Feeds

NEC slashes profit forecasts by a third

Hit by chip glut and PC slowdown

  • alert
  • submit to reddit

Internet Security Threat Report 2014

The chip glut and PC sales slowdown has caused NEC to slash its annual earning forecast by a third.

It now expects to make profits of 60 billion yen ($516 million) for the year to 31 March instead of 90 billion yen. Sales are expected to hit 5.4 trillion yen, 1.8 per cent below earlier forecasts.

For the full year, semi-conductors and flat panel displays are forecast to earn it 70 billion yen ($602 million), down 42 per cent on earlier estimates.

At a press conference NEC's executive VP Shigeo Matsumoto said profits from DRAM will fall 40 billion yen ($344 million) short of previous forecasts and PC profit will be 24 billion ($206.4 million) yen below estimates. ®

Remote control for virtualized desktops

More from The Register

next story
BIG FAT Lies: Porky Pies about obesity
What really shortens lives? Reading this sort of crap in the papers
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.