Palm Must Beat Others to Prosper
Jun. 26, 2009
In saying, "We don't have to beat each other to prosper" during a Thursday call held to discuss the company's fourth-quarter earnings, Palm's new CEO, Jon Rubenstein, has tacitly admitted what many already suspected: ...
Nortel is certainly taking its time
May. 13, 2009
Outside Nortel, the scene is one of press and analysts glancing frequently and impatiently at their watches. Inside, Nortel says it's tearing itself to pieces. And then there are the vultures.
Microsoft posts historic revenue stumble in quarterly earnings
Apr. 23, 2009
For the first time in its 23-year history as a public company, Microsoft's revenue dropped in year-over-year comparison as the company reported a whopping 6% decline in revenue for its fiscal third quarter coupled with ...
North Korean 3G network hits 19,000 subscribers
Jun. 29, 2009
North Korea's first and only public cellular telephone network attracted 19,200 subscribers after just over three months in business.
Wall Street Beat: Mixed signals amid hope for IT recovery
Jun. 19, 2009
Though some industry watchers are looking for a recovery in the second half of the year, IT vendors this week gave out mixed signals about prospects for sales, as Research In Motion (RIM) issued a tepid quarterly ...
Seagate to lay off 1,100 workers
May. 13, 2009
Following layoffs and salary reductions unveiled earlier this year, Seagate now plans an additional 1,100 layoffs to bolster its cash flow and get earnings back in the black.
Wall Street Beat: IT sales down but analysts hike estimates
May. 07, 2009
IT and communications bellwethers Sprint, Alcatel-Lucent, Cisco and Symantec this week reported sagging quarterly sales, but analysts, impressed by cost controls and hopeful that a bottom to the tech market has been ...
Waste Management: Dropping SAP took toll on earnings
May. 04, 2009
Trash-disposal conglomerate Waste Management said last week that its first-quarter earnings dropped substantially in part due to its "abandonment" of SAP software that it claims didn't perform up to expectations.
Juniper's Q1 revenue falls, earnings plummet
Apr. 23, 2009
Juniper Networks Thursday blamed a drop-off in new network build-outs for a first quarter plunge in revenue and earnings, though said enterprise revenue did rise.
Microsoft earnings down over last year
Apr. 23, 2009
Microsoft missed analyst expectations for its third quarter, stumbling under the weight of the faltering economy.
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