Reporting disappointing second-quarter earnings a few weeks back, Sony warned that the Christmas shopping period would likely be a weak one. “We are quite cautious in foreseeing end-of-year sales,” Sony CFO Nobuyuki Oneda said at the time.
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As clever as it is, Verizon’s reimagining of a Rankin/Bass animated Christmas television special as a criticism of AT&T’s wireless network coverage did not go over well with Ma Bell. On Wednesday, the carrier amended its complaint against Verizon, asking a federal court in Atlanta to force its rival to immediately pull the ad and two other holiday-themed spots that debuted with it.
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If AT&T took offense at Verizon’s “There’s a Map for That” ad campaign, wait until it gets a load of its rival’s newest ad spots. Unfazed by AT&T’s litigious reply to its first effort, Verizon rolled out a trio of new anti-AT&T ads over the weekend and they are brutal in their criticism of the carrier’s network coverage.
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Sony’s second quarter was another sorry one marked by the company’s fourth loss in as many quarters. Still, it was smaller than expected.
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Verizon uncrated its latest iPhone challenger Wednesday morning, introducing the new $199 Motorola Droid, and it already has analysts buzzing about the life it may breathe back into Motorola, whose share of the phone market dropped by nearly half in the second quarter from 10 percent a year earlier.
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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.
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Now that sales of the Pre in the states have tapered off to a point where supply and demand are roughly in parity, Palm is gearing up to bring the handset to Europe. In a statement issued this morning, the company said Telefónica’s O2 subsidiary will carry the Pre in the U.K., Germany and Ireland, while its Movistar brand will offer it in Spain.
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With the Palm Pre and iPhone 3GS in stores and the myTouch 3G, T-Mobile’s second Google Android phone, headed to market, is Research in Motion’s product lineup beginning to look a bit dated? Which leads to another question: Has RIM’s success made it too complacent? GC Research analyst Tero Kuittinen believes it has.
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Microsoft has finally given Windows 7 a release date. According to Bill Veghte, senior vice president for Windows, the next iteration of the company’s operating system will arrive at market in time for the holiday shopping season.
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With the econalypse still playing havoc with global finances, holiday shoppers are behaving pretty much as you’d imagine. They’re spending less–presumably, saving up for that awful rainy day when discretionary income is better spent holding onto their homes than on another Wii game under the Christmas tree.
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Black Friday, the beginning of the traditional Christmas shopping season, will kick off far earlier than usual this year, thanks to Circuit City. In the aftermath of a particularly nasty second-quarter loss and a 95 percent decline in share price, the long-suffering electronics retailer said today it is shuttering 155 of its stores across 12 U.S. markets and sacking 17 percent of its domestic workforce.
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