Hewlett-Packard to Launch Smartphone in 2011

Hewlett-Packard (HPQ) will enter the smartphone market in early 2011 using the webOS software it acquired as part of its $1.2 billion purchase of Palm.

“You will see us coming early next year with new phones,” Senior Vice President Eric Cador said, according to Reuters.

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Candor described the webOS software as “fundamental” to the purchase of Palm, a pioneer in hand-held devices.

HP,…

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Hewlett-Packard to Launch Smartphone in 2011 originally appeared on DailyFinance on Wed, 06 Oct 2010 07:27:00.

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HTC Profit Almost Doubles on Smartphone Sales

Phone manufacturer HTC Corp. (HTCXF) almost doubled quarterly profited as demand for smartphones surged.

Third-quarter profit jumped to NT$11.1 billion ($360 million) from NT$5.7 billion a year earlier, Bloomberg News reported. The Taiwanese company easily beat the NT$9.2 billion forecast by analysts surveyed by Bloomberg.

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Sales more than doubled from the third quarter of 2009, as…

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HTC Profit Almost Doubles on Smartphone Sales originally appeared on DailyFinance on Wed, 06 Oct 2010 06:45:00.

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Costco Earnings Rise on Overseas Strength

Costco

Costco Wholesale Corp (COST) reported earnings of 97 cents per diluted share for the quarter ended Aug. 29, compared with 85 cents per diluted share a year earlier.

Net sales rose to $23.59 billion, from $21.89 billion a year earlier, the company said in a statement. Comparable sales rose 6% from a year earlier, driven by strong international growth.

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Earnings for the full year were…

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Costco Earnings Rise on Overseas Strength originally appeared on DailyFinance on Wed, 06 Oct 2010 06:29:00.

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