Featured Articles

Intel takes credit for three-way 4K gaming

Intel takes credit for three-way 4K gaming

All of a sudden Intel is talking about desktop gaming like there is no tomorrow and it is pushing it. The…

More...
Nvidia Shield Tablet 32GB 4G LTE out for pre orders

Nvidia Shield Tablet 32GB 4G LTE out for pre orders

Nvidia has finally revealed the shipping date of its Shield Tablet 32GB in 4G LTE flavour and in case you pre-order…

More...
Apple announces its Apple Watch

Apple announces its Apple Watch

Apple has finally unveiled its eagerly awaited smartwatch and surprisingly it has dropped the "i" from the brand, calling it simply…

More...
Skylake 14nm announced

Skylake 14nm announced

Kirk B. Skaugen, Senior Vice President General Manager, PC Client Group has showcased Skylake, Intel’s second generation 14nm architecture.

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 13 February 2013 11:56

Netgear warns of lower revenue

Written by Nick Farrell



Telcos are not buying


Network equipment maker Netgear has surprised analysts by predicting that its current-quarter revenue was below their expectations.

The company said that telecom service providers had cut spending and it forecast revenue of $290 million to $305 million for the first quarter. Analysts on average were looking for $317.6 million. Netgear bought a part of Canadian wireless communication equipment maker Sierra Wireless’s mobile broadband business for $100 million last month and it said it expected the first half of 2013 to be tempered by reduced spending from service providers.

The company's net income fell to $16.1 million in the fourth quarter in comparison with $22.8 million a year earlier. On the plus side, revenue rose marginally to $310.4 million. Shares of Netgear fell seven per cent after the announcement.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments