Coleman Research Group’s Technology, Media & Telecom Group facilitates consultations between our clients (institutional investors) and leading technology professionals on a wide variety of topics including semiconductors, data storage and security, computer hardware and software, satellite system operators, telecom equipment, cable and wireless providers, and advertising spending.
Our TMT network spans technology industries across the globe and includes CTOs, CIOs, marketing and business development executives, engineers, buyers, and resellers.
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Tech: Down, but definitely not out
March 29, 2009
NEW YORK (CNNMoney.com) -- Big tech firms from IBM to Microsoft reported less-than-stellar financial results this week -- but there were pockets of optimism and most companies expect the end of 2009 to look much brighter.
The quarterly numbers were expected to be rotten, especially coming in the midst of a deep recession, and they were. Microsoft's sales fell for the first time in the company's history as a public company, Apple's Mac sales fell for the first time in five years, and Yahoo announced it would cut 5% of its workforce. IBM (IBM, Fortune 500) reported a decline in its quarterly revenue and profit on the same day that rival Oracle scooped up once-coveted Sun Microsystems for $7.4 billion.
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Amazon sales surge as Kindle takes off
March 29, 2009
SAN FRANCISCO (Reuters) -- Amazon.com on Thursday beat Wall Street expectations for first-quarter earnings and sales as it drew more customers online and its Kindle electronic reader gained momentum.
Its shares rose 2% in after-hours trading.
The global online retailer, which sells everything from books to auto parts on the Internet, increased revenue an unexpectedly strong 18% in a sluggish global economy, which some analysts attributed to successful promotions.
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