Daily Archives: February 5, 2009

  • With corporate spending down, it was all but inevitable that Cisco Systems, the leading supplier of network equipment, would experience a sharp drop in sales. The company’s latest results were accompanied by a grim forecast, and points to deepening problems for the technology industry at large. Still, Cisco is sitting on a mountain of cash, and in coming months plans to introduce low cost servers that will compete with products from traditional partners like Hewlett-Packard and IBM.
  • Like so many other Japanese electronics firms, Panasonic has fallen victim to stingy consumer spending and a strong yen. The company, one of the largest and most diverse in its field, said it would lose $4.2bn in the year to March 2009, and that it was cutting 15,000 jobs.

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Chris Nuttall

SpongeBob gameTo borrow an EA game title, it feels as if there is an Army of Two, or perhaps three, benefiting from booming video game software sales.

That best sums up the paradox of strong industry sales but disappointing revenues and losses for individual publishers. Read more