ThaiFloods
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Fujitsu slashes profit target by 42 percent, blames Thai floods
NEC revealed its financial woes to the world yesterday and now Fujitsu is doing the same. The Japanese computer giant originally expected to make ¥60 billion ($790 million) in the fiscal year ending March 31st, but its latest estimate suggests ¥35 billion ($460 million) may be closer to the mark. Whereas NEC admitted there'd been a fall in demand for its products, Fujitsu has so far put the blame squarely on the recent flooding in Thailand, which hit PC sales by disrupting supplies of HDDs.
Sony Ericsson swallows $317 million pre-tax loss as end draws near
Sony Ericsson's tearful breakup continues with more woe as as the venture had to eat a pre-tax loss of €247 million (roughly $317 million). Bosses cited "unfavorable macro-economic conditions" and the Thai flooding as the reasons for the loss. Ericsson probably won't mind having such an unfavorable penultimate quarter with the company, given that it's set to receive €1.05 billion (around $1.9 billion) when Sony buys out its share of the joint telecoms business within the next month.
Sony starts making NEX and SLT cameras again, following Thai floods
DPReview reports that Sony has resumed production of its SLT and NEX cameras, which may include the NEX-7 and A65 cameras, after two of its three main manufacturing plants in Thailand were hit by extreme floods nearly a month ago. The impact was enough to make a sizable dent in the company's financial outlook and force it to establish a new plant further south in the country. There's apparently still no confirmation of when products will start shipping, but as long as the conveyor belts are rolling and people are back in employment, we're not complaining.
