According to several media reports, Nokia (NOK) says it will cut several hundred employees and temporarily lay off 2,500. Nokia blames the move on the declining market for handsets around the world.
Motorola (MOT) shipped only 19.2 million handsets in the last quarter. At its peak, when its RAZR was flying off the shelves, the number was over 50 million. That, in a nutshell…
Over the last two years, in the PC business Michael Dell has been beaten like a rented mule. His company continues to lose market share particularly in the US. Industry analysts would…
Short sellers placed large bets against the stock of tech companies for the period ending on January 15, taking a series of positions to gamble that firms like Microsoft (MSFT) and Cisco…
These are some of the top upgrades and positive research calls we have seen from Wall Street analysts this Friday morning: BB&T (BBT) Raised to Market Perform at KBW. Expeditors International (EXPD)…
These are some of the top downgrades and negative research calls we have seen from Wall Street analysts this Friday morning: AbitibiBowater (ABH) Cut to Underperform at Raymond James. Amcore Financial (AMFI)…
According to Reuters, Samsung had its first ever quarterly loss. Reuters reports that Pfizer (PFE) is in takeover talks with Wyeth (WYE), a deal that would be worth $60 billion. Reuters reports…
Nokia (NOK) turned in a bad quarter. Net profit in the fourth quarter dropped to 576 million euros ($751 million), or 0.15 euro a share, from 1.84 billion euros, or 0.47 euro…
Sociologist and business consultant Watts Wacker has pointed out that the most successful enterprises in the world are created by people who are willing to be a zebra in a field of…
According to Reuters, cities and states are facing shortfalls and potential defaults. Reuters reports that the US steel industry is starting a "buy America" campaign. Reuters reports that Fannie Mae (FNM) believes…
These are some of the top pre-market analyst downgrades or cautious calls seen from Wall Street early this Thursday morning with more than two hours to the open: Apple (NASDAQ: AAPL) Started…
According to Reuters, car company executives went before Congress and pleaded for billions of dollars. Reuters reports that governments are bracing for a long crisis ahead. Reuters reports that Paulson says the…
Nokia (NOK) can’t keep up with the falling demand for cellular handsets. It cuts its forecasts for Q4 and 2009 again. That is probably not good new for Motorola (MOT), Samsung, RIM…
PCs. cell phone, and video games. Winners every year. Rock solid growth driving remarkable industry earnings. Nokia (NOK), RIM (RIMM), and PALM (PALM) have destroyed the hope that 2009 will be a…
RIM (RIMM) warned it would not make its numbers for the current quarter. Some of that is due to the value of the dollar. The balance is because a weak economy is…
