Webwire: Samsung posts record Q1 profit; Alca-Lu swings to Q1 loss
April 27, 2012
Samsung has reported a record 5.05 trillion won ($4.45 billion) in net profit for the March quarter, on the strength of its burgeoning handset business.
Alcatel-Lucent has reported a swing to a first quarter loss of €221 million ($929 million), blaming depressed spending by customers in Europe as a result of the eurozone crisis.
The UK's Health Protection Agency has conducted a major review of safety studies into mobile phones, and concluded that there is still no conclusive evidence that handset use can be linked with cancer risk, brain function or infertility.
Two former Sun Microsystems CEOs have given conflicting opinions about whether Google was required to license Java APIs in testimony during Oracle's intellectual property lawsuit against Google.
Base station chip maker Xilinx has reported a decline in 16% decline in net income for its fourth quarter to $134.1 million, from $160.1 million a year earlier, but beat analysts' expectations with its revenue forecast for the first quarter.
The US FTC has hired a high-profile outside litigator in connection with its antitrust probe into Google, signalling that it is willing to take the search giant to court.
Amazon's loss-leading strategy for its Kindle Fire tablet appears to be paying off by stimulating more sales of digital goods – the company roundly beat analysts' expectations with its quarterly results.
Samsung will include a quad-core processor with a clock speed as high as 1.4 GHz into the next iteration of its Galaxy smartphones.
Jack Narcotta/Technology Business Research
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