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PTI to Reach EPS of NT$1.7 in Q3 Thanks to Resuming DRAM prices

28 Oct pti-624x416

Taiwanese semiconductor assembly, packaging and testing company Powertech Technology Inc. (PTI) announced its third quarter earnings on October 25. The earnings conference was hosted by Duh Kung Tsai, chairman of the Board and General Manager Chia Yu Hong. (more…)

Yahoo Q3 Earnings Beat Wall Street Estimates, in Wake of Imminent Merger with Verizon

21 Oct yahoo-bangalore-tp-featured-e1450166353105-768x384

By Anmol Sachdeva, The Tech Portal

Search giant Yahoo, who ‘might’ soon be owned by telecom giant Verizon, today reported its unexpectedly impressive third quarter earnings. The company managed to crush Wall Street estimates even after the confirmation of the massive 2015 hack, and it obliging a request from U.S intelligence officials to scan user e-mails without permission. But, does it really matter at this moment? (more…)

FIH Mobile Limited Warns of 52% Drop in Net Profit for 2016 Compared to 2015

4 Oct rtscsl6-624x416

According to the net profit warning released by FIH Mobile Limited, the subsidiary of Hon Hai Precision Industry Co. at Hong Kong Exchange and Clearing (HKEX) on October 3rd, it is expected that the amount of profit earned by the company in 2016 will be less than USD $110 Million (equivalent of NTD$ 3.445 Billion) (more…)

UMC and VIS Post Improved OEM Wafer Sales during Peak Season

14 Sep UMC-FAB8C-624x468

As the traditional peak season has arrived and the out-of-stock situation is coming to an end, a growing number of original equipment manufacturers have gradually increase their productivity. Apart from TSMC, whose revenues rose to a new high in August, the sales of manufacturers such as UMC and VIS surged as well, climbing up by 2% and 4% respectively. The two Taiwanese manufacturers’ sales are expected to continue growing in the months ahead. (more…)

HP Beats Analyst Expectations in Third Quarter, Reports $11.9 Billion Revenues with Stabilized PC Sales

26 Aug HP2-e1446488537933

By Vishal Srivastava, The Tech Portal

HP, the second-largest PC manufacturer after Lenovo, recently announced its third quarter earnings report. It reported a revenue of $11.9 billion and $783 million in earnings (48 cents a share). Although the numbers declined from the period last year but they managed to beat analyst estimates which had pegged revenues at $11.44 billion and an EPS of 44 cents. (more…)

Toshiba Out of the Red 6 Quarters After Accounting Scandal

22 Aug 5519321889_2e11cdd2f0_z-624x468

After the accounting scandal in March 2015, Toshiba’s reputation had plummeted hard. Its income, likewise, was heavily impacted by the critical slump of the sales of products such as LCD TVs, PCs, and other appliances. However, with a series of efforts, including restructuring, dumping businesses, and massive layoffs, Toshiba’s finance has finally gone out of the red in 1Q16 (Apr. to Jun.) after 6 quarters. (more…)

GIC Buys a 71% Stake in US Property Firm Yes! Communities along with Another Investor

19 Aug gic

By Kajal Joshi, The Tech Portal

Singapore’s sovereign-wealth fund GIC along with Stockbridge Capital Group purchased a 71 percent stake in Denver-based property firm Yes! Communities. Financial details have not been disclosed, but reportedly the firm has been valued at more than $2 billion in June. (more…)

Cisco Announces 7% Job Cuts as It Focuses on New “Areas of Future Growth”, Beats Expectations in Fourth Quarter Earnings

19 Aug Cisco-1024x651

By Vishal Srivastava, The Tech Portal

The breakneck pace at which technology is changing has forced even established, traditional companies to change themselves. Cisco, known for its expertise in networking technology, is doing the same as it announced 7% job cuts in its global workforce. The company said that it plans to use these cost savings to invest in high-priority future growth areas. (more…)

Tencent Posts Record Q1 Earnings

19 Aug Tencent_WeChat-624x468

Tencent posted record first-quarter earnings as net income rose 33 percent to 9.18 billion yuan ($1.4 billion) on the back of a 73 percent surge in online ad revenue. Sales rose 43 percent to 32 billion yuan in the quarter, beating estimates for 30.3 billion yuan. (more…)

Everlight Posts Strong Second Quarter Results

16 Aug SONY DSC

Everlight Electronics reported strong annual profit growth Monday, local media reported. The improvement in Everlight’s earnings was driven by rising demand for LED consumer lighting products and high-margin infrared applications. Everlight is Taiwan’s largest LED chip packager and lighting products supplier. (more…)