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15.07.2007 18:45
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12.07.2007 17:26
In a July 10 story about manufacturing plant closings in Texas, Arizona and Morocco by Swiss chip maker STMicroelectronics NV, The Associated Press reported that the company was cutting 4,000 jobs.
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12.07.2007
Shares of Motorola Inc. fell in Thursday's premarket trading session, after the cell phone maker forecast lower second-quarter sales and an operating loss because of soft demand for handsets. Shares gave up 30 cents to $17.65, following a $17.95 finish in regular trading.
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12.07.2007
CDW Corp., a provider of technology products and services, said Thursday its average daily sales climbed 25 percent for the month of June. The average daily sales for the month were $34.2 million, up from $27.3 million in June 2006.
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12.07.2007
Micron Technology Inc. is likely to talk about rising memory device prices at its Thursday analyst day. Lehman Brothers analyst Tim Luke reiterated an "Equal Weight" rating on shares and lifted his target price to $15 from $14 ahead of the meeting.
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12.07.2007
Stock futures traded mixed Thursday, with Wall Street pleased about takeover activity and recent earnings releases but concerned about a profit warning from Motorola. Investors were also awaiting reports on retailers' June sales and the U.S. trade deficit.
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12.07.2007
Telecommunications equipment maker Alcatel-Lucent has won a contract valued more than $400 million from Reliance Communications Ltd., the Indian phone company said.
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12.07.2007
SonyEricsson, the world's fourth-largest mobile phone maker, said Thursday its net profit rose 54 percent in the quarter ended June 30, as it expanded its market share with low and mid-range phones.
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12.07.2007
Chief Executive Officer Ed Zander's job at Motorola Inc. is on the line more than ever after he warned that the struggling company's cell phone unit will be unprofitable at least until 2008.
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12.07.2007
Packeteer Inc., a company in a healthy market with good technology, has been nothing but frustrating for shareholders, with some having thrown in the towel altogether.
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11.07.2007
Cell phone maker Motorola Inc. on Wednesday warned of a second-quarter profit and sales shortfall, blaming poor results in its mobile devices business in Asia and Europe. The company also said it no longer expects mobile devices - its largest business - to be profitable in 2007.
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11.07.2007
Apple Inc.'s iPhone frenzy has bred some iFun. About 350 software developers who attended iPhoneDevCamp, an ad hoc jam session in the Silicon Valley last weekend, managed to produce about 60 new Web-based applications tailored for the mobile gadget, including a bunch of casual games.
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