Featured Articles

AMD Never Settle Forever bundle hits 200-series cards

AMD Never Settle Forever bundle hits 200-series cards

AMD’s Never Settle bundles have been around for a while and the community response has been extremely positive. When AMD launched…

More...
AMD shipping Beema APUs

AMD shipping Beema APUs

According to Lisa Su, SVP & GM, Global Business Units at AMD, Beema notebook parts have started shipping to manufacturers last…

More...
IHS teardown reveals Galaxy S5 BOM

IHS teardown reveals Galaxy S5 BOM

Research firm IHS got hold of Samsung’s new flagship smartphone and took it apart to the last bolt to figure out…

More...
Galaxy S5, HTC One M8 available selling well

Galaxy S5, HTC One M8 available selling well

Samsung’s Galaxy S5 has finally gone on sale and it can be yours for €699, which is quite a lot of…

More...
KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 gained a lot of overclocking experience with the GTX 780 Hall of Fame (HOF), which we had a chance to…

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

To be able to post comments please log-in with Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments