Toshiba profit drops, wary on chip outlook
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Japanese electronics group Toshiba Corp  posted a worse-than-expected 25 percent drop in quarterly operating profit after tumbling flash memory chip prices ate into margins.
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Shares of Intel fell sharply as the nation's largest semiconductor maker lowered its revenue and profit margin forecast.
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The chipmaker posts record revenue, but profits go lower. You're not really surprised, are you?
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Japanese giant electronics maker Toshiba said it returned to the black with a 8.4 billion yen (79 million dollars) net profit in the first half and upgraded its full-year forecast despite global uncertainty.
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China&#039;s Lenovo Group Ltd. said Thursday its net profit fell 85 percent in the company&#039;s first fiscal year since it bought IBM&#039;s personal computer business.
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SAN FRANCISCO - Advanced Micro Devices Inc. reported a third-quarter profit from a loss a year-earlier on today, but sales fell from the second quarter in line with the chip maker&#39;s recently reduced outlook.
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Japan's Toshiba Corp. has slashed its  sales target for high definition DVD players and recorders  after disappointing sales in the U.S., putting a damper on  prospects for one of its growth businesses.
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Tech Data Corp. , the world's No. 2 computer distributor, reported lower quarterly profit on Tuesday as costs rose more quickly than sales, but forecast sales above expectations.
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Dow Chemical Co  on Tuesday reported a drop in quarterly profit that was not as steep as analysts had expected as growth overseas helped offset weak housing and auto markets and spiraling energy and raw material costs.
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Sony Corp. 6758.T shares fell to a   2-1/2-month low on Monday after Toshiba Corp. 6502.T and   Fujitsu Ltd. 6702.T joined the list of PC makers recalling   Sony-made batteries, increasing potential damage to its   earnings.
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Japanese electronics group Toshiba Corp.  and Fujitsu Ltd.  said quarterly operating profit dropped on sharp price falls in microchips and hard drives, and forecast steeper price declines to come.
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Blue-chip stocks fell on Wednesday after weaker-than-expected durable goods data added to uneasiness about the outlook for corporate profits.
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Two Japanese electronics makers reported improved fiscal first-half earnings Friday, with profits at Hitachi Ltd. surging nearly eight-fold, while Toshiba Corp. rebounded to profitability from a loss the previous year.
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Intel Corp's  sharp cut in its revenue outlook dragged down shares of personal computer makers on Friday, on fears that the chipmaker's problems could signal weak PC markets, analysts said.
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Intel Corp. , the world's  biggest chipmaker, on Wednesday posted a sharply lower second  quarter profit amid fierce competition from rival Advanced  Micro Devices Inc. .
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Samsung Electronics , the world's top memory chip maker, reported a smaller-than-expected 5 percent drop in quarterly profit on Friday after a steep fall in computer memory chip prices overshadowed improvements in flat screens.
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The company said on Friday that its profit fell on price declines for its mainstay computer memory chips, but expressed confidence a rebound in the market would bolster earnings.