An Interest In:
Web News this Week
- April 13, 2024
- April 12, 2024
- April 11, 2024
- April 10, 2024
- April 9, 2024
- April 8, 2024
- April 7, 2024
Some of Our Sources
- Slashdot
- BoingBoing
- Pearsonified
- The Logo Smith
- Abduzeedo
- Inspiredology
- FanExtra - PSD
- Noupe
- Spyre Studios
- Daily Now
Help Webnuz
Referal links:
January 27, 2012 06:39 pm GMT
Bad news from Japanese tech powerhouse NEC: the company yesterday announced [PDF] a net loss of US$1.13 billion in the three months through December 2011, compared with a net loss of "just" US$350 million in the same time frame last fiscal. NEC said it wrote down its deferred tax assets.For the three-month period, revenue dropped from US$9.3 billion to US$8.7 billion year-on-year. For the full fiscal (which ends in March this year), NEC now expects a net loss of US$1.3 billion. The company says restructuring costs alone will cause a US$520 million net loss.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/b2Mp7O5vN_w/
NEC Forecasts US$1.3 Billion Loss, Ready To Cut 10,000 Jobs Worldwide
Bad news from Japanese tech powerhouse NEC: the company yesterday announced [PDF] a net loss of US$1.13 billion in the three months through December 2011, compared with a net loss of "just" US$350 million in the same time frame last fiscal. NEC said it wrote down its deferred tax assets.For the three-month period, revenue dropped from US$9.3 billion to US$8.7 billion year-on-year. For the full fiscal (which ends in March this year), NEC now expects a net loss of US$1.3 billion. The company says restructuring costs alone will cause a US$520 million net loss.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/b2Mp7O5vN_w/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch