Red Hat, Tibco and Apple helped buoy technology investor confidence this week even as economic concerns caused volatility in the markets.
IBM announced Monday that it will acquire Netezza for approximately $1.7 billion in cash in an effort to expand its business analytics offerings.
Oracle and RIM earnings, HP's acquisition of ArcSight and good economic news this week helped boost excitement and investor confidence in the tech sector.
Good macroeconomic news boosted the markets this week but tech stocks are still down for the year.
HP and Dell results failed to spark a rally in tech stocks.
Intel plans to acquire security vendor McAfee in a cash deal valued at about $7.68 billion.
Despite increasing profit and sales in the tech sector, investors are still anxious about long-term economic recovery.
Revenue from chip sales and mobile services remains a bright spot, as concerns about the economy continue to dampen share prices for IT vendors.
A court-appointed special master has rejected class-action status in an antitrust lawsuit against Intel.
The Dell SEC case serves as a cautionary tale in an earnings season where good results are expected.
A wave of tech vendor quarterly reports from bellwethers this week have gone a long way to bolster confidence in a continued recovery for the IT sector.
Technology stocks, battered by doubts about the global economy, appear to be recovering a bit this week.
Uncertainty about the global economy has put a damper on tech vendor share prices, which ended the first half Wednesday in negative territory for the year.
The VC market is opening up to social networking and cloud security.
A strong rise in major U.S. indexes this week shows that IT is playing an important part in helping investors stay hopeful for the rest of the year.