Recent Articles
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Notebook Shipments Drop Hit Dell, Lenovo Harder
Dell and Lenovo may be experiencing slowing notebook sales if recent supply chain checks are any indication. A report from FBR Research, based on its checks of the Taiwanese PC supply chain, showed that notebook shipments to Dell and Lenovo were lower than expected while Hewlett-Packard and Acer saw higher-than-expected notebook shipments. FBR Research says…
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Circuit City Files for Bankruptcy
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…
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GPS Helps Solution Providers Navigate Rough Economy
Solution providers trying to find their way through today’s rough economy might want to give GPS technology a shot. Either embedded into automobile dashboards or as portable devices, GPS screens have become a commonplace tool for drivers who once relied on maps and their sense of direction to get to their destination. Becoming even more…
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Tech Companies Struggling to Survive
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…
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Nortel Posts Huge Loss, Sets Further Cost Cuts
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,…