Noel's Feed
Apr 23, 2014

Qualcomm’s second-quarter revenue misses estimates

SAN FRANCISCO (Reuters) – Qualcomm Inc (QCOM.O: Quote, Profile, Research, Stock Buzz) on Wednesday posted quarterly revenue that missed expectations as it wrestles with a smartphone market that is losing steam and shifting to China, sending its shares lower.

The chipmaker reported fiscal second-quarter revenue of $6.37 billion, up 4 percent from the year-ago period. Analysts on average had expected $6.479 billion, according to Thomson Reuters I/B/E/S.

Apr 17, 2014

Google, IBM results raise questions about other tech-sector companies

SAN FRANCISCO (Reuters) – Disappointing results from Google Inc and IBM may unnerve investors shaken by a strong recent selloff in tech stocks, underscoring the challenges the Internet and IT sectors face as corporate report cards come due in coming weeks.

The two companies, both barometers of their respective industries, posted March-quarter results on Wednesday that missed Wall Street’s revenue targets, and their shares fell in after hours trade.

Apr 16, 2014

SanDisk sees solid-state drives boosting margins

SAN FRANCISCO (Reuters) – SanDisk Corp (SNDK.O: Quote, Profile, Research, Stock Buzz) increased its gross margin outlook for 2014 as fast-growing sales of its high-end solid-state drives helped offset volatile prices for memory chips, sending its shares higher.

Shares of SanDisk jumped more than 6 percent in after-hours trade on Wednesday after the chipmaker said that, due to an improved product mix, it was increasing its 2014 gross margin target range to between 47 percent and 49 percent. Its previous target range was 45 percent to 48 percent.

Apr 16, 2014

Memory chipmaker SanDisk’s 1st-quarter results beat expectations

SAN FRANCISCO, April 16 (Reuters) – SanDisk Corp
posted first-quarter results above expectations as fast-growing
sales of its high-end solid-state drives helped offset volatile
prices for memory chips.

Shares of SanDisk rose in after-hours trade on Wednesday
after the chipmaker said its first-quarter revenue was $1.51
billion, up 13 percent from the year-ago period. Analysts on
average expected first-quarter revenue of $1.49 billion,
according to Thomson Reuters I/B/E/S.

Apr 16, 2014

Intel’s quarterly net beats Street, CEO talks up tablets

SAN FRANCISCO (Reuters) – Intel Corp’s first-quarter net profit exceeded Wall Street’s estimates as the chipmaker wrestles with slow demand for personal computers and its chief executive officer said an ambitious goal to stake out market share in tablets was on track.

With personal computer shipments falling for eight straight quarters through March, some analysts believe the industry’s decline is close to hitting bottom, potentially giving¬†Intel¬†breathing room as it struggles to develop better processors for mobile and wearable devices.

Apr 15, 2014

Intel’s first-quarter net profit falls but beats Street

SAN FRANCISCO (Reuters) – Intel Corp’s first-quarter net profit fell, but beat Wall Street’s estimates as the chipmaker wrestles with shrinking demand for personal computers.

With personal computer shipments falling for eight straight quarters through March, some analysts believe the industry’s decline is close to hitting bottom, potentially giving Intel breathing room as it struggles to develop better processors for mobile and wearable devices.

Apr 8, 2014

Intel closes Costa Rica operation, cuts 1,500 jobs

SAN FRANCISCO (Reuters) – Chipmaker Intel, struggling with a shrinking personal computer market, is shutting its assembly and test operation in Costa Rica and eliminating 1,500 jobs, a spokesman said on Tuesday.

The plan to close the site, which is a significant contributor to Costa Rica’s exports, follows other steps announced by the chipmaker this year to cut spending as it attempts to grow beyond PCs into the mobile market.

Apr 8, 2014

Wearable chip start-up Ineda gets funding from Qualcomm and Samsung

SAN FRANCISCO, April 8 (Reuters) – Start-up Ineda Systems
said on Tuesday it received $17 million in funding from
investors including major semiconductor industry players
Qualcomm and Samsung Electronics, as it
designs low-power chips for smart watches and other wearable
computing gadgets.

Ineda, with offices in Hyderabad, India and Santa Clara,
California, closed its series B funding with Qualcomm, Samsung
and other investors in December.

Apr 7, 2014

Intel adjusts financial reporting to reflect mobile gadgets

SAN FRANCISCO (Reuters) – Chipmaker Intel Corp said on Monday it was adjusting its financial reporting structure to better reflect its focus on two key areas: mobile and the growing field of linking up electronic devices.

Beginning with its first-quarter report, due on April 15, Intel said it will provide revenues from its recently created Internet of Things Group, which focuses on the emerging trend of connecting everything from bathroom scales to skyscraper ventilation systems via the Internet, and a new Mobile and Communications segment.

Apr 7, 2014

Qualcomm talks up future top-tier smartphone chip

SAN FRANCISCO (Reuters) – Qualcomm gave details on Monday about a future high-end smartphone chip, including faster download speeds as well as 64-bit technology, which is quickly becoming standard.

Due to appear in smartphones in 2015, the Snapdragon 810 is Qualcomm’s latest bid to use its edge in wireless technology to maintain its marketshare lead in semiconductors for mobile 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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