Samsung hit by weak TV sales October 7, 2010 Samsung Electronics Co’s disappointing earnings guidance sparked slowdown worries as prices of its key products slide, hitting shares and ending the technology group’s run of record quarterly performances. The world’s largest memory chipmaker, which has a tradition of beating even the most bullish estimates, faces a tough outlook as a fragile world economy has hit [...]
Visa pushes new mobile phone payment systems September 19, 2010 VISA will roll out a network that will allow its customers to pay for goods using their mobile phones in time for the 2012 Olympics. The world’s biggest payment processing firm hopes the new technology will allow it to corner the small transactions market, which is still dominated by cash purchases. The firm believes the [...]
Arm shares rise to eight-year high as new chip is unveiled September 9, 2010 BRITISH chip designer Arm Holdings unveiled a new processor that could help it extend its dominance in mobile phones into new markets, sending its shares to a new eight-year high yesterday. Arm, led by chief executive Warren East, is making inroads into bigger rival Intel’s territory with design wins including Apple’s iPad tablet computer. Texas [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 8, 2010 FINANCIAL TIMES PROPOSAL FOR GRADUATE HIGH-FLIERS TO PAY EDUCATION PREMIUM Government officials are considering a plan to make graduates who become big earners pay a premium for their education as the coalition seeks ways to find extra money for universities. The novel policy proposal reflects a desire by Conservative coalition members to appease Liberal Democrat [...]
BP and energy peers propel the FTSE while banks drag September 8, 2010 EENERGY stocks led by BP pushed Britain’s top shares higher yesterday, outpacing falls in banks that were weighed down by European recovery concerns. The FTSE 100 closed up 21.92 points, or 0.4 per cent, at 5,429.74, after breaking a seven-session winning streak to close down 0.6 per cent on Tuesday at 5,407.82. Meanwhile the FTSE [...]
Samsung joins the queue of iPad killers September 2, 2010 Samsung’s first tablet computer will go on sale in two weeks, it said yesterday, joining the hunt to challenge Apple’s iPad. Global handset vendors and PC makers including Nokia, LG and Hewlett-Packard are moving into the new category of devices, between traditional PCs and smartphones, taking a cue from Apple. Dell said last month it [...]
Battle for the next stage of TV heats up August 26, 2010 DESPITE the ubiquity of the internet, television viewing habits on both sides of the Atlantic remain doggedly traditional. However, the battle for control of the next generation of TV viewers is hotting up. Manufacturers, such as Samsung are already rolling out internet-ready TVs as they prepare for a monumental shift in viewing habits. BBC’s hugely [...]
EU criticises WTO ruling on tech tariffs August 17, 2010 A ROW has erupted between the EU and the World Trade Organisation (WTO) over technology tariffs. The EU has slammed a World Trade Organisation report that orders it to end duties on electronic products. Brussels is now mulling an appeal against the ruling. The EU’s executive commission claims the WTO panel report fails to lay [...]
Samsung in record quarterly profit July 30, 2010 SAMSUNG Electronics has reported record quarterly profits thanks to increased sales of smartphones and memory chips. The South Korean firm’s net profit in the three months to the end of June was 4.28 trillion won (£2.3bn). That reprsented an 83 per rise on the same period a year earlier. Revenue surged by 17 per cent, [...]
Domestic demand adds to South Korea’s roar July 28, 2010 FROM shipbuilding and car manufacturing to world-class information technology and high-tech white goods, South Korea has gone from strength to strength since the 1960s. In the 1990s, South Korean multinational firms made a deliberate shift towards more high-technology goods and it is now home to well known household names such as Samsung, Hyundai, Daewoo and [...]