Samsung Electronics reorganizes into two major divisions
Samsung Electronics has announced a major reorganization of the company structure.
Samsung would now function as two major divisions.
The company is merging its chip and LCD units. The other division would handle telecom and media units.
Samsung chief executive officer Lee Yoon-woo would look after the semiconductor and LCD [...]
Nortel Networks files for bankruptcy
Nortel Networks is the largest telephone equipment maker in the North American market.
The company however is not in good shape as they have now filed for bankruptcy.
Nortel still remains one of the largest employers in the Canadian market.
It has around 32,000 employees. This is down from 90,000 in [...]
Nikkei reporting a deal between Toshiba and Fujitsu
Japanese newspaper Nikkei is reporting that Toshiba and Fujitsu have entered into a deal.
The two companies have reached an agreement which would see Toshiba acquiring Fujitsu’s hard-disk drive business.
The deal is worth between $340 million to $450 million.
If this news is true, it would create [...]
Stephen Luczo is the new CEO of Seagate
Storage industry giant Seagate has surprised market experts by announcing a change in the top management.
Seagate has replaced their Chief Executive Bill Watkins with Chairman Stephen Luczo.
The company also added that their chief operating officer stepped down.
Seagate has also announced that they are now [...]
Logitech announces a job cut
Computer accessories manufacturer Logitech has announced that they are now cutting 15 percent of its non- manufacturing jobs.
The company has also now withdrawn their fiscal 2009 profit targets because of the deepening global recession.
The news is bad for the company and it affected their stock price at the share market. [...]
iSuppli: Laptops now dominate desktop sales in the world
iSuppli has stated in a report that laptops have finally overtake desktops in term of sales worldwide.
The research company call this development a “watershed event” for the industry.
The report said that the shipments of laptops surged nearly 40 percent to 38.6 million units.
In comparison the sales [...]
One Laptop Per Child coming to Europe
One Laptop Per Child is all set to launch the XO Laptop in the European market under the Give One, Get One scheme.
Give One, Get One scheme has already been available in the US market. Interested customers are asked to pay for two machines.
They get one of the machines [...]
HCL aims to expand laptop market share in India
HCL Infosystems has announced that they are aiming to achieve a double digit market share in the laptop segment in India in the next 18 months.
The company currently has a market share of 7.34 per cent in the laptop segment in India.
George Paul, executive vice president, Marketing [...]
Apple Online Store now in Malaysia
Apple has now opened their Apple Online Store in Malaysia.
The online store from the company enables the Apple customers to place order for Apple hardware and software directly online.
The difference is that the customers are free to customize their products as per their requirements.
This is usually not possible in retail [...]
Qualcomm profits down due to worsening economic conditions
Qualcomm has come out with their latest revenue report.
The company has posted disappointing results.
Qualcomm profits in the most recent quarter were down 22 percent.
Revenues were however up 45 percent.
The company gained from a recent deal signed with Nokia which is the largest mobile phone maker in [...]
