Taiwan’s TSMC, world’s biggest contract chip maker, says Q1 profit dived 94.5 percent

July 24th, 2009 Samsung 2Q profit rises; Hynix trims lossSEOUL, South Korea — Samsung Electronics Co., the world's biggest maker of computer memory chips, said second-quarter net profit rose 5.2 percent while rival Hynix reported a narrower loss as the chip industry emerges from a deep slump. Samsung, also the world's biggest manufacturer of flat screen televisions, earned 2.25 trillion won ($1.81 billion) in the three months ended June 30, it said in a regulatory filing Friday.

July 24th, 2009 Samsung Q2 profit rises, Hynix trims lossSEOUL, South Korea — Samsung Electronics Co., the world's biggest maker of computer memory chips, said second-quarter net profit rose 5.2 percent while rival Hynix reported a narrower loss as the chip industry emerges from a deep slump. Samsung, also the world's biggest manufacturer of flat screen televisions, earned 2.25 trillion won ($1.81 billion) in the three months ended June 30, it said in a regulatory filing Friday.

April 24th, 2009 Microsoft CEO expects slow economic recovery COLOGNE, Germany — Microsoft CEO Steve Ballmer said Friday that the company expects to have to deal with a weak economy for at least the next several years. Speaking at a forum on "Interfacing Media Future" in Cologne, Ballmer said Microsoft does not expect any quick economic recovery.

July 24th, 2009 Samsung says quarter-2 net profit rose 5.2 percentSEOUL, South Korea — Samsung Electronics said Friday that second-quarter net profit rose 5.2 percent from the same period last year as sales of flat screen televisions and mobile phones increased and prices for memory chips moved higher amid stronger demand for personal computers. Samsung Electronics Co., the world's biggest manufacturer of computer memory chips and flat screen televisions, earned 2.25 trillion won ($1.81 billion) in the three months ended June 30, it said in a regulatory filing.

April 21st, 2009 TI profit, revenue tumble on shrinking demand Shares in Texas Instruments Inc. fell Tuesday after the chip maker reported that first-quarter profit and revenue tumbled as competition heightened and demand for its chips shrank amid the recession.

May 8th, 2009 Japan's top chipmaker Toshiba posts record loss TOKYO — Japan's top chipmaker Toshiba Corp. tumbled to a record annual loss amid sinking global demand that has forced it to cut thousands of jobs.

July 30th, 2009 Nintendo profit tumbles as gaming hits dwindleTOKYO — Nintendo's quarterly profit tumbled 61 percent, hurt by a stronger yen and fewer blockbuster games for its popular Wii gaming console and DS handheld device. The Kyoto-based company said Thursday its April-June net profit fell to 42.3 billion yen ($445.2 million) from 107.3 billion yen a year earlier.

July 24th, 2009 China's Baidu.com says profit up 44.6 percentBEIJING — Baidu Inc., which operates China's leading Internet search engine, said Friday its quarterly profit rose 44.6 percent from a year earlier on strong growth in revenue and numbers of advertisers. Net income for the three months ending June 30 was 383.3 million yuan ($56.1 million), or 11.02 yuan ($1.61) per share, the Beijing-based company said.

April 22nd, 2009 AMD posts deeper loss, shares fall SAN FRANCISCO — Advanced Micro Devices Inc.'s loss widened in the first quarter as demand and prices for its microprocessors slumped and charges for the biggest restructuring in the company's 40-year history took their toll. Its shares slipped 5 percent in after-hours trading on disappointing guidance.AMD reported after the market closed Tuesday that it lost $416 million, or 66 cents per share, in the opening three months of the year.

July 15th, 2009 Asian markets rise after Goldman, Intel earnsSEOUL, South Korea — Asian stock markets rose for a second day Wednesday, underpinned by better-than-expected U.S. earnings and optimism the regional economy is on the mend.

April 28th, 2009 China's Baidu.com says 1Q profit up 34.7 percent BEIJING — Baidu Inc., which runs China's leading Internet search engine, said Tuesday first quarter profit rose 34.7 percent from a year earlier on stronger online marketing revenue despite China's economic slowdown. Profit rose to 198.5 million yuan ($29 million) or 5.22 yuan (76 U.S.

April 30th, 2009 Fujitsu books annual loss on restructuring feesTOKYO — Japanese computer maker Fujitsu Ltd. fell into the red for the just-ended fiscal year as revenues dropped and it booked large expenses for restructuring its business.

May 8th, 2009 Cisco earnings fall 21 pct but beat expectations NEW YORK — Cisco Systems Inc. said Wednesday that earnings fell 21 percent in its latest quarter, but the profit comfortably beat Wall Street expectations amid signs that the market is stabilizing.

May 8th, 2009 Nintendo's annual profit rises 8.5 percent TOKYO — Nintendo's annual profit rose 8.5 percent, propelled by its hit Wii and DS game machines, but a forecast for lower sales shows even the resilient video game maker isn't totally immune to the global slump. Still, Nintendo is faring much better than other big name Japanese manufacturers like Toyota Motor Corp.

July 24th, 2009 Microsoft, Amazon weighing on world marketsLONDON — European and U.S. stock markets fell Friday as downbeat U.S.