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Vicon losses grow nearly tenfold

Vicon Industries Inc. of Hauppauge, a security-video-system maker, has reported deepening losses -- nearly 10 times its loss last year -- in part due to a $5 million payout in a patent-infringement legal settlement. Vicon lost $11.46 million on sales of $47.1 million in its fiscal year ending Sept. 11. That compared to last year's loss of $1.2 million on revenue of $48.6 million. In terms of earnings per diluted share, the company showed a loss of $2.55 per share, compared to a loss of $0.28 per diluted share last year. The company cut its workforce last year, and the lagging economy could lead to further layoffs in the 2012 fiscal year, Vicon said in its annual report issued Thursday. -- Joseph Mallia


Online shopping spikes

Shoppers apparently need only the briefest of breaks before diving back in, especially if they can log in to shop. IBM found that online shopping jumped 16.4 percent on Christmas Day over last year, and the dollar amount of purchases made using mobile devices leaped 172.9 percent. IBM tracks shopping at more than 500 websites other than, which is the largest. It found a huge increase in the number of shoppers making their purchases with iPhones, iPads and Android-powered mobile devices. Nearly 7 percent of online purchases were made using iPads, just 18 months after the tablet computers were released. -- AP


Sony ends LCD venture

Japan's Sony and South Korean rival Samsung are dissolving their joint venture in liquid crystal display television panels as Sony tries to stanch years of losses in its TV business. Samsung Electronics Co. will buy all of Sony's shares in the joint venture for about $935 million subject to a final agreement, Sony Corp. said Monday. The joint venture, called S-LCD, was set up in 2004. Sony, which fell behind in flat-panel TVs, invested in a Samsung panel factory to ensure a steady supply of panels for its LCD TVs. Sony's TV operation has lost money for seven straight years and the company is straining to return that key business to profit. The prices of TVs as well as panels have been dropping, so it makes more sense to buy panels than to invest in production. Sony, which makes Bravia TV sets, does not make its own LCD panels. -- AP

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