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Apr 18, 2013

Supplier woes stir Apple demand fears, Asian parts makers dive

SAN FRANCISCO, April 18 (Reuters) – Apple Inc’s
shares fell below $400 on Wednesday for the first time since
December 2011 after a U.S. chip supplier’s disappointing revenue
forecast fanned fears about weakening demand for the iPhone and
iPad as competition intensifies.

The surprise warning by Cirrus Logic Inc knocked
down shares of key component suppliers like South Korea’s LG
Display Co Ltd and Japan’s Toshiba Corp on
Thursday in Asia, a region that supplies the lion’s share of
chips, cases and displays for the Cupertino, California-based
company.

Apr 17, 2013

Supplier woes stir Apple demand fears, stock drops below $400

SAN FRANCISCO (Reuters) – Apple Inc’s (AAPL.O: Quote, Profile, Research) shares fell below $400 on Wednesday for the first time since December 2011 after a chip supplier’s disappointing revenue forecast fanned fears about weakening demand for the iPhone and iPad as competition intensifies.

The stock dropped below $400 briefly before bouncing back to end 5.5 percent lower at $402.80, losing more than $22 billion of market value in a single day.

Apr 17, 2013

SanDisk’s quarterly results beat expectations

SAN FRANCISCO, April 17 (Reuters) – U.S. memory chipmaker
SanDisk on Wednesday posted quarterly results above
expectations, helped by growing sales of solid-state drives.

But the company’s shares fell after the report due in part
to concerns about future chip pricing.

Apr 17, 2013

Apple shares slide after key supplier’s weak outlook

SAN FRANCISCO (Reuters) – Apple Inc’s shares fell on Wednesday below $400 for the first time since December 2011, after key supplier Cirrus Logic’s disappointing revenue forecast fanned fears that weakening demand for the iPhone and iPad are pressuring margins more than anticipated.

Apple, which fell through $400 briefly before bouncing back to stand 5.5 percent lower at about $403, has lost more than 40 percent of its market value since a September 2012 peak, battered by worries about intensifying competition and its effect on the company’s industry-leading margins.

Apr 17, 2013

Intel foresees second quarter sales decline as PC market shrinks

SAN FRANCISCO (Reuters) – Intel Corp said its current-quarter revenue would decline as much as 8 percent and trimmed its 2013 capital spending plans, as personal computer sales drop due to the growing popularity of tablets and smartphones.

Shares in the world’s largest chip maker rallied as much as 3 percent after hours but quickly gave up the gains. The stock had been battered over the past week after researcher IDC revealed that PC sales notched a record quarterly decline in the first quarter.

Apr 17, 2013

Intel foresees Q2 sales decline as PC market shrinks

SAN FRANCISCO (Reuters) – Intel Corp said its current-quarter revenue would decline as much as 8 percent and trimmed its 2013 capital spending plans, as personal computer sales drop due to the growing popularity of tablets and smartphones.

Shares in the world’s largest chip maker rallied as much as 3 percent after hours but quickly gave up the gains. The stock had been battered over the past week after researcher IDC revealed that PC sales notched a record quarterly decline in the first quarter.

Apr 16, 2013

Intel’s revenue forecast meets expectations

By Noel Randewich

(Reuters) – Intel Corp forecast June-quarter revenue in line with expectations and trimmed its capital spending plans as the personal computer industry grapples with falling sales and a shift toward tablets and smartphones.

Intel and personal computer makers are struggling to stop a decline in shipments as consumers hold off on buying new laptops in favor of more nimble mobile gadgets.

Apr 11, 2013

Nvidia returns $1 billion to shareholders, mobile flat

SANTA CLARA, California (Reuters) – Nvidia Corp plans to return $1 billion to shareholders this fiscal year, the company said on Thursday, helping its shares trim earlier losses caused by worries about its mobile business and a slumping PC market.

Shares in the chipmaker were down as much as 4 percent after Nvidia told investors earlier at its annual analysts’ day that it expects its Tegra mobile processor business to remain flat this year. They recovered after the buyback news, and were down just 0.5 percent at $12.77 in the afternoon.

Apr 11, 2013

Nvidia expects flat mobile chip sales, focuses on LTE

SANTA CLARA, California (Reuters) – Nvidia Corp expects its mobile processor business to remain flat this year as it focuses on upcoming chips with high-speed LTE technology attractive to smartphone makers, the chipmaker’s CEO said on Thursday.

As consumers increasingly choose tablets and smartphones over personal computers, Nvidia has been looking for ways to diversify beyond its core business of designing graphics chips for PCs.

Apr 10, 2013

In U.S. immigration debate, some query skilled-worker shortage

SAN FRANCISCO, April 10 (Reuters) – As the wrangling over
immigration reform intensifies in the U.S. Congress, the tech
industry is lobbying hard to raise the limit on H-1B visas,
which allow non-U.S. citizens with advanced skills and degrees
in “specialty occupations” to work in the country for up to six
years.

Demand is so great that the annual cap of 65,000 was hit
last week, just days after the application period opened.
Technology companies support raising the H-1B quota almost
five-fold, to 300,000, arguing universities are just not turning
out enough American math and science graduates and they need to
cast their net abroad to stay competitive.

    • 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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