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.
, July 7 (Reuters) – Google
smartphones with next-generation 3D sensing technology are about
to blast into orbit, where they will become the brains and eyes
of ball-shaped hovering robots on the International Space
NASA plans to use the handsets to beef up its Synchronized
Position Hold, Engage, Reorient, Experimental Satellites, or
SPHERES, which could eventually take over daily chores for
astronauts or even handle risky duties outside of the vessel.
SAN FRANCISCO (Reuters) – Qualcomm, which makes mobile chips, said on Thursday that Chinese contract manufacturer SMIC would produce its Snapdragon processors.
The agreement with SMIC suggests Qualcomm aims to shore up capacity for future demand but it could also improve Qualcomm’s relationship with the government in China, a key growth market where the U.S. chipmaker has been under antitrust scrutiny.
SAN FRANCISCO (Reuters) – Microsoft Corp has joined Qualcomm Inc and other technology companies in a bid to establish standard ways for household devices like light bulbs and thermostats to talk to each other.
The Qualcomm-backed AllSeen Alliance is among a growing number of efforts for companies working alone or in groups to promote protocols for how smart devices should work together in a trend increasingly referred to as the Internet of Things.
SAN FRANCISCO (Reuters) – Chipmaker Audience Inc (ADNC.O: Quote, Profile, Research, Stock Buzz) is acquiring a Silicon Valley startup in hopes of helping build smartphones that can figure out what you need at any time of the day, or even how you’re sleeping at night.
Audience announced late on Tuesday it is paying $41 million for Sensor Platforms, which creates algorithms that help analyze data from sensors on smartphones and other mobile devices.