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.” …
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 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’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 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 …
“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 …
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 …
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 …
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 …
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 …
