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Cisco could cut 10,000 jobs to boost profit

July 12th, 2011

Cisco could cut as many as 10,000 jobs — 14% of the company’s employees — in an effort to boost profits, Bloomberg reported on Tuesday. 3,000 Cisco employees accepted buyouts and early retirement packages, which will cost Cisco between $500 and $1.1 billion during the fourth quarter. While the layoff plans aren’t final, 7,000 more …

Nintendo Wii U console launching after April 1st, 2012, exec says

July 6th, 2011

In a recent interview with Forbes, Nintendo of America’s president and chief operating officer Reggie Fils-Aime was asked how his company will market the new Nintendo Wii U console — given that the existing Wii will still be on the market. Fils-Aime responded by noting that the console will not launch until after April 1st …

Sony to launch PlayStation 4 in 2012, report claims

July 5th, 2011

Sony’s manufacturing partners will begin building the consumer electronics giant’s next-generation video game console toward the end of this year, with a launch scheduled for 2012, DigiTimes reports. Details surrounding Sony’s PlayStation 4 are very limited for the time being, but the report states that the new console will feature integrated movement-based controls similar to …

Nokia CEO confident firm’s first Windows Phone will launch this year

June 21st, 2011

During the CommunicAsia conference in Singapore on Tuesday, Nokia’s CEO Stephen Elop said Nokia is now on track to release its first Windows Phone device during 2011. Previous reports had suggested that Nokia would release its first Windows Phone in 2012 — when it’s expected to launch as many as a dozen different devices, including …

Sony to post $3.2 billion annual loss

May 24th, 2011

Sony Chief Financial Officer Masaru Kato announced to the press on Monday that the company expects to post an annual loss of $3.2 billion for its fiscal year ending in March 2011 — the second largest loss in company history. The news comes as yet another blow for the Japanese consumer electronics giant, whose online …

Nokia Windows Phones to pack dual-core processors

May 20th, 2011

Nokia will launch 12 Windows Phone devices in 2012 — and a few of them will offer dual-core processors. Speaking to Forbes during STMicroelectronics’ analyst day, STMicroelectronics’ CEO Carlo Bozotti confirmed that his company still has “very close relations” with Nokia and that it will be “an important supplier” in Nokia’s future Windows Phone products. …

U.S. Cellular to launch LTE network ‘in time for holidays’

May 6th, 2011

Regional wireless provider U.S. Cellular has officially thrown its hat into the 4G ring. “U.S. Cellular, in conjunction with its partnership with King Street Wireless, announced today that it will deliver high-speed 4G LTE services and 4G-enabled devices to more than 25 percent of its customers across two dozen markets in time for the holiday …

Sprint to pay Clearwire $1 billion in 4G fees through 2012

April 19th, 2011

Sprint, which owns the majority stake of Clearwire, has agreed to pay the company at least $1 billion through 2012 for fees associated with the use of its 4G WiMAX network. Sprint and Clearwire entered arbitration late last year after Sprint argued that it shouldn’t have to pay a fee for 4G handsets that exist …

Nokia W7 and W8 said to be Nokia's first Windows Phones

April 14th, 2011

According to industry insider Eldar Murtazin, a man whose been known as a Nokia seer of sorts over the years, Nokia will make its Windows Phone debut with two new devices, the W7 and the W8. Reportedly, the W7 is being used inside Nokia as a test device and will hit the market first. Rumor …