ELECTRONICS

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Best Buy's profit misses by penny; outlook raised

Best Buy Co's quarterly profit missed estimates on Tuesday as sales of lower-margin products like notebook computers and promotional efforts to woo shoppers ate into the top U.S. consumer electronics chain's margins.

Daily Wrap Up - September 14 Tech

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Apple over the weekend lopped $100 off the 160-GB model of the Apple TV and discontinued the 40-GB version of the home media player.

NEC to take over Casio, Hitachi mobile phone

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Japan's NEC Corp will take over the cellphone operations at Casio Computer Co and Hitachi Ltd as the struggling sector bands together to cut costs and survive a fast-shrinking market.
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HIG Capital says it could buy Molex France

The French arm of U.S. electronics group Molex which has been the subject of violent protests from workers afraid they might lose their jobs, could be acquired by investment firm HIG Capital.
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Verizon ready to oppose Nortel enterprise sale

Verizon Communications says it is ready to oppose the sale of the enterprise business unit of Canadian telecom-equipment maker Nortel Networks' to Avaya Inc for $475 million, citing public safety and security concerns.
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Polo's Rugby launches iPhone app for custom shirts

Polo Ralph Lauren Corp, the fashion company behind the Polo and Club Monaco brands, said on Thursday its smaller Rugby brand was launching an iPhone application that lets users design their own shirts.
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Daily Wrap Up - September 10 Tech

Motorola Inc unveiled on Thursday the first of many cellphones to be developed in partnership with Google, but analysts questioned if it could revive the once-dominant handset maker's fortunes.
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Motorola unveils Google phone, carrier deals

Motorola Inc unveiled on Thursday a new cellphone that uses Google software and features easier access to social networking sites like Facebook and Twitter, but some analysts said it might not be enough to turn around the company's money-losing handset business.
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Skyworks raises Q4 outlook

Cell phone chipmaker Skyworks Solutions Inc raised its fourth-quarter earnings and revenue outlook, citing an improvement in order demand due to diversification into new sectors and consolidation of its market share.
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Berlin's electronics fair pushes greener future

Red may be the official color of Berlin's IFA electronics fair but companies exhibiting there have chosen to show their green side as they prepare for new EU energy conservation legislation that will take effect in 2010.
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British mobile merger risk to Nokia Siemens

Nokia Siemens Networks, the key equipment vendor to British operations of Deutsche Telekom and France Telecom, has most to lose in the merger of the two mobile networks, analysts said Tuesday.
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Mobile merger risk to Nokia Siemens

Nokia Siemens Networks, the key equipment vendor to British operations of Deutsche Telekom and France Telecom, has most to lose in the merger of the two mobile networks, analysts said on Tuesday.
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Lenovo stakeholder to sell 292 mln shares-sources

A major shareholder in China's Lenovo , the world's No. 4 PC maker, plans to sell 292 million shares at HK$3.55-3.57 per share, according to sources with knowledge of the deal, a discount of 2.5-3 percent from Tuesday's close.
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Abu Dhabi to buy Chartered; Hynix stake up for grabs

Abu Dhabi's state-owned ATIC offered to buy Chartered Semiconductor for $1.8 billion, while major shareholders in Hynix began the sale of a $2.8 billion stake, kickstarting consolidation in a chip sector emerging from its worst ever downturn.

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