Wednesday, November 11, 2009
Applied Materials: The Next Tech Layoffs?
In a development that only Scrooge and the Grinch would find amusing, the tech industry has entered into a fevered period of pre-holiday job cuts.
Friday, July 17, 2009
Parsing Words in the Tussle Over Nortel
Here is a good rule of thumb in M&A: Be careful what you say in public.
The joint venture Nokia Siemens appears to be learning this lesson the hard way this week, after its North American Operations president, Sue Spradley, was quoted as saying it would be interested in buying “other” assets of Toronto telecommunications-gear maker Nortel Networks, which filed for bankruptcy-law protection in January.
Thursday, April 16, 2009
Nokia Sees Handset Demand Stabilizing; Shares Jump
Nokia shares are headed sharply higher this morning after the company indicated the worst may be over for the mobile phone business.
For the first quarter, the company posted revenue of 9.276 billion Euros, down 26.7 percent year over year, and 26.8 percent sequentially. Revenues from the device business were down 33.4 percent year over year, and 24.2 percent from Q4.
Tuesday, December 23, 2008
Report: Nortel Mulling $1 Billion Offers for Various Assets
Nortel Networks, the once multibillion dollar telecom vendor now trading as a micro cap, may be considering offers of as much as $1 billion for its product portfolio of gear that lets phone companies string Ethernet networking to homes and businesses.
Thursday, October 16, 2008
Powerwave in Power Dive: Down 38 Percent This Week
It’s been a bad week for Powerwave (PWAV): The stock is down 38 percent since Friday.
Not a lot of substantive news, but plenty of incremental worry about the state of the communications equipment segment. Powerwave makes power amplifiers and other components for communications gear.
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