HTC confirms Q3 loss

first_img HTC revealed its anticipated loss for the third quarter of 2013, as the troubled smartphone maker failed to reverse a business which has been slowing for some time.While the company has seen its profits and sales fall in previous quarters, it is still the first time it has actually reported a negative bottom line.For Q3, the company reported a net loss of TWD2.97 billion ($101.2 million), on revenue of TWD47.05 billion. This compares with a Q3 2012 profit of TWD3.9 billion on revenue of TWD70.2 billon.A minor positive came in the fact that its September 2013 sales of TWD18.15 billion was up 37.8 per cent over the previous month, ending several months of sequential declines.HTC had already said that there would be red ink in Q3, as it looks to clear its inventory of old products ahead of the introduction of new smartphones.The company is currently in the midst of refreshing its mid-tier product line, having lost share to a raft of competitors in this increasingly tough segment.It is also making job cuts, as it looks to better match its cost base to its falling sales.According to Reuters, the new numbers are “adding to the case for the troubled smartphone maker to abandon its prized independence and reach out for a white knight soon”.Previous reports have suggested that the company’s current low valuation may make it appealing to potential suitors, which could include those looking at HTC “to help them gain technological know-how and a still well-regarded and recognised brand”.So far, no comments have come from the Taiwanese company, which indicate it is mulling a change of strategy. Cher Wang, its chairwoman, has been supportive of Peter Chou, HTC’s CEO, following criticism from the financial community.Last week, HTC announced the sale of its 25 per cent stake in headphones maker Beats Electronics. Devices Steve works across all of Mobile World Live’s channels and played a lead role in the launch and ongoing success of our apps and devices services. He has been a journalist…More Read more AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 04 OCT 2013 Tags Author Previous ArticleEU roaming: a race to the bottom?Next ArticleBBM for Android and iOS in beta – again Relatedcenter_img HTC posts another loss despite launches Steve Costello Home HTC confirms Q3 loss HTC readies Vive Pro 2 VR headset Wang stages comeback as HTC chief Maitre resigns FinancialHTClast_img read more

REpower wins 350 MW wind contract from EDF EN Canada

first_img Linkedin Facebook By chloecox – Twitter Facebook TAGSEDF Installation of the current contract will take place in two phases. The first 150 MW will be installed in 2013, with the remaining 150 MW being installed in December 2014. REpower has won a contract from EDF EN Canada for 350 MW of wind power generation, marking the biggest contract in company history for REpower. 1.31.2013 RELATED ARTICLESMORE FROM AUTHOR Earlier this month, EDF EN brought 300 MW of wind farms online in Quebec as part of a program to increase its installed capacity in the province to more than 1 GW by the end of 2015. CPV says it has developed 400+ MW of renewable capacity on former coal mines center_img Read more contracts and projects news Linkedin No posts to display REpower will provide 175 2 MW MM82 and MM92 turbines to EDF EN, which will go to the Riviere du Moulin wind farm in the Lac Pikauba and Ministuk territories. The deal is part of a 954 MW supply agreement between the companies, which was made in 2009. The agreement, which also included blade manufacturer LM Wind Power, comprised delivery of up to 954 MW or blades for up to 477 wind turbines for five wind projects in Quebec, Canada. Southern Power acquiring 118-MW Oklahoma wind project developed by Vestas’ NA unit Renewable project management firm Bradley acquired by Bureau Veritas Twitter REpower wins 350 MW wind contract from EDF EN Canada Previous articleGE to service natural gas-fired turbines in ChinaNext articleGE introduces wind turbine for low wind speeds chloecox RenewablesNew ProjectsWindlast_img read more

90,000 Homes To Be Powered By Chicken Manure

first_imgAddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMoreThe world’s largest biomass power plant running exclusively on chicken manure has opened in the Netherlands, converting one-third of all chicken manure residue there into green energy. The power plant will deliver renewable electricity to 90,000 households. (Environmental News Network) AddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to EmailEmailEmailShare to RedditRedditRedditShare to MoreAddThisMorelast_img read more

Canyon bicycles coming to America, direct to consumer

first_imgWe’ve heard rumors floating around for a long time now, but Canyon has finally made it official. From next spring 2017, they will bring their direct sales model to consumers in the United States. Cyclists in the states have been eyeing Canyon’s premier road and trail offerings for several years, with promises of competitive pricing. Now with a flurry of other big brands bringing consumer-direct sales options to American bike buyers, it seems that now is the time…all photos courtesy of CanyonIt hasn’t been an easy step for Canyon, as moving into the huge US market means going head-to-head with a lot of big companies. With Trek and Giant having recently announced Direct to Consumer web sales, the online bike marketplace is blowing up to join Bulls Bikes, Canfield Brothers, YT Industries, Mongoose, and many more. Getting into the US market also means needing to be prepared to ramp up production to meet the expected demand, and dealing with a whole other legal and liability framework. Canyon seems to have even had a few hiccups when they expanded Down Under before they had their expanded production up and running, but says that they’ve learned a lot from moving out of Europe, and this knowledge has built a foundation for their expansion to the States.To make the move work Canyon has teamed up with TSG Consumer Partners, a big US private equity firm, that will bring with them the funding to deal with the growth. As a part of the deal TSG is said to become a minority owner in Canyon. That added capital is what allowed Canyon to more than quadruple their production last fall.Canyon has laid out  a rough timeline to have a USA-targeted website up and running at the start of 2017, and is working now to set up a dedicated customer support and tech service center in the US. Bikes destined for the American market will still be built-up in their recently updated Koblenz, Germany headquarter from Taiwanese frames, and then delivered to the US. Just back in October 2015 Canyon opened up the new modernized production facility in Koblenz, with ample reserve capacity, and has seen record outputs ever since.Buyers in the US will be able to expect delivery in 2-6 weeks from online order, with some bikes being shipped from US warehousing and some direct from Germany. Like all of their bikes now, US-delivered Canyons will come almost fully assembled (usually just requiring the stem and handlebar to be rotated and torqued into place), with final assembly easy to do by any home mechanic.Canyon.comlast_img read more