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Source: http://www.monroetalks.com/events/events/index.php?com=detail&eID=37687
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Sunday, January 8, 2012
HTC net lags forecast amid tough competition (Reuters)
TAIPEI (Reuters) ? Taiwanese smartphone maker HTC Corp recorded a worse-than-expected yearly profit decline in the fourth quarter, and the first decline in two years, as its models scrambled to compete with Apple Inc's iPhone and Samsung's Galaxy range.
The erstwhile investor darling shocked markets in November by slashing its fourth-quarter revenue guidance, sending its shares down 28 percent in two weeks and 15 percent to date.
Investor concerns linger over whether HTC still has the innovative streak that catapulted it from an obscure contract maker to a top brand.
Samsung Electronics, the world's top maker of memory chips and smartphones, on the other hand reported a record quarterly profit on Friday, aided by one-off gains and best-ever sales of high-end handsets.
HTC's net profit in October-December was down 25.5 percent to T$11.02 billion ($364.26 million), compared with T$14.80 billion a year earlier and T$18.68 billion in the previous quarter, it said on Friday.
Eighteen analysts have forecast a profit of T$13.33 billion for the world's No.4 smartphone maker, according to a poll by Thomson Reuters I/B/E/S.
Consolidated sales for December were T$26.36 billion, down 20.3 percent from the same month a year earlier.
Net profit for the full year of 2011 was however up 57 percent from 2010 to T$62.05 billion. It did not give any details in a brief statement.
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Graphic on HTC earnings: http://link.reuters.com/zym85s
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"December revenue was definitely lower than street expectations; I expect Q1 net profit will continue to fall year-on-year," said KGI securities analyst Richard Ko, citing news that HTC's new models will not start shipments until the second quarter and contribute to revenue.
The company has said it will unveil new models in February that will be better and more competitive, and will include new phones for the high speed LTE (Long Term Evolution) standard in the U.S. market.
JP Morgan upgraded HTC earlier this week to "overweight," while mildly cutting its target price by 1.4 percent to T$680, citing new models expected to showcase next month at the Mobile World Congress that may give the Taiwanese company an opportunity to win back some lost ground.
On Friday ahead of the results announcement, HTC shares closed down 0.72 percent at T$482.
HTC had a fairytale ride in 2010 and early 2011, when its shares more than tripled in the 14 months to April 2011 and sales grew four-fold in 1- years as consumers snapped up its innovative phones with their distinctive large clock numerals.
But an equally rapid fall from grace saw its stock become the worst performer among global smartphone companies last year, down 42 percent, after Blackberry maker Research in Motion Ltd.
Squeezed of late between Apple's huge offering of apps for the iPhone and Samsung's big marketing budget that gives its Galaxy models extra clout, HTC's Desire, Sensation and Wildfire models have struggled to maintain the momentum.
(Editing by Alex Richardson and Chris Lewis)
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Video: Can anyone stop Romney?
Dogs really do know what you're thinking
Scientists have finally proven what every dog owner knows ? our canine friends read our facial expressions like dedicated detectives. Dogs don?t just depend on verbal commands, they look deeply into our eyes and try to guess what we?re up to, according to a new study.
Source: http://www.msnbc.msn.com/id/3036697/vp/45891509#45891509
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2012 NFL Playoff Schedule: TV Time, Radio, Odds And More
The 2012 NFL playoffs are underway and one-half of the Wild Card round is already in the books. Two games will take place on Sunday, January 8 to determine which are the final two teams to advance to the next round.
First up is the early game pitting the Atlanta Falcons against the hometown New York Giants.
Time: Kickoff is scheduled for 10:00 AM PST in East Rutherford.
TV: The game will be televised nationally on FOX.
Radio: The broadcast will be carried on ESPN radio, or on Sirius 86.
Betting Line: The Giants are currently favored by 3 points, according to our friends over at OddsShark.
Next up, the Pittsburgh Steelers will visit the AFC West champion Denver Broncos.
Time: The game will kick off at 1:30 PM PST at Mile High Stadium in Denver.
TV: CBS will handle the national broadcast for the game.
Radio: This game can also be found on ESPN radio, or on Sirius 86.
Betting Line: The Steelers are the heavy favorite, predicted to win by 9 points.
You can find all news and information on the Atlanta Falcons by visiting The Falcoholic. For New York Giants news, please check out Big Blue View. The SB Nation home for the Pittsburgh Steelers is Behind the Steel Curtain. The Denver Broncos perspective can be obtained at Mile High Report.
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Four executives leaving in Sprint reorganization
LOS ANGELES (AP) ? Four executives are leaving Sprint Nextel Corp. in a reorganization that will combine the sales and marketing functions for both its consumer and business units.
Spokesman Scott Sloat confirmed the move, which was laid out in a memo sent by Sprint CEO Dan Hesse on Friday.
The news was reported earlier by Reuters.
Sprint is in the midst of a costly upgrade to put its phones on a "4G" network, and Hesse expressed the need to become more efficient in the memo.
Sprint shares fell 5 cents, or 2.2 percent, to close at $2.19 on Friday.
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PlayStation Boss Kaz Hirai to Become Sony?s President ? Report
The former president of Sony Computer Entertainment, Kaz Hirai, may soon be taking on the role of president once again, only this time it will be for the entirety of Sony.
According to Japanese publication Nikkei (as reported by Mashable) Hirai will soon be promoted to the role of president of Sony Corporation, a position he may assume as soon as this April. Current president Howard Stringer would vacate the role but continue on as CEO and chairman.
PS2 Game News, Previews and Reviews from 1UP
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Slipstream: The Human Anatomy, Animated With 3-D Technology
[unable to retrieve full-text content]A 3-D virtual body, now used by medical students in anatomy studies, represents an unusual collaboration between industry and academia.
Source: http://feeds.nytimes.com/click.phdo?i=99329da4caab8e1f0700be521407232e
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