Though U.S. political leaders managed to spark some good news for the economy Friday, technology stocks are down for the week, showing a continued lack of confidence in the sector.
Dell on Thursday reported a sharp drop in revenue and profits for the third quarter as the weak PC market continued to weigh on its results.
The U.S. and China are likely to resolve the conflict over potential security threats from Huawei Technologies' network equipment without a trade war, Cisco Systems chairman and CEO John Chambers said on Tuesday.
Cisco Systems posted higher revenue and profit in its fiscal first quarter despite weak orders in Europe, as results in the U.S. were strong, the networking company reported on Tuesday.
Lenovo's net profit for the fiscal second quarter increased by only 13 per cent year-over-year, marking a shift from the high profit growth the company has previously seen.
Alcatel-Lucent reported a third-quarter loss and declining gross margins, as its cost-cutting program failed to keep up with declining sales of its network equipment and related services.
Wipro said Friday its IT services business grew only 4.6 percent in U.S. dollar terms in the quarter ending Sept. 30, a much slower rate of growth reflecting a weak global economy.
Sony on Thursday cut its global sales targets for key products including its PlayStation handheld consoles and TVs, but held to its goal of returning to profitability this year.
Japan's Softbank, which announced a US$20 billion deal to acquire U.S. mobile operator Sprint Nextel earlier this month, said it booked a record operating profit in its fiscal first half.
Japan's Panasonic said Wednesday it will end its brief return to the European smartphone market, pulling out less than a year after launching its first handset outside of Japan since 2005.
Taiwanese PC maker Asus saw major growth in its tablet shipments in the third quarter with the launch of Google's Nexus 7, and projects the shipments will reach at least 10 million units next year.
China's largest search engine, Baidu, said on Tuesday its net profit for the third quarter increased by 59.8 percent year over year on continued growth from advertising customers and improvements made to draw revenue from its online ad services.
Tech stocks were flat Friday afternoon after earnings announcements from IT vendors this week and a government economic report offered glimpses of good news, but not enough to dispel the pall that hangs over the technology market.
Amazon.com made a net loss in the third quarter, its first loss in nine years, even as revenue increased by 27 percent year on year.
Apple sold 27 million iPhones and 14 million iPads in the last quarter of 2012, swelling its revenue by 27 per cent, but its profits fell short of what analysts had been expecting.
Most Popular Reviews
- 1 2016 Ford Mustang EcoBoost review
- 2 Synology DS216+ Review
- 3 Review: TCL C1 series 4K TV
- 4 Tech21 Evo Xplorer iPhone case review
- 5 LG 55EG960T OLED UHD TV
Join the Good Gear Guide newsletter!
Latest News Articles
- Linksys Max-Stream AC1900+ WiFi Range Extender RE7000 review
- Sony reveals DualShock 4 wireless adapter for PCs
- Exclusive no more: Sony's PlayStation Now is bringing hundreds of PS3 games to PCs
- AMD sweetens its 6- and 8-core FX chips with free Deus Ex: Mankind Divided
- Twitter rolls out night mode in its iOS app
GGG Evaluation Team
First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.
For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.
The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.
The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.
My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.
- FTSenior Full Stack .Net DeveloperNSW
- FTTandem/NonStop Technical ConsultantWA
- CCDesktop Support EngineerNSW
- FTJava DeveloperNSW
- CCContract Analyst Programmer (JAVA/SQL) 160826/AP/972Asia
- CCContract Analyst Programmer (JAVA/Unix/Linux/Web) 160819/AP/173Asia
- CCSenior Embedded Software EngineerWA
- CCContract Analyst Programmer (JBoss/J2EE/SQL) 160830/AP/193Asia
- FTApplication AdministratorACT
- FTAutomation Tester- C#, Selenium | Cloud Based Finance SolutionsNSW
- CCSAP ArchitectSA
- CCImplementation and Deployment ManagerNSW
- CCService Desk AnalystNSW
- CCETL DeveloperACT
- CCContract Programmer (JAVA/XML) 160818/P/872Asia
- CCContract Analyst Programmer (JAVA/J2EE) 160901/AP/781Asia
- CCSenior Solution ArchitectACT
- CCSecurity ArchitectACT
- FTCapacity PlannerNSW
- CCContract Programmer (JAVA/J2EE) 160901/P/601Asia
- FTTechnical Lead | Senior Java Developer | EcommerceNSW
- CCSenior IT Project SpecialistVIC
- FTMiddleware - DevOps EngineerVIC
- CCPortfolio Delivery ManagerACT
- CCSalesforce CRM ManagerNSW