Tag Archives: FY2011

Toshiba made $898.8 million profit, could manage to lend you twenty bucks

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Toshiba isn't going with the flow this financial season, bucking the trend and posting a healthy (albeit reduced) net profit of 73.7 billion yen ($898.8 million). Whilst down from $1.7 billion in 2010, the company points to the European debt crisis, Japanese Earthquake and high oil prices as the barriers to further success. Unlike its local rivals, Tosh branched out early into "social infrastructure," building everything from radiation detectors, power plants and LED light bulbs -- businesses that made a stack of cash while its computer and TV businesses slumped. Unencumbered by these crises in the future, the company is projecting to make $1.68 billion across the next 12 months -- at which point it might treat itself to a spa day, or something.

Continue reading Toshiba made $898.8 million profit, could manage to lend you twenty bucks

Toshiba made $898.8 million profit, could manage to lend you twenty bucks originally appeared on Engadget on Tue, 08 May 2012 05:21:00 EDT. Please see our terms for use of feeds.

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Sharp posts $1.4 billion extraordinary loss, refocuses on mobile displays

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Sharp posts $1.4 billion extraordinary loss for 2011 - 2012, sees writing on wall in high definitionSharp has reported an extraordinary loss of 117.1 billion yen ($1.4 billion) for the financial year ending March 2012. The company has cited restructuring costs and inventory losses as the causes for the write-down, but also projected that its TV business would lose a further 18.7 percent of its projected sales in the current year. The company has decided to convert some of its big-screen LCD production lines into mobile LCDs as it tries to reassert its dwindling display business. It's yet more bad news after the company sold part of its LCD manufacturing business to Hon Hai, Sony withdrew from a joint venture and refused to deal with Sharp in the future, plus an 86 percent collapse in profits.

Continue reading Sharp posts $1.4 billion extraordinary loss, refocuses on mobile displays

Sharp posts $1.4 billion extraordinary loss, refocuses on mobile displays originally appeared on Engadget on Fri, 27 Apr 2012 04:20:00 EDT. Please see our terms for use of feeds.

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Logitech president celebrates end-of-year earnings with management cull

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Logitech president celebrates end-of-year earnings with management cull

Logitech's Q4 and full-year report makes for uncomfortable reading. Despite profits increasing by a factor of nine in the last quarter of the year, overall annual profit fell 44 percent from $143 million to $71 million. The company has already parachuted in former Whirlpool exec. Bracken P. Darrel to turn things around and recover the losses made when the company went big on Google TV. His first action has been to kick-start a restructuring operation that will save $80 million in costs, starting by cutting a whole management layer -- demoting current product VP Junien Labrousse and firing sales VP Werner Heid. Mr. Darrell is now working directly with his team on a new lineup of "stronger" products to be unveiled later this quarter, with an emphasis on Windows 8 peripherals and LifeSize video conferencing gear.

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Continue reading Logitech president celebrates end-of-year earnings with management cull

Logitech president celebrates end-of-year earnings with management cull originally appeared on Engadget on Thu, 26 Apr 2012 18:26:00 EDT. Please see our terms for use of feeds.

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