U.S. retailers crossed a historic new threshold over Thanksgiving weekend as consumers set new records for e-commerce activity and embraced mobile shopping like never before. The record-breaking $5.03 billion spent online on Black Friday -- a 17 percent increase from a year ago -- was in line with expectations. Consumers spent about $43.42 billion on e-commerce holiday shopping fro...
Samsung reported a steep drop in Q3 profits with the release of its quarterly earnings report. Profits fell 44.4 percent compared with a year earlier -- a number that, not surprisingly, sent the company's share price tumbling by 14 percent. Although some product lines performed respectably -- mobile...
Shares of memory chip maker SanDisk plummeted nearly 31 percent to $9.91 per share after the bell on the news that Samsung has dropped its offer to acquire the troubled semiconductor company. Samsung first made its $26 per share offer six months ago in a letter to SanDisk's board of directors, which...
Memory chip maker SanDisk announced Monday it will sell a large chunk of its business to Toshiba for about $1 billion. The deal comes at a time when the market for memory chips faces severe oversupply. This is "a multiyear partnership and reflects a couple of different joint ventures," said Ryan Don...
What do Metallica and SanDisk have in common? For both, the memory remains. The metal band was singing about faded rock stars trapped in their glory days. The data storage company, however, is hoping that music-filled 1GB microSD memory cards will lure in consumers who fondly remember when their fav...
Korean consumer electronics giant Samsung has launched a $5.85 billion hostile takeover bid of flash memory chipmaker SanDisk. News of the all-cash offer for SanDisk caused shares of the Milpitas, Calif.-based company to skyrocket more than 40 percent in early morning trading. SanDisk, which rebuffe...
Japan-based Toshiba reported a 95 percent drop in profit in the January-March fiscal fourth quarter, blaming its loss in the high-definition format war that pitted its HD DVD format against Sony's Blu-ray. Toshiba reported a profit of about $12 million for the quarter, compared with approximately $2...
Semiconductor giant Intel has lowered its profitability forecast, sending stock prices tumbling across the board. The company cut its first-quarter gross margin forecast from 56 percent to 54 percent "due to lower than expected prices for NAND flash memory chips," Intel said. All other expectations ...
Prior to Tuesday, there were still a few investors optimistic that tech stocks would remain the proverbial safe haven. It was a reasonable stance, given that the focus of responsibility for the mounting economic troubles in the U.S. has been the housing market. Then Apple -- which routinely surpasse...
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Discard in trash
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