The company said Tuesday its operating profit for the October-December quarter would be about 8.8 trillion won ($8.3 billion), up 89 percent from a year earlier and higher than expectations. It will release its full quarterly result including net profit at the end of this month.
The race to make TVs larger and larger has created a colossal problem for manufacturers: As screens grow, picture quality worsens — unless the viewer moves further away from the screen. But ot could be a few years before prices come down enough for the masses to justify buying ultra-HD TVs.
The company wants the Department of Health and Human Resources to cancel the contract awarded to Molina Medicaid Solutions. The contract, which the DHRR signed with Molina in December, is for a new computer system to process claims for the state's 420,000 Medicaid recipients.
The trends suggest that the International CES (formerly the Consumer Electronics Show) is losing its stature as a start-of-the-year showcase for the gadgets that consumers will buy over the next 12 months. It started out as a venue for the TV and stereo industries. Later, PCs joined the party.
The maker of electronics and telecommunication equipment plans to mainly manufacture small satellites from fiscal 2014, which starts April 2014, at the plant to be built in the city of Fuchu as part of its joint efforts with the government to win satellite-launching contracts from other countries.
The South Korean company said the 55-inch TVs, which use a technology called "OLED" and have a price tag of 11 million won ($10,335), will be delivered to buyers in its home market next month. The new TVs will be available in North America, Europe and the rest of Asia before the end of March.
Hewlett-Packard says the Justice Department is investigating the business software unit Autonomy after the computer maker said the business engaged in improper accounting before HP bought it. HP, which acquired Autonomy for $10 billion in 2011, took an $8.8 billion charge to reflect that the U.K. company isn't worth what it paid.
Marvell Technology Group Ltd. said Thursday that it plans to fight a jury's verdict against it in a patent case brought by Carnegie Mellon University, which was awarded $1.17 billion in damages from the chip-maker. The verdict follows a lawsuit filed by the Pittsburgh university in 2009 over patents related to a type of "noise predictive detection" that is used to detect data stored on a hard-disk drive.
It's all made possible by the Beam — a mobile video-conferencing machine that he can drive around the Palo Alto offices and workshops of Suitable Technologies. The 5-foot-tall device, topped with a large video screen, gives him a physical presence that makes him and his colleagues feel like he's actually there.
Falcon Electric Offers Pre-Configured NEMA 3R/4 Enclosures with SSG® Wide Temperature Uninterruptible Power Supplies (UPSs)December 21, 2012 10:01 am | Product Releases | Comments
Falcon Electric, Inc. announced its new “ready to install” NEMA 3R and 4 enclosures of any size with Falcon’s 1kVA to 3kVA SSG-RP Series™ and SSG® Series 1.5kVA to 3kVA wide temperature UPSs.
Hon Hai Precision Industry Co., the Taiwanese contract electronics manufacturer known as Foxconn, is buying an 8.88 percent stake in Woodman Labs Inc., the maker of the GoPro line of camcorders for surfing and other sports, for $200 million. Foxconn's factories assemble Apple products like the iPhone and iPad.
Snapping out of a summertime lull, Oracle's latest quarter demonstrated that companies have been splurging on software and other technology as the year comes to a close, despite uncertainty about the economy's prospects. The results announced Tuesday are an improvement from Oracle's previous quarter.
Chipmaker Texas Instruments says will lay off more than 500 people at a research and development plant near Nice, France, in the coming months. The Dallas-based company announced last month that it is eliminating 1,700 jobs worldwide as it cuts spending in its wireless business.
Today on Engineering Newswire, we’re working with the world’s smallest wrench, crossing the pacific in an autonomous wave rider, and creating a humanoid robot that can walk, talk, and … act? Today’s episode features: RoboThespian is a life-sized, programmable humanoid robot designed to talk, sing, he’s even recites Shakespeare. Engineered Arts is currently at work on a next generation humanoid dynamic robot.
Fluke Corp. announces the "My First Fluke" program, which allows students actively enrolled in technical or vocational schools, colleges, universities, apprenticeship programs or high schools in the United States to purchase one Fluke tool at a 25 percent discount.
Eaton’s intelligent SmartWire-DT panel wiring solution offers industrial technicians and engineers a new time-saving alternative to speed the traditionally complex process of building control panels. Available for same-day shipping at leading electronics distributor Newark element14, a business of Premier Farnell.
Europe's largest chipmaker, STMicroelectronics NV, says it plans to exit its money-losing joint venture ST-Ericsson, as it struggles to manage a downturn in global demand. Swiss-based STMicroelectronics says it is negotiating "exit options" from ST-Ericsson, its joint venture with Swedish telecommunications company Ericsson.
Cisco Systems Inc. isn't content to be the world's largest maker of computer networking gear. It says it wants to become the "No. 1" supplier of information technology to big businesses by broadening its offerings of services and software. Cisco CEO John Chambers says he wants the company to loom largest in the minds of its customers and to be the one setting the pace in the industry.
Excelsys announces the release of their ruggedized XF Series of 400~1,000 Watt field-configurable AC/DC power supplies intended for harsh environments including Mil-COTS applications.
After spending six years and more than $18.5 million to modernize computer systems at the Vermont Department of Motor Vehicles, the state is scrapping the effort, officials announced Wednesday. HP is the fourth vendor on the contract, after a series of corporate takeovers that culminated with HP buying Electronic Data Systems.
Newark element14, the distributor of electronic components and engineering solutions in the Americas and a business of Premier Farnell (LSE:pfl), today launched an easy-to-use industrial automation microsite, developed to help engineers in design or plant maintenance roles more efficiently research and source products.
Samsung Electronics Co. promoted its chairman's only son to vice chairman, putting the 44-year-old closer to the top leadership position at the world's largest maker of memory chips, mobile phones and TVs. South Korea's largest industrial conglomerate announced Jay Y. Lee's promotion to vice chairman just two years after he was named president.
The European Union imposed its biggest ever cartel fine of almost $1.96 billion on seven companies for fixing the market of television and computer monitor tubes. The EU's Commission ruled that, for a decade ending in 2006, the companies artificially set prices, shared markets and restricted their output at the expense of the consumer.
Sharp Corp. says Qualcomm Inc. will become a shareholder with an investment of up to 9.9 billion yen ($120 million) that will fund joint development of new LCD screens for mobile devices. The Japanese electronics manufacturer has been struggling with record losses and had its credit rating downgraded to junk by Fitch Ratings and Standard & Poor's.
Governments, hungry for money to prop up their struggling economies, are accusing the technology giants of incorporating themselves up in low-tax countries so they can avoid paying hundreds of millions of dollars to countries such as Germany, Britain and France — where most of their European income is derived.