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Nov 6, 2013

Qualcomm curbs spending as revenue guidance disappoints

SAN FRANCISCO (Reuters) – Qualcomm Inc on Wednesday forecast revenue below expectations and said it would curb fast-growing operating expenses, stoking concerns the leading mobile chipmaker faces tough competition in Asia, and sending its stock down.

San Diego-based Qualcomm’s components are used in smartphones made by Apple Inc and Samsung Electronics Co Inc and its patents pulling in revenue from licensees across the cellphone industry.

Nov 6, 2013

Qualcomm quarterly revenue forecast disappoints, stock down

SAN FRANCISCO (Reuters) – Leading mobile chipmaker Qualcomm Inc (QCOM.O: Quote, Profile, Research, Stock Buzz) posted higher fiscal fourth-quarter results on Wednesday, fueled by growing demand for smartphones in Asia, but its shares fell after it gave quarterly revenue guidance below expectations.

San Diego-based Qualcomm is the leading mobile chipmakers, with its components used in smartphones made by Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz) and Samsung Electronics Co Inc (005930.KS: Quote, Profile, Research, Stock Buzz) and its patents pulling in revenue from licensees across the cellphone industry.

Nov 6, 2013

New Silk Road drug bazaar opens a month after FBI bust

SAN FRANCISCO, Nov 6 (Reuters) – A new anonymous Internet
marketplace for illegal drugs debuted on Wednesday, with the
same name and appearance as the Silk Road website shut down by
U.S. law enforcement authorities a month ago.

Like its predecessor, the new Silk Road listed hundreds of
advertisements for marijuana, cocaine, ecstasy and other illegal
drugs available for purchase from independent sellers using the
anonymous Bitcoin digital currency.

Nov 6, 2013

Intel creates new business division for connected gadgets

SAN FRANCISCO, Nov 5 (Reuters) – Intel Corp has set
up a business division aimed at making money out of a new
technology wave that can link up a host of electronic devices.

The Santa Clara, California chipmaker and other technology
companies are betting that what they call the ‘Internet of
Things’ – a trend toward connecting everything from bathroom
scales to skyscraper ventilation systems via the Internet – will
create massive demand for new electronics and software.

Nov 3, 2013

Chip designers see dollar signs in Bitcoin miners

SUNNYVALE, California, Nov 3 (Reuters) – Tucked away in an
air conditioned data center in Silicon Valley is a hodgepodge of
black boxes, circuit boards and cooling fans owned by
27-year-old Aaron Jackson-Wilde, a modern-day prospector looking
for Bitcoins.

Since discovering the digital currency a few months ago,
Jackson-Wilde has paid about $2,000 for his “rigs,” which are
powered by specialized computer chips. They are designed to help
operate and maintain the Bitcoin network – and, in return,
generate a small reward in a process known as “Bitcoin mining.”

Nov 1, 2013

Shareholders voice displeasure with Oracle’s pay watchdogs

SAN FRANCISCO (Reuters) – Shareholders in Oracle Corp (ORCL.N: Quote, Profile, Research, Stock Buzz) have sent a message to the people who set Chief Executive Larry Ellison’s pay, re-electing the directors on the board’s compensation committee by much smaller margins than the rest of the directors, according to a filing on Friday.

All board members received majority votes by wide margins except for the members of the compensation committee – Bruce Chizen, George Conrades and Naomi Seligman – who each won re-election with margins of about 53 percent or less, including non-voted shares, according to a filing on Friday.

Oct 31, 2013

Oracle shareholders give Ellison’s pay a thumbs down

SAN FRANCISCO (Reuters) – A majority of shareholders opposed Oracle Corp Chief Executive Larry Ellison’s pay in a non-binding vote on Thursday following complaints that the world’s third-richest man makes too much as his company struggles against smaller rivals.

The vote against Oracle’s executive compensation policy adds to a similar defeat at last year’s meeting, and while it requires no changes from the company, it underscores concern among shareholders about high pay in the face of lackluster financial performance.

Oct 29, 2013

Motorola aims for do-it-yourself smartphones

SAN FRANCISCO (Reuters) – Motorola wants to let consumers design their own smarpthones.

The Google-owned manufacturer has launched Project Ara to create a free, open and standardized platform to let people pick and choose the components they want in their phones, Motorola said in a blogpost this week.

Oct 29, 2013

Smartphone shipments jump in third quarter on China demand: IDC

SAN FRANCISCO (Reuters) – Global smartphone shipments jumped 39 percent in the quarter ended September 30, while brisk demand for low-priced Android devices in China eroded Apple’s market share.

With growth in smartphones slowing in the United States and Europe, attention has turned to technology-hungry consumers in developing countries, many of whom favor devices that are less expensive than Apple’s iPhones.

Oct 24, 2013

Tencor quarterly outlook misses Street expectations

SAN FRANCISCO (Reuters) – Chip equipment maker KLA-Tencor Corp forecast earnings and revenue for the current quarter that were weaker than expected by Wall Street as contract manufacturers and memory chipmakers investing in new technology only partly offset a slow PC industry.

The company, whose products are used by chipmakers to measure the effectiveness of complicated manufacturing processes and reduce defects, said it expects an improvement in orders, but its stock fell in extended trade after it gave its earnings and revenue outlook on a conference call with analysts on Thursday.

    • 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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