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Chipmaker Marvell technology said Thursday that its second-quarter net income fell by more than half as revenue declined but research and sales costs rose.
AP (via Business Week)
Toshiba said Tuesday that it swung into a net loss in the fiscal first quarter as restructuring costs and the high yen outweighed profit growth from its conventional power plant business.
Marketwatch.com (Dow Jones)
Toshiba's first-quarter operating profit is expected to exceed JPY10 billion (US$127.9 million), the Nikkei reported, more than double the profit recorded in the same period a year earlier.
Marketwatch.com (Dow Jones)
The smartphone momentum is clearly on the side of Samsung as HTC warns of another tough quarter.
CNET
Panasonic is mulling fresh job losses on top of 17,000 recent lay-offs as the Japanese electronics conglomerate looks to engineer a profit rebound, a source said.
Reuters
Toshiba has predicted profit will rise 83% as sales recover from a slump caused by the strong yen, falling prices and natural disasters.
Bloomberg
Flat-panel maker LG Display Co. said Tuesday that it stayed in the red for a third consecutive quarter, hurt by continued sluggish demand for television panels, but added it's now seeing green shoots of recovery and may swing back to profit in the current quarter.
The Wall Street Journal
Sandisk's first quarter results were messy and the outlook wasn't much better. The problem: Sandisk is making all the wrong moves and focusing on the wrong customers in the flash memory market.
ZDNet
Google's profit soared 61% in the first quarter, but the average "cost per click" paid to Google by advertisers declined for the second quarter running.
Computerworld
Samsung Electronics has said it expects its profit for the first three months of 2012 to almost double as its smartphone sales continue to grow. While Samsung's phone unit has prospered, other divisions, including memory chip manufacturing, have been going through a tough time.
BBC News
Marvell Technology's fiscal fourth-quarter profit slumped 64% on weakness in the market for the chip maker's hard-drive components.
Marketwatch.com (Dow Jones)
Applied Materials reached the highest in more than eight months after predicting higher profit than estimated, signaling that semiconductor makers are pulling out of a spending slump.
Business Week
Mobile phone chip maker Qualcomm said Wednesday that its fiscal first-quarter profit rose 16% as rising global demand for smartphones boosted sales.
CBS News
Toshiba and Fujitsu booked deep losses during the October-December quarter, blaming a spike in component costs caused by Thai flooding and a tough market for consumer electronics. Both companies slashed their earnings targets for the current fiscal year through March, but said they are still on track to book an annual profit.
PC World
The world's top maker of memory chips and smartphones is set to report a robust quarterly profit rise on Friday, starting 2012 on an upbeat note aided by record-smashing sales of smartphones.
Reuters
Applied Materials has forecast first-quarter sales and profit that fell short of analysts' predictions, a sign that semiconductor makers are scaling back expansion plans.
Bloomberg (via Businessweek)
The strong yen has had an impact on several Japanese companies including Toshiba, Honda Motor and Panasonic, which have reported lower second-quarter profits.
BBC News
Samsung won't be leaving the mobe sector in a hurry, as it's now making more than half its money on smartphones, according to its third quarter results.
The Register
Sharp Corp cut its full-year operating profit forecast forecast by 12 percent, hit by sliding domestic television sales but the cut was not as bad as the market had feared.
Reuters
All in all, it was a strong quarter for the company. Enterprise and business sales are growing vigorously, and new products such as Office 365 and Lync appear to be gaining traction in the market. Perhaps the biggest concern is the performance of the Windows division, and the "cannibalization" of netbook sales.
Ars Technica
Xilinx's fiscal second-quarter profit fell 26% as the programmable-chip maker posted sales declines in its communications and industrial segments. Looking to the third quarter, the company projected a 3% to 8% sales decline from the second quarter.
Marketwatch.com (Dow Jones)
Company release
Apple fell in German trading after profit missed analysts' predictions for the first time in at least six years, evidence that customers delayed iPhone purchases before the release of the latest model.
Bloomberg (via Businessweek)
Blackberry manufacturer Research in Motion (RIM) has seen its second-quarter profits more than halve, hurt by low demand for its older models.
BBC News
Japan's Sumco, the world's No.2 supplier of silicon wafers used to make chips, slashed its annual operating profit forecast by 37% on weak PC demand and slower-than-expected growth in smartphones and tablet PCs, and it said the fragile economy could make chip demand retreat further.
Reuters Africa
Profit margins on LCD Televisions have been falling steadily over the last few years, and the 3D TV craze has largely failed to boost them up again. So what's a manufacturer to do? Sharp thinks "Go Bigger".
Vizworld
Cisco Systems rose as much as 13% in late trading after profit and sales beat analysts' estimates, the first time in six quarters that the shares gained after results.
Bloomberg
Toshiba has said that operating profits for the fiscal quarter fell 88% as the earthquake hit its power operations and a strong yen bit into earnings, and it kept its annual forecast in line with expectations.
Reuters
Patent licensing company Rambus made a net loss of US$10.6 million on revenues of US$66.2 million in the second quarter of 2011. However, the company guided that it would be profitable in the third quarter on rising revenues.
EE Times
"Demand growth is likely to be weaker than usual in the third quarter, as customers are delaying purchases due to slow global economic growth," Hynix said.
Reuters
The company's revenue outlook for the current quarter was also higher than what Wall Street anticipated.
Forbes
Cisco Systems, the largest networking-equipment company, may cut as many as 10,000 jobs, or about 14% of its workforce, to revive profit growth, according to two people familiar with the plans.
Bloomberg
Chipmaker Wolfson Microelectronics has lost a quarter of its value after it warned on profits after customers sold fewer products than expected and delayed new launches. The company supplies chips for smartphones and tablets for the likes of Samsung, LG and Research in Motion (but crucially, not Apple).
The Guardian
The speculation comes a week after Nokia's CEO Stephen Elop described as "baseless" a blog report that Microsoft wanted to buy the Finnish company, which has been rocked by a recent profit warning and downgrades from ratings agencies.
Dow Jones (via The Wall Street Journal)
Applied Materials reported a fiscal second-quarter profit that nearly doubled from the year-earlier period, as the company saw stronger sales of semiconductor capital equipment. But shares of the company slipped nearly 2% in after-hours trading after it posted a weaker-than-anticipated outlook.
Marketwatch.com (Dow Jones)
Toshiba has said it returned to the black for the year to March 2011, but warned the outlook remains uncertain due to the impact of the massive quake and tsunami in Japan.
AFP (via Google)
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