John Paczkowski

Recent Posts by John Paczkowski

Sharp Expecting Sharp Loss

Japanese electronics maker Sharp Corp. hasn’t posted a quarterly loss since it began reporting earnings in 1953.

Well, there’s a first time for everything. And with the widening gyre of the recession as backdrop, the company now expects to report one. Sharp this morning revised its earnings outlook to a loss for its current fiscal year.

Back in October, the company forecast a net profit of 60 billion yen for its fiscal year ending March 31. Today it changed that forecast to a net loss of 100 billion yen.

Ugly.

Said Sharp Director Tetsuo Onishi: “The decline in LCD-TV prices was so steep that it pushed our business into the red, and was so sharp that our cost-cutting efforts couldn’t keep pace.” In hopes of catching up, Sharp plans to cut 1,500 part-time jobs and shutter some production lines at two liquid crystal display manufacturing plants in Japan.


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik