- Associated Press - Wednesday, July 14, 2010

Here is a summary of recent earnings reports for selected technology companies and what they reveal about the state of corporate spending:

Tuesday: Intel Corp. reports its largest quarterly net income in a decade as the chipmaker benefits from a stronger computer market and more sophisticated factories. Large corporations bought more computers that use Intel’s most expensive chips, a sign that businesses aren’t as stingy on upgrading employees’ personal computers.

Wednesday: ASML Holding NV, a Dutch supplier of tools that chipmakers need to make products, says it has returned to profitability in the second quarter as demand rebounded sharply. The company says sales for the year should grow 10 percent to 15 percent over its 2007 record of euro3.8 billion as chip makers make up for under-investment during the recession.

Among technology companies’ earnings coming up:

Thursday: Google Inc., Advanced Micro Devices Inc.

Monday: IBM Corp., Texas Instruments Inc.

July 20: Yahoo Inc., Apple Inc.

July 21: EMC Corp., Qualcomm Inc.

July 22: Microsoft Corp., Nokia Corp., Xerox Corp.

Aug. 11: Cisco Systems Inc.

Aug. 19: Dell Inc., Hewlett-Packard Co.

September: Oracle Corp.

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