Intel's net income hits US$2.3 billion, which is up 875 percent.

Top Chinese search engine Baidu.com reported a 40 percent hike in net income on Monday as the company appeared set to continue strengthening its lead over rival Google.

The online company posts a 244 percent increase in net income from a year ago.

Cisco Systems' revenue for its third fiscal quarter fell 17 percent from a year earlier, while net income plunged 21 percent to US$1.3 billion, or $0.23 per share.

SAP reported first quarter net income down 16 percent year on year, and revenue down 3 percent, as customers remain reluctant to spend on new software.

Microsoft Thursday announced it has topped US$60 billion in yearly revenue for the first time in its history and posted a 25% year-over-year gain in net income for its fiscal year 2008.

Yahoo's fourth-quarter revenue grew, but net income fell as the struggling Internet giant tried to put its house in order and improve its ability to compete against Google and other rivals.

Lenovo Group Ltd. is targeting lower-income consumers in China by offering a new PC with a suggested retail price of 1,499 renminbi (US$198).

Cisco Systems Inc. posted net income of US$1.9 billion, or $0.31 per share, on revenue of $8.4 billion in its fiscal second quarter financial results reported Tuesday, exceeding revenue but matching earnings per share estimates of analysts.

Microsoft Corp.'s net income fell 28 percent year over year for its 2007 second fiscal quarter as it spent ahead of its mass market launch of Windows Vista this month.

Amid product delays, management shake-ups, and continuing European legal troubles, Microsoft on Thursday posted nearly US$3 billion in net income for its fiscal third quarter on revenue of almost $11 billion.