“The decrease in _____ revenue was primarily due to _____” and “uncertainty associated with the proposed acquisition by Oracle and increased competition.” That refrain is repeated over and over again in Sun’s latest grim earnings report, which was filed without much in the way of announcement Friday afternoon.
IBM continues to be one of the econalypse’s success stories. This afternoon, the company beat analyst expectations, posting a third-quarter profit of $3.2 billion, or $2.40 a share, on revenue of $23.6 billion. Net income was $3.2 billion, up 14 percent from year-ago earnings of $2.8 billion.
Nokia CEO Olli-Pekka Kallasvuo says the demand for mobile devices improved in many markets during the third quarter–but you wouldn’t know it to look at the company’s earnings. This morning, Nokia posted an unexpected 559 million euro ($836 million) loss for the period, its first in a decade. Worse, its smart-phone market share declined to 35 percent from 41 percent in the previous quarter.
Six months. That’s how long it’s going to take Acer to surpass Dell in market share. Speaking at a news conference in London, company President Gianfranco Lanci took a few moments to talk a bit of smack about his rivals. Said Lanci: “Between this quarter and the next, we can finally pass Dell.”
Gartner analyst Ken Dulaney says Google’s Android OS will claim 14 percent of the global smart-phone market by 2012, putting it ahead of Apple’s iPhone but behind Symbian, which currently runs on about half of all smart phones. While this might seem optimistic, it’s not entirely unreasonable given the distribution deals Google has been lining up. Yesterday, the search giant announced a deal to bring Android-based devices to Verizon Wireless. Now comes word that Dell is building an Android handset for AT&T.
Analysts who follow Palm are already rolling their eyes over TheStreet.com’s claim that Verizon has balked at adding the company’s new Pre handset to its lineup. In a research note this morning, Deutsche Bank’s Jonathan Goldberg dismissed it as “off base.”
Looks like the worst is once again behind us. In remarks at the Intel Developer Forum on Tuesday, Intel CEO Paul Otellini said the PC industry is headed for recovery, albeit slowly.
When Motorola announces its new Android handsets at a scheduled Sept. 10 event in San Francisco, AT&T isn’t likely to be among their carriers. Sources close to the company tell MKM Partners analyst Tero Kuittinen that AT&T balked at Motorola’s Sawgrass and Heron handsets, allegedly because of their dated display technology.
Oracle CEO Larry Ellison is taking a $999,999 pay cut. According to a company filing with the Securities and Exchange Commission, Ellison will receive a base salary of $1 for fiscal 2010, down from the $1 million he collected in fiscal 2009.
Palm’s next webOS handset, the so-called Eos (codename: Pixie), is still in the pipeline, but it may not arrive at market for some time. Though some observers have speculated that the device would debut in the late fall in time for the holidays, others are now suggesting that a 2010 launch is more likely.
It was more than a decade ago that Microsoft’s Outlook email client first became accessible over the Web. Now the rest of the company’s flagship Office suite is following suit. At the opening of its Worldwide Partner Conference in New Orleans this morning, Microsoft announced a “technical preview” of Office 2010 and revealed that some of its key applications–Word, Excel and PowerPoint–will be available over the Web in 2010. For free.
Apple’s iPhone is coming to China, perhaps sooner than later. But when the handset finally arrives, it’s likely to lack an important feature. Sources say Apple has formally requested a network access license to sell the iPhone in China, but it’s for a customized model in which Wi-Fi support has been disabled.
The first half of 2009 has been brutal time for the IT sector. With consumers hesitant to buy and enterprise slashing IT budgets, world-wide information technology spending this year will decline six percent. That’s the word from Gartner, which back in March was claiming the decline would be just 3.8 percent.
According to some lines of code secreted away within webOS, Palm has at least one more handset in the pipeline–the so-called Eos (codename: Pixie). And while no one seems to know when it will arrive at market, there’s speculation today that we’ll see it by November, right in time for the winter holidays.
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper.
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
Best video mashup ever.
A Facebook Memorial
Wow.
Worth it for the Rickrolling photo alone.
Excellent.
Flughumor!
… you vacuous, toffee-nosed, malodorous perverts
Stephen Fry and zoologist Mark Carwardine meet the kakapo — a fat, flightless and very randy rare parrot.
Spectacular in the bellowing Russian sailor sense of the word …
“If you spell something wrong on your insurance claim, do you really deserve surgery? I don’t think so …”
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