It was the week when tech leaders beat the economic gloom and the EU filed a new complaint against Intel.
Intel's profit spiked 25% to $1.6 billion thanks to record orders for notebook PC chips and higher than usual microprocessor shipments. IBM beat forecasts with a 22% higher profit and raised its outlook for the rest of the year.
Nokia also beat the Street and said it expected to increase its global handset market share. The average selling price for a handset slipped to $117 from $125 a year ago.
But AMD CEO Hector Ruiz stepped down after the chipmaker lost $1.19 billion - its seventh consecutive quarterly loss - while Google stock fell as it posted earnings of $4.63 a share, short of an expected $4.74. Net income was up 35% to $1.25 billion on $5.37 billion sales.
The European Commission filed fresh charges against Intel, accusing it of paying a retailer not to stock devices with AMD chips and of paying a PC firm to delay the launch of an AMD-based product.
The EU Consumer Commissioner cracked down on dodgy websites selling mobile ringtones and wallpapers. The commissioner is investigating 500 web sites for imposing extra charges and other misleading practices.
Google and Viacom reached a deal on protecting the personal data of YouTube users.
Google may still be contemplating the Gphone.
Australian telco Optus apologized after a sliced cable cut services to thousands of fixed and mobile customers in Queensland and northern New South Wales.
An 18-year-old New Zealand youth was discharged without conviction after causing $20 million in losses in a worldwide computing scam. Former Samsung Group chief Lee Kun-hee was given a three-year suspended jail sentence for tax evasion.