Cisco Systems posted solid financial results for its most recent quarter on Wednesday, but the networking giant lowered its financial forecast for the months ahead, citing a slowdown in U.S. and European markets.

SAP reported a 10 percent rise in revenue for the fourth quarter, but earnings fell 6 percent compared to a year earlier, dragged down in part by the cost of launching Business ByDesign, a new offering for the mid-market, the company said Wednesday.

Apple reported strong quarterly earnings on Tuesday, boosted by record Macintosh computer and iPhone sales.

Oracle has agreed to buy BEA Systems for about US$8.5 billion, the companies announced Wednesday.

The European Commission ended its antitrust investigation into Apple after the company agreed to reduce the price of music downloads from its iTunes Web site in the U.K., the European Union's antitrust regulator said Wednesday.

Microsoft Corp. announced Tuesday that it would post the release candidate of Windows XP Service Pack 3 to its download site this evening at approximately 6 p.m. Eastern time.

Advanced Micro Devices on Wednesday said it has delayed volume shipments of its quad-core Opteron processors as it fine-tunes the chip.

Google released on Wednesday an iPhone application that puts Google's numerous services into a single interface on a navigation toolbar. Over time, the application will be available for other mobile devices, said Gummi Hafsteinsson, a product manager with the Google mobile team.

Microsoft Corp. will release the first service pack for Office 2007 next week, the company confirmed Wednesday.

T-Mobile continued to sell Apple's iPhone in Germany on Tuesday, despite a legal challenge filed on Monday by rival Vodafone.

Microsoft fired its Chief Information Officer, Stuart Scott, the company confirmed on Tuesday.

Taiwan's Asustek Computer complained on Tuesday of a shortage of Intel central processing units (CPUs) for laptop PCs, but said it didn't expect the problem to affect its sales.

Facebook Inc. will sell a US$240 million minority stake to Microsoft Corp., which as part of the deal will also expand the advertising services it provides to the social networking phenom, the companies said Wednesday in a statement.

The U.S. Congress Tuesday asked Yahoo Inc. to explain alleged false statements the company's attorney gave in testimony last year.

Acer Inc. on Wednesday announced the completion of its acquisition of Gateway Inc., making it officially the third largest PC vendor in the world.

Microsoft Corp. will release critical patches for its Windows and Word software next Tuesday as part of its monthly release of security patches.

Apple Inc. CEO Steve Jobs said Tuesday that it's his company's job to stymie hackers who try to unlock the iPhone -- the first time the company has officially said it would fight attempts to use the popular device on unauthorized networks.

Advanced Micro Devices Inc. sales chief Henri Richard will leave the company in September, AMD said Wednesday.

Business applications vendor SAP AG on Wednesday laid out the future path for its product lifecycle management (PLM) software over the next three-plus years.

Two days after unveiling in the U.S. what it said was the smallest high-definition video camera in the world, Matsushita Electric Industrial Co. Ltd. (Panasonic) took the wraps off an even smaller camcorder on Wednesday.