07/17, 11:45pm
AMD posts loss, CEO leaves
AMD on Thursday posted disappointing second quarter results, citing a net loss of $1.189 billion, or $1.96 per share, while also announcing that CEO Hector Ruiz would step down from his position. In terms of continuing operations, the net loss was posted as $269 million (44¢ per share), with operating losses at $143 million. Net favorable impact sits at $97 million (16¢ per share), while losses from discontinued operations came in at $920 million ($1.52 per share) and impairment charges at $876 million ($1.44 per share).
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05/29, 5:45pm
Dell revenue up
Dell has reported fiscal first quarter revenue of $16 billion, a 9 percent year-over-year increase. While net earnings of $0.38 cents per share represent a 12 percent increase, operating income was down 4 percent compared to the year-ago quarter. In a statement, Dell officials said that the results were driven by "better-than-industry growth of commercial and consumer products and services, and lower operating expense as a percent of revenue." Specifically, notebook sales skyrocketed 43 percent, a rate Dell says is 1.2 times the industry average. The consumer segment was also especially strong, with Dell claiming to grow global share of this market by 1.2 points to 8.8 percent during the quarter.
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04/02, 6:40pm
RIM posts large profits
BlackBerry manufacturer RIM today posted its fourth quarter and year-end results for fiscal 2008, with quarterly revenue topping 1.88 billion, or a 102-percent increase from the year ago quarter. RIM boasts a user base of 14 million, 2.18 million of which were new subscribers for the quarter, or an increase of 32-percent from the previous quarter. Overall, RIM posted a 98-percent revenue increase for the year, with total revenue sitting at $6.01 billion.
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02/28, 10:10am
iPhone best seller for O2
O2 today revealed that the iPhone is its fasting selling device for the UK, noting that the device has helped it achieve 9.5-percent revenue growth during the final quarter for 2007. While O2 did not provide specific sales numbers for the device alone, it said that the iPhone led its strongest quarter on record, adding 483,000 customers and 276,000 contracts to its roster. These latest results are the first to show the effects of the iPhone on the company's UK sales, according to Pocket-lint.co.uk.
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01/22, 12:15am
Apple's Q1 2008 results
Apple on Tuesday will release its Q1 fiscal results, which are expected to show better-than-anticipated numbers, mainly due to strong Mac sales. Despite a steady tumble in share price starting in early January, analysts are predicting that Apple could be worth close to $600 per share within 18 months. In addition to strong machine sales, the optimistic outlook is fueled by Apple's desire to sell 10 million iPhones by the end of 2008, as well as the prospect of an iPhone "nano".
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