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UPDATE 1-Dell, HP say chip shortages will hit PC supplies this year


By Reuters Staff
(Adds details from HP Inc results, details from conference call)
May 27 (Reuters) - Dell Technologies Inc and HP Inc reported quarterly revenue that beat Wall Street estimates on Thursday, as customers continued to shop for personal computers, even as pandemic-led restrictions eased in many parts of the world.
However, shares of Dell fell 1%, while those of HP dropped as much as 6%, after both companies warned the ongoing computer chip shortage could impact their ability to meet demand for laptops this year.
“The component supply situation remains constrained,” Dell Chief Financial Officer Thomas Sweet said in post earnings call, adding that rising costs to procure these chips would hit its operating income in the current quarter by the low to mid-single digits and lead to slightly lower revenue on a sequential basis. ....

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Kremlin says has no information on U.S. cyber attack, directs questions to Microsoft


By Reuters Staff
1 Min Read
MOSCOW, May 28 (Reuters) - The Kremlin said on Friday it had no information regarding a cyber attack flagged by Microsoft Corp and that the U.S. company needed to answer further questions, including how the attack was linked to Russia.
The Nobelium group, which originates from Russia and was behind the SolarWinds cyber attack identified late last year is now targeting government agencies, think tanks, consultants, and non-governmental organizations, Microsoft said on Thursday. (Reporting by Dmitry Antonov; Writing by Alexander Marrow Editing by Andrew Osborn) ....

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