Noel's Feed
Oct 21, 2013

Texas Instruments 4th-qtr revenue outlook misses Street

SAN FRANCISCO, Oct 21 (Reuters) – Texas Instruments Inc
forecast unexpectedly low fourth-quarter revenue,
underscoring concerns about spotty demand for chips for cars,
appliances, computers and industrial products and sending its
shares lower.

Demand for chips used in cars and communications
infrastructure had improved in the third quarter, helping make
up for a drop in revenue as TI wound down its unprofitable
wireless business.

Oct 17, 2013

AMD quarterly results beat expectations but stock drops

SAN FRANCISCO, Oct 17 (Reuters) – Advanced Micro Devices Inc
posted a 6 percent decline in personal computer chip
sales, dampening hopes that its fast-growing gaming-console
business can take up the slack and sending its shares 7 percent
lower.

AMD’s third-quarter results on Thursday beat analysts’
forecasts as the chipmaker benefited from supplying processors
for new game consoles like Sony Corp’s
PlayStation 4 and Microsoft Corp’s Xbox One, which go
on sale in November.

Oct 17, 2013

Advanced Micro’s third-quarter results beat expectations

SAN FRANCISCO (Reuters) – Advanced Micro Devices (AMD.N: Quote, Profile, Research) posted third-quarter results above expectations as the chipmaker turns to new game consoles to offset slow demand in the personal computer industry.

AMD’s recently surging stock declined 6 percent in extended trade after closing unchanged at $4.09 (2.53 pounds).

Oct 15, 2013

Intel reports mixed quarter, delays cutting-edge chip

SAN FRANCISCO, Oct 15 (Reuters) – Intel Corp’s
third-quarter results modestly beat expectations on Tuesday, but
its current-quarter revenue outlook fell short and it warned
that production of its upcoming Broadwell processors was
delayed.

The world’s top chipmaker is betting that its current
Haswell PC processor with improved battery life will boost sales
for the rest of 2013, beyond the typically strong third quarter
when PC manufacturers buy chips in anticipation of holiday
demand.

Oct 15, 2013

Intel beats quarterly forecasts in tough PC market

SAN FRANCISCO (Reuters) – Intel Corp’s third-quarter results modestly beat expectations on Tuesday, but its current-quarter revenue outlook fell short as tablets continued to grow more popular at the expense of personal computers largely powered by the chipmaker.

Intel is betting that its new Haswell PC processor with improved battery life will boost sales for the rest of the year, beyond the typically strong third quarter when PC manufacturers buy chips in anticipation of holiday demand.

Oct 10, 2013

Micron’s quarterly net misses Street, investors eye tight DRAM supply

SAN FRANCISCO (Reuters) – Micron Technology (MU.O: Quote, Profile, Research, Stock Buzz) posted a smaller-than-expected fiscal fourth-quarter net profit on Thursday but the chipmaker’s shares held steady on expectations memory chip supplies will be constrained following a recent fire at a competitor’s factory.

After a deep memory chip price slump last year that led some chipmakers to throttle back production, prices for DRAM and NAND chips made by Micron, Samsung Electronics (005930.KS: Quote, Profile, Research, Stock Buzz) and SK Hynix (000660.KS: Quote, Profile, Research, Stock Buzz) have increased this year, although NAND lost some ground in the Micron’s August quarter.

Oct 8, 2013

Intel talks up chips for growing wave of connected gadgets

SAN FRANCISCO (Reuters) – Intel Corp talked up new chips on Tuesday aimed at medical equipment, automobile entertainment systems and other devices far from its shrinking core market of personal computers.

Intel and other technology companies are betting that what they call the “Internet of Things” — a trend toward connecting everything from bathroom scales, to factory robots and skyscraper ventilation systems to the Internet – will create massive demand for new electronics and software over the next several years.

Oct 4, 2013

U.S. hearing postponed for accused operator of Silk Road online drug bazaar

SAN FRANCISCO (Reuters) – A federal magistrate judge postponed a bail hearing on Friday for the alleged mastermind of the Silk Road online drug bazaar in order to give the 29-year-old’s lawyer more time to prepare.

Wearing leg shackles and a red jail uniform, Ross William Ulbricht was led into the San Francisco court room, where he was represented by a public defender during the 10-minute proceeding.

Oct 3, 2013

Ellison gives up $500 mln potential payout to settle Pillar suit

SAN FRANCISCO, Oct 3 (Reuters) – Oracle Corp Chief
Executive Larry Ellison has agreed to give up a potential payout
of around $500 million to settle accusations of a conflict of
interest in the 2011 acquisition by Oracle of a company he
controlled, according to court documents.

The settlement relates to Oracle’s purchase of Pillar Data
Systems Inc, a data storage company that was majority owned by
Ellison.

Oct 2, 2013

Bitcoin sinks in value after FBI busts Silk Road drug market

SAN FRANCISCO (Reuters) – The price of the bitcoin digital currency dropped on Wednesday, after U.S. law enforcement authorities shut down Silk Road, an online marketplace used to buy and sell illegal drugs.

The bitcoin, valued by many for its anonymity, fell to $129 from over $140 a day before, according to a website for trading bitcoins, Mt.Gox. Earlier, the currency traded as low as $110.

    • About Noel

      "Based in Thomson Reuters' San Francisco news bureau, Noel Randewich covers the semiconductor industry and the growing use of microchips in everything from smartphones to home energy management. Prior to his San Francisco posting, Mr Randewich spent a decade covering emerging markets news in Mexico City."
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