The Wall Street Journal reports that Sharp has forecast a deeper
Monday, 5 October 2009
The Wall Street Journal reports that Sharp has forecast a deeper t loss for the fiscal year ended 31 March and said it would cut 1,500 temporary jobs. The company attributed the growing losses to restructuring costs and an additional securities valuation loss. The Japanese electronics maker now expects a group net loss of JPY130 billion (USD1.3 billion) for the past fiscal year, worse than the JPY100 billion loss it forecast in February. The full-year net loss would be its first since 1950, and in steep contrast to the net profit of JPY101.92 billion it posted the previous year.
The paper also reports that Nokia Siemens Networks has offered to buy large parts of Nortel Networks, including much of its profitable mobile networks unit and a research unit that develops next-generation wireless technology, according to sources. The move would give Nokia Siemens a bigger foothold in the US market. According to the sources, Nokia Siemens made an unsolicited offer last month for large chunks of Nortel's carrier networks group, including the CDMA group that produced most of Nortel's operating profit before the company entered bankruptcy-law proceedings in January.
According to the Financial Times, Google chief Eric Schmidt has said that better use of technology could help newspapers find a more profitable business model online. Schmidt told publishers that trusted brands' professional reporting would rise above the "sewer" of online content. The comments mark Google's latest attempt to reassure news organisations that it can help them online, rather than contribute to the collapse of advertising revenues. Schmidt said news organisations should distribute some information freely, charge subscriptions for more specialist material, and develop better micropayment systems to charge a few cents for individual articles.
Monday, 5 October 2009
