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Sony confirms PC market exit, sees FY loss
2014-02-06 09:01:00| Telecompaper Headlines
(Telecompaper) Sony has confirmed plans to sell off its PC business in order to focus more on smartphones and tablets. In addition, it plans to refocus its TV business on the high end of the market in order to turn the activities profitable by the fiscal year to March 2015. The above measures, as well as a target for a 20 percent reduction in manufacturing and production costs, will lead to a loss of around 5,000 jobs at the group as well as a net loss in the current year on restructuring charges and asset writedowns. In the December quarter, Sony still posted a net profit of JPY 27.0 billion, reversing a loss of JPY 10.8 billion in the year-earlier period. Revenues jumped 23.9 percent to JPY 2.413 trillion, due mainly to positive forex effects, as well as the new Playstation and stronger smartphone sales. Excluding currency effects, revenues rose 5 percent. The Mobile Products division, which incldues PCs and smartphones, was still in the red, with an operating loss of JPY 12.6 billion versus a loss of 21.3 billion a year ago. Revenues at the division were up 44.8 percent, or 18.8 percent excluding currency effects, to JPY 461.5 billion, driven by higher smartphones sales and an increase in phone prices, offset by lower unit sales of PCs. Sony sold 10.7 million smartphones in the quarter, up from 8.7 million a year ago. However, the company cut its outlook for full-year sales, to 40.0 million units from an outlook in October of 42.0 million.
Sony confirms 5,000 job cuts, sale of PC business
2014-02-06 01:00:00| Total Telecom industry news
Japanese electronics maker expects to swing to full-year net loss.
Microsoft confirms Nadella as new CEO
2014-02-04 15:25:00| Telecompaper Headlines
(Telecompaper) Microsoft has confirmed Satya Nadella, a 22-year veteran of the software giant, as its new CEO. The head of Microsoft's Cloud and Enterprise Group joins the board and replaces CEO Steve Ballmer with immediate effect. Ballmer annoucned last August that he would step down once a successor was found. Microsoft also announced that founder Bill Gates will step down as chairman and assume the new role of 'Founder and Technology Advisor', devoting more time to the company and supporting Nadella in shaping technology and product direction. John Thompson, lead independent director on the board, will become the new chairman. Nadella joined the company in 1992 and previously served as head of Microsoft's Server and Tools division. Gates said "Satya is a proven leader with hard-core engineering skills, business vision and the ability to bring people together".
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microsoft confirms
United Kingdom: Cuadrilla confirms plans for two fracking sites in Lancashire
2014-02-04 12:50:00| Climate Ark Climate Change & Global Warming Newsfeed
BusinessGreen: Shale gas company Cuadrilla intends to begin fracking at two sites near Blackpool as early as next year. Planning consent will be sought "to drill, hydraulically fracture and test the flow of gas from up to four exploration wells on each of the sites, one at Roseacre Wood and the other at Preston New Road", the company said in a statement today. The proposal marks the first concrete fracking plans since a ban on the controversial extraction technique was lifted at the end of 2012. Drilling...
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US Navy Confirms Its Selection Of Raytheon For Next Generation Jammer Electronic Warfare Program
2014-02-04 06:10:21| rfglobalnet News Articles
Following the US Navy's confirmation of its Next Generation Jammer contractor, Raytheon Company (NYSE:RTN) announced today it is ready to resume work on this critical electronic attack program for the warfighter.
Tags: program
selection
electronic
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