News Roundup: Tech companies face clouded future

High-tech companies have little good news to report this earnings season, as the industry slump drags on - with a few bright spots
Written by ZDNet UK, Contributor
Invensys sheds 6,000 jobs
Monday 30th July Tech gloom continues as the owner of Baan announces a 7.5 percent cut in its workforce JDS Uniphase reports record loss
Friday 27th July 2001 World's top supplier of fibre-optic components reports losses of $50.6bn and increases job cuts to 16,000 VeriSign writes down $10bn from NSI acquisition
Friday 27th July Despite a four-fold increase in net income, the plunging valuation of Network Solutions' stock price brings Verisign's loss to $10bn Sportingbet buys US online bookmaker
Friday 27th July Sportingbet.com has raised its global profile, buying US Internet sports bookmaker SportsBook for an initial £35.9m in cash, loan notes and shares RealNetworks cuts staff
Friday 27th July First round of layoffs for media streaming company as it battens down the hatches to weather economic storm Infineon to cut jobs in savings drive
Friday 27th July After announcing an operating loss, Infineon is to reduce its workforce to cut costs NTL cuts jobs despite improved earnings
Friday 27th July Cable company is to shed more jobs to cut costs despite strong second quarter revenues Layoffs erode support for the 'HP Way'
Friday 27th July New round of job cuts could taint the cost-cutting work already done by magnanimous HP employees, who have already saved millions Scoot agrees European rescue deal
Friday 27th July UK information service will sell its stake in Scoot Europe to backer Vivendi Universal, is in talks over bridge financing BT may axe 6,000 jobs
Friday 27th July Ignite corporate data business likely to be hit with 1,500 job cuts as profits slump - but BT is now Europe's best-performing telecoms stock Compaq hits lowered targets amid slump
Thursday 26th July Compaq set to slash even more jobs in its quest to regain market stability Autonomy says visibility improving
Thursday 26th July UK former high-flyer just manages to hit financial targets for second quarter Ntl nears one million digital TV subscribers
Thursday 26th July UK's largest cable company sees a brighter future ahead after reporting a rise in revenues Sony's earnings slide
Thursday 26th July PlayStation2 sales and the recall of mobile phones have hit the Japanese electronics giant's earnings in the last quarter Shareholder revolt forces Vodafone to review bosses' pay
Wednesday 25th July Complaints of executive greed have forced the UK's largest network operator to consider changing its boardroom bonus scheme Siemens posts operating loss
Wednesday 25th July The telecoms sector downturn hits the German firm hard despite strong results in other sectors StepStone may need more cash
Wednesday 25th July European online recruitment site says it can make profits next year, but may run out of reserves first Wall Street boos Amazon's juggling act
Wednesday 25th July Analysts take a dim view of Amazon's latest losses and growth expectations Mobile Internet and Bluetooth boost Parthus
Tuesday 24th July Chip designer benefits from 'feverish' chip makers' research budgets Thousands of jobs to go at Lucent
Tuesday 24th July Losses result in large cuts in workforce for telecommunication equipment manufacturer Texas Instruments sees losses ahead
Tuesday 24th July TI has been hit by falling revenue, which will probably get worse in the next quarter. Its wireless chip division is relying on GPRS and 3G to be successful CA beats estimates, raises outlook
Tuesday 24th July Computer Associates's management gets a boost in its battle against the Texan entrepreneur that would take over the board European chip makers see no recovery in 2001
Tuesday 24th July The outlook for semiconductor makers appears bleak in the short term, although ARM's profits rise Customer growth cuts Egg's losses
Tuesday 24th July Pioneer Internet bank Egg has reported a narrowed loss for the first half of this year, putting it on track to break even in the fourth quarter AOL invests $100m in Amazon
Tuesday 24th July Cross-promotional deal to combine Shop@AOL with Amazon's e-commerce tools See techTrader for the latest technology business news. Have your say instantly, and see what others have said. Click on the TalkBack button and go to the techTrader forum Let the editors know what you think in the Mailroom. And read other letters. Click for more in-depth coverage at the ZDNet UK News Specials page.
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