Hewlett Packard has reported third-quarter profit of $853m, a rise of 37 per cent on the $621m earned for the same period last year. For the three months ended 31 July, the vendor reported an increase in turnover of 11 per cent to $12.2bn, up from $11bn a year ago.
Shares in TDK rose to an all-time high after the vendor beat analysts' estimates, despite a fall in profit. For the three months ended 30 June, profit fell 15 per cent to Y11.7bn - analysts had expected a fall of 20 per cent. Turnover also dropped 5.3 per cent to Y164.3bn.
Samsung Electronics registered a 795 per cent increase in half-year profit up from Won150.1bn for the first half of 1998 to Won1.3tn. Sales for the first half of 1999, ended 30 June, were Won12.1tn, up 15 per cent on the same period last year.
Semiconductor maker Analog Devices reported higher than expected third-quarter profit of $54.6m on sales of $379m for the three months ended 31 July, compared with $26.4m and $295.7m respectively for the same period last year.
Tandberg Data reported worse than expected profit of Kr15m for its second quarter ended 30 June, despite a turnaround from a Kr18.5m loss for the same period last year. Sales increased 50 per cent year-on-year from Kr212m to Kr317m.
The performance was linked to aggressive pricing in the tape market.
CEO Graeme Watt admits the trading climate is becoming a little more uncertain as he and CFO Graham Charlton reflect on the reseller's £1bn year
Security vendor appoints Infinigate as part of strategy to grow channel business
As the trade war between the US and China ramps up, Marian McHugh investigates what impact this will have on UK prices and how partners are adapting to higher costs
CRN quizzes Avaya CEO Jim Chirico on the firm's progress after exiting Chapter 11 earlier this year, and listing on the stock exchange