Channel Insider Staff

By Gabriel Madway SAN FRANCISCO, Nov 11 (Reuters) – The Flip camcorder, whose pint-sized frame, no frills approach and small price tag made it a huge hit with consumers, is stepping up to the more rarefied world of high-definition. The new Flip Mino HD is being released on Wednesday by Pure Digital Inc. The company […]

CHICAGO (Reuters) – Best Buy Co Inc, the No. 1 U.S. electronics chain, slashed its fiscal 2009 profit forecast on Wednesday, driven by weak consumer spending heading into the crucial holiday selling season. Best Buy’s announcement comes just two days after smaller electronics retail rival Circuit City Stores Inc filed for Chapter 11 bankruptcy protection. […]

NEW YORK (Reuters) – Chip giant Intel Corp cut its fourth-quarter revenue forecast by about 14 percent citing weak demand across the world and in all its products, indicating the economic crisis is set to hurt computer sales in the holiday season and beyond. The shock warning hammered tech shares, which had already tumbled earlier […]

NEW YORK (Reuters) – Cisco Systems launched a new edge router aimed at improving Web speeds as more consumers download movies online and access the Internet with mobile phones.    The network equipment maker, which forecasts Internet traffic to nearly double every two years through 2012, said the ASR 9000 edge router would provide six […]

BOSTON, Nov 11 (Reuters) – Business software maker SAP AG (SAPG.DE: Quote, Profile, Research, Stock Buzz) has hired an executive who used to run one of archrival Oracle Corp’s (ORCL.O: Quote, Profile, Research, Stock Buzz) biggest development groups, putting him in charge of an emerging business at SAP. SAP, the world’s top maker of business […]

NEW YORK, Nov 11 (Reuters) – Cisco Systems Inc (CSCO) Chief Executive John Chambers said the company will launch a consumer version of its high-definition video conferencing system in around a year, showing he was upbeat about new products despite a weak economy. "What you’re going to see is, over the next 12 to 15 […]

SEATTLE (Reuters) – Microsoft Corp said on Monday that it reached a Web search deal with Sun Microsystems Inc, the latest partnership struck by Microsoft aimed at chipping away at the dominance of Google Inc.    As part of this agreement, users of Microsoft’s Internet Explorer browser who download Sun’s Java technology platform will be […]

NEW YORK (Reuters) – Circuit City Stores Inc, the No. 2 U.S. consumer electronics retailer, filed for bankruptcy protection on Monday just a few weeks before the start of the key holiday shopping season, becoming the largest retailer to file under Chapter 11 this year. Circuit City fell victim to tighter credit terms from vendors […]

By Caroline Humer and Anupreeta Das – Analysis   NEW YORK/SAN FRANCISCO (Reuters) – Technology companies may be the next group swept up in a restructuring wave that began on Wall Street.   Purchases of computer hardware, software and services have already been affected by the global credit crisis that has slowed lending, and a […]

By Wojtek Dabrowski TORONTO (Reuters) – Nortel Networks Corp reported a $3.4 billion quarterly loss on Monday and announced a round of sweeping new cost cuts, including 1,300 layoffs, as a global economic downturn erodes its business and strains its balance sheet. The economic downturn also forced Nortel, North America’s biggest maker of telephone gear, […]

Even for a closet nerd like me, the amount of economic-related data we have been fed over the last few months has been overwhelming. The fact that 95 percent of it is depressing doesn’t help either. That’s why I was tickled to come across this factoid: “According to the US Bureau of Labor Statistics, through […]

  SAN FRANCISCO, Nov 5 (Reuters) – A U.S. District Court judge in New York ordered a newly hired Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz) executive to stop work immediately because he might be violating an agreement with his former employer, IBM (IBM.N: Quote, Profile, Research, Stock Buzz).   Federal District Judge Kenneth […]