6 posts and columns on euros

Voices

SAP’s Profit Drops 36 Percent on Litigation Charges

in News on January 26, 2011 at 4:00 am PT

German business software giant SAP AG reported Wednesday a 36 percent drop in fourth-quarter net profit, hurt by litigation provisions following a court battle with rival Oracle Corp. SAP also said it plans to increase its 2010 dividend by 20 percent.

Nokia Pushes Smartphone Share Back Up to 40 Percent

in News on January 28, 2010 at 7:36 am PT

Painful as it was, Nokia’s savage cost-cutting is clearly paying off. This morning, the company posted a stronger-than-expected 65 percent rise in fourth-quarter net profit on rising handset sales–smartphone sales in particular.

U.S. Senators Tell EU to Approve Oracle-Sun Deal…Typical Americans

in News on November 25, 2009 at 6:01 am PT

With Sun Microsystems beginning to founder as it awaits European Commission clearance of its acquisition by Oracle, a group of U.S. senators is urging the European Commission to speed up its approval of the deal. In an open letter, the group essentially tells European regulators to “get on with it,” warning that further delay could result in additional layoffs at Sun.
ellisoneurovaca

Ericsson: Thanks a Lot, Sony

in News on April 30, 2009 at 5:08 am PT

Now we know why Ericsson declined to offer a specific business outlook for 2009 when it last reported earnings. This morning the company posted a 35 percent drop in first-quarter profit, its financials undermined by its Sony Ericsson joint venture and by customers postponing purchases because their local currency has collapsed.

Voices

Nokia Sees Handset Demand Stabilizing; Shares Jump

in News on April 16, 2009 at 9:08 am PT

Nokia shares are headed sharply higher this morning after the company indicated the worst may be over for the mobile phone business. For the first quarter, the company posted revenue of 9.276 billion Euros, down 26.7 percent year over year, and 26.8 percent sequentially. Revenues from the device business were down 33.4 percent year over year, and 24.2 percent from Q4.

The Mobuzz-Has-Fallen-and-It-Can't-Get Up Saga Continues!

in News on November 10, 2008 at 5:47 am PT

The Mobuzz.tv survival saga continues and the verdict is: It is down but not out…yet. Last week, the producer of free online video shows, based in Spain, has been essentially panhandling its users, asking in a series of videos for five euros each to keep it afloat until it can get more funding. Mobuzz wanted to raise 120,000 euros by this week. And while it only has gotten about one-fourth–or 33,000 euros–of the way there, despair not! Mobuzz’s Anil de Mello says it will flippity-flop on, even as it is creating some of the more compelling content on the Web of late related to its death throes.