Archive | November 5, 2012

Global Digital Content Creation Survey

5 Nov

Global Digital Content Creation Survey — FREE Summary of Results to end-user facilities responding to the survey
http://tinyurl.com/9dgwbv5

Global Digital Content Creation Survey

Sony Posts $198 million Q2 loss

5 Nov

Sony has posted a loss of $198 million on revenue of $20.5 billion for its fiscal second quarter, marking an improvement over the $350 million loss it reported in the same period last year and $312 million loss in the first quarter. While that may be a sign that its ongoing restructuring is having a positive effect, the ailing outfit still disappointed analysts polled by Reuters who expected a net profit of approximately $194 million.

Panasonic Big Losses & Staff Cuts

5 Nov

Panasonic has reduced its workforce by about 11% in the past year, cutting nearly 39,000 positions, yet it still forecasts a Y780bn ($10.2bn) full-year loss, the largest in its 94-year history. Analysts and investors expect the beleaguered company will have to cut more jobs. “They have to cut, cut, cut. They’re not doing it fast enough,” said Edwin Merner of Atlantis Investment Research, according to a Bloomberg report.

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