Recent Articles
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Panasonic Captures Sanyo to Create Electronics Giant
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…
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Google Chief Says No to Obama Tech Czar Post
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,"…
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Lenovo Sees up to $100M in Restructuring Costs
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…
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Nvidia Results Top Street Estimate
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,…
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Top China PC Maker Lenovo’s Q2 Plunges 78%
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…