Tag archive: CFO

Last week, HTC cut its revenue forecast for the fourth quarter of 2011 by 23 percent due to increased competition from the likes of Apple and Samsung. However, speaking with Reuters, Chief Financial Officer (CFO) Winston Yung seemed quite optimistic about the future, arguing that HTC's 2012 sales will still be almost double what they were in 2011. The company will also (and this isn't any surprise) announce competitive new models… Read More

In a bold attempt to compete with Netflix, Deadline reports that Time Warner may use its newly purchased Flixter brand to start a cloud-based movie service. Chief among its assets will be the ability to let customers to upload their DVD collections to the cloud. Consumers will be able to “upload your existing physical DVDs, have the ability to access them across multiple devices anywhere you want, have the ability to manage your… Read More

During its second press conference today, Nokia elaborated on a number of points related to the Finnish mobile companies adoption of Microsoft's Windows Phone 7 platform. Nokia executives, led by CEO Stephen Elop, clarified the roles between the hardware and software companies and several layers of restructuring that will help Nokia achieve this transition. Below are some highlights of the event, separated by topic. For an initial outline… Read More

Amidst reports that Facebook gets more traffic than any other website, Google is calling social networking only “one chapter” of its long-term strategy, reports the AFP. Speaking with Australian public television, Patrick Pichette, Google's chief financial officer, said that the digital economy is exploding and innovation is crucial to surviving. “The digital world is exploding and it has so many chapters — it has… Read More

Microsoft has announced that Chief Financial Officer Chris Liddell will be stepping down from his position and leaving the company at the end of 2009 to consider career opportunities beyond being a CFO. Peter Klein, currently CFO of Microsoft's Business Division, will take over the top CFO chair at the beginning of 2010. “My time at Microsoft has been an outstanding experience, and I am delighted to be leaving the company in such… Read More