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Palm’s CEO: So Far 1 Million Apps Downloaded; ‘Haven’t Had An Issue’ With Lack Of Developer Interest

Jun 25, 2009 5:43 PM

Newly appointed Palm (NSDQ: PALM) CEO Jon Rubinstein symbolically took over the company’s reigns today by leading the Palm’s fourth-quarter conference call, and was clear in delivering this message: Palm remains on track—from meeting Pre supply to working with application developers. One topic he would not touch, however, was the…

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Posted In: Money, Earnings, Companies, Palm

Earnings: RIM Trades Lower Despite Reporting Strong First-Quarter Results

Jun 18, 2009 4:36 PM

Research In Motion reported higher earnings in its first quarter today, but the company’s stock traded lower as investors looked ahead to the rest of the year in which the BlackBerry-maker must compete against a slew of new smartphones, including the iPhone 3G S, the Palm (NSDQ: PALM) Pre and…

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Posted In: Gadgets, Money, Earnings, Companies, RIM, Blackberry

Earnings Lookahead: Analysts To Watch For Profit Margin Pressures At RIM

Jun 15, 2009 7:12 AM

RIM (NSDQ: RIMM) has benefited greatly from the growth in smartphone uptake, and remains the market leader in overall sales in the US. According to the NDP Group, its sales accounted for half of all smartphone sales in the first three months of 2009 in the US, where it sells…

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Posted In: Money, Earnings, Companies, Apple, RIM, Verizon

Investors Not Sold On Summer Smartphone Trend

Jun 9, 2009 3:41 PM

It’s an exciting time for the industry with a ton of next-generation smartphones hitting store shelves this summer. But it seems Wall Street is reluctant to place bets on which devices will become hits and is wary on just how companies will make money. As a result, many companies from…

After the jump, we'll look on how stock prices have remained »

Posted In: Money, Earnings, Companies, Apple, AT&T, Google, Nokia, Palm, RIM, SprintNextel, T-Mobile, Verizon

Earnings: Vodafone Net Profit Plunges; Emerging Markets, Verizon Offset European Declines

May 19, 2009 4:04 AM

Vodafone’s latest full-year earnings are a tale of two markets. The British telecoms giant was saved by its emerging markets units, in particular India, as its European operations, especially Spain, struggled amid the recession. Vodafone (NYSE: VOD) reported full-year net profit dropped 54.4 percent to £3.08 billion ($4.8 billion) from…

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Posted In: Money, Earnings, Companies, Verizon, Vodafone

Vodafone To Speed Up Cost-Cutting Measures

May 18, 2009 11:17 AM

As part of Vodafone’s full-year results tomorrow, the global carrier reportedly will announce an aggressive cost-cutting plan as economic pressures weigh heavily on its European operations. The Financial Times reports that Vodafone (NYSE: VOD) is expected to seek savings of more than £500 million ($765 million) by March 2010, which…

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Posted In: Money, Earnings, Companies, Vodafone

Earnings: Sony Ericsson Drags Down Sony Results

May 15, 2009 12:38 PM

Sony (NYSE: SNE) has released its full year earnings for the 12 months ending March 31st, and its 50 percent share in Sony Ericsson (NSDQ: ERIC) helped drag down ts results. We already knew Sony Ericsson was in trouble—it’s first quarter results were dismal and it announced plans to axe…

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Posted In: Money, Earnings, Companies, Sony, Sony Ericsson

Earnings: Clearwire Reports Higher Q1 Revenues; Details Executive Changes

May 13, 2009 4:25 PM

Clearwire (NSDQ: CLWR) reported first-quarter earnings today, including higher revenues and a narrower loss. It also announced a series of management changes, including the appointment of three new executives, and shuffling around others. Clearwire’s CEO Bill Morrow (pictured, right), who was appointed only two months ago, said today that they…

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Posted In: Industry Moves, Money, Earnings, Technologies / Formats, 3G, Broadband, WiMax, Companies, Clearwire

Earnings: Telefonica Profit Up As Latin America Offsets Declines In Spain, Europe

May 13, 2009 5:22 AM

Latin America came to Telefonica’s rescue again, helping offset shrinking sales in its European operations, and boosting the company’s first quarter profits. Europe’s second largest phone company reported first quarter net income rose 9.8 percent to 1.69 billion euros ($2.31 billion), beating analyst expectations that had forecast a profit of…

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Posted In: Money, Earnings, Companies, O2, Countries, Europe, UK, Latin America

Earnings: Buongiorno Revenues Fall 15% In First Quarter, EBITDA Up Slightly

May 11, 2009 1:43 PM

Italian mobile content vendor Buongiorno (BIT: BNG) has released its results for the first quarter of 2009. The compny saw revenue fall by over 15 percent year-on-year, from 79 million euros (US$107.4 million) in the first quarter of 2008 to 67 million euros (US$91 million) in the first quarter of…

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Posted In: Money, Earnings, Countries, Europe

Bell Canada Acquires Virgin Mobile Canada As Pricing Pressures Mount

May 7, 2009 12:36 PM

Bell Canada has acquired Virgin Mobile (NYSE: VM) Canada in the hopes of driving wireless-customer growth and competing more effectively with other discount providers. Bell Canada, which already owned half of Virgin Mobile Canada, paid $142 million for the remaining stake, reports the Financial Post. In a conference call discussing…

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Posted In: Money, Earnings, M&A & Venture Capital, Mergers & Acquisitions, Companies, Virgin, Virgin Mobile, Countries, Canada

Earnings: Deutsche Telekom Posts Loss On T-Mobile UK Writedown; Downturn Hits T-Mobile USA

May 7, 2009 4:17 AM

Deutsche Telekom (NYSE: DT) posted a first quarter loss as the economic downturn hit the performance of its T-Mobile units in the USA, UK, and Poland.  But it was T-Mobile UK that hurt the most. The German telecoms giant reported a loss of €1.12 billion euros ($1.5 billion), compared to…

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Posted In: Money, Earnings, Companies, T-Mobile, Countries, Europe, UK, Germany

Earnings: Glu Mobile Sees Carrier Sales Rebounding While Emerging App Store Sales Remain Small

May 6, 2009 4:59 PM

Glu Mobile (NSDQ: GLUU) reported first-quarter revenues of $20.8 million today, easily beating its own forecasts of up to $18.5 million in revenues. The company’s $5.8 million net loss also was better than its own estimates, which predicted that the company would lose between $6.7 million and $7.1 million. The…

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Posted In: Entertainment, Gaming, Money, Earnings, Companies, Apple, Google, Microsoft, Nokia, RIM

Earnings: EA Says Mobile Revenues Jumped 24 Percent In The Past Year

May 5, 2009 5:49 PM

While Electronic Arts (NSDQ: ERTS) continues to implement several cost-reduction initiatives to turn around the broader company, mobile continues to be a bright spot. In the fiscal fourth quarter, the company reported an adjusted net loss of $120 million, or 37 cents a share, down from the $30 million profit,…

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Posted In: Entertainment, Gaming, Money, Earnings, Companies, Apple, Electronic Arts , EAMobile

Earnings: Virgin Mobile UK Contract Customers Surge On Cross-Selling

May 5, 2009 7:58 AM

*Virgin Media*, Britain’s second largest pay-television company, and owners of *Virgin Mobile UK*, its MVNO service, reported first quarter earnings today. Mobile revenue in the quarter fell 3 percent to £135.3 million ($205 million) from £139.5 million ($211 million) a year ago, as low value prepay subscribers left the company,…

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Posted In: Money, Earnings, Companies, Virgin, Virgin Mobile, Countries, Europe, UK

Interview: Sprint CEO Hesse: ‘We Still Have A Lot Of Areas For Improvement’

May 4, 2009 3:26 PM

Sprint’s message following the release of its first-quarter financial results today was this: Most of the company’s major initiatives are in place—now it has to wait for the impact to show up in the second half of the year. Sprint’s CEO Dan Hesse, who took on the task of turning…

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Posted In: Money, Earnings, Companies, Clearwire, SprintNextel

Earnings: Sprint Beats Expectations As Low-Cost Boost Service Lures Customers

May 4, 2009 6:00 AM

Sprint (NYSE: S) Nextel posted a first quarter net loss of $594 million, or 21 cents per share, compared to a lost of $505 million, or 18 cents a share a year ago. But stripping out the severance related charge of $327 million, Sprint said it would have posted a…

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Posted In: Money, Earnings, Companies, SprintNextel

Motorola Pins Hopes On Android, But Analysts Question If It Can Distinguish Itself From Rivals

Apr 30, 2009 5:36 PM

Android, Android, Android. To say that beleaguered cellphone maker Motorola (NYSE: MOT) is pinning its hopes on the operating system would be an understatement. Today, after co-CEO and head of its mobile unit Sanjay Jha confirmed during its Q1 earnings call that Motorola was on course to launch Android-based smartphones…

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Posted In: Gadgets, Money, Earnings, Social Media, Technologies / Formats, Operating Systems, Companies, Motorola

Earnings: Motorola Posts $291 Million Loss As Cellphone Sales Slump 45 Percent

Apr 30, 2009 6:23 AM

Motorola (NYSE: MOT) reported first quarter earnings today, posting a $291 million loss, or $0.13 a share, while sales at its struggling cellphone unit plunged 45 percent, compared to a year ago. According to Bloomberg, the loss, however, was smaller than analyst forecasts, with job cuts helping to offset falling…

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Posted In: Money, Earnings, Companies, Motorola

Earnings: Gameloft Sales Climb 21 Percent, Boosted By iPhone Game Sales

Apr 29, 2009 7:01 AM

The iPhone has once again boosted Gameloft (EPA: GFT) earnings. The French gaming firm singled out the “strong performance” of its iPhone games, as well as “solid sales” of Java and Brew games, as helping boost mobile games sales 21 percent in the first quarter. The news about Java and…

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Posted In: Entertainment, Gaming, Money, Earnings

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