Hewlett-Packard’s second-quarter financials may have been in line with forecasts, but they were troubling nonetheless. A number of analysts predicted that the company might report better-than-expected earnings. Sadly, it did not.
“We believe that the shipment crossover of desktop PCs to mobile PCs will now happen this year and not next year, as we originally anticipated.” Intel CEO Paul Otellini made that prediction this past April, and it would appear he’s been proven right.
Oh, they’re all piling on now. This week has brought with it bad news from Palm, Research In Motion, Adobe, AT&T, and Nokia. Now AMD has joined them as well. In a terse statement issued this morning, the company warned that its fourth-quarter revenue will come in significantly lower than previously expected, thanks to souring computer sales.
Research In Motion’s downside guidance for the third quarter is playing hell with the company’s share price today. After market close Tuesday, RIM said revenues for the three months ended November will fall short of its earlier forecast. The company blamed the news on product-launch timing, general economic conditions and foreign-exchange volatility, but could there be something else at work here a well? Like an uncompelling product line?
Dell delivered its fiscal third-quarter results after market close Thursday, and they were about as exciting as the company’s industrial design. It reported a five percent drop in earnings thanks to what company officials euphemistically describe as “a challenging demand environment.”
Looking over Motorola’s dismal third-quarter earnings, it’s hard to imagine that the company once claimed more than a fifth of global handset sales. After market close Thursday, the long-suffering handset maker posted a loss of $397 million, or 18 cents a share, and said it will sack 3,000 employees this quarter and next as it cuts costs, reorganizes its mobile devices business and generally tries to reverse its continued descent into the maelstrom.
Russia’s antitrust authorities have dropped the hammer (and sickle) on Google’s proposed $140 million acquisition of online advertising firm ZAO Begun. Interestingly, Russia’s Federal Anti-monopoly Service, FAS, blocked the deal not because it felt it would harm competition, but because Google didn’t provide it with enough information to make that determination.
Something over at iRobot doesn’t compute. The robot maker just lost its second co-founder in as many months. On Wednesday, Helen Greiner stepped down from her post as chairman of iRobot, leaving only CEO Colin Angle as the remaining co-founder of the company. Coming as it does just a month after the resignation of Rodney Brooks, iRobot’s co-founder and CTO, Greiner’s departure is a bit of a surprise.
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.
Includes “Pigs in a Polka,” “Rabbit of Seville” and, of course, “What’s Opera, Doc?”
Take the famous ballads and duets of West Side Story, insert a dozen mentions of famous social media sites like twitter and facebook, and this is what you get.
An iPod mini rebuilt with a wooden case
Star Wars meets Magnum, P.I.
Music videos recreated with new lyrics based on what’s actually happening in them. Daydream Believer and Total Eclipse of the Heart are particularly good.
In response to numerous e-mails, I have no idea what planet the giant alien creature is from. Judging from its enormous gills, I’d have to guess it’s from a watery planet. Reminder: please let me know if you plan to be in the office on Memorial Day so I can request HVAC for your floor.
For those of you who mock the wolf shirt beware. There is an old Navajo story about a young man who made fun of another man for wearing a wolf trio shirt. Legend has it that in his sleep, the wolves on the other man’s shirt came to life and tore his body to shreds. They never found any part of that man’s body. The Wolf is something to be respected and feared, not treated like a novelty.
Hands down the most inexplicably bizarre game for Wii I’ve ever seen
Yo mama is so attractive she could be on the cover of Prevention.
The inspiration for this project was to determine who could generate the worst flatulence measurable in a personally unbiased manner.
D is unlike any other executive conference. Since its debut in 2003, D has brought to life the energy and excitement of the digital revolution in an unscripted, upfront and unparalleled way. Read more »
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