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For online shoppers, making a purchase often seems relatively straightforward. Point and click, check the order, enter credit card information, and the transaction is a done deal. Authorization is delivered within seconds ...

After posting disappointing financial results and warning Wall Street that it would be tough to meet forecasts, IBM plans to cut US$1 billion to $2 billion in costs starting this year, company CEO Sam Palmisano told financial analysts ...

It is fitting, somehow, that the company whose name became synonymous with catalog sales will buy the company that has become the largest specialty clothing retailer in both Internet and catalog sales for a staggering US$1.9 billion. ...

In what would be its largest reduction in nearly a decade, IBM reportedly will soon lay off as many as 8,000 workers ...

The high-tech industry breathed a collective sigh of relief Tuesday as Cisco reported that its third-quarter operating profit more than tripled to $838 million from the year-ago period. The company also booked a net profit of $729 million, compared with last year's net loss ...

EBay may have an imperfect business model, as Yankee Group analyst Rob Lancaster told the E-Commerce Times, but users clearly are buying into that model, and the auction giant eventually could overshadow other e-tailers as it extends its reach into other areas of e-commerce ...

Hewlett-Packard shares inched up Monday on news that the company has completed its merger with Compaq. Shares rose 78 U.S. cents, or 4.47 percent, to close at $18.22 as company stock traded under the new ticker symbol HPQ on the New York Stock Exchange. ...

The nine states suing Microsoft for antitrust violations have accused the Redmond, Washington-based software maker of plotting to monopolize the media player market and edge out market leader RealNetworks. But a Microsoft executive who took the witness stand during the antitrust trial denied the claims ...

America Online has dumped Overture's pay-for-placement search service in favor of Google's similar AdWords offering, depriving Overture of one of its biggest customers and sending the company's shares plummeting nearly 36 percent ...

Hewlett-Packard got the green light late Tuesday from a Delaware court to continue with its plans to merge with Compaq ...

VeriSign shares plummeted more than 45 percent Friday after the company announced worse than expected first-quarter results and lowered its guidance for the second quarter ...

Network Associates (NA) shares tumbled Wednesday, dropping more than 20 percent to US$19, as the security company withdrew its $224 million offer to purchase the 25 percent of McAfee.com it does not already own ...

With a first-quarter net loss of US$54.2 billion, one of the largest ever recorded, AOL Time Warner's earnings news drifted like a black cloud over a week that previously had seemed mostly positive for the technology and Internet industries. ...

Amazon.com may have finished the first quarter of 2002 with a net loss of US$23 million, but both the company and Wall Street seem to view that outcome as a good one. ...

As Gateway sees it, looks count in personal computing, particularly in the mobile sector. The company has introduced a sleek new design for its 500 desktop series and its Gateway 200, Gateway 450 and Gateway 600 notebook computers ...

Microsoft chairman Bill Gates will take the witness stand Monday to testify in the government's ongoing antitrust trial against the Redmond, Washington-based software giant ...

As expected, eBay met estimates in what is turning out to be a mostly positive earnings season. The company reported first-quarter earnings that were more than double what it booked in the year-ago period ...

Adding credence to a growing belief that the technology market is slowly regaining its balance, Apple Computer reported on Wednesday a significant profit and a rise in revenue. ...

While it is still too early to declare the technology market in full economic rebound, Intel's modest 2.2 percent year-over-year revenue gain -- to US$6.8 billion -- in the first quarter of 2002 indicates that the market is slowly creeping out of decline. ...

The merger of Hewlett-Packard and Compaq hit another potential snag Monday as the U.S. Securities and Exchange Commission (SEC) and federal prosecutors in New York decided to take a closer look at HP's dealings with at least two large investors whose votes were key to approval of the merger ...