Noel's Feed
Nov 27, 2012

AMD CEO encouraged by Black Friday PC sales

SAN FRANCISCO, Nov 27 (Reuters) – Results from the U.S.
Thanksgiving weekend look encouraging for PC sales although it’s
too early to made predictions about the entire holiday shopping
season, and the PC industry still faces long-term problems, the
CEO of chipmaker Advanced Micro Devices said.

The growing popularity of Apple’s iPad and other
tablets have sapped demand for PCs, and with economic growth
slowing in China and struggling in Europe and the United States,
global shipments are expected to decline slightly this year, the
first annual drop since 2001.

Nov 21, 2012

Analysis: Intel Inside – Looking inward for CEO may be best bet

SAN FRANCISCO (Reuters) – Wanted: Visionary CEO to help world-class chipmaker expand beyond struggling personal computer market into tablets and smartphones. Experience with cutting-edge manufacturing plants and $10 billion annual capital expenditures a plus.

Intel Corp raised eyebrows on Wall Street and in Silicon Valley this week when it said it will consider an outsider to take over from outgoing Chief Executive Paul Otellini, potentially ending a four-decade tradition of internal succession. Some analysts took that as a sign the top global chipmaker might be considering a transformative hire.

Nov 21, 2012

Intel Inside: Looking inward for CEO may be best bet

SAN FRANCISCO, Nov 21 (Reuters) – Wanted: Visionary CEO to
help world-class chipmaker expand beyond struggling personal
computer market into tablets and smartphones. Experience with
cutting-edge manufacturing plants and $10 billion annual capital
expenditures a plus.

Intel Corp (INTC.O: Quote, Profile, Research) raised eyebrows on Wall Street and in
Silicon Valley this week when it said it will consider an
outsider to take over from outgoing Chief Executive Paul
Otellini, potentially ending a four-decade tradition of internal
succession. Some analysts took that as a sign the top global
chipmaker might be considering a transformative hire.

Nov 19, 2012

Intel CEO to retire as chipmaker struggles with mobile

SAN FRANCISCO/NEW YORK, Nov 19 (Reuters) – Intel Corp
said on Monday that Chief Executive Officer Paul
Otellini will retire in May, as the world’s leading chipmaker
grapples with weak PC demand and an industry shift toward mobile
computing.

Intel said it would consider both internal and external
candidates for the CEO position and it expected the “leadership
transition” to last six months. Otellini is leaving before
Intel’s mandatory retiring age for its CEOs.

Nov 19, 2012

Intel CEO Ottelini to step down in May

SAN FRANCISCO/NEW YORK (Reuters) – Intel Corp said on Monday that Chief Executive Officer Paul Ottelini will retire in May, stepping down from the world’s leading chipmaker at time when it is grappling with weak PC demand as the industry shifts toward mobile computing.

Intel’s board said it would consider internal and external candidates for the CEO position and it expected the “leadership transition” to last six months.

Nov 15, 2012

Applied Materials warns of lower revenue, eyes recovery

SAN FRANCISCO (Reuters) – Top chip gear-maker Applied Materials forecast current-quarter revenues below expectations as it struggles with a slowdown in spending on chip manufacturing equipment and troubles at its solar and display groups.

But the company said it expects business conditions to improve entering 2013, “with orders projected to increase after bottoming in the fourth quarter,” and its shares rose more than 2 percent in after hours trade.

Nov 15, 2012

Microsoft CEO Ballmer suggests more hardware coming

SANTA CLARA, California, Nov 14 (Reuters) – Microsoft Corp’s
chief executive said his company would look at more
opportunities to build its own devices, after the launch of its
Surface tablet last month, potentially bringing the software
giant into competition with its hardware partners and opening
the door to a Microsoft-branded phone.

“Do I anticipate that partners of ours will build the lion’s
share of all Windows devices over the next five years? The
answer is, absolutely,” Steve Ballmer said at a tech industry
event in Santa Clara, California, on Wednesday.

Nov 15, 2012

Texas Instruments cuts 1,700 jobs, winds down tablet chips

NEW YORK/SAN FRANCISCO (Reuters) – Texas Instruments is eliminating 1,700 jobs, as it winds down its mobile processor business to focus on chips for more profitable markets like cars and home appliances.

Texas Instruments said in September it would halt costly investments in the increasingly competitive smartphone and tablet chip business, leading Wall Street to speculate that part of the company’s processor unit, called OMAP, could be sold.

Nov 13, 2012

Exclusive: AMD hires bank to explore options – sources

NEW YORK/SAN FRANCISCO (Reuters) – Advanced Micro Devices has hired JPMorgan Chase & Co to explore options, which could include a potential sale, as the chipmaker struggles to find a role in an industry increasingly focused on mobile and away from traditional PCs, according to three sources familiar with the situation.

The company’s stock surged 18 percent on the news before ending up 5 percent at $2.09 on the New York Stock Exchange.

Nov 13, 2012

Advanced Micro hires bank to explore options -sources

NEW YORK/SAN FRANCISCO, Nov 13 (Reuters) – Advanced Micro
Devices (AMD.N: Quote, Profile, Research) has hired JPMorgan Chase & Co (JPM.N: Quote, Profile, Research) to explore
options, which could include a potential sale, as the chipmaker
struggles to find a role in an industry increasingly focused on
mobile and away from traditional PCs, according to three sources
familiar with the situation.

The company’s stock surged 18 percent on the news before
ending up 5 percent at $2.09 on the New York Stock Exchange.
Sources told Reuters on Tuesday that an outright sale of the
company is not a priority, and other options for AMD could
include a sale of its portfolio of patents.

    • 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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