SAN FRANCISCO (Reuters) – PC chipmaker Advanced Micro Devices said it will cut its workforce by 15 percent in a bid to reduce operating expenses, its second round of layoffs in less than a year as it struggles with a weak global economy and a consumer shift toward tablets.

The chipmaker, with a staff of nearly 12,000, said in a statement it expects its restructuring actions, which will also include site consolidations, to result in operational savings of $190 million next year. It expects to record a restructuring expense in the fourth quarter of about $80 million.

SAN FRANCISCO, Oct 16 (Reuters) – Intel’s weak outlook for
fourth-quarter revenue and margins dispelled lingering hopes for
a revival in PC demand towards the end of the year, pushing its
shares lower.

The company’s quarterly report on Tuesday followed a warning
by the top chipmaker in September that demand was weaker than
expected and that revenue would fall far short of its forecast.

SAN FRANCISCO (Reuters) – Intel forecast gross margins for the current quarter below expectations in a PC industry fighting a weak global economy and a shift by consumers toward tablets and smartphones.

Intel’s third-quarter report on Tuesday followed a warning by the top chipmaker in September that demand was weaker than expected and that revenue would fall far short of its forecast.

SAN FRANCISCO (Reuters) – As tablets and smartphones draw more and more users away from PCs, Intel Corp is facing some difficult questions.

Intel, the world’s leading chipmaker, is used to being king of the personal computer market, particularly through its historic “Wintel” alliance with Microsoft Corp (MSFT.O: Quote, Profile, Research), which led to breathtakingly high profit margins and an 80 percent market share.

SAN FRANCISCO (Reuters) – As tablets and smartphones draw more and more users away from PCs, Intel Corp is facing some difficult questions.

Intel, the world’s leading chipmaker, is used to being king of the personal computer market, particularly through its historic “Wintel” alliance with Microsoft Corp, which led to breathtakingly high profit margins and an 80 percent market share.

SAN FRANCISCO (Reuters) – Micron Technology’s chief executive said he expects to complete an acquisition of failed Japanese memory chipmaker Elpida Memory Inc. in the first half of next year, despite opposition from a group of bondholders.

Micron agreed in early July to buy Elpida for about $750 million in cash and pay creditors a total of $1.75 billion in annual installments through 2019.

SAN FRANCISCO, Oct 11 (Reuters) – Chipmaker Advanced Micro
Devices Inc said its third-quarter revenue likely fell
10 percent from the previous quarter as a weak global economy
and growing preference for tablets slams the PC industry.

AMD’s pre-announcement is the latest warning about the
troubled PC industry. It follows Intel’s warning in September
that its quarterly revenue would be much lower than expected.

SAN FRANCISCO, Oct 4 (Reuters) – Oracle Corp has
all the pieces it needs to compete in cloud computing but is
always interested in looking at compelling M&A opportunities,
Chief Financial Officer Safra Catz told investors.

Speaking at Oracle’s annual investor day on Thursday, Catz
said Oracle is now a one-stop shop for companies moving to cloud
computing, while rivals like Amazon.com and
Salesforce.com each offer some but not all of the
necessary components.

SAN FRANCISCO (Reuters) – Oracle Corp has all the pieces it needs to compete in cloud computing but is always interested in looking at compelling M&A opportunities, Chief Financial Officer Safra Catz told investors.

Speaking at Oracle’s annual investor day on Thursday, Catz said Oracle is now a one-stop shop for companies moving to cloud computing, while rivals like Amazon.com and Salesforce.com each offer some but not all of the necessary components.

Oct 3 (Reuters) – Applied Materials Inc said it
would cut its workforce by between 6 percent and 9 percent to
reduce costs as it struggles with a slowdown in its chip
manufacturing equipment business and troubles at its solar and
display groups.

The Santa Clara, California, company is implementing a
voluntary retirement program and other measures to eliminate
between 900 and 1,300 positions, it said in a statement on
Wednesday.