First quarter results are in for TiVo, and they’re not great: revenue is down 9% from the same quarter last year, forcing the company to report a hefty loss just a few months after recording their first year of profitability, ever.
Panasonic, the last sacred bastion of plasma TVs, is down $US4 billion for the year. Analysts thought it might lose a billion dollars. Other Japanese companies who’ve lost a bundle this year: Hitachi dropped $US8 billion into a black hole, NEC bled out $US3 billion, making Sony’s $US1 billion negative look positively awesome. [CNN]
Microsoft announced today that its quarterly revenue and earnings per share dropped in the quarter ending March 31st. It’s the first time in Microsoft’s history that they’ve failed to turn a profit.
Remember when Howard Stringer said that he “wasn’t recession proof” at this CES keynote? Yeah, he wasn’t joking. Sony is about to post its first loss in 14 years, and it’s a doozy.
