HTC released third quarter financial results today, and the trajectory is not good. For the fourth consecutive quarter, profits were down, this time by a whopping 79% compared to the previous quarter. Net income for the third quarter was down to $133 million compared to $247 million for the second quarter.
Reporting results for the second quarter of its financial year, Intel said Atom processor revenues have dropped by 15 percent, and lowered its forecast for 2011 PC sales to around nine percent. But revenue and net income were respectively up 22 percent and 10 percent year-over-year, marking a & fifth consecutive quarter of record revenue,& officials added....
Unified threat management (UTM) provider WatchGuard said Joe Wang, the Seattle-based company’s chief executive since 2007, has stepped down and has been replaced by Michael Kohlsdorf on an interim basis while its board of directors conducts a search for a permanent boss.
Business security solutions vendor, WatchGuard Technologies, has appointed a new head of its Asia-Pacific sales operations with oversight of sales in the Australian and New Zealand, South Korea, Japan, South East Asia, China and India markets.