T-Mobile USA released its first quarter 2011 results today. T-Mobile is still in fourth place behind Verizon, Sprint and AT&T, but could shoot straight to the top if its merger with AT&T is approved. Deutsche Telekom CEO Rene’ Obermann said in a press release that until that deal is complete, T-Mobile USA will continue to “compete aggressively” in the United States. It’s going to need that fire because T-Mobile USA is losing its contract customers.

For the first time in Microsoft’s history, the software company has reported a year-over-year decline in its sales for fiscal year 2009 (FY2009). Sales fell by 3.2% from 2008, which translates to a $1.98 billion difference. Net profits for FY2009 dropped 17% or $3.11 billion. Microsoft is pointing to the weakened global market for PCs more »

If you don’t have the money to hire a financial adviser for investment advice, you may turn to the internet to find information on stocks. Wikinvest hopes that their site will be the one that you use. Wikinvest works in the same way as Wikipedia: anonymous users provide information in order to share with web more »

Sun Microsystems announced a horrific quarter yesterday — a loss for what is now the third quarter in a row. This past quarter resulted in a net loss of $1.68 billion, with a revenue of $2.99 billion. The same quarter last year had a net income of $89 million, and a $3.22 billion revenue. Ouch, that can’t go over too well.

Sun also hinted at possible layoffs in the future, which, while depressing, isn’t all that surprising given the current state of the economy. There were also reports of slowing sales in its main server lines. It seems open sourcing a number of it’s software hasn’t helped either.

Continued after the break.

Sony has posted a small rise in quarterly profits recently, but are being cautious about painting too rosy a picture. Sony’s Cybershot series of cameras and Handycam camcorders had a strong fourth quarter which helped to bolster the Japanese giants overall numbers. Sony even managed to get better numbers out of it’s gaming division by lowering production costs on the PS3 as well as getting some improved sales figures for the PSP.

“The game division turning into the black is a positive,” said Takeshi Osawa, a senior fund manager at Norinchukin Zenkyoren Asset Management. “But the U.S. economic outlook is a cause of concern for its consumer electronics business.”

AOL purchased Weblogs Inc. a while back, and is expanding their blogs to include stock blogs that will be focused on eight of the top companies in the USA. The eight companies include Time Warner (AOL’s parent company), Google, Yahoo, Microsoft, Apple, eBay, Wal-Mart and General Electric. According to AOL’s press release on April 27, more »