom at bay.

International Business Machines Corp , the biggest technology services company, said it expects to meet long-term profit forecasts despite economic turmoil, partly due to continued growth in emerging markets.

Microsemi Corporation, the leading semiconductor manufacturer, confirmed that it has bought Babcock Inc, the power supplies manufacturer, in a bid to strengthen and diversify its range.

The world's top cellphone maker Nokia reported weaker-than-expected third-quarter sales and profits, but its positive view on the cellphone market reassured jittery investors.

Technology bellwether Intel Corp posted a 12-percent rise in quarterly profit as the world's biggest computer chipmaker said demand, while uncertain, was holding up despite the global economic crisis.