Toshiba profit surges on smartphone boom January 31, 2011 Japanese computer giant Toshiba has more than doubled its quarterly operating profit on booming sales of NAND flash memory chips and the LCD panels used in smartphones and tablets. But the sprawling conglomerate cut its full year sales forecast and left its operating profit outlook unchanged for the year to March, citing a strong yen [...]
Toshiba profit surge fuelled by smartphones January 31, 2011 Japan’s Toshiba Corp said third quarter operating profit more than doubled on buoyant sales of NAND flash memory and liquid-crystal displays used in tablets and smartphones including Apple’s iPad and iPhone. The world’s second largest supplier of NAND chips kept its full year operating profit forecast unchanged, but lifted its net and pretax profit estimates. [...]
LinkedIn files for $175m IPO January 28, 2011 Social networking website LinkedIn has filed with US regulators for an initial public offering of Class A shares of up to $175m (£110m). The company, whose website caters for professionals and has 90 million users, announced its intention to go public yesterday, but did not reveal the number of shares to be offered or their [...]
Nintendo hit by poor sales of DS console January 27, 2011 NINTENDO reported a 46 per cent fall in quarterly profit, as sales of its ageing DS handheld device tumbled ahead of the launch of a new, 3D-capable model next month. The news came the same day Sony unveiled a rival portable gaming device set to hit the market around the end of the year. Both [...]
Third profit fall in a row for Nokia January 27, 2011 NOKIA, the world’s top cell phone maker by volume, reported its third profit fall in a row and warned of a weak start to 2011 as it lost yet more ground in the smartphone market. Nokia shares dropped 0.5 per cent yesterday to €7.75 after it said first quarter operating profit margin at its phone [...]
SEC gives US shareholders the right to vote on exec pay January 26, 2011 THE UNITED States has granted shareholders a say on executive pay as part of efforts to scrutinise corporate America in the wake of the financial crisis. The US Securities and Exchange Commission (SEC) voted 3-2 to require shareholders to make an advisory vote every three years on directors’ pay at companies with a public float [...]
BUSINESSES AND INDIVIDUALS NEED LONG TERM PLANS January 26, 2011 GROUP CHIEF EXECUTIVE, AVIVA AS INSURERS, we’re here to help secure our customers’ financial futures and we understand the responsibility that comes with that. Ours is a long term business. We have to be there for our customers throughout their lifetimes, and beyond. So inevitably the sustainability of our business is a key priority for [...]
WHAT’S NEW IN GADGETS AND TECHNOLOGY January 26, 2011 A DIGITAL WATCH REVOLUTION The watch world brimmed with barely-concealed contempt last year when Apple released its newest iPod Nano complete with a digital clock face option and the serious suggestion that you could strap it to a wristband and wear it as a watch. But watchmakers of Switzerland will take a more wary interest [...]
What the other papers say this morning January 25, 2011 FINANCIAL TIMES RUSSIANS PREPARE FOR LISTING SPREE IN LONDON Four industrial and mining companies from Russia are set to list in London within the next few weeks, the first in a string of companies from the country rushing to raise an estimated $15bn-$20bn (£9.5bn-£12.7bn) this year. The companies are taking advantage of a narrow window [...]
TECH NEWS | IN BRIEF January 25, 2011 Psion hit by forex losses Psion forecast a normalised operating loss for the full-year, hurt by forex losses, but said it remained confident of strong growth in 2011. Shares of the company fell five per cent in trading yesterday. The provider of mobile computing services expects a normalised operating loss of £1.5m to £2.5m for [...]