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Jun 10, 2013

Texas Instruments narrows revenue outlook, demand recovers

SAN FRANCISCO, June 10 (Reuters) – Texas Instruments
on Monday narrowed its forecast range for current-quarter
revenue, in line with Wall Street estimates, as new
semiconductor orders rose after a drop last year.

TI estimated second-quarter revenue of $2.99 billion to
$3.11 billion, compared with previous expectations of $2.93
billion to $3.17 billion.

Jun 7, 2013

Sweden’s Artemis to stay in America’s Cup but start regatta late

SAN FRANCISCO, June 7 (Reuters) – Sweden’s Artemis Racing said on Friday it will remain in the America’s Cup sailing regatta following a fatal accident last month, but that it will not be ready in time for the start of preliminary races scheduled for early July.

The participation of Artemis in the regatta, scheduled to begin on July 4 and go into September, was thrown into doubt after its 72-foot (22-metre) catamaran capsized and broke apart on May 9 during a training session, the second time one of the controversial multihulled boats has flipped in San Francisco Bay.

May 31, 2013

New Zealand spurns big rule changes as it preps for America’s Cup

SAN FRANCISCO (Reuters) – The head of New Zealand’s America’s Cup team has sharply rejected the idea of major changes to the sailing competition’s high-tech catamarans in the wake of an accident that killed a British sailor.

Grant Dalton, managing director of Emirates Team New Zealand, told Reuters on Thursday that he supported new safety rules put forward last week by event organizers. But he dismissed suggestions by some sailors, including members of the Artemis Racing team that suffered the accident, that big changes such as smaller sails or power-assisted on-board controls were necessary.

May 30, 2013

Intel scores major win in new Samsung Galaxy tablet: source

SAN FRANCISCO (Reuters) – Samsung Electronics has chosen an Intel Corp processor to power a new version of one of its top-tier Android tablets, a source with knowledge of the plans told Reuters, in a major victory for the U.S. chipmaker, which is struggling to find its footing in the mobile market.

Samsung has chosen Intel’s Clover Trail+ mobile chip for at least one version of its Galaxy Tab 3 10.1, which competes with Apple Inc’s iPad, a source familiar with the matter told Reuters on Thursday, speaking on condition of anonymity because the specifications have not been announced.

May 28, 2013

PC shipments face sharp slump in 2013 as tablets ascend – IDC

SAN FRANCISCO (Reuters) – Global personal computer shipments face a deeper-than-expected 7.8 percent slump this year as tablets overtake laptops for the first time, according to a report from market research company IDC.

The firm previously had forecast a 1.3 percent decline in PC shipments for 2013 but said in a report on Tuesday that consumers content with tablets are continuing to hold off replacing ageing laptops and desktop computers.

May 24, 2013

Salesforce.com’s quarterly results disappoint Wall Street

By Noel Randewich

(Reuters) – Salesforce.com Inc’s (CRM.N: Quote, Profile, Research, Stock Buzz) quarterly earnings and outlook disappointed investors as costs rise following a spree of acquisitions, sending its shares lower.

Under Marc Benioff, Salesforce’s CEO and founder, the company’s fast revenue growth has made it a favorite with investors eager to own part of the growing trend among businesses to outsource their information technology needs – from servers to software, a phenomenon known as cloud computing.

May 23, 2013

Salesforce.com’s quarterly outlook disappoints

May 23 (Reuters) – Salesforce.com Inc’s earnings
outlook for the current quarter failed to inspire investors used
to strong numbers from the cloud-based business software
pioneer, and its shares fell 6 percent.

Under Marc Benioff, Salesforce’s CEO and founder, the
company’s fast revenue growth has made it a favorite with
investors eager to own part of the growing trend among
businesses to outsource their information technology needs -
from servers to software, a phenomenon known as cloud computing.

May 23, 2013

Apple supplier Cirrus slumps as pricing pressure grows

SAN FRANCISCO, May 23 (Reuters) – Shares of Apple (AAPL.O: Quote, Profile, Research)
supplier Cirrus Logic (CRUS.O: Quote, Profile, Research) slumped 18 percent on Thursday
after the chipmaker said in a filing it faces growing pricing
pressure in the smartphone market.

Cirrus said in the filing it expects gross margins in the
mid-40s. It did not indicate what period it was referring to and
a spokesman did not immediately reply to a request for comment.

May 23, 2013

America’s Cup makes changes to improve safety following death

SAN FRANCISCO (Reuters) – America’s Cup organizers said on Wednesday that they have made rule changes to improve safety in the upcoming regatta after a fatal training accident on San Francisco Bay earlier this month.

As a result of investigations into the death of a sailor when an ultra-fast AC72 catamaran capsized on May 9 and broke apart, competitors will review the integrity of the boats and their wing sails, the America’s Cup Event Authority said in a statement.

May 21, 2013

Intel CEO shakes up units, creates ‘new devices’ group

SAN FRANCISCO, May 21 (Reuters) – Intel Corp’s new
chief executive, Brian Krzanich, has launched a sweeping company
reorganization and created a unit aimed at growing its market
share in future mobile technologies.

The shakeup, announced internally just days after the
30-year veteran took the helm, places most of the main product
groups of the world’s top chipmaker directly under the CEO’s
supervision and hands its sprawling global manufacturing
operation to new president Renee James, said a source close to
the company, who declined to be identified.

    • 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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