While cloud-based and digital transformation-related services are contributing to Microsoft's bottom line, its PC sales have proven to be a drag and Windows Phone revenues are crashing, the company said.
Giant chipmaker Intel is cutting 12,000 jobs -- about 11 percent of its workforce -- as it reorganizes to confront a decline in sales of personal computers and tries to expand into other types of computing.
The European Union is broadening its battle with Google, alleging that the tech giant rigs the global market for mobile apps by making its Android OS give preferential treatment to its own products.
Beleagured tech pioneer Yahoo may have hung out a "for sale" sign, but that hasn't done much to improve its curb appeal: The company posted a first quarter loss on a sharp drop in net revenue.
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