ELECTRONICS

AT&T quarterly profit and revenue fall

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AT&T Inc posted a decline in quarterly profit on Wednesday but beat Wall Street estimates as growth in wireless and video services helped offset declines in its traditional telephone business.
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AMD posts loss, CEO doubts PC market has bottomed

U.S. chip maker Advanced Micro Devices Inc on Tuesday reported a quarterly loss as it grapples with a dip in computer sales and warned it may be too early to say the technology market has hit bottom.
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LG Elec Q1 operating profit beats forecasts

LG Electronics Inc posted a 25 percent fall in quarterly operating profit on Tuesday, hurt by the global recession, but results beat expectations on resilient handset margins and improvements in its flat screen TV business.
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Toshiba shares tumble on fund-raising reports

Shares of Toshiba Corp tumbled 6 percent on Monday after media reports that it would raise $5 billion in capital to shore up a balance sheet battered by steep losses in the chip market.
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Toshiba plans to raise $5 bln in capital -paper

Japan's Toshiba Corp plans to raise about 500 billion yen ($5 billion) in capital as early as June to prop up its finances, battered by loss-making chip operations and tax credit costs, a newspaper said.
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Sony Ericsson posts heavy Q1 loss, slashes jobs

Mobile phone maker Sony Ericsson said on Friday it plans to cut one in five jobs this year in its battle to return to profit as a sluggish market brought a hefty first-quarter loss, as expected.
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Sony Ericsson says Android phone to take time

Sony Ericsson will take some time developing a phone using Google's Android operating system, its chief executive said on Friday, but declined to say when such a handset would be available.
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Nippon Steel, Toyota agree on steel price cut

Nippon Steel Corp and other steelmakers have agreed with Toyota Motor Corp to cut steel prices by more than 10 percent this business year, a newspaper said, a smaller-than-expected price cut.
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Financial sector sees data breaches soar: Verizon

There were more electronic security breaches last year than in the previous four years put together and the financial sector suffered the biggest rise in attacks from hackers looking for big stashes of consumer data, according to a report from Verizon Communications.
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Financial sector sees data breaches soar-Verizon

There were more electronic security breaches last year than in the previous four years put together and the financial sector suffered the biggest rise in attacks from hackers looking for big stashes of consumer data, according to a report from Verizon Communications.
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Verizon plans app mart for Hub Web phone

The Verizon Hub, a new kind of home phone with some Web add-ons like weather and traffic reports, will soon come with an applications market, following a trend among cellphone makers such as Apple to open up to third-party apps.
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Nokia forecast calms investors after grim loss

The world's top cell phone maker Nokia calmed jittery investors on Thursday by reaffirming its forecast for the handset market and saying visibility was improving, sending its shares higher.
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LG Display posts Q1 loss, sees prices recovering

South Korea's LG Display Co Ltd posted a second straight quarter of losses due to weak LCD prices, but forecast a pick-up in prices and shipments as the industry recovers from a steep downturn.
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LG Display posts Q1 loss, sees brighter Q2

South Korea's LG Display Co Ltd posted on Thursday a steeper-than-expected quarterly operating loss due to weak LCD panel prices, but forecast improvements in prices and shipments as the sector slowly recovers.
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Worldwide PC sales fall 7.1 percent in Q1: IDC

Global shipments of personal computers slid 7.1 percent in the first quarter, industry tracker IDC said on Wednesday, although falling prices and the increasing popularity of netbooks helped keep sales from slipping even further.
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AT&T eager to extend iPhone deal with Apple

AT&T is in negotiations with Apple to extend its exclusive deal to carry the iPhone in the U.S. from 2010 until 2011, The Wall Street Journal reported, citing people familiar with the matter.

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