SAN FRANCISCO (MarketWatch) -- Marvell Technology Group said Thursday afternoon that earnings dell sharply in the first fiscal quarter, but the adjusted results surpassed Wall Street's expectations. For the period ended May 4, Marvell reported net income of $53.2 million, or 11 cents a share, compared with net income of $95 million, or 16 cents a share, for the same ...

By Michelle Sierra NEW YORK (Reuters) - Activist investor Carl Icahn and Southeastern Asset Management Inc have initiated talks with banks and asset managers to line up commitments for as much as $7 billion in bridge loans to back their leveraged recapitalization proposal for Dell Inc, banking sources told Thomson Reuters LPC on Thursday. Jefferies & Co is leading the ...

NEW YORK (TheStreet) -- Did Saks Inc. hang a sale sign out for itself because of a hot market for luxury retail leveraged buyouts or because it's in the crosshairs of a strategic acquirer?Those were the possibilities Wall Street bankers and analysts kicked around after The New York Post broke the news Tuesday that the iconic New York department store ...

Hewlett-Packard Co.reported a steep sales drop in its personal computer business. But the tech giant managed to keep the business profitable, likely by taking the opposite tact of rival Dell: It appears to have refrained from huge price cuts, a move instigated by Dell this quarter in order to gain market share.

Hewlett Packard just reported its quarterly earnings and we're covering live. Hewlett-Packard posted Q2 EPS of $0.87, $0.06 better than expected. Revenues were $27.6 billion versus the consensus estimate of $28.12 billion. Analysts were looking for 81 cents for earnings per share and 28.12 billion in revenue. That's was a lowball expectation, representing about an 8% drop in revenues and ...