News tagged with slowdown
Sony chief executive outlines turnaround plan
Nov 19, 2009 |
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(AP) -- Sony said it aims to be profitable in gaming and flat-panel TVs by the fiscal year ending March 2011, pushing 3-D technology as a way to showcase its strength in entertainment and surface from deep ...
India's Wipro posts 19 percent rise in profits
Oct 27, 2009 |
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India's third-largest software group Wipro on Tuesday reported a 19-percent rise in net profit and forecast improving demand, underscoring new optimism in the sector.
PC maker Lenovo reports loss amid weak demand
Aug 06, 2009 |
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(AP) -- Lenovo Group, the world's fourth-largest personal computer maker, reported a $16 million quarterly loss Thursday and said it faces pressure from weak global demand and intense competition.
Japan's Hitachi posts first-quarter loss
Jul 28, 2009 |
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Japanese high-tech giant Hitachi announced Tuesday a net loss of 82.7 billion yen (870 million dollars) for the fiscal first quarter with sales down heavily amid the economic downturn.
Japan's NEC to exit supercomputer project
May 14, 2009 |
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Japan's ailing IT giant NEC Corp. said Thursday that it would withdraw from a government-backed supercomputer project as part of its efforts to cut costs during the economic slump.
Japan's Pioneer expects sixth year in red
May 13, 2009 |
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Japan's Pioneer Corp. warned it would spend a sixth straight year in the red as it pulls the plug on its loss-making television business and slashes thousands of jobs.
Nintendo's annual profit rises 8.5 percent
May 07, 2009 |
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(AP) -- Nintendo Co. reported an 8.5 percent rise in annual profit as the video game maker shrugged off the global slowdown that has battered other Japanese manufacturers.
Chip sales down 30 pct in March: SIA
May 01, 2009 |
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Global semiconductor sales fell nearly 30 percent in March compared with a year ago but improved slightly over the previous month, the Semiconductor Industry Association (SIA) said Friday.
India's Tata Consultancy Services Q4 net profit up 4.6 pct
Apr 20, 2009 |
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India's largest software exporter Tata Consultancy Services Monday said net profit rose 4.61 percent in the fourth quarter, hit by lower fees and cuts in technology spending due to the global economic slowdown.
Britons offered cash grants to buy electric cars
Apr 16, 2009 |
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British motorists could receive up to 5,000 pounds (5,700 euros, 7,500 dollars) if they buy an electric car under government proposals unveiled Thursday.
Japanese firms in talks on microchip merger
Apr 16, 2009 |
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Renesas Technology Corp. and NEC Electronics Corp. are in merger talks to create Japan's top chipmaker as they seek to survive the global recession, reports said Thursday.
India's Infosys posts profit dip on slowdown
Apr 15, 2009 |
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India's Infosys Technologies said Wednesday its consolidated net profit for the fiscal fourth-quarter rose 29 percent from a year earlier, but fell sequentially due to the global slowdown.
Gartner expects global tech spending to decline
Mar 31, 2009 |
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(AP) -- The research firm Gartner says global spending on technology products and services will likely decline nearly 4 percent this year. The weak economy is to blame.
China Mobile reports 2008 net profit up 30 percent
Mar 19, 2009 |
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China Mobile, the world's largest mobile phone network operator, said Thursday its profits jumped by 30 percent last year, but warned China's telecoms market faced a tough 2009.
Hitachi to replace president, split off businesses
Mar 16, 2009 |
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Japanese hi-tech giant Hitachi Ltd. said Monday that it was replacing its president and splitting off its automotive systems and consumer electronics operations as it braces for a massive loss.
