Samsung lost $16.2 million in profit last year compared to a fraction of that a two years ago. It is the first loss in Samsung history. Interestingly, total revenue was up but profit fell due to smaller margins on phones and televisions. → Read More
Sharp is looking at a 10% reduction in flat screen production in its overseas factories, a reaction to the cooling economy and a recent lawsuit for price fixing. → Read More
With news of doom and gloom coming at us from every side I would like to take a moment to look at the market as it stands and assess what a slow-down/recession will mean for us, the tech obsessed. To recap, we are in this mess because of what amounts to a credit freeze. Companies that once could request “cash” to cover overnight expenses – we’re talking millions and… → Read More
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