Technology Briefs - Jan. 20 - Jan. 26
The Latest Headlines:
- Allied Holdings Signs Deal With IBM
- Qualcomm’s Earnings Rise in Fiscal 1Q
- Minorplanet Cuts Expenses to Curb Loss
- Qualcomm’s Earnings Rise in Fiscal 1Q
Allied Holdings Signs Deal With IBM
Vehicle hauler Allied Holdings Inc. said it signed an agreement to have IBM manage Allied's information technology applications in the areas of network services, technical services and applications development and support.Allied said in a release this 10-year deal complements its decision in June 2001 for IBM to manage its mainframe and midrange computer operations.
The deal also provides for disaster recovery, allows for faster rotation of hardware and lowers overall information technology expenditures.
Qualcomm’s Earnings Rise in Fiscal 1Q
Wireless communications provider Qualcomm Inc. said last week its net income for the fiscal first quarter ended Dec. 28 was $352 million or 43 cents per share, compared with $242 million or 30 cents per share.The company said in a release it shipped about 10,900 OmniTracs communications and commercial-vehicle-tracking units in the quarter. Total revenues rose 13% to $1.2 billion.
"Our results for the first quarter of fiscal 2004 have exceeded our expectations by every measure," said Dr. Irwin Mark Jacobs, Qualcomm chairman and chief executive.
Qualcomm said it was expecting a net income between 34 cents and 37 cents a share for the second quarter. Transport Topics
Minorplanet Cuts Expenses to Curb Loss
Telematics services provider Minorplanet Systems USA said it slowed losses for the first quarter of fiscal 2004 by reining in operating expenses, but said revenue fell as lower-margin customers migrated to other networks because of the 2002 sale of its long-haul trucking assets.Telematics refers to the combination of communications and computing technologies within a single network.
For the three months ended Nov. 30, Minorplanet, of Richardson, Texas, posted a net loss of $3.3 million or 34 cents a share on revenue of $6.8 million. That compared with a net loss of $4.5 million or 46 cents a share on revenue of $13.6 million a year earlier, the company said in a release.
It also said said Jan. 15 it reduced costs by $3.8 million, or about one-third from last year’s levels, as part of an effort to put the company on a more positive financial footing. Transport Topics
