Noel's Feed
Oct 21, 2014

Broadcom third-quarter results beat views, stock jumps

SAN FRANCISCO (Reuters) – Broadcom (BRCM.O: Quote, Profile, Research, Stock Buzz) posted third-quarter results on Tuesday that exceeded Wall Street’s expectations as the chipmaker focused on networking and smartphone chips, sending its shares 5 percent higher.

Broadcom, whose wifi connectivity chips are used in Apple’s iPhones, reported third-quarter revenue of $2.26 billion, up 5.3 percent from the year-ago period. Analysts on average had expected third-quarter revenue of $2.17 billion, according to Thomson Reuters I/B/E/S.

Oct 21, 2014

Broadcom’s third-quarter revenue exceeds expectations

SAN FRANCISCO, Oct 21 (Reuters) – Broadcom posted
higher third-quarter revenue on Tuesday that exceeded Wall
Street’s expectations as the chipmaker focused on networking and
broadband chips, sending its shares 4 percent higher.

Broadcom, a leader in connectivity chips with features like
Wifi and Bluetooth, reported third-quarter revenue of $2.26
billion, up 5.3 percent from the year-ago period. Analysts on
average had expected third-quarter revenue of $2.17 billion,
according to Thomson Reuters I/B/E/S.

Oct 20, 2014

Texas Instruments posts solid 3rd-quarter results, says business healthy

SAN FRANCISCO (Reuters) – Texas Instruments Inc posted third-quarter results above expectations and its CFO said business was healthy, in contrast to recent concerns on Wall Street about a possible slowdown in chip demand.

The Dallas, Texas-based company’s growth in the third quarter was driven by demand for chips used in communications equipment, industrial markets and automotive, CFO Kevin March told Reuters in a phone interview.

Oct 20, 2014

Texas Instruments’ 3rd-quarter revenue exceeds Wall Street view

SAN FRANCISCO, Oct 20 (Reuters) – Texas Instruments Inc
posted third-quarter revenue of $3.50 billion, up 8
percent from the year-ago period, and above expectations on Wall
Street following recent concerns about weak industry demand.

Texas Instruments said on Monday its third-quarter net
income rose 31 percent to $826 million. Its earnings per share
were 76 cents.

Oct 16, 2014

U.S. chipmaker AMD cuts workforce, gives weak revenue forecast

SAN FRANCISCO (Reuters) – Struggling U.S. chipmaker Advanced Micro Devices Inc (AMD.N: Quote, Profile, Research, Stock Buzz) said on Thursday it was cutting 7 percent of its workforce and it gave a lower-than-expected revenue forecast for the current quarter, sending its shares lower.

The company’s third major round of job cuts since 2011 comes a week after AMD said Chief Executive Officer Rory Read had been replaced by Chief Operating Officer Lisa Su, an unexpected move that sparked speculation about fresh troubles at the chipmaker.

Oct 15, 2014

Judge in Apple supplier’s bankruptcy questions need for secrecy

By Nick Brown and Noel Randewich

(Reuters) – The judge overseeing the mysterious bankruptcy of an Apple Inc sapphire supplier on Wednesday voiced skepticism over requests for secrecy and compared the iPhone maker to a demanding homeowner unhappy with how a construction project turned out.

Scant information has emerged since GT Advanced Technologies Inc filed for bankruptcy last week, wiping out most of its market value and triggering speculation about what may have soured its Apple relationship and torpedoed its prospects.

Oct 15, 2014

Intel’s quarterly results underscore challenge in mobile

SAN FRANCISCO (Reuters) – Intel’s (INTC.O: Quote, Profile, Research, Stock Buzz) mobile and communications group took in a scant $1 million in revenue in the third quarter, underscoring the challenge the top chipmaker faces expanding into smartphones and tablets.

The Santa Clara, California-based company on Tuesday reported third-quarter results that beat Wall Street’s expectations, helped by a recovery in personal computers, by far its largest market.

Oct 14, 2014

Intel gives rosy fourth-quarter revenue forecast as PCs recover

SAN FRANCISCO (Reuters) – Intel Corp (INTC.O: Quote, Profile, Research, Stock Buzz) gave a current-quarter revenue forecast above expectations as demand for personal computers recovered.

A global slump in personal computer demand that began with Apple Inc’s (AAPL.O: Quote, Profile, Research, Stock Buzz) launch of the iPad four years ago has stabilized in recent months, in part due to companies replacing employees’ older laptops.

Oct 8, 2014

Chipmaker AMD replaces CEO amid loss of market share

Oct 8 (Reuters) – Advanced Micro Devices said Chief
Operating Officer Lisa Su would immediately replace Rory Read as
chief executive officer as the chipmaker expands beyond its core
personal computer market, sending its shares down 5 percent in
extended trading.

The transition comes just three years into Read’s tenure as
CEO and while analysts applauded the leadership change, some of
them were surprised at the timing.

Oct 8, 2014

Apple says surprised by GT’s bankruptcy filing

SAN FRANCISCO, Oct 8 (Reuters) – Apple Inc said on
Wednesday it was surprised by supplier GT Advanced Technologies
Inc’s bankruptcy filing this week, and is now
considering its next steps.

GT Advanced, slated to supply scratch-resistant sapphire
displays from a new Arizona factory Apple is helping bankroll,
filed for bankruptcy on Monday but has offered little
explanation as to why.

    • 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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