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THQ Gains On UFC Title

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Agoura Hills-based THQ has swung back into the black, saying Tuesday evening that it had net income of $6.4M for its fiscal first quarter, on the strength of the firm's new UFC 2009 Undisputed title. on sales of $243.5M The positive results compared with a loss of $27.2M and sales of $137.6M last year for the same quarter. READ MORE>>.

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Power-One Chops Another 300 Workers

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The revelation came as part of the firm's Q2 2009 results, when the firm said it had net sales of $91.2M, a 39% decrease from the $149.3M Tags: power-one power supply employment jobs layoff. The firm said the cuts bring the company's reduction in headcount to 1300, or 29 percent of its staff. in sales it had in Q2 of 2008.

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Broadcom To Lay Off 200

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The move came after the firm reported net revenues of $1.127 billion for the third quarter of 2008. The results for the year were actually up 23.3%, to $4.658 billion, however the firm said that the it expects a slowdown in the economy will negatively impact the firm's business in the first quarter of 2009. READ MORE>>.

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