NEC net loss grows, cuts outlook
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Japan's NEC Corp. (6701.T) said on  Tuesday its net loss quintupled on sluggish mobile phone sales  and discounted tax assets, and cut its full-year forecast by 64  percent after switching to Japanese accounting rules.
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The home builder posted a net loss of $1.25 billion after home deliveries and new home orders halved, and it said it saw no signs of a recovery this year.
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NEC Electronics Corp. may miss its full-year profit forecast by 39 percent as demand declines for semiconductors used in mobile phones and DVD recorders, the Nihon Keizai newspaper said yesterday.
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TiVo Inc., maker of digital  television recorders, on Monday posted a wider quarterly net  loss, as it boosted spending to achieve a sharp increase in new  subscribers to its fee-based TV service.
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The electronics company posts a big loss amid a variety of problems the company says are "self-induced." It also warns it expects an operating loss for the current quarter, which includes the rest of the holiday selling season.
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Computer maker Sun Microsystems  Inc.  on Tuesday swung to a quarterly net loss due to  charges related to job cuts and other items as revenue rose 29  percent, helped by its acquisition of StorageTek.
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Sputtering U.S. economy forces shipper to cut forecast.
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IT services provider Electronic Data Systems yesterday reported a net loss of $153 million for the third quarter, with earnings hit in part by an asset impairment charge of $375 million connected with EDS's N/MCI project.
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Stock index futures extended losses on  Wednesday after government data showed a larger-than-expected  rise in unit labor costs in the first quarter, adding to  concerns about inflation and the outlook for interest rates.
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A.M.D. reported a net loss of $396 million, larger than Wall Street expected, but sales were up 23 percent on strong personal-computer demand.
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Advanced Micro Devices , the world's second-largest maker of computer microprocessors, posted a wider quarterly net loss on Thursday due to a $1.68 billion charge related to its purchase of graphics chipmaker ATI.
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U.S. stock futures extended losses on   Wednesday after data showed unit labor costs for the second   quarter were revised higher than expected, raising concerns the   Federal Reserve may need to increase interest rates.
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Williams-Sonoma Inc.  on  Thursday said quarterly net profit rose, but it slashed its  outlook for the rest of the year, citing disappointing sales at  its Pottery Barn home decor chain and macroeconomic factors.
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Restructuring Japanese microchip maker NEC Electronics Corp  said on Friday it may shed around 500 staff after announcing an early retirement program.
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Personal computer maker Gateway Inc.  on Thursday posted a net loss that narrowed from a year earlier and bettered its own forecast, helped by higher PC sales and lower costs.
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Japan's NEC Corp.  said on Tuesday that it now expected to ship 5.5 million mobile phones in the year to March 2007, down 8 percent from its previous estimate of 6 million phones.
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The maker of fiber optic networking gear said it had sharply narrowed its fourth-quarter loss, but its sales forecast fell short of Wall Street estimates.