Samsung, the former Korean powerhouse, has been busy suing Apple and now we probably know why: their LCD sales are flat and they are attempting to combine their LCD and semiconductor business to reduce accounting loss.
Rumor has it that Apple is reducing their dependence on Samsung in the future, another potential problem for the beleaguered company. → Read More
The financial crisis is hitting the technology sector hard. Apple (AAPL) is down 18 percent over the last 16 months and Google slipped below $400 a share for the first time in two years. Best Buy (BBY) hit its lowest mark of $35.64 since 2005 and Circuit City (CC) just hit .77 cents a share. Want more? RIM (RIM) is tumbling, Nokia (ADR) is down to 18.43 a share verse 38 at the beginning of the… → Read More
Oyez oyez. The honorable Sir Howard Stringer Esq. Adm. 1st Class III Deceased is now placing Sony into a financial recovery mode, an effort to nip all this PS3 nastiness in the bud. Sony was depending on the new console to bolster its market share and cash reserves and, as we all know, it did neither. But what does “recovery mode” mean? Not much. All he’s really saying is that… → Read More