CUPERTINO, Calif. (
) -- Away from all the
, it was a busy week in Silicon Valley.
iPhone tracking practices, for example, continued to come under the microscope, prompting the company to
"Apple is not tracking the location of your iPhone. Apple has never done so and has no plans to ever do so," said the release. Apparently, Apple doesn't track iPhones -- it collects the data from WiFi and cell tower antennas that track iPhones.
Apple's iPhone tracking was in the spotlight this week.
Nonetheless, Apple vowed to issue new software that cuts back on the location tracking and also let users opt out of it.
In other Apple news, the white iPhone
, available at Apple's online store,
stores, and select Apple resellers.
News reports also emerged this week that Apple has
from Swedish firm
, fueling speculation that the company is preparing to ramp up its cloud efforts.
Neither firm, however, responded to
request for comment.
Apple shares ended the week up $3.38, or 0.97%, at $350.13.
Earnings season also rumbled on this week, with
posting a solid
for its fiscal third quarter on Thursday. The company's numbers were fueled by big Kinect for Xbox sales and the continuing rally in corporate IT business.
The one down point for the software giant was soft Windows 7 sales, which reflect recent reports of falling consumer PC shipments.
The rest of Microsoft's core segments reported nice gains, with continued enterprise spending boosting its Business unit, which grew 21% year over year, with sales of $5.2 billion, up from $4.3 billion. Microsoft said that its latest version of Office, Office 2010, continues to be the fastest-selling version in its history.
Microsoft's stock ended the week down 79 cents, or 2.96%, at $25.92.
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was also on deck this week, comfortably beating Wall Street's estimates when it released its
Some 1.15 billion ARM-processor based chips were shipped into mobile devices such as smartphones and tablets during the quarter. Another 700 million chips were also deployed into nonmobile devices like digital TVs and disk drives, according to a statement.
ARM shares ended the week up 14 cents, or 0.46%, at $31.46.
On Tuesday, tech bellwether
announced plans to
, as well as an $8 billion share buyback.
Big Blue said it will raise its dividend from 65 cents to 75 cents on June 10.
The tech bellwether's stock closed down 20 cents, or 0.12%, at $170.58 on Friday.
In the telecom sector,
Wall Street's first-quarter targets on Thursday, narrowing its losses on strong prepaid wireless growth.
The No. 3 wireless shop posted a net loss of 15 cents a share, an improvement from the 29-cent loss in the year-ago period and better than the 22-cent loss analysts anticipated.
Sprint's shares ended the week up 7 cents, or 1.37%, at $5.18.
with a strong sales beat and lighter-than-expected losses in its first-quarter results, released on Thursday.
The Schaumburg, Ill., phone maker posted an adjusted loss of 8 cents a share, narrower than the 48-cent loss in the year-ago quarter and better than the 12-cent loss analysts had expected.
Motorola shares closed up $2.07, or 8.63%, at $26.06 on Friday.
Elsewhere in telecom, shares of handset maker
Research In Motion
on Thursday after the company
because of weak Blackberry shipments and an unfavorable product mix.
RIM's shares closed down $7.94, or 14.03%, at $48.65 on Friday.
Key events during the coming week include RIM's BlackBerry World Conference, which kicks off in Orlando, Fla., on Tuesday.
will hold its annual general meeting on the same day.
reports its fiscal fourth-quarter results after market close on Wednesday.
--Written by James Rogers in New York.
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