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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.

Mar 26, 2013

Oracle unveils faster gear to energize hardware business

REDWOOD CITY, California (Reuters) – Oracle Corp Chief Executive Larry Ellison unveiled a new line of faster servers on Tuesday, the latest step to revive a shrinking hardware division and shore up a core software business threatened by smaller rivals.

Servers built with Oracle’s new “T5″ microprocessors have beaten several performance records and run business databases and applications much faster than previous versions, the billionaire told reporters at a launch event in Redwood City.

Mar 21, 2013

Wall Street questions Oracle’s strategy after weak Q3 sales

SAN FRANCISCO (Reuters) – Oracle’s severe miss in quarterly sales, dismissed by management as a blip, amplified questions on Wall Street about the business-software giant’s diminishing clout in an industry moving rapidly toward cheaper Internet-based rivals.

Senior management assured Wall Street on Wednesday that a worrying 2-percent slip in new software sales was mostly due to a sales force that lacked “urgency”, something to be addressed this quarter. Many analysts agreed, describing the decline in software and hardware revenues as a speed bump.

Mar 21, 2013

Oracle blames sales force for third-quarter miss, stock drops

SAN FRANCISCO (Reuters) – Oracle Corp blamed its rapidly expanding sales force for a severe miss in third-quarter software sales and warned that its ailing hardware business will lose more ground this quarter, driving its shares 8 percent lower on Wednesday.

The world’s No. 3 software maker projected a 1 to 11 percent rise in new software licenses and Internet-based subscriptions in the May quarter – an indicator of future performance. But investors focused on a 2 percent slip in the February quarter that badly missed Wall Street’s targets.

Mar 21, 2013

Oracle blames sales force for Q3 miss, stock drops

SAN FRANCISCO (Reuters) – Oracle Corp blamed its rapidly expanding salesforce for a severe miss in third-quarter software sales and warned that its ailing hardware business will lose more ground this quarter, driving its shares 8 percent lower on Wednesday.

The world’s No. 3 software maker projected a 1 to 11 percent rise in new software licenses and Internet-based subscriptions in the May quarter – an indicator of future performance. But investors focused on a 2 percent slip in the February quarter that badly missed Wall Street’s targets.

Mar 20, 2013

Oracle blames sales force for Q3 miss, projects Q4 growth

SAN FRANCISCO (Reuters) – Oracle Corp (ORCL.O: Quote, Profile, Research) forecast a return to growth in new software sales this quarter, after blaming its rapidly expanding salesforce for a severe miss in third-quarter revenue that drove its shares 8 percent lower on Wednesday.

The world’s No. 3 software maker projected a 1 to 11 percent rise in new software licenses and Internet-based subscriptions in the May quarter, following a 2 percent slip in the February quarter that badly missed Wall Street’s targets.

Mar 20, 2013

Oracle’s quarterly results miss Street, stock drops

SAN FRANCISCO, March 20 (Reuters) – Oracle Corp’s
revenue missed expectations in the February quarter, adding to
concerns on Wall Street about sluggish enterprise IT spending
and sending shares of the world’s No. 3 software maker sharply
lower.

Oracle posted a 2 percent drop in new software sales and
Internet-based software subscriptions to $2.3 billion in its
fiscal third quarter.

Mar 19, 2013

Nvidia unveils virtual graphics server in push beyond PCs

SAN JOSE, California (Reuters) – Chipmaker Nvidia on Tuesday unveiled a server product that allows multiple individuals to virtually connect through low-end PCs to work on graphics-intensive tasks like image processing, Nvidia’s latest move to diversity as its traditional PC market loses ground to tablets.

Nvidia has been looking for new markets for its graphics chip expertise, including enterprise computing, mobile devices and hand-held game devices.

    • 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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