Research firm NPD says total physical sales hit $1.16 billion last month, down 6 percent compared to the same period last year.
The industry has turned in its 10th month of lower year-over-year sales in the last year, according to NPD Group. Overall, sales in January came in at $1.16 billion, down 5 percent.
An industry trade group says semiconductor equipment makers posted a book-to-bill of ratio of 1.16, meaning orders were 16 percent higher than shipments for September.
EarthLink Network posted a first quarter loss of $4.6 million, or 15 cents per share, excluding charges related to a deal with Sprint, compared with a net loss of $6.4 million, or 28 cents a share, for the like quarter a year ago. Financial analysts expected the company to lose 22 cents per share, according to First Call. Quarterly revenue increased to $68.2 million from $29.8 million a year ago. The ISP added 155,000 customers during the quarter bringing its total to 1.16 million.