Oct 18
Nokia has just announced a total operating loss of $754 million for the third quarter of 2012, a drop in its net cash from $6.6 billion last year to $5.5 billion now, and declining Lumia sales. Oh dear. More »
Oct 08
HTC is continuing to suffer. Despite the launch of its well-received One X, the latest financial results show that the company’s profits have dropped 79 percent from last year. More »
Oct 08
HTC has released its third quarter financials, with the same trend continuing from the last quarter: lower net revenue. The company said it gained NT$70.2 billion in revenue ($2.4 billion), with pre-tax net income at NT$4 billion ($137 million), a nearly 50 percent drop from the $250 million it learned last quarter. All that is a far cry from its salad days last year, and the company will have to hope that its new Windows Phone 8X launch along with a new flagship One X+ will reverse its fortunes.
[Image credit: Wikipedia]
Continue reading HTC announces Q3 2012 financials, net profit down again to $137 million
Filed under: Cellphones, Mobile
HTC announces Q3 2012 financials, net profit down again to $137 million originally appeared on Engadget on Mon, 08 Oct 2012 04:29:00 EDT. Please see our terms for use of feeds.
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Sep 27
Much of the business news out of Japan from Sharp hasn’t been good, but for now at least it’s worked out a loan agreement to keep rolling. It’s still pursuing a deal with manufacturer Hon Hai Precision Industry / Foxconn that would provide a much-needed injection of capital, but those talks have reportedly stalled. Until something happens there it has a 360 billion yen ($4.6 billion) syndicated loan worked out with a couple of Japanese banks that runs until June 30th 2013. We’re still not sure how Sharp will proceed with all this, but hopefully an agreement can be reached that brings its sweet IGZO LCD tech and any other new screens it will be showing off at CEATEC next week to more devices.
Filed under: Displays, HD, Mobile
Sharp takes out $4.6 billion loan while it continues restructuring originally appeared on Engadget on Fri, 28 Sep 2012 01:14:00 EDT. Please see our terms for use of feeds.
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Sep 06
Sharp has mortgaged its offices and factory buildings in order to raise the cash it needs to stay in business, according to Reuters. It’s cut a deal with banks for nearly $2 billion in short-term credit secured on its assets — including the factory that reportedly produces displays for the iPhone. Sharp had pinned its hopes on cash from Hon Hai, but the Chinese giant is apparently delaying the money with the aim of gaining more control over Sharp’s business. In response, Sharp has pledged to send president Takashi Okuda to meet Hon Hai’s Terry Gou in Taipei — just as soon as it’s scraped together the air-fare.
Filed under: Cellphones, Displays, Home Entertainment, HD, Mobile
Sharp mortgages itself to the hilt just to keep going originally appeared on Engadget on Thu, 06 Sep 2012 06:41:00 EDT. Please see our terms for use of feeds.
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Aug 27
Samsung’s round of cash-flashing continues with a $629 million purchase of a three-percent stake in ASML. It’s joining Intel and TSMC in pumping money into the Dutch business, developing tooling for chip-making machines with Extra Ultraviolet Lithography (EUV) designed to “extend Moore’s Law.” It’ll also help reduce the cost of future silicon, since it’ll enable the companies to use wider silicon wafers along the manufacturing line. Given that Samsung’s investment caps of a project to raise nearly $5 billion in cash and that ASML’s home is just five miles west of PSV Eindhoven’s stadium, we just hope they threw in a few home tickets for their trouble.
Continue reading Acronym-loving Samsung joins Intel and TSMC, buys stake in ASML
Filed under: Cellphones, Desktops, Laptops, Tablets
Acronym-loving Samsung joins Intel and TSMC, buys stake in ASML originally appeared on Engadget on Mon, 27 Aug 2012 06:44:00 EDT. Please see our terms for use of feeds.
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Aug 02
Knight Capital lost $440 million in a flash on Wednesday when newly installed trading software went haywire. That’s nearly double the company’s second quarter revenue, and could be enough to sink Knight for good. More »
Jul 31
Twitter now officially supports the cashtag, which sounds very close to Cash Cab but is actually way less fun. Going forward you can click stock abbreviations with a $ in front of them to get financial information about the company. More »
Jul 31
It might not pack the same thrill as the rumors of in-feed video, but Twitter has added clickable stock symbols on tweets. This now throws up search results for both the stock and the company, using a new ‘cash’ tag, like $FB, to differentiate from typical links and tags. As noted by TNW, it’s bad news for the founder of StockTwits, a service that offered similar functionality to gather tweet-based financial nuggets. The new feature is live across Twitter’s web client — though it hasn’t hit TweetDeck just yet — and should make discovering exactly how many millions companies have made (or lost) all a bit faster.
Filed under: Internet
Twitter quietly adds clickable stock symbols originally appeared on Engadget on Tue, 31 Jul 2012 05:22:00 EDT. Please see our terms for use of feeds.
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Jul 27
Samsung Sells 50 Million Smartphones a Quarter, Twice as Many as Apple [Samsung]
Posted in: Today's Chili
In the second quarter of 2012, Samsung sold 50.5 million smartphones—twice as many as Apple—which sees the company extend its sales lead ahead of the iPhone. More »
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