Updated 10:00am PST to revise Google percentage through online bookstores.
Nokia on Thursday reported a loss for its third quarter of 559 million euros ($832 million) compared with a profit of 1.09 billion euros in the same quarter of 2008.
The net loss for the period that ended September 30 was triggered by declining sales, which fell 20 percent to 9.18 billion euros from 12.2 billion euros the prior year's quarter. A write-down of the company's weak Nokia Siemens Networks unit also put a big drag on the bottom line.
Net sales for the third quarter came in at 9.8 billion euros, down 20 … Read more
It was only a matter of time, but the T-Mobile Sidekick issue has now spilled over to the courthouse.
A number of lawsuits have been filed, including two filed in federal court in Northern California on Wednesday that allege both negligence and false claims on the part of Microsoft and T-Mobile.
The suits come amid a massive outage of the service that powers the Sidekick, which has hampered data service since early this month and left many users without access to their calendars, address books, and other information. At one point, Microsoft and T-Mobile indicated that any data not yet … Read more
Intel and Advanced Micro Devices filed motions on Wednesday in the U.S. District Court in Delaware, seeking sanctions against each other. Both motions are related to the retention of information in the antitrust case filed by AMD in 2005.
Intel's motion asserts that AMD failed to adequately retain documents in the case it filed against Intel in 2005. "AMD misrepresented its efforts and tried to hide its failures from the court and Intel," according to an Intel statement Wednesday.
The chipmaker alleges that AMD's claims about document retention were exaggerated. "Ever since Intel disclosed … Read more
The electronics industry is still hurting, but better times could be here before you know it.
Research firm Gartner says it has spotted a recovery already percolating for the sectors including PCs and mobile phones, with a sustained recovery pattern likely to take shape in 2010. What's holding back the optimism for a faster rebound this year, according to Gartner, is continuing uncertainty about the economy as a whole and, more specifically, about the effectiveness of government stimulus plans, especially when the stimulus runs out.
Gartner's forecast on the electronics industry was compiled for a report called "… Read more
With the online ad business appearing to have collected itself at the bottom of the ravine, all eyes will be on Google's earnings report Thursday to see if it has figured out where the path back to the top starts.
Investors are feeling good about Google in the run-up to Thursday's third-quarter earnings conference call, sending the stock to a 52-week high on Tuesday at $527.46 before it settled back down to $526.11 at the close of trading. Five prominent financial analysts raised their expectations for Google's stock Monday amid a collective feeling that advertisers … Read more
During Intel's earnings conference call on Tuesday, CEO Paul Otellini talked about the growth of notebook PCs versus Netbooks, and Windows 7 adoption in business, among other topics.
Otellini was quick to trumpet the fact that its mainstream notebook business beat Netbook growth. "We saw the sequential unit growth rate of notebook processors and chipsets actually exceed the growth rate of Atom processors and chipsets," he said.
Later in the call, Otellini said: "While Atom and Netbooks are important growth drivers for us, our traditional notebook business remains one of the primary drivers of revenue growth … Read more
NEW YORK--Nokia, the world's largest maker of cell phones, is getting into the computer business with its new Booklet 3G, setting the stage for a new era of competition in the mobile device market.
At a press event here Tuesday, Nokia took the wraps off the anticipated Booklet 3G, a Windows 7 Netbook that will run exclusively on AT&T's 3G wireless network. At a subsidized price tag of $299, Nokia has managed to hit the sweet spot in the Netbook market with a high-end device at a bargain price point.
Not only will the new Netbook … Read more
Some customers of Google's Postini e-mail security product experienced significant problems Tuesday, with reports of hours-long delays in e-mail delivery that are still affecting some customers.
Threads throughout Google's Postini forums spread involving the issue, which seemed to begin overnight on System 7--one of several systems used by the service--and was still affecting some customers as of Tuesday afternoon, although e-mail delivery had resumed for others. Users also reported problems accessing the management consoles used to log into the Postini service, preventing them from understanding exactly what was happening.
Grooveshark, my favorite free music streaming service, made an important announcement earlier today: the company has settled a lawsuit brought against it by EMI, one of the big four record labels, and has licensed EMI's catalog.
The company is still negotiating terms with other copyright holders, but to my knowledge EMI was the only one that had sued Grooveshark. So with this legal uncertainty out of the way, I can more confidently recommend Grooveshark's $3-a-month premium service, which offers early access to new features (the latest update includes better organization of search results and a slider to move … Read more