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Nintendo has issued a press release, taking credit for the growth of the US console industry - despite falling sales.
Panasonic has announced massive losses this year which have forced the company to cut 15,000 jobs and close 27 manufacturing plants worldwide.
Woolworths - the much-loved and now sadly defunct high-street retailer - is to be resurrected as an online shopping brand by Shop Direct Group.
Despite showing excellent grown in many of its divisions - up to 27 percent year-on-year - AOL has announced that it is to let around ten percent of its workforce go.
Motorola has announced the closure of its Windows Mobile development centre in Florida, prompting speculation that it is ditching the platform in favour of Google's Android.
AMD has annouced that it is to cut CPU production to below demand, to create shortages and avoid a backlog of parts building up in the channel.
Microsoft disappointed investors yesterday with a below-expectations earnings report - and has embarked on a cost-cutting programme that will see 5,000 jobs eliminated.
AMD has sold its hand-held graphics division, which designed the Imageon range of graphics processors, to Qualcomm for $65 million.
Peripherals manufacturer Logitech has announced a poor fourth quarter, with income down a whopping 70 percent year-on-year - and it's looking to lose 600 jobs.
Intel has announced a massive 40 percent price cut on its top-end mainstream quad-core chip, in direct response to the launch of the Phenom II X4 series from rival AMD.
Investment from venture capitalists in IT-related companies dropped a massive 40 percent in the US last financial quarter, according to a new report.
In further proof that the tech sector is really feeling the credit crunch, Google has announced the closure of three engineering offices and is trimming its service offerings.
EA is rumoured to have shut down the Brisbane office of Pandemic Studios, which the company bought alongside BioWare in 2007.
Nvidia has announced that it is restating revenue expectations for the last financial quarter, and it's bad news: a drop of 50 percent is now expected.
Sony is expected to reveal that it has posted a loss for the first time in over 14 years - one of around $1 billion USD.
The One Laptop Per Child project, which aims to provide low- or no-cost laptops to children in developing nations, has announced jobs cuts as it struggles to stay afloat.
Intel has released Q4 earning figures ahead of its appearance at the Consumer Electronics Show which reveal a massive 23 percent drop in revenue.
Creative has revealed in a financial filing that it lost almost half its workforce during the last financial year as it struggled to compete in a competitive and shrinking marketplace.
Gizmondo, the ill fated mobile gaming platform, has missed a 2008 relaunch thanks to economic conditions.
Google has ditched the traditional cash bonus this Xmas in favour of giving all employees an Android-based G1 handset - which they can't resell, even if they already have one.
Western Digital has announced that it is in financial difficulties, and is to close two facilities and lay off around 2,500 workers along with other cost-cutting measures.
In a further effort to reduce losses, Midway has closed its Austin studio, cancelled some more games and culled its workforce by 25 percent.
The closure of Woolworths in the UK is set to cost Ubisoft more than £1.3 million apparently.
June 18 2021 | 12:30
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