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Tag: fall
Surprise fall in UK manufacturing
2014-07-08 12:28:09| BBC News | Business | UK Edition
Manufacturing output in the UK fell by 1.3% in May, official figures show, much weaker than expected and the biggest decline since January 2013.
Tags: fall
manufacturing
surprise
surprise fall
Samsung Q2 sales fall short of expectations
2014-07-08 08:50:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics reported revenues down to KRW 52 trillion for the second quarter, from KRW 54 trillion a year ago, hurt by a slowdown in demand for smartphones and tablets and the stronger won. Operating profit dropped 24 percent from a year earlier to KRW 7.2 trillion, according to the preliminary figures. Samsung said it stepped up marketing in order clear excess inventory in sales channels ahead of planned new product launches in the third quarter. Inventory was especially high for mid-range and low-end devices, due to increased competition in China and Europe, the company said. The Chinese market was also hurt by weak seasonal demand and reduced 3G demand ahead of the expected expansion of LTE during the second half of the year. Tablet shipments were also less than expected, with Samsung noting the lack of carrier subsidies for the devices meant a slower replacement cycle. The demand for 5-6 inch smartphones also cannibalized demand for 7-8 inch tablets, the company said. The weak demand for smartphones also affected Samsung's System LSI and display businesses, which provide components for the mobile devices. Samsung said it expects smartphone shipments to pick up in Q3, helped by new product launches. This should also increase display panel shipments, and the memory division should benefit from more favorable seasonal conditions.
Tags: short
sales
fall
samsung
Wzor predicts demise of Windows 8, Windows 9 to arrive in the fall
2014-07-07 13:48:02| InfoWorld: Top News
My favorite Russian prognosticator, Wzor, just posted a lengthy discourse on the
Diesel Books to close in Malibu by fall
2014-07-07 09:24:12| Electronics - Topix.net
John Evans, one of the owners of the Diesel bookstores, told the Malibu Times that the Malibu store will soon close for good - the rent is too high and the foot traffic too low in its new spot in the Malibu Country Mart.
PG&E: Gunfire caused power line to fall, electrocuting Oakland man and injuring brother
2014-07-06 07:09:31| Energy - Topix.net
Gunfire sent a 12,000-volt power line and portions of a conductor tumbling to the street late Friday, killing a 19-year-old man and critically injuring his half brother who tried to help him, officials said.
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