Technology

Black Market iPhones iPhones hot even in places Apple has yet to reach
In the Soviet days, Russians asked their American friends to bring blue jeans, rock records and other Western goods into the country. Today Russians can buy almost anything they want here - but they are still begging for one item: Apple Inc.'s slick iPhone.

Google Stock Google shares fall after disappointing earnings
Google Inc. shares tumbled more than 9 percent by midday Friday after the Internet search leader's second-quarter earnings missed analysts' expectations.

Microsoft 4Q profit rises, Web ad business rocky
Shares of Microsoft Corp. sank more than 5 percent on Friday, a day after the company missed Wall Street's earnings forecast by a penny, and issued softer-than-expected guidance for the current first quarter.

AMD shares fall after CEO steps down, weak 2Q
Shares of Advanced Micro Devices Inc. fell at the market open Friday, a day after the chip maker reported the departure of Chief Executive Hector Ruiz and reported a wider second-quarter loss than analysts expected.

Sony Ericsson profit tumbles, plans to cut 2K jobs
Mobile phone maker Sony Ericsson on Friday posted a 97 percent drop in second-quarter earnings and said it would slash 2,000 jobs worldwide in a move to cut costs.

Summary Box: Microsoft 4Q profit climbs
CASH COWS: Sales of Office, Windows helped push Microsoft's fiscal fourth-quarter revenue up 18 percent to $15.8 billion.

Summary Box: IBM 2Q profit jumps 22 percent
THE PROFIT: IBM Corp.'s second-quarter profit rose 22 percent, easily beating Wall Street's expectations. The Armonk, N.Y.-based company is benefiting from continued strength in its services division despite growing economic worries.

Summary box: Google gives give new reason to worry
RED FLAG: Although its growth rate remains impressive, Google's earnings missed analyst estimates and CEO Eric Schmidt acknowledged the economic climate is "challenging."

Albom Kindle AP Exclusive: A digital Albom through Kindle
Mitch Albom has a new book out - well, not really a book, but a commencement speech in book form. And not in traditional book form, but as an e-book, published exclusively through Amazon.com's Kindle reader.

Summary Box: AMD changes CEO amid struggles
COMMAND CHANGE: Hector Ruiz, 62, is done as CEO at chip maker Advanced Micro Devices Inc. after six turbulent years. He now is executive chairman.

Wind Power Texas approves major new wind power project
Texas, headquarters of America's oil industry, is about to stake a fortune on wind power.

Analysts: Tough conditions won't kill radio deal
Meeting a regulator's tough conditions for approval of Sirius Satellite Radio Inc.'s purchase of XM Satellite Radio Holdings Inc. may be tough but isn't likely to derail the deal, analysts said Thursday.

SCO ordered to pay Novell for software royalties
The SCO Group has been ordered to pay Novell Inc. more than $2.5 million in royalties in a dispute over the Unix computer operating system.

At a glance: AMD's new CEO Dirk Meyer
NAME: Derrick "Dirk" Meyer.

AMD CEO steps down as chip maker struggles
The CEO of chip maker Advanced Micro Devices Inc. is stepping down.

Earns AMD AMD changes CEO as turnaround pressure intensifies
Under Hector Ruiz's leadership, chip maker Advanced Micro Devices Inc. rose to challenge larger rival Intel Corp. as never before in AMD's nearly 40-year history.

On The Money Microsoft 4Q profit rises; Web ad business rocky
With a Yahoo Inc. search deal uncertain at best, Microsoft Corp. plans to invest hundreds of millions of dollars more than expected in the next year to whip its unprofitable online operations into shape.

IBM ups 2008 earnings target again
IBM Corp. its raising its profit targets for the year - again.

Earns IBM IBM 2Q profit soars on services strength
IBM Corp.'s earnings, used to gauge the health of global technology spending, were a bright spot in an otherwise dreary economic landscape.

Earns Google Economic worries loom over Google's 2Q earnings
Google Inc. has successfully tackled a lot of complex problems during its first decade in business, but even the Internet search leader may be hard pressed to find a way to sustain its rapid earnings growth amid a sputtering economy in the United States and parts of Europe.