Channel Insider Staff

  NEW YORK (Reuters) – Gadget geeks, used to booking hotel rooms way in advance for the annual Las Vegas Consumer Electronics Show, may be one-upped by lazier peers this January. With just two months to go before the January 8-11 show, hotel rooms on the Strip are usually sold out by now. But this […]

  TOKYO (Reuters) – Panasonic Corp said it would acquire smaller rival Sanyo Electric Co, creating Japan’s top electronics maker and foreshadowing further consolidation in an industry hit by slowing consumer demand. The acquisition, which one analyst estimated could cost about $8.8 billion, would fortify Panasonic’s competitiveness in rechargeable batteries and solar power equipment as […]

  SYDNEY (Reuters) – Microsoft Corp Chief Executive Steve Ballmer dismissed speculation the software giant might still be interested in buying Yahoo Inc, sending shares of the Internet company down 14 percent.   "We made an offer, we made another offer … We moved on," Ballmer told a business luncheon in Sydney on Friday, when […]

 Microsoft Corp, capitalizing on Google Inc’s regulatory snarl, is working to steal a deal with Verizon Wireless away from its rival, the Wall Street Journal said.   Microsoft has got the mobile carrier’s attention by offering a sweeter deal to put its search service and related advertising on Verizon phones, the paper said.   Microsoft is […]

WASHINGTON (Reuters) – The unemployment rate shot to a 14-1/2 year high last month as employers slashed jobs by an unexpectedly steep 240,000, suggesting President-elect Barack Obama will face a deep recession when he takes office. The Labor Department said on Friday the jobless rate rose a steep four-tenths of a percent to 6.5 percent […]

  SAN FRANCISCO, Nov 7 (Reuters) – Google Inc (GOOG.O: Quote, Profile, Research, Stock Buzz) Chief Executive Eric Schmidt said Friday he would not serve as technology czar in Barack Obama’s administration if he was asked.   "I love working at Google and I’m very happy to stay at Google, so the answer is no," […]

HONG KONG, Nov 7 (Reuters) – Lenovo (0992.HK) expects to book another $75 million to $100 million restructuring charge "going forward", its top executives said on Friday, as the world’s fourth-largest PC maker struggles to reduce costs in a difficult market. Executives on a conference call did not put a timeframe on that expense, but […]

SAN FRANCISCO, Nov 6 (Reuters) – Graphics chipmaker Nvidia Corp (NVDA) reported quarterly results on Thursday that topped Wall Street’s estimate, as the company held the line on expenses while sales fell, and shares surged 12 percent. Nvidia said its fiscal third-quarter net earnings for the quarter ended Oct. 26 came in at $61.7 million, […]

By Joseph Chaney HONG KONG (Reuters) – China’s Lenovo Group Ltd (0992.HK), the world’ No. 4 PC maker, posted a 78 percent plunge in quarterly earnings on slower shipments and lower margins, as the global financial crisis crimps appetite for technology products. But analysts say China’s top computer maker, which competes with Hewlett-Packard (HPQ), Dell […]

SAN FRANCISCO (Reuters) – Advanced Micro Devices (AMD), one of the world’s two makers of microprocessors for personal computers, said it had cut 500 people from its staff of 15,500, effective Wednesday, as part of a move to cut costs. A spokesman declined to give any details about where the cuts had been made. They […]

NEW YORK (Reuters) – Cisco Systems Inc (CSCO) Chief Executive John Chambers said it was a good time to acquire small companies, although an uncertain economy meant it was important to maintain a strong cash position. "Cash is king and queen and the royal family," he told Reuters in an interview on Wednesday, but added […]

By Ritsuko Ando NEW YORK (Reuters) – Cisco Systems Inc (CSCO) Chief Executive John Chambers warned that revenue could fall as much as 10 percent in the current quarter as an economic downturn spreads from the United States to Europe and Asia. The company’s shares fell 6 percent after Chambers’s cautious outlook for the impact […]