2012Q3
Latest
Clearwire sees wholesale revenues dip, LTE delays as it posts a $41.3 million net loss in Q3
Clearwire's figures show that the network it isn't cool to love will be making placating faces at its bank manager for yet another quarter. It pulled in revenues of $313.9 million for the three month period, but with business costs (and depreciation) clocking in at $646.7 million, the company posted an operating loss of $332 million and a net loss of $41.3 million. If that wasn't bad enough, it's also hacked back a target to add TD-LTE to 5,000 sites before mid-2013 to just 2,000. A similar problem has occurred over at newly-minted majority owner Sprint, which has found itself a quarter behind its own LTE timetable thanks to parts shortages -- so let's hope the folks over at Softbank can help both companies improve their estimating skills.
Broadcom's 2012 Q3 sees $2.13 billion sales turn into a $220 million profit
If you need to borrow a couple of bucks to tide you over until payday, then the folks over at Broadcom should be feeling altruistic. The chip maker's latest financials show that it pulled in $2.13 billion turnover and a cool $220 million profit. While that's more than the $160 million it pulled in in the second quarter, it's a little off the $270 million it made in the same period last year. Given that the company's innovating with both 802.11ac chips and branching out into the wireless headphone business, they might even lend you some cash next month, too.
