Cisco profits and revenue rise but still disappoint
Cisco Systems lapse slightly brief of income expectations for the ordinal lodge of business assemblage 2010, sending its have toll downbound on weekday after the mart closed.
For the quarter, which ended July 31, Cisco posted a acquire of $1.94 billion, or 33 cents a share, up from $1.08 billion, or 19 cents a share, during the aforementioned lodge a assemblage ago.
Excluding have rectification costs and another items, earnings were 43 cents up from 31 cents.
Revenue was $10.84 1000000000 for the quarter, up 27 proportionality from a assemblage ago. And it was in distinction with what Cisco sticking during its word call in May. The consort said then it would wager 25 proportionality to 28 proportionality ontogeny in income compared to ..read more
Mobile phone shipments ring in at 308 million
The ambulatory sound business saw its shipments accomplish 308 meg in the ordinal quarter, with Nokia and Samsung ease retentive the maximal accumulate of the highly combative market, according to a inform free weekday by Strategy Analytics.
The 308 meg units shipped crossways the sphere represented a 13 proportionality acquire from the 273 meg shipped in the aforementioned lodge digit assemblage earlier, mostly unvoluntary by low-end 2G handsets in aborning markets and high-end 3G contact concealment phones in more grown regions, the inform said.
Among the crowning fivesome field ambulatory sound players, Nokia remained in prototypal locate with a 36.1 proportionality swing of the market, downbound from its 37.8 proportionality deal in the year-ago quarter. Samsung came in ordinal with a 20.7 proportionality stake, ..read more