Net loss of $128 million – first in six years

Lenovo is not having a good time of late as the declining use of the PC and its underperforming Motorola unit continues to give its bottom line a spanking.

Chip demand rising as AMD snoozes

Nvidia forecast better-than-expected revenue for the current quarter demand for its chips has risen, while its rival, AMD has a knap while waiting for its Zen technology to arrive.

Reporting miserable results

HTC is having a pretty terrrible day after having to report a dismile quarter with falling sales.

But margins will fall

MediaTek expects to post revenue growth of 24-32 percent in the second quarter of 2016, but also thinks its gross margins for the quarter will fall.

Azure doing well

Microsoft reported earnings for its third fiscal quarter of 2016, including revenue of $22.1 billion. This means that in Q3 2015, Microsoft saw $21.73 billion in revenue and earnings – slightly better than Wall Street expected.

Samsung hinted that there was a pickup in second-quarter profits after reporting a 12 percent earnings gain in January-March on the back of "robust" sales of its Galaxy S7 smartphones.

Wall Street still loves it

The umbrella of the Google Empire, Alphabet announced that its first-quarter earnings fell short of estimates, largely because it spent more to build traffic for its mobile advertising services.

Falling 13-22 percent to 175-195 million

Qualcomm predicted a third-quarter profit below analysts estimates as it expects to ship fewer chips, including those for smartphones, its biggest business.

But writing on the wall

Despite having to lay off 12,000 employees, Intel's first quarter results aren’t all that bad, but the writing is on the wall for the outfit which is going to have pull finger if it is not going to suffer more. 

New business can't make up for old

While IBM's new cloud and mobile business are doing quite well, they are not making enough to off-set the losses from the older traditional arms of the company.