More Electronics Firms Announcing Weak Results
from the rolling-on dept
On Monday, chip maker AMD gave a dire earnings warning amidst a slump in chip sales and a price war with rival Intel. That news was followed up the next day by a warning from hard drive maker Seagate that its earnings would disappoint as well, again due to weak volume and poor pricing power. Today, Samsung, one of the world's largest and most diversified electronics companies, released earnings that were sharply down from last year due to pricing slump. There were a few bright spots for the company, as sales of high definition TVs managed to hold up, while handset volume hit a new quarterly record. Still, it's clear that the company is not firing on all cylinders as it had been over the last few years. Commenting on the report, analysts noted that the company failed to cut costs to make up for weakening sales, which suggests that the downturn may have come a lot faster than the company was anticipating. The same could probably be said about AMD and Seagate. Meanwhile, other recent high flyers such as Research in Motion also spooked investors with word of weak results. It may be too early to jump to conclusions about the broader tech sector, but it would be a mistake to dismiss all of these as isolated cases and ignore them.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
Reader Comments
Subscribe: RSS
View by: Time | Thread
Don't worry
Nevermind.
[ link to this | view in chronology ]
Gonna Get Worse!
I think they'd better get used to issuing "dire earnings warnings".
I, for one, will never purchase or install an AMD chip again, CPU or video.
[ link to this | view in chronology ]
Re: Gonna Get Worse!
[ link to this | view in chronology ]
Up 'n downs
[ link to this | view in chronology ]
[ link to this | view in chronology ]
Vista Curse ...
[ link to this | view in chronology ]