Tag archive: loss

Google is in the process of buying Motorola Mobility for $12.5 billion–a hefty sum. From what we've heard, the main reason for this purchase is Motorola's 25,000 or so issued and pending patents in the cell phone market. By keeping Motorola operating though, it may stand to lose more money. In the third quarter of 2011, Motorola lost $32 million. This is less than the $34 million Motorola lost at this time last year, but is a… Read More

After a profit of $20 million in the fourth quarter of 2007, European semiconductor maker STMicroelectronics has reported a massive loss for the same period this year, a $366 million net loss, according to ZDNet. As part of a move to cut costs, the company is set to lay off up to 4,500 staff. In a statement, STMicro president and chief executive, Carlo Bozotti said: "Fourth-quarter net revenues came in at the mid-point of our… Read More

Things are dark at Sony. According to Reuters, the Japanese electronics giant is set to report a massive $2.9 billion operating loss, its first loss in 14 years. Falling demand for its products and a strong yen, making exports more expensive, are the chief factors behind the slide. The company is going to strengthen the cost-cutting plan it announced last month, but it will keep investing in fields like auto-use batteries. Sony Chief… Read More