Mahanagar Telecom Nigam Limited posts a loss
Government owned telecom giant Mahanagar Telecom Nigam Limited has posted a net loss of Rs 83.8 crore for the fourth quarter that ended in March.
The company said that this was largely due to increased staff costs during the quarter.
This is a pretty disappointing performance considering MTNL had posted [...]
Qualcomm reports a second-quarter loss
Mobile technology company Qualcomm has come out with their latest revenue report.
The company has posted a second-quarter loss of 289 million dollars.
This disappointing result is mostly due to the announcement to pay rival Broadcom 891 million dollars to settle their patent dispute.
The company had posted profits of 766 million [...]
Amazon.com posts impressive revenues
US based online shopping giant Amazon.com has come out with their latest revenue report and the company has managed to beat the market expectations.
Market analysts are surprised by this improved performance considering Amazon has not been playing the price game by offering massive discounts.
The company has benefited from the [...]
Sony Ericsson prepares for losses as sales are down
Sony Ericsson has revealed that they are going to post a loss in the first three months of this year.
The company is struggling due to falling sales of their mobile phones in the markets around the world.
Sony Ericsson said that they are expecting to [...]
RealNetworks posts a loss in the fourth quarter
US based digital media company RealNetworks has posted a loss in the most recent quarter.
The company said that they had a net loss of $240.5 million. It is down from profits of $2.7 million in the same period in the previous year.
The revenues were also down [...]
Nvidia reports a loss
Graphic card manufacturer Nvidia has posted a loss in the most recent quarter.
This is a worse performance from the company as anticipated by the market analysts.
The company reported that their revenues went down by around 60% due to weak demand in the market.
Nvidia posted a net loss of [...]
Sharp heading for a major loss too
Japanese consumer electronics manufacturer Sharp has announced that they are going to cut 1,500 contract workers in Japan by the end of March.
The company also said that they are heading towards a major loss in the current financial year.
This would be a first for the company in [...]
Panasonic to cut 15,000 jobs worldwide
Japanese consumer electronics manufacturer Panasonic has announced that they are now going to cut around 15000 jobs in their global operations.
Panasonic is also planning to close down 27 plants worldwide to cut costs as the market situations are not improving.
The company has posted a 63.1 billion yen [...]
Time Warner posts a fourth quarter loss
Time Warner has come out with their latest revenue report and the company has posted a loss of $16.03 billion, or $4.47 per share in the quarter ending in December last year.
This is a terrible performance compared to a profit of $1.03 billion, or 28 cents per [...]
IAC/InterActiveCorp posts a profit
IAC/InterActiveCorp has posted a fourth-quarter profit. The company gained from the sale of 30 percent stake in Jupiter Shop Channel.
The company however is struggling due to the weakening economic conditions. They have now adjusted earnings.
The revenues failed to match the market expectations.
The company posted earnings of $227.4 million [...]
