3Com loss narrows on higher revenue from Huawei JV
303146
Communications network equipment   maker 3Com Corp. COMS.O said on Thursday its quarterly loss   narrowed as revenues increased mainly due its joint venture   with China's Huawei Technologies Co. Ltd.
208598
MARLBOROUGH, Mass. -- 3Com Corp. posted a narrower net loss in its latest quarter amid a sharp drop in operating expenses. For the fiscal first quarter ended Aug. 27, the maker of computer-networking equipment
538510
China Telecom, the country's largest fixed-line provider, sees half-year profits fall as users opt for mobile phones.
59890
Sales up, but not enough for Wall St 3Com fell short of Wall Streetâs expectations when it unveiled its third quarter results yesterday.â¦
567533
Verizon Communications Inc. VZ.N,  the largest U.S. telecommunications company, on Thursday  reported third-quarter earnings virtually unchanged from the  year before as wireless and high-speed Internet sales offset  losses from local phone lines.
437223
(InfoWorld) - Two days after it restructured operations, MotorolaÂ on Thursday reported that flagging sales of mobile devices were a factor in its second-quarter loss of $28 million, or $0.01 per share. The telecommunications device maker posted income of $1.38 million, or $0.55 cents a share, one year earlier. Revenue declined by 19 percent to $8.73 billion from $10.82 billion one year earlier. The drop was expected: Motorola issuedÂ preliminary financialsÂ last week, warning that its results would be lower than had been forecast. The company said Thursday that excluding one-time costs, it would have earned $0.02 per share. Analysts surveyed by Thomson Financial, who revised estimates lower after last week's warning, were forecasting break-even results on sales of $8.64 billion. Layoffs and other one-time charges were responsible for losses amounting to $0.04 per share. But the loss for the quarter underscores the company's beleaguered mobile device business, which has been outflanked by rivals including Apple. The pressure will continue. Motorola announced that it expects earnings in the third quarter to be equal to or slightly higher than the second quarter, and that its mobile devices unit will probably not be profitable this year. The company saw a drop in mobile device sales in Asia, a hot market where vendors are trying to get a big share of the market in fast growing economies, as North American and European markets become saturated with mobile phones. Motorola has taken steps to address its problems. The vendor announced Tuesday that it's restructuring into three business divisions: Mobile Devices, Home and Networks Mobility, and Enterprise Mobility Solutions. It also has a new chief of its mobile unit, Stu Reed. Motorola CEO Ed Zander has beenÂ under pressureÂ to resign. He attracted criticism from big-name investor Carl Icahn earlier this year, and recently has been attacked by activist shareholder Eric Jackson for the way he's running the company. Although Motorola has taken steps to cut costs, a core challenge for the company is product design in the competitive handset arena. ItsÂ Razr deviceÂ was praised for its design, but in a fast-paced market quickly became an also-ran, under a barrage of products from rivals that in addition to Apple include Nokia, Samsung Electronics, and LG Electronics. Despite expecting mobile phone sales to be under increasing pressure, Motorola did say that it expected its overall financial results to improve during the second half of the year. Thursday morning, Motorola shares were trading at $18.18, up $0.18 from its opening. Â
551713
Hotel owner Host Marriott Corp.  on Wednesday said its third-quarter loss narrowed as revenue per room rose, driven by an increase in room rates.
257727
Advanced Micro Devices , the world's second-largest maker of computer microprocessors, on Thursday posted a narrower-than-expected quarterly loss thanks to strong chip prices and shipments, sending shares up 3.5 percent.
14726
Qwest Communications International Inc. reported a third quarter loss on Thursday, partly due to lower revenues and to a charge related to litigation reserves.
688937
Western Wireless Corp., an operator of wireless services, on Monday said it swung a third-quarter profit but missed Wall Street expectations after taking hefty charges during the period.
517630
For its third quarter ended Sept. 30, the New York satellite radio broadcaster lost $169 million, or 14 cents a share. That compares with a year-ago loss of $107 million, or 11 cents a share.
712232
Motorola Inc said on Wednesday it will post an operating loss in the current quarter as its cell phone business is taking longer than expected to turn around, dashing Wall Street hopes for a profit and sending its shares down as much as 23 percent.
6783
DENVER - Qwest Communications International Inc. lost $569 million in the third quarter, in part because of a $250 million charge that included higher reserves for potential liability from investigations and securities actions, the company said Thursday.
112749
Circuit City Stores Inc. on Friday reported a narrower third-quarter loss from continuing operations as sales of higher-margin warranties and improved distribution helped offset weak merchandise sales.
137012
JDS Uniphase Inc.   on Tuesday said it expects to post a wider quarterly loss than previously projected, citing factors including a revenue decline from a major customer for consumer optics and display products.
693457
Vonage Holdings Corp., which provides phone service over broadband lines, reported a narrowed fourth-quarter loss Wednesday as it scaled back on marketing and cut other costs.
422699
A deal for Bain Capital Partners and China&#39;s Huawei Technologies to buy 3Com is on hold because the companies were unable to come to agreement with the U.S. Committee on Foreign Investment in the United States (CFIUS) about&#160;security concerns.