Featured Articles

5th Generation Broadwell 14nm family comes in three lines

5th Generation Broadwell 14nm family comes in three lines

Intel's 5th Core processor family, codenamed Broadwell, will launch in three lines for the mobile segment. We are talking about upcoming…

More...
Broadwell Chromebooks coming in late Q1 2015

Broadwell Chromebooks coming in late Q1 2015

Google's Chromebook OS should be updating automatically every six weeks, but Intel doesn't come close with its hardware refresh schedule.

More...
New round of Nexus phone rumour kicks off

New round of Nexus phone rumour kicks off

Rumours involving upcoming Nexus devices are nothing uncommon, but this year there is a fair bit of confusion, especially on the…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

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