By Editors of TWICE On Aug 2 2010 - 3:01am
Office Depot Reports Reduced Q2 Loss
BOCA RATON, FLA. — Office Depot reported a reduced loss and lower sales
in its fiscal second quarter, ended June 26. Sales in the second quarter of 2010
were $2.7 billion, a 4 percent decrease year on year. Office Depot reported a
loss of $19 million in quarter, compared with a loss of $82 million in the second
quarter of 2009.
Motorola Forecasts Growth In Android Phones
SCHAUMBURG, ILL. — In an investor conference call, Motorola also forecast sequential
growth in Android shipments in the third quarter. Motorola co-CEO Sanjay
Jha said that although Android sales, including sales of Verizon’s new Droid
X, have exceeded expectations, he will not raise his previous forecast that Motorola
would sell 12-14 million Android handsets this year. Jha said the company
shipped 2.7 million smartphones in the second quarter, up sequentially from the
first quarter’s 2.3 million and up from the fourth quarter’s 2 million. The growing
mix of smartphones pushed up average selling prices sequentially to $207 from
the first quarter’s $192, he said.
Logitech Posts Strong Sales, Profits
FREMONT, CALIF. — Logitech International reported year-over-year sales and
net profit in its first quarter of fiscal 2011. Sales reached $479 million, up 47 percent
from $326 million in the same quarter last year. Net income was $20 million,
compared with a net loss one year ago of $37 million. Retail sales grew by 39 percent
year over year, with sales up by 66 percent in the Americas, and 24 percent
in Asia. OEM sales increased by 38 percent, the company said.
Sprint Gains Subs Despite Slower Prepaid Growth
OVERLAND PARK, KAN. — Sprint posted its first quarterly gain in net new subscribers
in three years during the second quarter despite a sharp drop in growth in
net new prepaid subscribers and a continuing but slower decline in its postpaid subscriber
Sprint Nextel CEO Dan Hesse said the carrier posted its best-ever quarterly postpaid
churn rate of 1.85 percent. Overall, the carrier gained 111,000 net new subscribers
in the quarter and 36,000 in the first half, compared with year-ago declines of 257,000
and 439,000, respectively.
Lexmark Posts Q2 Earnings, Sales Gains
LEXINGTON, KY. — Lexmark reported revenue was $1.03 billion, up 14 percent n the
second quarter and net earnings were $85 million for the quarter, up from the prior
year’s $17 million. Second-quarter printing solutions and services division revenue
of $752 million grew 20 percent year to year, and imaging solutions division revenue of
$275 million declined 2 percent year to year.