Sony Mobile to SLASH 1000 Jobs and 3 Morning Hot Stocks Turning Heads
Hewlett-Packard’s (NYSE:HPQ) Meg Whitman clearly plumps for volumes (read: match pricing by rivals such as Lenovo) rather than fat margins (e.g. Dell). Announces intentions to shutter some small businesses and to revamp sales infrastructure at Autonomy. On new products she announces plans to launch two notebook-cum-tablet hybrids. Red flag: China is currently a weak market for H-P owing to a slowdown and restructuring of distribution channels.
LG Display (NYSE:LPL) commences manufacturing of in-cell touch enabled screen displays and excites speculation that these could find application in the next iPhone (NASDAQ:AAPL). These screens have in-built touch sensors that do away with the need a separate touch-screen layer, reducing device bulk.
Sony Mobile Communications (NYSE:SNE) confirms that it will cut 1,000 jobs by March next year as part of a major restructuring aimed at reducing costs to return to profitability. Another 650 jobs are to be cut after it moves its headquarters out of Lund in Sweden to Tokyo. The Lund office will be responsible for developing software and applications.
JinkoSolar (NYSE:JKS) reports second quarter EPS of -$0.59 which beats expectations by $0.76. Revenues are in line at $194.9 million, though down 45.4 percent y-on-y.
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