Noel's Feed
May 8, 2014

Nvidia quarterly forecast matches Wall St but investors unimpressed

SAN FRANCISCO (Reuters) – Chipmaker Nvidia’s (NVDA.O: Quote, Profile, Research, Stock Buzz) forecast for current-quarter revenue met analysts’ expectations but failed to inspire investors, and its stock lost ground.

With the personal computer industry losing steam and the chipmaker’s move into mobile facing relentless competition, Nvidia is heavily promoting its graphics technology for a wider range of applications, including cars and data centers.

Apr 24, 2014

Broadcom results beat forecasts but China hurts

SAN FRANCISCO, April 24 (Reuters) – Broadcom Corp
beat Wall Street expectations in the first quarter, although
profit and revenue were lower than a year earlier as the
company’s high-end chips for smartphones faced fierce
competition in China.

Underscoring those concerns, Broadcom’s revenue guidance for
the June quarter was slightly below some analyst expectations.
Its stock fell more than 2 percent in extended trading due to
worries about how the company’s new 4G chips will fare in a
crowded market.

Apr 24, 2014

Qualcomm’s quarterly revenue growth dwindles, shares fall

SAN FRANCISCO (Reuters) – Qualcomm Inc on Wednesday posted its smallest quarterly revenue increase since 2010 as it wrestles with a smartphone market that is losing steam and shifting to China, sending its shares lower.

With expansion in the smartphone industry moving away from wealthy markets such as the United States and toward China and other developing countries, where consumers favour less expensive devices, Qualcomm’s once-impressive revenue growth is tapering off and it is focusing on costs to preserve its profitability.

Apr 24, 2014

Qualcomm faces China bribery allegations from U.S. regulator

SAN FRANCISCO (Reuters) – Leading mobile chipmaker Qualcomm said on Wednesday it could face a civil action from U.S. authorities over alleged bribery of officials associated with state-owned companies in China.

With smartphone sales tapering off in the United States, China is a major market for Qualcomm, but doing business there has included disagreements over royalties and an antitrust investigation.

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.

    • 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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