Samsung slumps as earnings forecast weakens
BusinessTech.co.za - Jun 26th, 09:58
Shares in Samsung Electronics Co Ltd slumped 3 percent to nine-month lows on Wednesday, as investors braced for weaker-than-expected earnings from the smartphone maker for the April-to-June period.
Shinhan Investment Corp joined a number of brokerages in cutting its target price for the South Korean technology giant, forecasting smartphone shipments and earnings would be less than it had previously expected.
Samsung Electronics shares were set to fall for a sixth consecutive session. They were down 3.1 percent to 1,257,000 Korean won ($1,100) as of 11:43 p.m. ET, underperforming the wider market’s 0.2 percent drop. This was their lowest level since September 11 last year.From BusinessTech.co.za
HTC CEO wants to claw back smartphone market share
23/10/2013 - 10:30
HTC Corp’s chief executive has handed some duties to the company’s chairwoman as the smartphone maker struggles to claw back market share from Apple Inc and Samsung Electronics Co Ltd, the Financial Times reported.
Samsung offers to end patent disputes
18/10/2013 - 08:53
Samsung Electronics has offered to stop taking rivals such as Apple to court in Europe over patent disputes in order to end an antitrust investigation, European Union regulators said on Thursday.
Walmart accelerating U.S. small store growth; upping tech investments
17/10/2013 - 11:18
Bentonville, Ark. - Wal-Mart Stores detailed a number of moves, including opening smaller stores in the United States, cutting back on overseas growth and increasing its investments in technology and e-commerce, on the occasion of the company’s 20th annual investor meeting.
IBM revenue hit by emerging market sales
17/10/2013 - 11:14
IBM reported a 4 percent drop in third-quarter revenue, worse than expected by Wall Street, amid a decline in hardware and emerging markets even as it beat earnings estimates.
HP CEO promises stability in 2014
11/10/2013 - 09:21
Hewlett Packard Co Chief Executive Meg Whitman expects revenue to stabilize in 2014 with “pockets of growth” before the business accelerates again in 2015, sending the stock up as much as 9.5 percent on Wednesday.