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Business

HP may keep its PC business after all

September 20th, 2011

In a recent interview with CRN, HP chairman Ray Lane outlined situations in which HP may hang on to its PC business. “If we don’t make that decision [to spin off], it’s because of two things: We can’t offer a better proposition to customers and investors,” Lane said. “If we can’t it stays inside HP.” …

Samsung taps ex-Acer CEO Gianfranco Lanci to boost notebook biz

July 25th, 2011

Acer’s former chief executive Gianfranco Lanci may join Samsung to assist with building the Korean firm’s notebook business, DigiTimes reported on Monday. Gianfranco Lanci resigned from Acer in March of this year after the company hit a rough patch. Rumor has it Lanci’s attractive management expertise in European sales channels attracted both Dell and Samsung …

RIM bosses granted six-month reprieve

July 13th, 2011

RIM has six months to prove a real business need for its Co-CEOs Mike Lazaridis and Jim Balsillie to retain their roles as Co-Chairmen of the Board, otherwise Northwest & Ethical Investments LP will take action. “We wanted to give them a chance to prove that there is an actual business necessity,” Jennifer Coulson, manager of corporate …

Samsung profits slide 26% amid poor display sales

July 7th, 2011

Samsung’s profits fell 26% during the second quarter due to poor sales in its LCD display division, according to a report the company released today. The firm’s operating profits were $3.5 billion for the quarter, down from $4.7 billion from the same period last year. According to a survey from Bloomberg that included six analysts, …

Samsung to combine display, semiconductor businesses

July 2nd, 2011

Samsung will combine both its flat-panel display and semiconductor businesses into one unit, The Wall Street Journal reported on Friday. Samsung’s display business wasn’t profitable during the first quarter and it’s on track for the same lackluster performance during the second quarter. Combined, however, the display and semiconductor businesses made up 70% of Samsung’s operating …

Back to business: RIM will lose consumer market, analyst says

May 27th, 2011

“We no longer anticipate Research in Motion recovering to participate in the mainstream of smartphone industry growth.” Those are the words of Matthew Robison, an analyst with Wunderlich Securities, which recently downgraded RIM’s stock. Robison argues that RIM is going to lose the consumer interest that it has built over the last few years. “Our …

Microsoft details Windows Phone ‘Mango’ business features

May 16th, 2011

Paul Bryan, Microsoft’s senior director of business experiences product management for Windows Phone, has written a blog post that details Windows Phone Mango’s business productivity features. The update, which will be discussed in deeper detail during a press conference in New York City on May 24th, will include pinnable email folders for quick access from …

Sprint goes after T-Mobile customers, uses acquisition as bait

May 12th, 2011

Speaking of smear campaigns, a new Sprint promotion specifically targets T-Mobile CL customers that may be uneasy about the proposed merger, according to a new report. According to a purported internal document, Sprint is trying to lure customers away by offering to pay their T-Mobile early termination fees up to $175 per line if they …

Samsung divests its hard-drive unit, sells to Seagate

April 19th, 2011

Reuters is reporting that Samsung Electronics has agreed to sell its hard drive business to Seagate Technology for $1.4 billion in cash and stock. The move is seen as two pronged: first, it will allow Samsung to exit an extremely competitive market and refocus its efforts on its successful memory-chip business. Secondly, it will allow Seagate to be more competitive with …

Nokia unveils E6, X7 with new Symbian 'Anna' software

April 12th, 2011

While both phones were heavily leaked, today Nokia took the wraps off of two new Symbian-powered smartphones, the E6 and the X7. The E6 is targeted at the business bunch and sports a full QWERTY keyboard, a 2.46-inch 640 x 480 pixel touchscreen display, an 8-megapixel camera, GPS, 802.11n Wi-Fi, and a 1,500mAh battery. The …