Technology Sector

Amazon 2Q Profit More Than Triples, Stock Jumps 12%

Seattle: Amazon.com Inc.’s recorded three-fold increase in its profit for the second quarter ended June 30, 2007.

The company stated that its income boosted on the back of healthy sales of books, music and electronics internationally. The company’s stock surged 12.5 percent in after-hours trading.

The web retailer’s earnings for the three months mounted to $78 million, or 19 cents a share, as compared to $22 million, or 5 cents a share in the same period last year.

The quarterly results exceeded Wall Street’s outlooks. Analysts estimate a profit of 16 cents per share.

Satyam Officer Kidnapped In Hyderabad

Satyam ComputersHyderabad: The General Manager of Satyam Computer Services Satya Vedula was kidnapped from Secunderabad, the twin city of Hyderabad.

Mr. Vedula was abducted when he had gone to drop his son to school in Bhopalpuram area. His wife filed a complaint with the police when he didn’t come back to his home.

No more information is available with the Hyderabad police on his situation or who is after his kidnapping plan. No one is reported to have witnessed his abducting.

TCS Q1 Income Up, Declares Dividend

Tata Consultancy Services LtdTata Consultancy Services Ltd (TCS) has annunciated the following audited outcomes for the quarter ended June 30, 2007. The consolidated results are as follows:

Infosys Q1 Profit Surges 34.5%, Beats Forecast

Infosys Technologies BangaloreBangalore: Today, Infosys Technologie

Technology Stocks Turn Hard Prior To Infy Results

Infosys TechnologiesMumbai: Tech stocks became more potent earlier than Infosys results on Wednesday. Fresh buying was seen in Infosys, Satyam, Wipro and Tata Consultancy and this is expected to carry on for a moment.

In early trading, Infosys was up 1.30 per cent to Rs 1,997.79, Satyam benefited 1.25 per cent to Rs 494 and TCS was up 0.80 per cent to Rs 1,168.15 on the NSE.

Sony Drops PSP Prices

Sony Computer Sony Computer EntertainmentEntertainment America (SCEA

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