A look at recent tech-industry earnings

Published on NewsOK Modified: July 18, 2013 at 5:21 pm •  Published: July 18, 2013
Advertisement
;

— July 18: Microsoft Corp.'s foray into the tablet computer market is proving costly, as world's largest software company books a $900 million write-down to account for the deep price cut it applied to its Surface RT tablet earlier in the week. It was a move to spur sales amid sluggish demand.

Google's second-quarter results show that the search leader is still having trouble navigating a technological transition driving more online activity on to smartphones and tablets, which fetch lower ad rates. Google's average ad rate fell by 6 percent from the same time last year. The magnitude of the declines had eased in each of the previous three quarters, raising hopes that the worse was over. Instead, things deteriorated from the 4 percent decline in ad rates posted during the first three months of the year.

Cellphone maker Nokia Corp.'s woes continue with revenues dropping 24 percent in the second quarter. Still, cost-cutting helped the Finnish company's trim its net loss to 227 million euros ($298 million), compared with a net loss of 1.41 billion euros a year earlier.

Chipmaker Advanced Micro Devices Inc. posts a loss for the second quarter, reversing a year-ago profit, as lower expenses could not make up for declining revenue in the midst of a worldwide PC slump.

Dell Inc. delays a vote on founder Michael Dell's plan to take the slumping computer maker private in a sign the board needs more time to find rally support.

Netflix's "House of Cards" makes Emmy history with a top drama series nomination, the first time that television's leading awards have recognized a program delivered online as equal in quality to the best that TV has to offer.

Verizon Wireless, the country's largest cellphone carrier, says it's joining AT&T and T-Mobile in providing an installment plan for its phones, aiming to satisfy customers who want to upgrade their devices faster or avoid paying the upfront cost of their phones. The plan, dubbed Edge, will be introduced Aug. 25, and allows the buyer to spread the full retail price of the phone, without subsidies, over 24 months. Verizon Wireless added 941,000 devices to its contract-based plans in the April-to-June period, exceeding analyst estimates and continuing a strong run.

Coming up:

— July 22: Netflix Inc.

— July 23: AT&T Inc., Apple Inc.

— July 24: Facebook Inc.

— July 25: Zynga Inc., Amazon.com Inc.

— July 26: Samsung (full report)

— July 31: Comcast Corp.

— Aug. 1: Sony Corp.

— Aug. 14: Cisco Systems Inc.

— Aug. 20: Dell Inc.

— Aug. 21: Hewlett-Packard Co.

— Sept. 27: BlackBerry Ltd.

| |

Advertisement


Trending Now



AROUND THE WEB

  1. 1
    Dave Chappelle Reveals Shockingly Buff New Look
  2. 2
    Peaches Geldof Funeral to Be Held on Easter Monday
  3. 3
    Mayor Who Fired Lesbian Police Chief Caught On Tape In Homophobic Tirade
  4. 4
    NBA commissioner wants to raise age limit to 20
  5. 5
    Dream guitars I wouldn't mind calling my own (34 Photos)
+ show more