SAN FRANCISCO, Nov 23 (Reuters) – Microchip maker Analog
Devices Inc <ADI.N> on Monday reported higher-than-expected
quarterly sales buoyed by consumer demand and forecast higher
profit margins and busier factories by the end of fiscal 2010.
Analog Devices’ Chief Financial Officer, David Zinsner,
told Reuters that the company has focused heavily on cost cuts,
excising two of four manufacturing facilities from its books,
and pushing efficiency to cut operating costs.
SAN FRANCISCO, Nov 20 (Reuters) – Brocade Communications
Systems Inc <BRCD.O> has pushed its fourth-quarter earnings
release to three hours after the close of market on Monday, an
unusual move that surprised some analysts and investors.
Most large technology companies report their results and
hold their conference calls on the same day.
Twitter’s been making a lot of changes lately. They’ve introduced new technologies like lists — which is kind of like a friend filter on Facebook — and a new way to share one another’s Tweets.Usage on the company’s website has taken off like a rocket, up 1,703 percent year-over-year in September, and that doesn’t even count people who access the service through text messaging or specialized applications on their smartphones or computers.But today was perhaps the most radical change of all. Twitter changed its cosmically deep and evocative signature query, “What are you doing?”Now, Twitter wants to know, “What’s happening?”No, it’s not an homage to the ’70s TV show by the same name.Instead, as company co-founder Biz Stone explained in a post on the company’s blog on Thursday, Twitter wanted to re-invoke its vision of a “mobile status update.” And while this all may seem silly to some, Stone wrote that it is an attempt to recognize the larger importance of the Tweeters and their interactions.
Sure, someone in San Francisco may be answering “What are you doing?” with “Enjoying an excellent cup of coffee,” at this very moment. However, a birds-eye view of Twitter reveals that it’s not exclusively about these personal musings. Between those cups of coffee, people are witnessing accidents, organizing events, sharing links, breaking news, reporting stuff their dad says, and so much more.
It probably won’t change Twitter, Stone says, but at the very least it might make the service easier to explain to your parents.
BARCELONA/SAN FRANCISCO (Reuters) – Chip stocks fell on Thursday after Bank of America Merrill Lynch downgraded the sector on a possible inventory correction, although two of Europe’s top chipmakers were upbeat about recovery prospects.
BofA Merrill Lynch lowered its 2010 growth forecast for the global semiconductor industry and downgraded 10 chipmakers, including Intel Corp <INTC.O>, turning more cautious on the group on expectations of a modest overshoot in global supply chain inventories.
SAN FRANCISCO (Reuters) – Advanced Micro Devices Inc <AMD.N>, riding on a $1.25 billion payment from Intel Corp <INTC.O> to settle their disputes, plans to buy back up to $1.4 billion of debt to improve its risk profile.
Shares of AMD rose 8.91 percent on the news, which came about a week after the chip maker announced a settlement with larger rival Intel on all their outstanding legal battles.
SAN FRANCISCO, Nov 17 (Reuters) – The road to recovery for
semiconductors could lead to China.
KPMG, a United States-based audit, tax and advisory firm,
said a new survey of semiconductor executives pointed to China
as the most important market for revenue growth in the next
three years, followed by the U.S. and Taiwan.
SAN FRANCISCO, Nov 17 (Reuters) – Autodesk Inc <ADSK.O>
gave a fourth-quarter earnings outlook on Tuesday that was
lower than Wall Street expectations, and the software maker
said that its recovery could be hindered by continued job
losses in its core markets.
“Economies may be recovering in terms of GDP, but jobs are
still being lost and that is a key component to Autodesk’s
recovery,” Chief Executive Carl Bass said on the company’s
quarterly conference call.
SAN FRANCISCO, Nov 17 (Reuters) – Autodesk Inc’s <ADSK.O>
outlook missed Wall Street expectations and the software maker
said on Tuesday that its recovery could be hindered by
continued job losses in its core markets, sending its shares
down 9.3 percent.
The company, which makes the AutoCAD design software for
architects and designers, posted a third-quarter profit that
beat analysts’ expectations, but its fourth-quarter outlook
disappointed Wall Street.
SANTA CLARA, California (Reuters) – Intel Corp’s <INTC.O> chief financial officer said the chipmaker is on track to meet its fourth-quarter outlook and said a recovery in corporate spending on PCs could happen in the next 18 months.
“I think the ingredients are being put in place that will lead to a PC refresh cycle in large enterprises,” Stacy Smith told Reuters on Friday, adding that when the buying starts, it tends to include a lot of demand.