Tech News Headlines - Canadian Press

Telus Q3 profit and revenue slip; revised 2009 guidance reflects weak economy, higher capital spending

Fri Nov 6, 5:24 PM

VANCOUVER, B.C. - Telus Corp. revenue and profit will come in lower-than-expected this year due to impacts from a weak economy and the telecom giant's increased spending on the early launch of a new advanced wireless network, the company (TSX:T) says.

View: Headlines Only | Include Summaries | Include Photos

EBay settles suit with Skype founders that threatened to hamper sale to investor group Fri Nov 6, 3:18 PM
SAN FRANCISCO - EBay Inc. (NASDAQ:EBAY) has settled a legal skirmish with the founders of Skype that threatened to complicate eBay's plans to sell most of the Internet phone service to a group of investors that includes the Canada Pension Plan Investment Board for US$2 billion.
Curtiss-Wright Controls expands Ottawa plant Fri Nov 6, 10:37 AM
LEESBURG, Va. - Curtiss-Wright Controls Embedded Computing, a U.S.-based designer and manufacturer of rugged computer electronics for the aerospace and defence markets, says it has begun a significant expansion of its Ottawa plant.
Horizon North Logistics reports Q3 loss as revenue falls compared with year ago Thu Nov 5, 7:52 PM
CALGARY - Horizon North Logistics Inc. (TSX:HNL) said Thursday that it lost $105,000 in its latest quarter as revenue dropped compared with a year ago.
Northstar Aerospace reports US$411K Q3 loss, revenue up 20 per cent Thu Nov 5, 7:20 PM
CHICAGO - Northstar Aerospace Inc. (TSX:NAS) reported a loss in its latest quarter as revenue grew 20 per cent compared with a year ago.
'Call of Duty' video game publisher Activision had Q3 profit, reaffirms 2009 guidance Thu Nov 5, 7:15 PM
NEW YORK - It's been a rough year for the video game industry, but Activision Blizzard Inc. reported a profit for its third quarter because of a lower costs and a good response for games such as "Guitar Hero 5" and "World of Warcraft."
Quebecor chief executive says not enough competition in cellphone industry Thu Nov 5, 5:48 PM
MONTREAL - CEO Pierre Karl Peladeau took another swipe at what he called the lack of competition in the cellphone industry as Quebecor Inc. (TSX:QBR.B) announced a 52 per cent jump in third-quarter profit on Thursday.
Manitoba Telecom's third-quarter profit slips to $27.9 million, revenue down Thu Nov 5, 4:45 PM
High-speed Internet, wireless and TV are set to become key drivers of Manitoba Telecom Services Inc. (TSX:MBT) as consumers shift away from traditional telecom services, CEO Pierre Blouin said Thursday.
Bridgewater Systems Q3 profits more than triple to $1.7M as revenue rises Thu Nov 5, 3:04 PM
OTTAWA - Bridgewater Systems Corp. (TSX:BWC) revised its annual profit and revenue 2009 guidance upward on Thursday as the wireless technology provider reported its third-quarter net income more than tripled while revenues rose 53 per cent.
DirecTV Q3 profit flat as higher costs offset 10 per cent revenue increase Thu Nov 5, 12:26 PM
DirecTV Group Inc., America's largest satellite TV operator, said Thursday that its revenue grew 10 per cent in the third quarter as it added more new customers, but its results suffered from higher marketing costs used to attract them.
Time Warner Cable 3Q profit sinks 11 per cent on higher interest expenses Thu Nov 5, 12:23 PM
Time Warner Cable Inc., America's second biggest cable TV operator, said Thursday its profit fell 11 per cent in the third quarter, weighed down by heftier interest expenses after piling on debt to separate from its parent, Time Warner Inc.
Consumers looking for a new cellphone need to learn a new acronym: HSPA Thu Nov 5, 10:11 AM
TORONTO - Consumers looking to upgrade their cellphone have a new acronym to learn: HSPA.
Regulator fines Swisscom $216 million for overcharging broadband customers Thu Nov 5, 6:08 AM
BERN, Switzerland - Switzerland's competition commission said Thursday it has fined Swisscom AG almost 220 million Swiss francs ($216 million) for overcharging its wholesale broadband customers.
Cisco forecasts first revenue growth in a year, but cautions that the recovery is fragile Thu Nov 5, 5:35 AM
SAN FRANCISCO - Cisco Systems Inc. doesn't want Wall Street to interpret its forecast for its first quarterly revenue growth in a year as evidence that the U.S. and other economies are roaring back.
Panasonic Corp. begins tender offer for Sanyo Electric Co. takeover Wed Nov 4, 9:48 PM
TOKYO - Panasonic Corp. said Thursday it has begun a tender offer to take over smaller rival Sanyo Electric Co. for an estimated 402 billion yen (US$4.4 billion), moving closer to create one of the world's biggest electronics makers.
RuggedCom reports Q2 profit of US$1 million, down from US$3.2 million a year ago Wed Nov 4, 8:24 PM
CONCORD, Ont. - RuggedCom Inc. (TSX:RCM) reported Wednesday a profit of US$1 million in its latest quarter, hurt by strength in the Canadian dollar and increased operating expenses.
NY files antitrust suit against Intel, claims company paid billions in kickbacks Wed Nov 4, 7:34 PM
NEW YORK - The legal challenges to Intel Corp.'s sales tactics mounted Wednesday as New York's attorney general accused the world's biggest computer chip maker of using "illegal threats and collusion" to dominate.
Qualcomm Q4 profit slips nine per cent, full-year earnings plunge 50 per cent Wed Nov 4, 7:33 PM
SAN DIEGO - Qualcomm Inc. says its fourth-quarter profit slipped nine per cent as revenue from the mobile phone technology it licenses and mobile-phone chips it makes declined.
Microsoft cuts 800 more jobs for total of 5,800 layoffs this year, but adds 2,000 positions Wed Nov 4, 1:37 PM
REDMOND, Wash. - Microsoft Corp. says it is cutting 800 more jobs. That's in addition to the 5,000 layoffs it announced in January.
Time Warner posts lower 3Q profit, confirms magazine job cuts but boosts earnings outlook Wed Nov 4, 11:35 AM
NEW YORK - Media conglomerate Time Warner Inc. reported a 38 per cent drop in third-quarter profit, hurt by declines at its AOL and publishing segments.
Comcast income up but growth slows; investors awaiting details about NBC deal Wed Nov 4, 8:47 AM
PHILADELPHIA - Comcast Corp. reported a 22 per cent increase in third-quarter earnings Wednesday after stepping up promotions on its bundled video, phone and Internet plans.
Apple's China partner sells 5,000 iPhones in lacklustre weekend debut Wed Nov 4, 6:13 AM
BEIJING - Apple Inc.'s local partner has sold 5,000 iPhones since the smart phone's formal weekend debut in China, a lacklustre start after analysts warned the company might be setting prices too high.
Constellation Software reports Q3 profit of $2.7 million, down from year ago Tue Nov 3, 7:27 PM
TORONTO - Constellation Software Inc. (TSX:CSU) reported Tuesday a third-quarter profit of US$2.7 million as revenue grew by one-third.
Viacom Q3 profit jumps as film profits offset decline in advertising, DVD sales Tue Nov 3, 12:50 PM
NEW YORK - G.I. Joe and the Transformers came to Viacom Inc.'s rescue in the third quarter, helping boost the company's earnings 15 per cent with strong box office returns.
CGI gets contract extension with Yellow Pages worth $100 million Tue Nov 3, 9:49 AM
MONTREAL - CGI Group Inc. (TSX:GIB.A) says a contract extension from Yellow Pages Group will generate $100 million in revenue for the IT services company over the next decade.
Nokia Siemens Networks to lay off up to 5,700 workers to cut costs Tue Nov 3, 7:36 AM
HELSINKI, Finland - Nokia Siemens Networks says it will lay off up to 5,700 workers globally as part of a move to cut annual costs by C500 million (US$740 million).
Research In Motion shares drop more than 6.5 per cent after Citigroup report Mon Nov 2, 6:27 PM
TORONTO - Research In Motion Ltd. (TSX:RIM) shares were under pressure Monday as investors digested a Citigroup report that downgraded the company's stock to a "sell" rating and subsequently helped pull its stock down.
Bell to launch high-speed network Wednesday, a day ahead of Telus Mon Nov 2, 5:36 PM
MONTREAL - BCE Inc. (TSX:BCE) will launch its new, advanced wireless network on Wednesday, levelling the playing field on network capabilities between Bell, Telus (TSX:T) and Rogers (TSX:RCI.B).
Guest-tek Interactive going private in deal with president of company Fri Oct 30, 7:21 PM
CALGARY - Guest-tek Interactive Entertainment Ltd. (TSX:GTK), a provider of broadband technology for hotels, has signed a deal that will see the president of the company take the firm private.