SANTA CLARA, California (Reuters) – Intel Corp Chief Executive Paul Otellini said he is not seeing unexpected weakness in enterprise technology spending that Cisco CEO John Chambers cited when he forecast quarterly earnings below estimates.
“This quarter is playing out as we thought. The enterprise is good, it’s not fantastic, so we don’t see a change in that,” Otellini said in answer to a question at Intel’s annual investor day on Thursday.
SANTA CLARA, California, May 10 (Reuters) – Intel Chief
Executive Paul Otellini showcased the top chipmaker’s
long-awaited push into smartphones and talked up ultrathin
laptops he hopes will spice up a category that seems
increasingly dull compared to tablets and other mobile devices.
With worldwide PC sales barely growing, Intel Corp
has been racing to find a foothold in smartphone and tablet
markets, where processors based on ARM Holdings Pls’s
power-efficient chip designs are widely used.
CHANDLER, Arizona (Reuters) – It goes by the anodyne moniker Fab 42, but the new Intel Corp (INTC.O: Quote, Profile, Research, Stock Buzz) factory being built in the Arizona desert is hardly a run-of-the-mill production facility.
At $5 billion, it will be the most advanced chip factory ever constructed, producing microchips with transistors so tiny that over 100 million of them could fit on the head of a pin.
, May 1 (Reuters) – It goes by the anodyne
moniker Fab 42, but the new Intel Corp factory being
built in the Arizona desert is hardly a run-of-the-mill
At $5 billion, it will be the most advanced chip factory
ever constructed, producing microchips with transistors so tiny
that over 100 million of them could fit on the head of a pin.
SAN FRANCISCO, April 26 (Reuters) – Chip equipment maker
KLA-Tencor posted fiscal third-quarter revenue above
expectations as new spending by contract manufacturers
KLA-Tencor’s results reinforced expectations of steady gear
sales after top equipment maker ASML said last week that demand
was being driven by the need for more chips used in consumer
gadgets like smartphones and tablets.
April 25 (Reuters) – LSI forecast current-quarter revenue
above expectations as it sells more controller chips for
hard-drives and ramps up sales of flash storage products,
sending its shares higher after hours.
Last month, an upbeat LSI increased its forecast for
first-quarter results, saying a hard-drive industry hurt last
year by flooding in Thailand was recovering faster than
(Reuters) – Texas Instruments Inc (TXN.O: Quote, Profile, Research, Stock Buzz) forecast second-quarter revenue growth ahead of Wall Street estimates, signaling the end of a prolonged inventory-related decline in demand, sending its shares up 4 percent in late trading.
The maker of chips used in everything from communications equipment to cars said it expects revenue growth for the rest of the year due to a broad-based improvement in demand after several quarters when its clients cut inventories.
SAN FRANCISCO, April 19 (Reuters) – Chipmaker Advanced Micro
Devices forecast revenue above expectations as it
struggles against larger rival Intel in a lackluster PC
Shaky economies in Europe and the unsteady recovery in the
United States, a growing consumer preference for tablets, and a
recent shortage of hard drives due to flooding in Thailand last
year have taken a toll on the PC industry.
(Reuters) – Top chipmaker Intel Corp posted earnings confirming the PC industry is alive — but not kicking — and said sales would accelerate in the second half of the year with a powerful new PC processor.
In a first-quarter earnings report that did not inspire investors to push Intel’s recently high-flying stock further, the company also said costs associated with ramping up new production lines would hurt gross margins more than expected.
(Reuters) – Top chipmaker Intel Corp forecast revenue above expectations, as demand for personal computers remained resilient in the face of consumers’ growing preference for tablets and other mobile gadgets.
But investors, accustomed to Intel’s beating forecasts, sold the company’s stock, which had rallied 17 percent this year, following the news.