Sony Corp. summed up the results of activity in I quarter of 2008-2009 fiscal year. Sony Net Profit for the period from April to June amounted to about $ 327 million That is almost twice lower than I quarter of last fiscal year. Thus, Sony has been unable to meet the expectations of analysts, who predicted last quarter profits of $ 486 million decline in net profits of Japanese corporations explain the increasing competition in the market game console, weak sales of smartphones Sony Ericsson, as well as the strengthening yen against the U.S. dollar . Along with the publication finotcheta Sony has adjusted the forecast revenue and profits for the current fiscal year. Now, experts expect the company annual revenue of $ 85.98 billion instead of previously called $ 84.1 billion Regarding net profit, its prognosis, however, reduced from $ 2.71 billion to $ 2.24 billion
The company Motorola is expanding its arsenal of products in the segment of corporate networks. She buys AirDefense - companies that sell solutions to the security of wireless LAN. The amount will not be disclosed. AirDefense was organized in 2001 by private individuals. It is one of the few companies that specialize in selling software that helps companies protect their corporate networks from all sorts of wireless threats informbezopasnosti. Motorola expects the positive end of the transaction in the next few months. As a result, AirDefense will be integrated into the unit Motorola Enterprise Mobility.
The company Citrix Systems reported financial results II quarter 2008 financial year (end on 30 June 2008). In II quarter earnings Citrix reached $ 392 million - a 17% exceeds the corresponding figure of 2007 ($ 334 million). Net income for the period rose by 2% to $ 71 million to $ 70 million in the corresponding period last year. In general, in the II quarter of 2008 compared with the II quarter of 2007 - the first revenues from licensing products increased by 12%, and renewal of licenses grew by 16%; online services showed an increase of 23%, revenue from technology services, including in a counseling, education and technical support, grew by 34%. The increase in revenue in EMEA was 22% in Pacific - 11%, and in the Americas - 13%. Cash flow from the company amounted to $ 75 million, thus the figure for the last 12 months reached in the $ 379 million has been purchased 2.1 million shares at an average price of $ 33.50 per share. Mark Templeton, president and CEO of Citrix, both commented on the current results: «I am pleased with another excellent quarter of growth. In each of the geographic regions we have achieved revenue growth of more than 10% and reached the planned targets for earnings per share. Overall, we had an excellent quarter, despite the severe macro-economic situation ». According to projections Citrix, in the III quarter of this year net profit of the company will be in the range of $ 385 million to $ 400 million to $ 350 million received in the III quarter of 2007 th. In the 2008 fiscal year, Citrix expects a net profit ranging from $ 1.59 to $ 1.62 billion during the II quarter of this year, Citrix start deliveries Citrix XenDesktop 2.0; released Citrix NetScaler MPX, which reduces the value of the data center, serving twice as many Web applications, has released Citrix Access Gateway, added to the Citrix XenDesktop smart management has launched a new pricing model for Citrix XenServer, allowing for a fixed price set an unlimited number of virtual machines on one server. Also in the second quarter of Citrix XenServer started to be installed on the company's PowerEdge servers Dell.
Not the most outstanding results showed unit Samsung Digital Media in the II quarter of this year. Many in the industry attribute this to the forced participation of companies in price wars to market TVs and monitors. For example, in May in North America, Sony provoked market LCD TVs this situation, in which Samsung was forced to enter into a price race. At the same time in China, the company had to lower prices of LCD monitors in the fight against the aggressive pricing strategy of its competitor's TPV Technology. Nevertheless, with all these losses II quarter of Samsung Electronics has no plans to change the plan for producing flat-panel TV in 2008. At a conference for investors, the situation surrounding the Samsung Digital Media has been attributed to global economic slowdown. In addition, Samsung forecast that in the second half of the year, total demand in the market of flat-panel TV can reach 69 million units, so the previously announced plan annual production (21 million pcs.) Will not be changed. And about display. After the sale of plasma panels increased significantly in the I quarter, the second formed a lull in the market: sales growth of only 1%. Only this time it was sold 3.5 million devices. According to the company DisplaySearch, demand for plasma in North America and China was low, but the rest of the demand for plasma panels, particularly in the model class full HD, was much higher. Thus, compared with the same period last year, growth in sales of televisions with 1080p resolution in the II quarter was 54%. The sharp rise in demand for the model has led to increased sales revenue by 28% compared to last year and 6% over the previous quarter.
The company Infineon announced its intention to reduce the three thousand jobs next year to stabilize its economic situation. Two-thirds of the reductions affect Germany, where the company has 10 thousand employees. Peter Bauer, CEO Infineon, said that the goal is to reduce annual costs by at least 200 million euros. Infineon plans continue to trend in Germany. Such large German companies like BMW, Siemens, Henkel and Continental, also announced staff reductions, anticipating the worsening economic situation in Europe. Infineon reported a loss of 592 million euros in the III quarter related to the subsidiary Qimonda (producer of memory card), which, according to plans the company will be sold in 2009. Except for problems with Qimonda Infineon reported an operating profit of 71 million euros, which exceeds the expectations of analysts. But this success has been achieved from the sale of assets. The price of shares of the company rose by 5% and reached the mark 5.06 euros. Infineon predicts stable (with possible minor deviations) increase in profits in the IV quarter compared with last year.
But more news on computer memory. The first company to reduce the prices of memory card, according to industry players, will be Kingston. Specialists believe that in 2008, in a situation where the cost of flash memory type NAND steadily declining, Kingston will be forced to reduce the price of manufactured memory card. This, in turn, will push for other manufacturers. Sources in the company's report that the proposal for such measures was formulated in a general downtrend in the market value of memory cards, as well as a response to one of the major competitors of SanDisk, whose representatives at a conference for investors, announced the beginning of a new, more aggressive pricing strategy. Moreover, we note that the timing and magnitude of decline in prices is not yet known.
Resigned CEO of Alcatel-Lucent Pat Russo and Chairman of the Board Serge Tchuruk. Meanwhile, net losses Franco-American company Alcatel-Lucent, produces telecommunications equipment for the II quarter of this year decreased by 33.9% - up to 222 million euros, compared with a loss of 336 million euros from the same period a year earlier. Alcatel-Lucent's revenues for the quarter declined by II 5.2% and amounted to 4.1 billion euros against 4.33 billion euros a year earlier. Operating profit for the period amounted to 93 million euros, while the year before the company received operating loss of 19 million euros.
28 July, Oracle Corporation has made further amendments in a lawsuit against the company SAP on charges of «corporate theft of scale» and unfair competition. As stated in the lawsuit, members of the SAP were aware of fraudulent activities TomorrowNow, even before its acquisition. I recall that Oracle filed a lawsuit against its German rival in March 2007 in federal district court of California, which had accused its American subsidiary TomorrowNow in the unauthorized downloading of software products that are protected by copyright, with servers Oracle. The damage to activities of Oracle TomorrowNow, estimated at $ 1 billion in the new edition of the claim Oracle, referring to internal papers SAP, alleges that the four members of the SAP including acting general director Henning Kagermanna in January 2005 were in possession of confidential documents incriminating company TomorrowNow in «illegal actions». Thus, according to Oracle, SAP management was aware of the fraudulent actions of TomorrowNow - in particular, carried it on Corporate theft - both before and after the acquisition of companies (SAP bought TomorrowNow, specializing in services for clients JD Edwards and PeopleSoft, in February In 2005 with the aim of the enticement of them and otnyatiya revenue from Oracle). The lawsuit Oracle, filed in the District Court of San Francisco, said: «SAP gained unauthorized access to business applications Oracle, software and other confidential documents used by Oracle to service its customers, illegally copied and used them for their own purposes. All the acts were committed with the consent and notification to the board of directors SAP ». According to SAP Sasvato Das, the company is preparing a formal response to allegations Oracle, which will publish the September 11. According to SAP, company management decided to close the branch TomorrowNow by 31 October 2008, which followed an unsuccessful attempt to sell it. Currently, SAP is working directly with 225 clients TomorrowNow to provide them support the use of products JD Edwards and PeopleSoft. And in July 2007, SAP formally recognized the fact that its U.S. subsidiary made several unauthorized downloads from the site of a competitor. However, according to the company, SAP itself did not have access to files TomorrowNow, and thus did not use the intellectual property of Oracle.
Company O-Reilly Media reported on the spread of open source software in business environment. Technical expert InfoWorld Bill Snyder, referring to the paper argues that language and skills among the Open Source can provide employment in information technology. According to the report O-Reilly Media, today at the IT-labor market from 5% to 15% of the vacancies require skills to develop software with open source. Another argument in favor of his claim, Snyder calls the increase in database projects SourceForge, a system of joint development of computer programs. Studies have shown that about 1.9% of large companies in the market associated with Open Source. Bill Snyder drew attention to the fact that this statistic refers not only IT-vacancies. The expert believes natural increase in the number of proposals in the labor market associated with Open Source. In his view, companies are looking for cost-effective solutions to the global slowdown in the economy. In addition, many large companies are already using software with open source. For example, Google uses as a base operating system, a modified version of Linux. The demand for skills-based servers Linux, according to the O-Reilly Media, as well as the language Perl and JavaScript, rose slightly, but the area has long provided the most rich offer vacancies open source in the labor market. Bill Snyder believes that the IT-industry underestimated the potential of software products with open source. In his view, the Open Source products are gradually moving towards a central position in the market, and this trend is quite obvious.
German group Siemens AG intends to file a suit against 11 former top managers of the damage to the company as a result of a corruption scandal. The company believes that the former top managers who have not performed their duties properly, are responsible for losses incurred as a result of concern over the scandal «black funds». Among the top managers, whose company intends to recover the money, the amount of which did not specify - former CEO Heinrich von Pirer and his successor Klaus Klyaynfeld. Prior to the court in Munich found guilty of corruption in the former office manager of telecommunications equipment company Siemens AG Reinhard Sikasheka. In a sentencing court has appointed a fine of 108 million euros and two years' deprivation of liberty. I recall that in October 2007, German court fined Siemens 201 million euros to the bribery of officials and managers of state companies in Russia, Libya and Nigeria. Siemens internal investigation found that «suspicious transactions» in 2000-2006 amounted to 1.3 billion euros.
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