profits News

Cisco to cut 6,500 jobs to boost profits

Cisco announced on Tuesday that it will layoff 9% of its workforce, or 6,500 jobs, in an effort to boost profits. That figure is lower than original speculation that the company would cut >>

HTC reports record revenue in Q4

HTC reported a record quarter Friday as its 2010 smartphone shipments were more than double the previous year. HTC saw record revenue in Q4, topping $3.3 billion on shipments of 9.9 million units. >>

Motorola reports first growth quarter since 2008

Motorola announced its Q3 results on Thursday and while the seemingly imminent arrival of the Verizon iPhone weighs heavily on investors’ minds, Motorola managed to report its best quarter in some time. Sales >>

Analyst: Nokia could issue Q2 profit warning next week

FierceWirelss is reporting that Macquarie Group analyst, Phil Cusik, anticipates Nokia to issue a Q2 profit warning as early as next week. Cusik cites: lower demand in Europe, a weak Euro, and “stale&rdquo >>

AMD posts first profit in 13 quarters

It has been a long, and at times, ominous road for number-two chip maker AMD, however, we are happy to report that there is reason for the underdog to celebrate. After 13 consecutive >>