Gateway repeats loss forecast
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Personal computer maker Gateway Inc. said Monday it expects to report revenue and operating loss for its third fiscal quarter, in line with its previous forecast given in July.
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Gateway Inc. reported a narrowed net loss in the first quarter as it continues to restructure its operations and integrate its acquisition of eMachines.
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Plus: SCO to cap legal costs...Novell sees weakness in IT spending...Salesforce reports rise in profit...Nortel to lay off 3,500.
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The company tightens its forecast on cost concerns.
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SAN FRANCISCO (CBS.MW) -- Gateway Inc.&#39;s shares climbed as almost 8 percent Friday after the personal-computer and electronics company said it expects to post a second-straight quarter of earnings before one-time charges.
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Nortel Networks says it will again delay the release of its restated financial results. The Canadian telecom vendor originally promised to release the restated results in September.
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Computer Associates said Wednesday that it met its sales forecast in the quarter ended Sept. 30 but will post a loss for the quarter as it absorbs restructuring charges and the $225 million it agreed to pay shareholders in compensation for its accounting violations.
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Circuit City Stores Inc. CC.N posted  a narrower quarterly loss from continuing operations on Friday  but said the outlook was cautious for the current quarter,  which includes the key holiday season.
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Citing continued weakness in the semiconductor test equipment industry, LTX Corp. widened its fiscal second-quarter loss estimate and lowered its revenue guidance. The Westwood company said it now expects to report a second-quarter loss of 31 to 33 cents a share, excluding charges, greater than a loss of 26 to 28 cents that it projected in November. The supplier of ...
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JDS Uniphase Inc.   on Tuesday said it expects to post a wider quarterly loss than previously projected, citing factors including a revenue decline from a major customer for consumer optics and display products.
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It was a quarter where AMD shipped more product than ever in its history, with 68% more mobile processors headed for trucking than at this time last year, and graphics processors adding substantially to that mix. It regained a full eight points of gross margin over the prior quarter, and reaped 22.9% greater revenue over the third quarter of 2006. And yet it still posted a loss. What's going on?
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Irvine, California - Gateway reported a narrowed net loss in the first quarter on continued restructuring of its operations and the integration of newly acquired firm eMachines.
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Plus: Microsoft expected to post healthy profits...Seagate turns in mixed report...IBM targets well above expectations...AMD has wider loss due to charge on ATI purchase.
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Computer services company Unisys Corp.  on Tuesday warned it would post a fourth-quarter loss, instead  of an expected profit, reflecting a revenue shortfall and a  $120 million charge to write off assets.
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Software maker PalmSource Inc. (PSRC.O: Quote, Profile, Research) on Thursday posted a narrower net loss for its first quarter, but said its forecast for the current quarter is
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Plus: IBM targets well above expectations...AMD has wider loss due to charge on ATI purchase...Sony Ericsson exceeds expectations...Intel remains optimistic.
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U.S. stock futures edged lower on   Friday, pointing to a second straight day of losses on concern   about weakening growth after KB Home KBH.N warned of   unfavorable conditions in the housing market.