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
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
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.
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.
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.
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.
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
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.
SAN FRANCISCO (Reuters) – For Larry Ellison, the only thing better than winning the America’s Cup is winning it against all odds.
Ellison’s Oracle Team USA was within an inch of losing the world’s oldest international sporting trophy to Emirates Team New Zealand just a week ago, only to come back on Thursday with the eighth straight race it needed to retain the Cup.
SAN FRANCISCO, Sept 24 (Reuters) – Oracle Corp CEO
Larry Ellison skipped a keynote address at his software
company’s massive annual customer conference on Tuesday to be on
San Francisco Bay as his Oracle Team USA made a comeback in the
Hundreds of Oracle OpenWorld attendees streamed out of San
Francisco’s Moscone conference center after an Oracle executive
announced that Ellison would not attend the keynote
presentation, a focal point of the annual event.
SAN FRANCISCO (Reuters) – The 34th America’s Cup underway on San Francisco Bay is going on longer than Oracle Team USA backer Larry Ellison expected and is now overlapping with his software company’s massive annual customer conference.
America’s Cup sailing is a major passion for Ellison, rivaled only by his focus on expanding what is already the world’s third largest software maker.