Sony's sales during the last three months of 2008 dropped by 25 percent due to the slowing world economy and strengthening Japanese yen, but the company still managed to keep its head above water thanks to an exceptional gain from foreign exchange.
Qualcomm lowered its revenue estimate and declined to update its earnings forecast as it reported flat revenue and a steep decline in profit for its fiscal first quarter.
Dell will report a hefty charge against earnings when it reports its fourth-quarter financial results at the end of next month, the company announced Wednesday.
Verizon Communications posted net income of US$1.2 billion in the fourth quarter of 2008, up slightly from the fourth quarter of 2007, with growth in wireless and broadband services buoying the company.
Sun Microsystems reported an 11 percent drop in revenue for the December quarter but managed to beat the modest expectations of financial analysts.
Advanced Micro Devices reported a steep loss and declining revenue for its fourth quarter as the chipmaker continued to suffer amid the faltering economy.
Sony CEO Howard Stringer hinted on Thursday that the company has a number of new mobile devices in the pipeline.
The morning after Sony said it expects to report its first net loss in 14 years, shares in the consumer electronics company slid 7 percent.
Sony revealed on Thursday the extent to which the global economic downturn is hurting its business, as it slashed its annual sales forecast by US$15 billion, reversed a forecast profit to a loss and readied its domestic workforce for job cuts.
Windows Vista and XP may shoulder most of the blame for Microsoft's mediocre second quarter results announced Thursday, but few of the software maker's divisions were shining beacons.
Illustrating current economic woes, Microsoft had a disappointing second quarter, with revenue dropping in its important Windows operating system business.
Hewlett-Packard saw a sharp increase in fourth quarter revenue and expects a profitable fiscal 2009 despite a gloomy global economic scene.
Multiyear annuity sales lifted Microsoft's revenue 9 percent for the first quarter of fiscal 2009, but the company lowered guidance for its second quarter as crisis grips the global economy, news that came as no surprise to financial analysts.
Hewlett-Packard's revenue and profit grew in its fiscal third quarter, largely on the strength of sales outside the Americas, with laptop and blade-server sales among the high points.
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PCW Evaluation Team
Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications
I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)
It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!
The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.
I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.
If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.
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