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Best Buy Q1 Profits Fall 26%

Minneapolis - Restructuring charges for 41 previously announced store closures dragged down Best Buy's fiscal first-quarter net earnings 26 percent to $158 million.

Excluding the $127 million in one-time charges, profits fell 4.7 percent to $246 million for the three months, ended May 5.

Total revenue rose 2 percent to $11.6 billion while comp-store sales fell 5.3 percent for the three-month period. U.S. revenue increased 5.1 percent to $8.8 billion and domestic comp-store sales declined 3.7 percent.
Release Date: 
2012-05-22 12:50:52
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Minneapolis - Restructuring charges for 41 previously announced store closures dragged down Best Buy's fiscal first-quarter net earnings 26 percent to $158 million.
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News
nstein articleid: 
484923
createdBy: 
8668

Google Puts Stamp On Motorola

Mountain View, Calif. - Google closed its acquisition of Motorola Mobility, named a Google executive to replace Motorola CEO Sanjay Jha, and hired other new members to Motorola's executive team.

The new CEO, Dennis Woodside, promised "to focus Motorola Mobility's remarkable talent on fewer, bigger bets, and create wonderful devices that are used by people around the world."

Woodside oversaw integration planning for the acquisition and was former president of Google's Americas region.
Release Date: 
2012-05-22 14:03:39
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Mountain View, Calif. - Google closed its acquisition of Motorola Mobility, named a Google executive to replace Motorola CEO Sanjay Jha, and hired other new members to Motorola's executive team.
Article Type: 
News
nstein articleid: 
484933
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8668

Ion Unveils Air Pro Action Camera Line

 New York - Value electronics supplier Ion America revealed Tuesday that is diving into one of the fastest-growing segments of the U.S. camcorder business -- the action camera market -- with both feet.
Release Date: 
2012-05-22 14:15:58
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New York - Value electronics supplier Ion America revealed Tuesday that is diving into one of the fastest-growing segments of the U.S. camcorder business -- the action camera market -- with both feet.
Article Type: 
News
nstein articleid: 
484935
createdBy: 
8668

Apple, HP Dominate Q1 Mobile Computing Shipments

Santa Clara, Calif. - Hewlett-Packard and Apple retained their respective leads in the laptop and tablet categories for the first quarter, according to DisplaySearch's latest report.

HP boosted its first-quarter shipments by about 700,000 units to 8.9 million, giving the company 16.2 percent of the market. However, this is down slightly from the previous first-quarter 17 percent as inroads were made by Acer, Lenovo and Asus. Dell also lost share as it continues its shift to the commercial computer market.
Release Date: 
2012-05-22 14:19:04
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Santa Clara, Calif. - Hewlett-Packard and Apple retained their respective leads in the laptop and tablet categories for the first quarter, according to DisplaySearch's latest report.
Article Type: 
News
nstein articleid: 
484936
createdBy: 
8668

Panasonic Adds 12-35mm f/2.8 G-Series Lens

Secaucus, N.J., - Panasonic introduced Monday the standard zoom lens Lumix G X Vario 12-35mm/F2.8 ASPH./Power OIS (H-HS12035) for its Micro Four Thirds compact system camera (CSC) line.

The lens, which will ship in August at a price to be announced, is part of Panasonic's premium lens brand X, which is compatible with the Panasonic Lumix G series and complies with the Micro Four Thirds system standard.
Release Date: 
2012-05-21 15:12:42
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Secaucus, N.J., - Panasonic introduced Monday the standard zoom lens Lumix G X Vario 12-35mm/F2.8 ASPH./Power OIS (H-HS12035) for its Micro Four Thirds compact system camera (CSC) line.
Article Type: 
News
nstein articleid: 
484875
createdBy: 
8668

Rovi, Nuance Team On Voice-Controlled EPGs

 Boston - Electronic program guide (EPG) developer Rovi and voice-activiated software creator Nuance Communications are using the Cable Show here this week to announce a collaboration on voice-activated discovery and guidance applications for cable service providers and CE manufacturers.
Release Date: 
2012-05-21 15:15:31
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Abstract Web: 
Boston - Electronic program guide (EPG) developer Rovi and voice-activiated software creator Nuance Communications are using the Cable Show here this week to announce a collaboration on voice-activated discovery and guidance applications for cable service providers and CE manufacturers.
Article Type: 
News
nstein articleid: 
484876
createdBy: 
8668

Sceptre LED LCD TV Packs Car Cord

City of Industry, Calif. - Sceptre unveiled Monday a compact 15.6-inch 720p LED LCD TV in its 16 series, offering the ability to plug the display into a wall outlet or a car lighter for tailgating or camping.

The E165BD-HD ($199 suggested retail) features 1,366 by 768/60p HD resolution, a built-in DVD player and ships with a car power adapter for use on the go. It also offers two HDMI ports.
Release Date: 
2012-05-21 16:11:31
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City of Industry, Calif. - Sceptre unveiled Monday a compact 15.6-inch 720p LED LCD TV in its 16 series, offering the ability to plug the display into a wall outlet or a car lighter for tailgating or camping.
Article Type: 
News
nstein articleid: 
484880
createdBy: 
8668

Lowe's Posts Higher Q1 Sales, Earnings

Mooresville, N.C. - Lowe's reported solid gains for its fiscal first quarter, ended May 4.

Net earnings rose 14.3 percent to $527 million, sales increased 7.9 percent to $13.2 billion, and comp-store sales edged up 2.6 percent year over year.

Gross margins slipped from 35.4 percent to 34.7 percent for the three-month period,   possibly due to product mix shifts and a more disruptive than anticipated transition to everyday low pricing, Credit Suisse retail analyst Gary Balter suggested.
Release Date: 
2012-05-21 15:10:19
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Abstract Web: 
Mooresville, N.C. - Lowe's reported solid gains for its fiscal first quarter, ended May 4.
Article Type: 
News
nstein articleid: 
484874
createdBy: 
8668

China Approves Google Acquisition Of Motorola

New York - Google and Motorola overcame the final regulatory hurdle in its planned $12.5 billion acquisition of smartphone maker Motorola when the Chinese government gave its approval to the deal.

 Following February approvals by the U.S. and European Union, the maker of the Android OS is clear to finalize its purchase of Motorola and put itself in  competition with the handset makers that license Android. To assuage handset vendors concerned about competing with the company that supplies Android, Google has said it would let Motorola operate independently.
Release Date: 
2012-05-21 12:45:25
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New York - Google and Motorola overcame the final regulatory hurdle in its planned $12.5 billion acquisition of smartphone maker Motorola when the Chinese government gave its approval to the deal.
Article Type: 
News
nstein articleid: 
484849
createdBy: 
8668

Rovi, Nuance Team On Voice-Controlled EPGs

 Boston - Electronic program guide (EPG) developer Rovi and voice-activiated software creator Nuance Communications are using the Cable Show here this week to announce a collaboration on voice-activated discovery and guidance applications for cable service providers and CE manufacturers.
Release Date: 
2012-05-21 13:13:21
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Abstract Web: 
Boston - Electronic program guide (EPG) developer Rovi and voice-activiated software creator Nuance Communications are using the Cable Show here this week to announce a collaboration on voice-activated discovery and guidance applications for cable service providers and CE manufacturers.
Article Type: 
News
nstein articleid: 
484855
createdBy: 
8668