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News

• Growth of 4G devices boosts Telstra mobile revenue

  The number of 4G devices on Telstra’s mobile network has overtaken 3G for the first time, Telstra CEO David Thodey said as he reported results for the half-year ending 31 December.

• More customers flee Vodafone amid 'turnaround'

  Vodafone Hutchison Australia (VHA) CEO Bill Morrow said he expects customer losses to continue this year after 551,000 customers deserted the number three telco in the first half of this year.

• Optus satisfied with spectrum winnings in Digital Dividend auction

  Even if the price for spectrum in the 700MHz band had been set lower, Optus may still not have bought more than 10MHz of the 45MHz that was available in the Digital Dividend auction, according to Optus chief country officer, Kevin Russell.
  

• Turnbull blasts Labor over unsold spectrum in Digital Dividend

  Malcolm Turnbull has slammed the Labor government for not raising more money in the Digital Dividend auction.

• Microsoft's Q4 Earnings: Seven Facts Likely to Be Spun

  Microsoft will announce its fiscal 2010 earnings Thursday afternoon, and the pressure is on Redmond to deliver big numbers now that PCs sales have jumped this year, Windows 7 is the "fastest selling OS ever" and Office 2010 is generally available.

• EMC chief's pay drops 23 per cent to $9 million

  EMC CEO Joe Tucci was awarded a compensation package valued at $9 million in 2009, according to documents filed this week with the U.S. Securities and Exchange Commission.

• HP profit climbs 28 percent as company raises outlook again

  Hewlett-Packard's first-quarter profit increased by 28 percent from a year earlier as growth returned to some of its core businesses, prompting the company to raise its forecast for the fiscal year.

• IBM reports 10 percent jump in profit for Q4

  IBM on Tuesday reported a 10 percent jump in profit for the fourth quarter as revenue increased at the company for the first time in more than a year.

• Vodafone, dependent on voice, set for more cost cuts

  Despite increased profit in the first half of its fiscal year, Vodafone has decided to double its planned cost reductions, the operator said on Tuesday.

• Dell's net income, revenue drop for second quarter

  Dell on Thursday reported a drop in net income and revenue during the second fiscal quarter of 2010, but said it anticipates that the global economy will improve and IT spending will be strong in the second half of this year.

• Dell's net income, revenue drop for second quarter

  Dell on Thursday reported a drop in net income and revenue during the second fiscal quarter of 2010 compared to the same period last year, but said that it anticipates that the global economy will improve and IT spending will be strong in the second half of this year.

• Nintendo profits fall 61% as Wii sales slump

  A sharp fall in global sales of Nintendo's popular Wii console and a less dramatic slowdown in sales of the portable DS pushed down the company's sales and profits in the April to June quarter, the company said Thursday.

• IBM: Earnings rise, revenues fall, but growth ahead

  IBM on Thursday reported second-quarter earnings of US$2.32 per share, an 18 percent increase over last year, but said revenue fell 13 percent to $23.3 billion. Net income for Q2 rose 12 percent to $3.1 billion.

• Google's Q2 revenue climbs 3 percent

  Google reported second-quarter revenue on Thursday of $US5.52 billion, a modest 3 percent increase from a year earlier but still ahead of analyst estimates.

• Software sales drop, but Oracle beats expectations

  Oracle reported a 13 percent dip in new software sales Tuesday, but posted quarterly financial results that were ahead of analyst expectations.