Sony has been hit pretty hard this past year, which is finally evident in their financial forecast. The company has modified its forecast for its financial losses for the fiscal year, raising it to $1.2 billion dollars.
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LG Posts Financial Losses for Q3 2011
On par with the negative economic news being released by other tech companies, LG has posted a dismal earnings report for Q3 of 2011.
Read More »Analysts Expect Nintendo to Announce Huge Loss in Profits
After a dismal year of sales, analysts are expecting Nintendo to announce greater-than-expected losses tomorrow.
Read More »Netflix Loses 800,000 Customers Over Price Hike, Stocks Drop 35%
Today, Netflix announced that they've lost over 800,000 subscribers in the past quarter, and that they expect to lose even more before the end of the year.
Read More »XM-Sirius Will Most Likely File For Bankruptcy
The New York Times tends to be a pretty reputable news source. So when I read last night that XM-Sirius Satellite Radio is probably going to file for bankruptcy, I felt like absolute shit. Why? Because I recently bought some shares of the company hoping it’d recover by 2011. Apparently CEO Mel Karmazin just can’t get the company to turn ...
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