SAN FRANCISCO (Reuters) – Qualcomm Inc’s (QCOM.O: Quote, Profile, Research, Stock Buzz) revenue outlook for the September quarter was below Wall Street’s expectations and its shares fell on Wednesday after the leading mobile chipmaker said it was having trouble collecting royalties from some manufacturers in China.
With smartphone shipments tapering off in wealthy markets such as the United States, attention has shifted to China, where a new high-speed 4G network is driving fresh demand for smartphones with leading-edge technology.
SAN FRANCISCO, July 22 (Reuters) – Broadcom Corp
said on Tuesday it is winding down its money-losing cellular
baseband chip business and cutting one-fifth of its total
workforce, instead of selling the unit.
Chief Executive Scott McGregor told analysts on a conference
call that after Broadcom said in early June it would exit
baseband and then tested the market for a possible sale, the
company decided to shut it down.
SAN FRANCISCO (Reuters) – Texas Instruments Inc said it expects higher third-quarter revenue following recently improved demand for chips used in cars, industrial equipment and communications gear.
Chief Financial Officer Kevin March said the company’s customers appeared to be holding lean inventories of chips, which should help maintain demand.
SAN FRANCISCO, July 21 (Reuters) – Texas Instruments Inc
said it expects higher third-quarter revenue following
recently improved demand for chips used in cars, industrial
equipment and communications gear.
Chief Financial Officer Kevin March said Texas Instruments’
customers appeared to be holding lean inventories of chips,
which should help maintain demand.
SAN FRANCISCO (Reuters) – Advanced Micro Devices Inc posted a net loss for the second quarter and gave a revenue forecast for the current quarter that missed expectations, sending its shares sharply lower.
AMD’s stock fell 15 percent in extended trade on Thursday after the company said it had a net loss of $36 million, or 5 cents a share, in the June quarter, compared with a loss of $74 million, or 10 cents a share, a year earlier. Excluding items, AMD earned 2 cents per share, compared with 3 cents expected by analysts.
SAN FRANCISCO, July 15 (Reuters) – Intel Corp
forecast third-quarter revenue above Wall Street’s expectations
and said it would return more cash to shareholders, signaling
that a shrinking personal computer industry may be stabilizing.
The chipmaker’s shares rose 3.9 percent in extended trade
after posting results. Intel said it increased its share buyback
program by $20 billion and plans to repurchase about $4 billion
of stock in the current quarter.
SAN FRANCISCO (Reuters) – Google Inc’s Nest Labs on Tuesday unveiled an industry group to encourage makers of “smart” home gadgets like locks and lightbulbs to use Thread, a new standard for devices to communicate on a network.
The attempt by Nest, a smart thermostat maker that Google bought in January for $3.2 billion, to lead the way on how household devices will speak to each other in the future underscores the importance placed by Google on cars, homes and other areas.
SAN FRANCISCO (Reuters) – San Diego and Bermuda have been short listed to host the 35th America’s Cup in 2017 while Chicago has been eliminated from consideration, the organization that runs the regatta said on Tuesday.
The America’s Cup Event Authority said in a news release it would work with the California city and the British Overseas Territory on logistics and commercial opportunities and announce its decision before year end.
SAN FRANCISCO, July 8 (Reuters) – Chip gear maker KLA-Tencor
Corp said on Tuesday its bookings in the fiscal fourth
quarter were close to $895 million or $900 million, higher than
expected and helped by demand from contract chip manufacturers.
KLA-Tencor said at an event with investors that in the
quarter, which ended in June, contract manufacturers, known as
foundries, accounted for two-thirds of its business.
SAN FRANCISCO, July 7 (Reuters) – Samsung Electronics
, Intel Corp and Dell have joined to
establish standard ways for household gadgets like thermostats
and light bulbs to talk to each other, at odds with a framework
backed by Qualcomm, LG Electronics and
The new Open Interconnect Consortium, like the
Qualcomm-supported AllSeen Alliance, aims to establish how smart
devices work together in a trend increasingly called the
Internet of Things.