Sweden's Ericsson posts 35 percent drop in 1Q profit amid higher restructuring chargesApril 30th, 2009 Ericsson posts 35 percent drop in 1Q profitSTOCKHOLM — Wireless equipment maker LM Ericsson on Thursday reported a 35 percent fall in first-quarter net profit due to weak results from its handset unit Sony Ericsson and higher restructuring costs. The Stockholm-based company said net profit in the quarter was 1.7 billion kronor ($210 million) compared with 2.6 billion kronor in the same period a year ago.
Ericsson sees profits fall 61 pct in second quarterJuly 24th, 2009 Ericsson profits fall 61 pct in second quarterSTOCKHOLM — Swedish wireless equipment maker LM Ericsson AB on Friday said its second-quarter profits plunged 61 percent partly because of restructuring charges and losses in its mobile phone unit, Sony Ericsson. Ericsson said net profit in the April-June period was 800 million kronor ($106 million), down from 2 billion kronor in the same three months last year.
Ericsson sees profits fall 56 pct in second quarterJuly 24th, 2009 Ericsson profits fall 56 pct in second quarterSTOCKHOLM — Swedish wireless equipment maker LM Ericsson AB's second-quarter profits plunged 56 percent partly because of restructuring charges and losses in its mobile phone unit, Sony Ericsson, the company said Friday. The world's leading supplier of broadband networks said net profit in the April-June period was 831 million kronor ($111 million), down from 1.9 billion kronor in the same three months last year.
Seagate Technology to eliminate 1,100 jobs as part of restructuring planMay 13th, 2009 Seagate Technology to cut 1,100 jobsSCOTTS VALLEY, Calif. — Hard drive maker Seagate Technology said Wednesday it plans to cut about 1,100 jobs, or 2.5 percent of its global work force, as part of a restructuring plan.
Mobile phone maker Sony Ericsson posts 2Q net loss of €213 millionJuly 16th, 2009 Sony Ericsson posts another loss in 2QSTOCKHOLM — Handset maker Sony Ericsson said Thursday it booked another loss in the second quarter as the global economic crisis continued to weigh on mobile phone sales. The LM Ericsson and Sony Corp.
Mobile phone maker Sony Ericsson posts 2Q net loss of euro213 millionJuly 16th, 2009 Sony Ericsson posts another loss in 2QSTOCKHOLM — Handset maker Sony Ericsson said Thursday it booked another loss in the second quarter as the global economic crisis continued to weigh on mobile phone sales. The LM Ericsson and Sony Corp.
Nokia reports pre-tax loss for first quarterApril 16th, 2009 HELSINKI - Citing an 'exceptionally tough environment', Nokia, the world's largest maker of mobile phones, Thursday reported lower sales and a sharp drop in operating profit for the first quarter of 2009. The Finland-based company posted a pre-tax loss of 12 million euros ($15.8 million), compared to a pre-tax profit of 1.6 billion euros for the corresponding business period in 2008.
Canon profits plunge 86 percent in April-June quarter from year earlierJuly 28th, 2009 Canon profits plunge 86 percent in 2QTOKYO — Canon Inc. said second quarter profit sank 86 percent as the global economic malaise weighed on sales of its copy machines, printers and digital cameras while a stronger yen took a bite out of overseas earnings.
Seagate sees signs of improvement in data storage but posts 4th-quarter loss of $81 millionJuly 21st, 2009 Seagate posts 4Q loss on lower sales, big chargesSCOTTS VALLEY, Calif. — Hard drive maker Seagate Technology on Tuesday reported a fiscal fourth-quarter loss, reversing a year-ago profit, but said it is seeing signs of improvement in the data storage market and lifted its revenue outlook for the first quarter.
BlackBerry shares plunge 15 percent on lower revenue forecastFebruary 11th, 2009 TORONTO - Shares of BlackBerry maker Research In Motion (RIM) plunged by 15 percent on the Toronto Stock Exchange Wednesday after the global wireless communication giant forecast less-than-expected profits for the fourth quarter of 2008. In a statement, the Waterloo-based Canadian company said that it ``expects revenue for the fourth quarter to be at or near the mid-point of the previously guided range.
Toyota weighing liquidation for Nummi stake after GM pulls out of joint ventureJuly 11th, 2009 Toyota considering dissolving Nummi joint ventureNEW YORK — Toyota Motor Co. says it is considering dissolving its stake in a California manufacturing plant after General Motors Corp.
Toshiba books $614 million loss in first quarter, 5 times worse than year earlier periodJuly 29th, 2009 Toshiba quarterly loss swells to $614 millionTOKYO — Toshiba's red ink swelled to 57.8 billion yen ($614 million) in the April-June quarter, hit by losses on asset sales and weakness at its consumer electronics and chipmaking businesses. The loss for the fiscal first quarter was five times bigger than a year earlier when the Japanese conglomerate, which makes everything from nuclear power plants to household electronics, recorded a 11.6 billion yen loss.
RIM's BlackBerry Curve outsold Apple's iPhone in 1st qtr, NPD data showsMay 5th, 2009 NPD Group: BlackBerry Curve outsold iPhone in 1QNEW YORK — Research In Motion Ltd. is throwing Apple Inc.
Disk maker Seagate to shut Singapore factory with 2,000 workers affectedAugust 4th, 2009 Disk maker Seagate to shut Singapore factorySINGAPORE — Hard disk maker Seagate Technologies LLC. said Tuesday it plans to shut its Singapore factory by the end of next year to cut costs.
Electronic Arts posts smaller 4th-quarter loss despite sales slump as costs declineMay 6th, 2009 EA posts smaller 4Q loss as costs declineNEW YORK — Video game publisher Electronic Arts Inc. posted a smaller net loss Tuesday for its fiscal fourth quarter as it further slashed costs in a quarter that had fewer hit game launches.
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