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laptop computers is driving strong sales for notebook computers, according to the latest quarterly sales figures from the research firm IDC, which reported a 37% computer sales for the second quarter, compared with a year earlier. In the U.S., laptop sales grew 17.7%, while sales of desktop computers and servers fell 4%. The New York Times ( 10), CNET ( 10)
Thinkpad Sears, Roebuck & Co., a U.S. icon of retailing, fourth quarter profit fell sharply compared to the same period a year ago, though it beat analysts estimates.If you would like to receive late breaking business news covered by AXcess News then you need to subscribe. By joining, you can stay ahead of the pack and receive the latest news in your email in-box first.
According to the indictment, Jones would steal various IBM and Penguin computer servers from Verisign's warehouse in Virginia and sell them to Johnson. Johnson would then sell the servers to several individuals, who would sometimes place them for sale on eBay. As a result of this scheme, the indictment alleges that Jones and Johnson caused Verisign to lose more than $120, 000 worth of computer equipment. In the indictment, Jones and Johnson are charged in three counts with causing the interstate transportation of stolen property, namely IBM 330 and 335 servers, in violation of 18 U.S.C.
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Laptop Computers Jan 27, 2005 (AXcess News) New York - Sears, Roebuck & Co.(NYSE: S), a U.S. icon of retailing, fourth quarter profit fell sharply compared to the same period a year ago, though it beat analysts estimates.
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Laptop Computer The company reported a fourth quarter profit of $378 million, or $1.76 a share, compared to $2.75 billion, or $10.84 a share, a year earlier.
Mitsubishi sales in Japan have fallen sharply since the company acknowledged that it had hidden defects in its vehicles for five years to avoid costly recalls. The automaker has also been hurt by offering too many loans to buyers in the United States with bad credit.Mitsubishi's announcement contrasted sharply with record profits posted by Japan's top three motor companies, Toyota, Nissan and Honda.
Desktop Computer Analysts had forecast earnings for the fourth quarter of $1.66, though Sears shares were down 4 cents Thursday in late morning trading after climbing 17 cents earlier.
Notebooks The year-ago quarter included a gain of $4.1 billion, or $10.38 per share, from the sale of its credit card business.
Lenovo The improved performance over analysts estimates for the fourth quarter were attributed to Sears' cost-cutting measures, said CEO Alan Lacy."Fourth quarter earnings and revenues met our expectations, with control of costs and expenses offsetting margin pressure," said Lacy. Advertisement
Hard Drive Costs and expenses were down 12.2% at $10.62 billion in the fourth quarter.
Travelstar Total revenue fell 8.4% to $11.23 billion compared with the 2003 fourth quarter, which included results from the credit card and National Tire and Battery businesses, which were sold in that quarter. The 2003 quarter also had 14 weeks, compared with 13 weeks in 2004.Sales at U.S. stores open for at least a year, a key measure of retail performance, were down 0.2%, dragged down by weak sales in December.
Gateway While the company has been on a decline for years, in November Sears agreed to a sale to Kmart (Nasdaq: KMRT) that will create the nation's third-largest retailer based on sales figures.
Laptop Parts Shares of Kmart were up $2.99 at $93.32 and Sears shares were up 22 cents at $50.12 at 11:32am ET Thursday. AXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking news. If you're not a member, consider joining now. Members get the latest business news, commentaries and stock picks delivered right to their in-box.
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