Electronics/Appliance Financials

• Audiovox Posts Profit, But Lower Sales In Fiscal Q2

  By Steve Smith, October 26, 2009
  Hauppauge, N.Y. — Audiovox reported lower net sales but turned a $2.8 million profit in its fiscal second quarter, ended Aug. 31, with accessories sales leading the way. Net sales for the fiscal 2010 second quarter were $124.9 million, compared with net sales of $147.2 million reported in the prior year period, a decrease of 15.  More

• Nokia Reports Lower Sales, Loss For Q3

  By Steve Smith, October 26, 2009
  Espoo, Finland — Nokia is optimistic about mobile phones for the balance of the year, but reported a double-digit drop in net sales and loss in the third quarter compared with last year. The loss was reportedly due to more than $1.3 billion in charges on Nokia Siemens Networks, a joint venture with Siemens AG.  More

• LG Reports Increases In Q3 Sales, Profits

  By Greg Tarr, October 26, 2009
  Seoul, South Korea — LG Electronics reported record revenue and operating profits for the third quarter, with global sales rising 15.7 percent to $11.2 billion from a year ago. In the period, operating profit climbed to 850 billion Korean won (about $685 million), resulting in a margin of 6.1 percent, 1.  More

• Nokia Reports Lower Sales, Loss For Q3

  By Steve Smith, October 15, 2009
  Espoo, Finland - Nokia is optimistic about mobile phones for the balance of the year, but reported a double-digit drop in net sales and loss in the third quarter compared with last year.  More

• LG Display's Fiscal Q3 Profits Almost Double

  By Steve Smith, October 15, 2009
  Seoul, South Korea - LG Display reported that net profits almost doubled during the fiscal third quarter based on higher demand for its LCD panels.  More

• Dell To Shutter N.C. PC Plant

  By Doug Olenick, October 12, 2009
  Round Rock, Texas — Dell reported last week it will close its Winston-Salem, N.C., factory and lay off 905 employees. The plant, which produced desktop computers, will close its doors in January but will start wrapping up operations next month. The plant closing is part of the company's long-term plan to simplify its operations, the company said in a written statement.  More

• FCC: U.S. Faces Cellular Spectrum Gap

  By Joseph Palenchar, October 12, 2009
  San Diego — “The biggest threat to the future of mobile in America is the looming spectrum crisis,” the chairman of the Federal Communications Commission told the wireless industry during a trade show here. “While the short-term outlook for 4G spectrum availability is adequate, the longer-term picture is very different,” chairman Julius Genachowski said today at the...  More

• Discounters See Uptick In CE Sales In September

  By Alan Wolf, October 12, 2009
  New York — Purchases of TVs and computers in September helped drive the first meaningful sales gains in months for discount retailers, suggesting that the freeze in consumer spending may thaw for the holidays. Nevertheless, falling prices, particularly in CE, squeezed same-store sales and offset the benefits of higher traffic and a favorable calendar shift for Labor Day, which moved pre-ho...  More

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