Technology News

Nokia's halting turnaround hit by weak handset sales

By Ritsuko Ando HELSINKI | Thu Jul 18, 2013 8:25am EDT HELSINKI (Reuters) - A disappointing set of quarterly sales figures for Nokia's smartphones and basic models raised the pressure on its chief executive on Thursday and took a bite out of the company's share price. Investors are hoping that its Lumia smartphone range, which CEO Stephen Elop decided to base on Mic...

18 Jul 12:25 PM 0 Read More...

Verizon profit tops estimates on Wireless growth

Thu Jul 18, 2013 8:00am EDT (Reuters) - Verizon Communications Inc said on Thursday that quarterly earnings were a penny better than analysts' expectations on strong growth at its Verizon Wireless venture with Vodafone Group Plc. Verizon Wireless said it added 941,000 subscribers in the quarter, compared with the average expectation for 836,500 from six analysts contacted by Reuters...

18 Jul 12:00 PM 0 Read More...

Britain to review Huawei cyber center to allay security fears

LONDON | Thu Jul 18, 2013 7:53am EDT LONDON (Reuters) - Britain will review the operations of a cyber security center in southern England run by China's Huawei to ensure that the country's telecommunications network is protected, the government said on Thursday. The government said it had agreed to a recommendation made by parliament in June to conduct a review of the Huawe...

18 Jul 11:53 AM 0 Read More...

Fairchild Semiconductor profit misses on weak sales to PC makers

Thu Jul 18, 2013 7:44am EDT (Reuters) - Chipmaker Fairchild Semiconductor International Inc's (FCS.N) second-quarter profit missed analysts' estimates due to lower demand from makers of notebook PCs and mobile devices. The company's quarterly net loss was $7.5 million, or 6 cents per share, compared with a profit of $11.9 million, or 9 cents per share, a year earlier.Excluding items...

18 Jul 11:44 AM 0 Read More...

SAP warns China's slowdown is hurting software sales

By Maria Sheahan FRANKFURT | Thu Jul 18, 2013 6:40am EDT FRANKFURT (Reuters) - German business software maker SAP AG trimmed its sales outlook for this year, warning that a slowdown in China was prompting companies across Asia to put investments on hold. China's growth rate slowed to 7.5 percent in the second quarter, the ninth quarter in the last 10 that expansion ...

18 Jul 10:40 AM 0 Read More...

Nokia sells fewer handsets than expected in second-quarter

HELSINKI | Thu Jul 18, 2013 6:23am EDT HELSINKI (Reuters) - Nokia sold fewer handset than expected in the second quarter, showing it is still far from regaining market share it has lost to rivals Samsung and Apple. Nokia said it shipped 7.4 million Lumia smartphones in the quarter, up 32 percent from the first quarter bu...

18 Jul 10:23 AM 0 Read More...

Apple supplier LG Display seeks to broaden smartphone client base

By Miyoung Kim and Hyunjoo Jin SEOUL | Thu Jul 18, 2013 5:54am EDT SEOUL (Reuters) - Flat-screen maker LG Display Co Ltd, a key supplier to Apple Inc, said on Thursday that it was seeking to broaden its smartphone customer base, betting that diversification would bolster its second-half earnings. The move c...

18 Jul 9:54 AM 0 Read More...

Ericsson profit miss sours hopes of quick turnaround

By Simon Johnson STOCKHOLM | Thu Jul 18, 2013 5:45am EDT STOCKHOLM (Reuters) - World No. 1 mobile network gear maker Ericsson posted second quarter operating profit well below expectations on Thursday, bruising hopes of a quick recovery at its core network unit. In a quarter hit by a large one-off charge, sales and margins at Ericsson's networks unit were well below...

18 Jul 9:45 AM 0 Read More...

LG Display Q2 profit up as firm TV panel prices mask weaker Apple orders

SEOUL | Thu Jul 18, 2013 2:50am EDT SEOUL (Reuters) - Flat-screen maker LG Display Co Ltd reported a forecast-beating 53 percent rise in quarterly operating profit, as stable prices of large-sized TV screens helped counter slower growth in smartphone display shipments to its key customer Apple. LG, which vies with Samsung Electronics Co Ltd's panel unit for the top position...

18 Jul 6:50 AM 0 Read More...

Samsung bets on storage devices as smartphone sales growth wanes

By Miyoung Kim SEOUL | Thu Jul 18, 2013 1:54am EDT SEOUL (Reuters) - Samsung Electronics Co on Thursday launched storage technology aimed at replacing computer hard disk drives as it targets the rapidly expanding memory devices market to offset slowing sales growth for smartphone memory chips. Samsung is the world's top maker of the NAND flash memory chips commonly ...

18 Jul 5:54 AM 0 Read More...