Noel's Feed
Jan 30, 2013

Freescale’s outlook, debt plan send shares higher

SAN FRANCISCO (Reuters) – Shares of Freescale Semiconductor Ltd (FSL.N: Quote, Profile, Research, Stock Buzz) surged on Wednesday after the chipmaker gave an upbeat revenue forecast and said it will seek to extend the maturity of $2.7 billion of its debt.

The company’s stock was up almost 14 percent after it said late on Tuesday that it was cautiously optimistic about wireless and enterprise capital spending in China and the United States, increasing speculation about a recovery in chip spending, which has been hit by a slow global economy.

Jan 28, 2013

Insight: Apple’s grip on carriers, suppliers loosens

SAN FRANCISCO (Reuters) – Apple Inc’s shareholders have been hit by one of the bloodiest weeks in the history of the stock, but wider fallout from such weakness might more important to the long-term value of their investments.

While Apple’s iPhones, iPads and Macs remain gold standards, signs the company is losing some of its edge in the smartphone market suggest its clout with business partners could wane.

Jan 25, 2013

Apple steps up labor audits, finds underage workers

SAN FRANCISCO, Jan 24 (Reuters) – Apple Inc stepped
up audits of working conditions at major suppliers last year,
discovering multiple cases of underage workers, discrimination
and wage problems.

The iPhone and iPad maker, which relies heavily on
Asian-based partners like China’s Foxconn Technology Group to
assemble the vast majority of its iPhones and iPads, said on
Thursday it conducted 393 audits, up 72 percent from 2011,
reviewing sites where over 1.5 million workers make its gadgets.

Jan 24, 2013

SanDisk’s modest revenue forecast prompts selloff

SAN FRANCISCO (Reuters) – SanDisk Corp’s (SNDK.O: Quote, Profile, Research, Stock Buzz) modest revenue outlook disappointed investors looking for a rebound in memory chips widely used in smartphones and tablets, sending its shares lower.

Like other memory chipmakers, SanDisk has been hurt in recent quarters by a drop in prices for NAND flash chips used in smartphones, cameras, storage drives and tablets to store data such as movies and photos.

Jan 23, 2013

SanDisk results top estimates, stock higher

SAN FRANCISCO (Reuters) – Chipmaker SanDisk Corp’s (SNDK.O: Quote, Profile, Research, Stock Buzz) quarterly results topped analysts’ expectations, boosting its stock by 1.8 percent as investors looked for signs of recovery in NAND chip prices.

Like other memory chipmakers, SanDisk has been hurt in recent quarters by a drop in prices for NAND flash chips used in smartphones, cameras, storage drives and tablets to store data such as movies and photos.

Jan 23, 2013

SanDisk’s quarterly revenue tops expectations

SAN FRANCISCO, Jan 23 (Reuters) – Chipmaker SanDisk Corp’s
fourth-quarter revenue topped analysts’ expectations,
helped by strong growth in solid-state drives as investors look
for signs of stability in NAND chip prices.

The company’s stock rose over 3 percent in extended trade.

Like other memory chipmakers, SanDisk has been hurt in
recent quarters by a drop in prices for NAND flash chips used in
smartphones, cameras, storage drives and tablets to store data
such as movies and photos.

Jan 22, 2013

Chipmaker AMD’s revenue tops estimates, forecast misses

Jan 22 (Reuters) – Chipmaker Advanced Micro Devices’
quarterly revenue topped estimates but its forecast for the
current quarter fell short as it struggles with falling PC sales
and consumers’ growing preferences for smartphones and tablets.

Like larger rival Intel, AMD is trying to refocus
its business as sales of laptops languish and consumers
increasingly depend on more mobile gadgets.

Jan 22, 2013

AMD hires chip veterans, diversifies beyond PCs

SAN FRANCISCO (Reuters) – Advanced Micro Devices Inc has hired two senior engineers with experience at Qualcomm Inc and Apple Inc, its latest high-level recruitments as it diversifies beyond a slowing personal computer industry, sources close to the chipmaker said.

Charles Matar, with expertise in low-power and embedded chip design, joined as AMD’s vice president of System-on-Chip Development, two sources said. Matar most recently worked at Qualcomm.

Jan 18, 2013

Intel may have little choice in big manufacturing bet

SAN FRANCISCO, Jan 18 (Reuters) – Intel Corp’s
decision to spend $13 billion in 2013 to develop and build
future manufacturing technology has not gone down well on Wall
Street but it may be necessary if it wants to stay on top of
rivals in coming years.

The top chipmaker’s shares slumped nearly 7 percent on
Friday, a day after executives said the company would increase
2013 capital spending from an already dizzying $11 billion.

Jan 18, 2013

Intel’s weak outlook, spending hikes unnerve Wall St

SAN FRANCISCO, Jan 17 (Reuters) – Intel Corp
forecast quarterly revenue that disappointed Wall Street and a
sharp increase in capital spending it plans for 2013 unnerved
investors already concerned about slow demand for personal
computers.

Shares of the world’s leading chipmaker slid more than 5
percent in after-hours trade on Thursday after it projected this
year’s capital spending at $13 billion, plus or minus $500
million, exceeding many analysts’ estimates for about $10
billion.

    • 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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