SAN FRANCISCO, Feb 18 (Reuters) – Ingram Micro Inc <IM.N>
reported better-than-expected results after corporate IT
spending bounced back, but lower-than-forecast margins worried
investors and helped its shares slide 1.5 percent.
The world’s top distributor of tech products from personal
computers to microchips said gross margins slid to 5.69
percent, below Wall Street expectations of 5.75 percent, as
competition with rivals intensified.
SAN FRANCISCO, Feb 17 (Reuters) – Nvidia Corp <NVDA.O> on
Wednesday reported a quarterly profit that beat forecasts on
strong demand for PCs using its graphics chips, though revenue
was slightly below Wall Street’s most bullish expectations.
The chipmaker said revenue more than doubled to $982.5
million in its fiscal fourth quarter ended Jan. 1. While that
was above the average estimate of $957.2 million, some had
expected revenue to surpass $1 billion.
The world’s No. 1 social networking website is developing a new text-only application called “Zero,” designed to reduce strain on mobile networks.
Facebook spokesman Larry Yu said the company was discussing the new product at the Mobile World Congress in Barcelona as a new way “…to make Facebook on the mobile web available to everyone, anywhere and allow operators to encourage more mobile Internet usage.”
How about iPhoneworld?
Ever since Apple last year said it would pull out of the Macworld Expo — the annual gathering of Apple-minded geeks and nerds from across the globe — there has been an undercurrent of curiosity: Will the show survive? Is it Macworld without Apple?
For iPhone application developers, the answer is a resounding yes.
This year, organizer IDG World Expo created a special Mobile Applications Showcase area with booths about the size of a cocktail table, and four apps per table.
BOSTON/SAN FRANCISCO, Feb 11 (Reuters) – Iran’s government
has stepped up efforts to censor the Internet, blocking access
to popular sites, according to the U.S. State Department.
Google Inc <GOOG.O> has identified itself as one of the
companies whose site has been blocked. The company has also
faced off with China recently over Web censorship.
SAN FRANCISCO (Reuters) – Palm Inc is suspending production of its smartphones for the Chinese New Year, as all of them are made in China, but it will resume operations by the end of the month, a source told Reuters on Thursday.
The source confirmed parts of a report from industry tracker OTR Global that Palm has suspended production of its namesake smartphone, although not for the entire month of February as the OTR report said.
SAN FRANCISCO/WASHINGTON (Reuters) – Google Inc plans to build a super-fast Internet network for up to half a million people, a project that could pressure telecommunications companies to loosen their control of Web access in the United States.
The Internet company has locked horns with the likes of AT&T Inc and Verizon Communications Inc over the issue of net neutrality: Google wants telephone companies to permit consumers to run any Web application they want, while carriers do not want to lose control of networks they have invested billions of dollars to build.
SAN FRANCISCO (Reuters) – When Apple Inc unveiled its iPad last month, one crucial detail almost got drowned out in the hoopla: the new tablet computer will be powered by an in-house chip called the A4.
While Apple likely will not market the chip publicly, analysts say the new processor underscores how rival chip designs may eventually win out over Intel Corp’s designs in the emergent hot category of mobile devices like smartphones and tablets.
SAN FRANCISCO, Jan 27 (Reuters) – LSI Corp <LSI.N> reported
better-than-expected results but offered a first-quarter
outlook that matched Wall Street forecasts, disappointing
investors hoping for signs of a faster recovery in 2010.
Its shares slid as much as 7 percent after hours on
Wednesday, following a 4.5 percent gain during regular
SAN FRANCISCO, Jan 26 (Reuters) – Programmable chipmaker
Altera Corp <ALTR.O> reported better-than-expected results
thanks to sales in newer markets such as China and improving
consumer demand, sending its shares 5.6 percent higher.
Analysts say Altera and rival Xilinx Inc <XLNX.O> are
benefiting as the two company’s programmable chips find their
way into more technologies.