Sharp and Sony Amend LCD JV Agreement
Sharp Corporation and Sony Corporation announced that they have amended their 2009 joint venture agreement to produce and sell large-sized LCD panels and modules.
Archive of posts filed under the Financial category.
Yahoo! Acquires IntoNow
Yahoo! Inc. announced that it has acquired startup IntoNow, a company with technology that allows users to find, discuss and follow television programs.
Imation Posts Loss in Q1 2011
Imation Corp. announced financial results for its first quarter ended March 31, 2011.
Cinram Schedules Investor Meeting
Cinram International Income Fund announced that it will hold its annual general and special meeting of unitholders at the Hockey Hall of Fame in Toronto, Ontario on Thursday, May 12, 2011 at 10:00 A.M.
Apple Reports Q2 2011 Results
Apple Inc. announced financial results for its fiscal 2011 second quarter ended March 26, 2011. According to the statement, Apple sold 3.76 million Macs, 18.65 million iPhones, 9.02 million iPods and 4.69 million iPads during the quarter.
Samsung Sells HDD Business to Seagate
Seagate Technology and Samsung Electronics announced that Samsung will sell its hard disk drive (HDD) business to Seagate for roughly $1.375 billion in cash and stock.
Sigma and Vietnam Multimedia Establish JV
Sigma Designs and Vietnam Multimedia Corporation announced that the companies will establish a joint venture to develop and market set-top boxes for digital television as well as smart energy and home connectivity products.
Philips and TPV Form Television Joint Venture
Royal Philips Electronics announced that it will transfer its television business into a joint venture with TPV Technology (70% TPV/30% Philips ownership).
Cinram Inks Contract with Fox
Cinram International Income Fund announced that it has signed a new multi-year replication and distribution contract with Twentieth Century Fox Home Entertainment.
Default Credit Rating for Cinram
Standard & Poor’s Ratings Services announced that it has lowered its long-term corporate credit rating of Cinram International Inc. from ‘CC’ (highly vulnerable) to ‘D’ (default). Additionally, Standard & Poor’s has lowered its issue-level rating on Cinram’s senior bank facility to ‘D’ from ‘CC’.
Seagate Declares Dividend and Updates Results
Seagate Technology announced preliminary financial results for its fiscal Q3 2011 and that the company will issue a quarterly dividend of $0.18/share.