AOL ad revenue plummets in Q1
AOL's ad revenue fell 20 percent in the first quarter year-on-year, another troubling sign that its transformation into an advertising-supported business is off track.
AOL's ad revenue fell 20 percent in the first quarter year-on-year, another troubling sign that its transformation into an advertising-supported business is off track.
SAP reported first quarter net income down 16 percent year on year, and revenue down 3 percent, as customers remain reluctant to spend on new software.
Sharp, one of the world's largest manufacturers of LCD panels for televisions and computers, reported a big drop in sales and a net loss for the year just ended with sales forecast to drop even more in the current year.
Samsung Electronics reported better first quarter earnings than analysts expected on Friday, led by its mobile phone division, but remained cautious about business going forward due to the global recession.
Hynix Semiconductor on Friday reported its sixth straight quarterly loss in the first quarter.
Advanced Micro Devices on Tuesday reported a wider loss for the quarter compared to last year as it tries to recover from the recession.
Yahoo's profit and revenue fell sharply in the first quarter, ended March 31, 2009, as the beleaguered Internet company added a softening online ad market to its list of woes.
Intel on Tuesday reported a sharp drop in revenue and profit for the first quarter, but the company's CEO said the PC industry is showing signs of recovery.
Nortel Networks Monday reported a loss of US$2.1 billion for the fourth quarter on sales of US$2.72 billion, which were down 15 percent over the year earlier period.
The worsening economy hit Apple hard last month as the company's US retail sales fell 6 percent compared to January 2008, research company NPD Group said Wednesday.
Lenovo Group President and CEO William Amelio resigned Wednesday, after the company posted a US$97 million loss amid a sharp drop in sales during the last quarter of 2008.
Losses at Alcatel-Lucent widened for the fourth quarter of 2008 as the economic outlook forced the company to write down the value of more assets.
Juniper posted a 14% hike in fourth-quarter sales that nonetheless fell short of Wall Street expectations.
Nintendo saw improved sales of its Wii and DS gaming devices during the last three months of 2008, but revised down its sales and profits forecasts due to the stronger Japanese yen.
Sony's sales during the last three months of 2008 dropped by 25 percent due to the slowing world economy and strengthening Japanese yen, but the company still managed to keep its head above water thanks to an exceptional gain from foreign exchange.