Noel's Feed
Aug 29, 2013

Outlook for PC shipments worsens: IDC

SAN FRANCISCO (Reuters) – The outlook for the struggling personal computer industry is worse than was previously believed, according to market research firm IDC, which on Thursday cut its 2013 forecast for global PC shipments for at least the second time.

Worldwide shipments of PCs are likely to fall 9.7 percent this year as consumers continue to favor mobile gadgets, IDC said in a report.

Aug 23, 2013

Intel Media opens offices in LA, New York in TV push

SAN FRANCISCO (Reuters) – Intel Corp’s media arm is opening offices in New York and Los Angeles as the company pushes ahead with an Internet television service that it plans to launch later this year, an Intel spokesman said on Friday.

Setting up shop in Los Angeles’ Santa Monica and New York’s Nolita brings Intel closer to the major TV networks and production studios that the world’s biggest chipmaker must strike deals with to gather content for its live and on-demand service, Intel spokesman Jon Carvill said.

Aug 19, 2013

Mechanical snafu again mars America’s Cup racing

SAN FRANCISCO (Reuters) – Italy’s Luna Rossa Challenge suffered a mechanical breakdown in the third race of the America’s Cup challenger finals on Monday, handing Emirates Team New Zealand a point and deepening concerns about the fragility of the high-tech AC72 catamarans being used in this year’s version of the venerable regatta.

It was the third consecutive race in which a mechanical malfunction crippled one of the competitors and handed a victory to the team that managed to cross the finish line.

Aug 19, 2013

Sailing-Mechanical snafu again mars America’s Cup racing

SAN FRANCISCO, Aug 19 (Reuters) – Italy’s Luna Rossa Challenge suffered a mechanical breakdown in the third race of the America’s Cup challenger finals on Monday, handing Emirates Team New Zealand a point and deepening concerns about the fragility of the high-tech AC72 catamarans being used in this year’s version of the venerable regatta.

It was the third consecutive race in which a mechanical malfunction crippled one of the competitors and handed a victory to the team that managed to cross the finish line.

Jul 25, 2013

Tencor forecasts weak revenue as PC sales slump

SAN FRANCISCO (Reuters) – KLA-Tencor Corp (KLAC.O: Quote, Profile, Research, Stock Buzz) forecast current-quarter revenue below expectations as slumping personal computer sales hurt demand for new chip-manufacturing gear, sending its shares lower.

Chief Executive Rick Wallace told analysts on a conference call on Thursday he expects new demand from memory chipmakers and contract manufacturers in the September quarter to only partly offset less business from makers of microprocessors and other logic chips.

Jul 24, 2013

Qualcomm quarterly revenue beats Street; stock up

SAN FRANCISCO (Reuters) – Shares of Qualcomm Inc (QCOM.O: Quote, Profile, Research, Stock Buzz) rose more than 3 percent after the leading mobile chipmaker posted third-quarter results that met expectations and eased concerns about slower growth of smartphone sales.

Few semiconductor companies have benefited more from the mobile revolution than Qualcomm, but the supplier of chips for Apple Inc’s (AAPL.O: Quote, Profile, Research, Stock Buzz) iPhones and Android devices has begun to face pressure as growth in smartphone sales shifts to Asia.

Jul 23, 2013

Broadcom’s third-quarter outlook adds to smartphone jitters

By Noel Randewich

(Reuters) – Broadcom Corp (BRCM.O: Quote, Profile, Research, Stock Buzz) forecast third-quarter revenue below expectations, underscoring concerns on Wall Street that smartphone growth might be waning, and sending the chipmaker’s shares lower.

Investors have become increasingly concerned in the past month that the explosive growth of smartphones of recent years might be coming to an end.

Jul 22, 2013

Texas Instruments upbeat about revenue, chip demand

SAN FRANCISCO (Reuters) – Texas Instruments Inc (TXN.O: Quote, Profile, Research, Stock Buzz) gave a third-quarter revenue forecast that was stronger than some analysts had expected and said customers seem more confident about placing orders for chips.

Orders picked up in the first half of 2013 and Chief Financial Officer Kevin March told Reuters on Monday that business continues to improve, following weak demand last year due to concerns about the global economy.

Jul 22, 2013

Intel to launch low-power version of powerful server chips

SAN FRANCISCO (Reuters) – Chipmaker Intel Corp said it is planning to launch a low-power version of its brawny server processors, potentially heading off competitors hoping to expand into the data center with energy efficient-chips based on smartphone technology.

Intel has already launched a line of its Atom mobile chips that are tweaked to work as low-power server chips.

Jul 18, 2013

AMD gives upbeat revenue forecast, eyes game consoles

SAN FRANCISCO (Reuters) – Advanced Micro Devices forecast stronger-than-expected revenue growth of 22 percent in the third quarter from the second, as the chip maker expands into new game consoles and other markets to offset slowing sales of personal computers.

However, the stock reversed earlier gains on Thursday after AMD said gross margins would fall as it seeks a foothold in game consoles.

    • 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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