News

• Wall Street Beat: June starts slow but hope for tech in 2012 remains

  By Marc Ferranti | 01 June, 2012 19:09

  June is off to a rocky in the markets for technology companies as shares slump in the wake of troubling economic reports, though cooler heads appear to have confidence in the sector for the long term.

• Oracle ERP project woes force construction firm to delay financial filing

  By Chris Kanaracus | 31 May, 2012 18:33

  Problems with the rollout of an Oracle JD Edwards ERP (enterprise resource planning) system have forced a Pennsylvania construction company to delay the filing of its fiscal 2012 annual report with the U.S. Securities and Exchange Commission.

• RIM warns of Q1 loss, hires bankers to evaluate changes

  By Stephen Lawson | 29 May, 2012 21:39

  Research In Motion has warned that it expects an operating loss for the current quarter and has hired two investment banks to help it study alternative company strategies that might include licensing its OS.

• Lenovo's fiscal Q4 profit up 59 per cent

  By Michael Kan | 23 May, 2012 16:33

  Lenovo's net profit for its fiscal fourth quarter grew by 59 per cent, as the world's second largest PC maker saw continued growth in sales across both mature and emerging markets.

• Dell's profit shrinks in the first quarter

  By Agam Shah | 23 May, 2012 06:51

  Dell has reported a drop in profits for the first quarter, weighed down by a revenue decrease and slower sales of consumer products.

• Vodafone blames difficult economic environment for 12.7 percent profit drop

  By Mikael Ricknäs | 22 May, 2012 21:19

  Vodafone reported a 12.7 percent drop in net profit for the year to March 31, blaming economic conditions in Europe.

• Are iPhone 5 rumors torpedoing Apple’s Q2 revenues?

  By John Cox | 15 May, 2012 09:34

  Apple (AAPL - NASDAQ) is warning investors that returns for the current second quarter will be lower than projections, triggering widespread and feverish speculation that the fall-off is due to swirling rumors about an early summer launch for iPhone 5.

• Wall Street Beat: Vendors stress caution on financials

  By Marc Ferranti | 12 May, 2012 02:15

  A range of tech vendors including Cisco Systems, Silicon Graphics International, BMC Software and CA Technologies this week reported quarterly earnings that had some solid numbers, but a cautious outlook for the rest of the year is spooking market watchers.

• Panasonic books US$10 billion annual loss, largest ever by Japan manufacturer

  By Jay Alabaster | 11 May, 2012 18:59

  Panasonic said Friday it booked a loss of nearly US$10 billion for the fiscal year that ended March 31, the largest ever loss by a Japanese manufacturer according to local media.

• Sony targets return to profitability after record $US5.7 billion loss last year

  By Jay Alabaster | 10 May, 2012 17:49

  Sony closed the books on its worst year ever on Thursday, while also targeting a slight profit for the current period, which would be its first since 2008.

• Optus Q4 revenue down, blames mobile termination rate cuts

  By Spandas Lui | 10 May, 2012 11:04

  Optus has reported a 1.1 per cent decline in operating revenue in its fourth quarter amid tougher competition and the recent compulsory reduction of mobile termination rates.

• Cisco hits record quarterly revenue

  By Marc Ferranti | 10 May, 2012 07:04

  Crediting a strategy that exploits users' move to Cloud computing, Cisco Systems has reported record net sales of $US11.6 billion for the quarter ending April 28, up 6.6 per cent from the year-earlier period.

• MicroStrategy and Veeam announce 2012 Q1 financial results

  By Hafizah Osman | 04 May, 2012 16:22

  The first quarter 2012 revenues for business intelligence (BI) software vendor, MicroStrategy Incorporated, has increased by 19 per cent – from $122.0 million in Q1 last year to$145.1 million, the company reported.

• Report: Facebook's valuation for IPO will be lower than initially expected

  By Cameron Scott | 04 May, 2012 05:43

  Facebook will be valued at US$85 billion to $95 billion, rather than the $100 billion that had been widely rumored, The Wall Street Journal reported reported Thursday.

• Motorola Mobility bringing red ink to Google balance sheets

  By Cameron Scott | 02 May, 2012 07:46

  Motorola Mobility, set to be acquired by Google, on Tuesday reported a 3 percent year-over-year increase in net revenue, to US$3.1 billion, for the first quarter of 2012, but suffered a net loss of $86 million.