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Jan 23, 2014

SanDisk revenue outlook fails to inspire, sees lower chip price

SAN FRANCISCO, Jan 22 (Reuters) – SanDisk Corp
posted higher fourth-quarter profits but gave a revenue outlook
that fell short of some analysts’ expectations and said memory
chip prices would fall more this year than in 2013.

The stock rose modestly after the results were released, but
turned lower after Chief Financial Officer Judy Bruner warned
about weaker chip prices during a conference call with analysts.

Jan 22, 2014

Memory chipmaker SanDisk’s fourth-quarter profit, revenue beat Street

SAN FRANCISCO (Reuters) – Memory chipmaker SanDisk (SNDK.O: Quote, Profile, Research, Stock Buzz) said on Wednesday its fourth-quarter profit and revenue exceeded expectations as the adoption of solid-state drives helped boost demand for its chips.

SanDisk, which sells chips to device makers of smartphones, cameras and other mobile devices, is increasingly using NAND chips in its own branded solid-state drives that are sold directly to companies and consumers.

Jan 22, 2014

Memory chipmaker SanDisk’s 4th-qtr profit, revenue beat Street

SAN FRANCISCO, Jan 22 (Reuters) – Memory chipmaker SanDisk
said on Wednesday its fourth-quarter profit and revenue
exceeded expectations as the adoption of solid-state drives
helped boost demand for its chips.

SanDisk, which sells chips to device makers of smartphones,
cameras and other mobile devices, is increasingly using NAND
chips in its own branded solid-state drives that are sold
directly to companies and consumers.

Jan 22, 2014

Texas Instruments to cut 1,100 jobs worldwide

SAN FRANCISCO (Reuters) – Texas Instruments Inc plans to cut 1,100 jobs in the United States, Japan and India, or about 3 percent of its global workforce, in a corporate restructuring to save $130 million by the end of 2014.

The U.S. chipmaker, which in 2012 announced it would lay off 1,700 people as it wound down its mobile processor business, said on Tuesday it wanted to reduce expenses in its embedded-processing division and in Japan.

Jan 21, 2014

Texas Instruments to cut 1,100 jobs

SAN FRANCISCO (Reuters) – Texas Instruments Inc (TXN.O: Quote, Profile, Research, Stock Buzz) plans to cut 1,100 jobs worldwide as part of a corporate restructuring intended to help it save $130 million by the end of 2014.

The U.S. chipmaker, which in 2012 announced it would lay off 1,700 people as it wound down its mobile processor business, said on Tuesday it wanted to reduce expenses in its embedded-processing division and in Japan.

Jan 17, 2014

Intel to reduce global workforce by five percent in 2014

SAN FRANCISCO (Reuters) – Intel Corp plans to reduce its global workforce of 107,000 by about 5 percent this year as the chipmaker, struggling with falling personal-computer sales, shifts focus to faster-growing areas, a company spokesman said on Friday.

The announcement, equivalent to over 5,000 positions, comes a day after Intel posted a fourth-quarter earnings report that did little to dispel concerns about a slowing PC industry.

Jan 17, 2014

Intel to reduce global workforce by 5 pct in 2014

SAN FRANCISCO, Jan 17 (Reuters) – Intel Corp plans
to reduce its global workforce of 107,000 by about 5 percent
this year as the chipmaker, struggling with falling
personal-computer sales, shifts focus to faster-growing areas, a
company spokesman said on Friday.

The announcement, equivalent to over 5,000 positions, comes
a day after Intel posted a fourth-quarter earnings report that
did little to dispel concerns about a slowing PC industry.

Jan 17, 2014

Intel gives lukewarm revenue forecast; shares fall

SAN FRANCISCO, Jan 16 (Reuters) – Intel Corp’s
earnings missed expectations by a penny in the fourth quarter
due to weak spending on servers, and the chipmaker gave a
lukewarm forecast for first-quarter revenue that did little to
dispel concerns about a slowing PC industry.

Intel said on Thursday it overestimated the extent of a
recovery in spending among its enterprise customers, sending its
stock lower, and pointed to political controversy in Washington,
D.C.

Jan 16, 2014

Intel gives lukewarm revenue forecast, shares fall after-hours

SAN FRANCISCO, Jan 16 (Reuters) – Intel Corp’s
earnings missed expectations by a mere penny in the fourth
quarter and the chipmaker gave a lukewarm forecast for
first-quarter revenue, sending its shares lower after-hours as
investors continued to worry about a slow PC industry.

Personal computer sales are losing ground to tablets and
smartphones but some analysts believe the industry’s decline is
tapering off, potentially giving Intel breathing room as it
struggles to develop better processors for mobile gadgets, a
market it has struggled to enter.

Jan 15, 2014

Intel launches marketing campaign aimed at cloud

SAN FRANCISCO (Reuters) – Chipmaker Intel Corp is taking its long-running Intel Inside marketing campaign into cloud computing in a bid to head off competition from smaller rivals designing low-power chips for servers.

Intel said on Wednesday that providers of data-center services would begin offering their customers details about the Intel chips used to power their servers – helping those customers make better buying decisions.

    • 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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