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Qualcomm Stock Hit by Weak Sales Forecast

January 28, 2010 7:13 am | by Maisie Ramsay | News | Comments

Qualcomm may have posted a marked increase in profit, but it wasn't enough to satisfy Wall Street.

Deloitte Forecast: 2010 a Grim One for Carriers

January 26, 2010 10:40 am | by Maisie Ramsay | News | Comments

 Deloitte took its annual look at what the next year holds for carriers, and came up with one definitive point: It’s going to be a rough one.

VZW Adds 2.2 Million in Q4

January 26, 2010 7:27 am | by Monica Alleven | News | Comments

Verizon Wireless posted a whopping 2.2 million net customer additions, including acquisitions, in the fourth quarter to end the year with 91.2 million customers...


Apple Gets a Big Jump on 2010

January 26, 2010 7:25 am | by Andrew Berg | News | Comments

Apple got a good start out of the gates in 2010. The company announced its earnings yesterday for the first quarter of 2010.

LG Books 4Q Net Profit Amid Higher Sales

January 26, 2010 7:11 am | by Kelly Olsen, AP Business Writer | News | Comments

LG Electronics Inc. booked a net profit in the fourth quarter of 2009 following a record loss the year before amid an increase in sales and better performance at affiliate LG Display Co.

TI 4Q Profit, Revenue Soar on Broad Chip Demand

January 26, 2010 7:09 am | by Elliot Spagat, AP Business Writer | News | Comments

Texas Instruments said Monday its fourth-quarter profit soared as factories that use its chips for a wide range of consumer gadgets and industrial products hummed straight through the typically slow December holidays.

Ericsson Plans Job Cuts on Slumping Sales

January 25, 2010 7:18 am | by Maisie Ramsay | News | Comments

Swedish infrastructure giant Ericsson says it will cut an additional 1,500 jobs as it struggles to compensate for an ongoing slump in sales.

Seven Reports Full Year of Profitability

January 25, 2010 7:05 am | by Monica Alleven | News | Comments

Mobile e-mail and messaging solutions provider Seven reports today that it achieved a full year of profitability in 2009.


Sony Ericsson Posts Loss on Drop in Sales

January 22, 2010 7:17 am | by Maisie Ramsay | News | Comments

Sony Ericsson continued to post losses in its fourth quarter on plummeting sales of its handsets.

TomTom Shares Tank on News Nokia Will Compete

January 21, 2010 7:22 am | by The Associated Press | News | Comments

Shares in Dutch navigation device maker TomTom NV fell sharply Thursday after Nokia Corp. said it will offer free navigation services for users of its smartphones.

IBM's Communication Sales Slump in 4Q

January 20, 2010 6:55 am | by Maisie Ramsay | News | Comments

IBM posted slightly improved fourth-quarter results on an uptick in new service contracts, but sales to the communications industry fell slightly.

Gartner: Ad Sales Sluggish, App Sales Strong

January 19, 2010 7:26 am | by Maisie Ramsay | News | Comments

Global spending on mobile apps is expected to hit $6.2 billion in 2010, while ad sales will hit just $600 million, according to a forecast by Gartner.

Intel's Massive Profit Points to Tech Rebound

January 15, 2010 7:11 am | by Maisie Ramsay | News | Comments

Intel exceeded everyone's expectations yesterday when it reported a whopping $2.3 billion profit for its fourth quarter...


Spinvox' Shareholders Empty-Handed After $43.5M Debt Repayment

January 12, 2010 7:21 am | by Maisie Ramsay | News | Comments

The $102.5 million buyout of Spinvox by speech-recognition company Nuance will leave shareholders virtually empty handed...

Smartphones, Netbooks Boost Best Buy Earnings

January 8, 2010 7:26 am | by Maisie Ramsay | News | Comments

Big box electronics retailer Best Buy said smartphones and netbooks helped boost its December sales 13 percent, to $8.5 billion.

Samsung Expects Strong 4Q Profit

January 7, 2010 7:05 am | by Kelly Olsen, AP Business Writer | News | Comments

Samsung Electronics predicted Thursday an operating profit of up to $3.44 billion for the fourth quarter of 2009 as the world's top TV seller roars back after racking up its first ever loss a year earlier.

Huawei Reports Rapid Growth in 2009

January 5, 2010 7:04 am | by Maisie Ramsay | News | Comments

Unlike most wireless infrastructure vendors, Huawei says it is thriving. In unaudited financial results, Huawei claimed its sales hit $21.5 billion in 2009.

Lenovo Buys Back Handset Unit

November 30, 2009 6:35 am | by Maisie Ramsay | News | Comments

Lenovo says it is buying back its handset division for $200 million just one year after selling the unit to private equity group Legend Holdings.

Shoppers Hunt for Online Deals

November 30, 2009 6:20 am | by Monica Alleven | News | Comments

Expectations are high for Cyber Monday, but the big questions are how much of that cyber shopping will be done either with mobile phones or for mobile phones?

Up Front - Looks Like We Made It

November 29, 2009 7:45 pm | by Monica Alleven, Editor-in-Chief | Articles | Comments

Last year around this time, the country was awaiting a new administration and doling out bailouts. Economically, most bets were off.

Nuance Beats Expectations

November 24, 2009 6:40 am | by Monica Alleven | News | Comments

Speech recognition company Nuance Communications seems to be weathering the economic storm.

Clearwire Fundraising Hits $2B

November 20, 2009 7:05 am | by Maisie Ramsay | News | Comments

In a document filed yesterday with the SEC, Clearwire reported it was able to raise just over $2 billion in funding from its investors.

Stimulus Funds' Mixed Impact

November 19, 2009 7:41 pm | by Maisie Ramsay | Articles | Comments

As the government prepares to disburse $7.2 billion in broadband stimulus funds, reports differ as to how much impact the money will have.

Sony Ericsson Closes NC, Other Sites as HQ Moves

November 19, 2009 7:00 am | by Emery P. Dalesio, AP Business Writer | News | Comments

Sony Ericsson will move its North American headquarters from North Carolina to Atlanta and close a half-dozen sites worldwide...

Sprint Cuts Debt after Credit Warning

November 16, 2009 6:50 am | by Maisie Ramsay | News | Comments

Sprint Nextel has paid off a $1 billion loan under its $4.5 billion revolving credit facility.

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