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Matsushita to sell stake in Universal to Vivendi
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Reuters - Japanese electronics maker Matsushita Electric Industrial Co. Ltd. (6752.T) said on Thursday it would sell its 7.66 percent stake in Universal Studios Holding to Vivendi Universal for an undisclosed sum.
Electronics News
Google stock plunge may warm it to disclose more
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Reuters - A plunge in Google Inc.'s stock may have forced the company to shed a bit of its aloofness toward Wall Street, some analysts said Wednesday.
Electronics News
Google slide still not key trade for short-sellers
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Reuters - The sell-off in Google Inc. shares on Wednesday has yet to catch the attention of some of Wall Street's most bearish and aggressive traders, the short-sellers.
Electronics News
Stock futures inch up on Advanced Micro profit
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Reuters - U.S. stock futures were flat to up slightly on Thursday, a day after earnings from microchip maker Advanced Micro Devices Inc. lifted sentiment about corporate earnings.
Electronics News
Seagate net up on consumer electronics
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Reuters - Seagate Technology , the biggest U.S. hard-disk drive maker, on Wednesday said quarterly profit nearly doubled amid growing demand for notebook computers and consumer electronics and raised its earnings outlook for 2006.
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Electronics News Wal-Mart Hires Roehm for Marketing Post
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AP - Wal-Mart Stores Inc. said Wednesday it has hired an auto-industry veteran to help drive shoppers from the retailer's grocery and sundries aisles into the fashions and electronics departments.
Sources: YAHOO
Electronics News Seagate net up on consumer electronics
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Reuters - Seagate Technology , the biggest U.S. hard-disk drive maker, on Wednesday said quarterly profit climbed amid growing demand for consumer electronics and notebook computers.
Sources: YAHOO
Electronics News RadioShack Stock Up on Analyst Upgrade
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AP - RadioShack Corp. stock rose Friday after Prudential analyst Mark Rowen upgraded his rating on the stock to "overweight" from "neutral," saying that 2006 could be the year when the consumer electronics retailer "gets its groove back."
Sources: YAHOO
Electronics News Samsung Elec Q4 profit rises on chips, flat screens
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Reuters - Samsung Electronics Co. Ltd. (005930.KS) posted a 40 percent rise in quarterly profits on Friday, marking its first growth in five quarters, on soaring demand for flat screens and chips used in mobile phones and MP3 players.
Sources: YAHOO
Electronics News RadioShack Confirms 2005 Profit Shortfall
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AP - The electronics retailer RadioShack Corp. on Thursday reaffirmed its 2005 earnings will miss its goal even as it reported total sales rose 5 percent in the fourth quarter, including 4 percent growth at stores open at least one year.
Sources: YAHOO
Electronics News RadioShack posts higher sales, warns on earnings
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Reuters - Consumer electronics retailer RadioShack Corp. on Thursday said fourth-quarter sales at stores open at least a year rose 4 percent, but 2005 earnings would miss its goal.
Sources: YAHOO
Electronics News Best Buy Shuffles Top Management
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AP - Best Buy Co. Inc. named Brian Dunn as president and chief operating officer on Wednesday, and named a chief executive for the expanding international operation of the nation's largest consumer electronics retailer.
Sources: YAHOO
Electronics News Best Buy Shuffles Top Management
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AP - Best Buy Co. Inc. named Brian Dunn as president and chief operating officer on Wednesday, and named a chief executive for the expanding international operation of the nation's largest consumer electronics retailer.
Sources: YAHOO
Electronics News Chips, flat screens to drive up Samsung Elec profit
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Reuters - Samsung Electronics Co. Ltd. (005930.KS) is set to report on Friday its fourth-quarter profit rose by about a fifth, driven by soaring demand for NAND flash chips and flat screen panels for large televisions.
Sources: YAHOO
Electronics News Dell cuts estimate for fiscal 2007 options expense
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Reuters - Computer maker Dell Inc. on Friday cut its estimate of what it will cost the company to expense options awarded as employee compensation in fiscal year 2007 by 8 cents a share.
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Electronics News Best Buy Dec. Sales Rise on Late Shoppers
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AP - Best Buy Co. Inc., the nation's largest consumer electronics retailer, said Friday that late-shopping customers and higher average purchases boosted December sales by 12 percent overall, and it said fourth quarter earnings would be near the top of its earlier guidance.
Sources: YAHOO
Electronics News Bill Gates stake in Berkshire nears $400 million
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Reuters - Microsoft Corp. Chairman Bill Gates paid $6.2 million for an additional 70 shares of Warren Buffett's Berkshire Hathaway Inc. (BRKa.N) (BRKb.N), increasing his stake in the company to nearly $400 million.
Sources: YAHOO
Electronics News Portable media, connected devices dominate CES
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Reuters - Portable digital media and myriad devices connected to the Internet dominated the biggest U.S. technology trade show on Thursday, underscoring how entertainment has broken free of the living room.
Sources: YAHOO
Electronics News Gates takes wraps off Windows Vista
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Reuters - Microsoft Corp. Chairman Bill Gates took the wraps off its next-generation operating system known as Windows Vista on Wednesday, displaying features aimed at positioning the software giant as the entertainment hub for a future of digitally connected homes.
Sources: YAHOO
Electronics News Samsung sees '06 North American revenue of $20 bln
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Reuters - South Korea's Samsung Electronics (005930.KS) said on Wednesday it expects North American revenue in 2006 of $20 billion or more due to demand for digital electronics.
Sources: YAHOO
Electronics News Year-end spending spree augurs well for Japanese economy
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AFP - A year-end spending splurge by Japanese consumers on flat-panel televisions, overseas holidays and other luxuries is helping to underpin an upbeat outlook for the world's number two economy.
Sources: YAHOO
Electronics News Holiday clothing sales may prove to be disappointing
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Reuters - A dearth of must-have fashions and stronger demand for electronics may have trimmed holiday apparel sales, likely disappointing retailers who hoped to cash in on the traditional year-end bounce, analysts said Tuesday.
Sources: YAHOO
Electronics News Samsung in talks to sell flash chips to Sony: report
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Reuters - South Korea's Samsung Electronics Co. Ltd. (005930.KS) is in talks to sell a large volume of NAND flash chips to Japanese electronics maker Sony Corp. (6758.T), with a deal likely early next year, a newspaper reported on Monday.
Sources: YAHOO
Electronics News Best Buy Acquires Kitchen and Bath Chain
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AP - Electronics retailer Best Buy. Co. Inc. said it is buying a California kitchen and bath retailer for $410 million.
Sources: YAHOO
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