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Sony to cut TV, smartphone lineup; sees growth in PlayStation, image sensors
2014-11-25 10:50:34| Electronics - Topix.net
Japan's loss-making Sony Corp plans to slash its TV and mobile phone product line-ups to cut costs, counting on multi-billion dollar revenue surges for its buoyant PlayStation 4 and image sensor businesses over the next three years. Having lost ground to nimbler rivals like Apple Inc and Samsung Electronics Co Ltd in consumer electronics, Sony said on Tuesday its goal for TV and smartphones is to turn a profit, even if sales slide as much as 30 percent.
Steel Dynamics Sees Significant Growth in Short Interest
2014-11-12 09:33:19| Steel - Topix.net
Steel Dynamics saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 6,964,013 shares, a growth of 25.0% from the October 15th total of 5,569,543 shares, AnalystRatingsNetwork.com reports.
Tags: short
interest
significant
growth
Qualcomm sees growth slowing on China problems
2014-11-06 08:15:00| Telecompaper Headlines
(Telecompaper) Qualcomm has warned for flat to lower earnings in its new fiscal year, as revenue growth slows due its licensing problems in China. In addition to an investigation into its licensing by Chinese authorities, the company said a number of licensees were under-reporting units or not agreeing new contracts pending the state probe. Qualcomm also disclosed new competition investigations by the European Commission and US Federal Trade Commission. For the year to September 2015, Qualcomm forecast revenues flat to 9 percent higher, versus 7 percent growth last year, while EPS is estimated flat to 7 percent lower. The outlook does not include its planned takeover of CSR, which is expected to close next summer. The company did not provide an estimate for 3G/4G device shipments in 2015. For this year, it expects shipments of 1.3-1.5 billion, but only 1.04-1.13 billion will likely be reported to the company. In the latest quarter, the company recorded revenues up 7 percent year-on-year to USD 26.49 billion. Operating profit rose 4 percent to USD 7.55 billion, and EPS increased 19 percent to USD 4.65. MSM chip shipments totaled 236 million units, up 24 percent year-on-year and 5 percent sequentially.
Tags: china
problems
growth
sees
Indigo narrows Q2 loss to $8.5M, sees growth in revenues on specialty products
2014-11-05 00:27:35| Industrial Machines - Topix.net
Indigo Books and Music Inc. narrowed its loss to $8.5 million in its latest quarter, boosted by higher revenues and improved margins. The country's largest book, gift and specialty toy retailer said the loss amounted to 33 cents per diluted share, compared with a loss of $10.1 million, or 39 cents, in the same period a year earlier.
Tags: products
loss
growth
specialty
Cal-Maine Foods Sees Significant Growth in Short Interest
2014-11-04 10:09:17| Food - Topix.net
Cal-Maine Foods was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 809,743 shares, a growth of 42.6% from the September 30th total of 568,030 shares, American Banking News.com reports.
Tags: short
interest
significant
growth
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