Cisco tops expectations, outlook cautious
Networking giant Cisco Systems posted lower fiscal second-quarter earnings due to the communications spending slowdown that were still almost twice what analysts had expected, but shares fell as the company sounded a cautious note on the current quarter.

Palm to release new system software this summer
Palm, the leading maker of handheld computers and software, said its software unit plans to deliver later this summer a faster, more secure version of its operating system, which will enable device makers to build enhanced screens and audio qualities.

AMD adds Alchemy to its arsenal
Advanced Micro Devices (AMD) will use a little alchemy to compete better with Intel and other chipmakers in the portable computing devices market. AMD said that it would acquire Alchemy Semiconductor, maker of MIPS-based chips for devices such as PDAs and MP3 players.

Sun opts out of Web services alliance
Microsoft, IBM and a host of rival technology competitors said they formed an organisation to work on standards to make it easier for companies share information and do business over the Web.

IBM to unveil index card size prototype
IBM’s research division says it has developed a prototype of a portable computer module that is the size of a small pad of paper and has the computing power of a typical notebook or desktop computer.

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