SAN FRANCISCO (Reuters) – Oracle Corp on Tuesday reported increased revenue and profit for its fiscal third quarter, but the results disappointed investors, who were looking for signs of a sustained turnaround, and its shares fell sharply.
The company said new software sales and Internet-based software subscriptions in its fiscal third quarter ended February 28 rose 4 percent from a year earlier.
SAN FRANCISCO, March 13 (Reuters) – Texas Instruments
said on Thursday it plans to return more cash to
shareholders, expanding a capital management policy that has
helped boost the chipmaker’s stock to its highest level in more
than a decade.
Improved manufacturing efficiencies mean Texas Instruments
will now be able to turn between 20 percent and 30 percent of
its revenue into free cash flow, Chief Financial Officer Kevin
March said on a conference call with analysts.
SAN FRANCISCO (Reuters) – The loss of 20 key Freescale Semiconductor (FSL.N: Quote, Profile, Research, Stock Buzz) employees in the disappearance of a Malaysian airliner on Saturday raises questions about whether the company should have allowed so many of them to board the same plane, but security experts said that at big corporations it’s hard to avoid.
The disappearance of Malaysia Airlines’ (MASM.KL: Quote, Profile, Research, Stock Buzz) Flight MH370 about an hour into its journey to Beijing remained a mystery on Monday as a search orchestrated by 10 countries failed to find traces of the plane or the 239 people on board.
SAN FRANCISCO (Reuters) – Employees of Freescale Semiconductor who were on a Malaysia Airlines flight presumed to have crashed were doing sophisticated work at the U.S. chipmaker, a company spokesman said on Sunday.
The 20 Freescale employees, among 239 people on flight MH370, were mostly engineers and other experts working to make the company’s chip facilities in Tianjin, China, and Kuala Lumpur more efficient, said Mitch Haws, vice president, global communications and investor relations.
SAN FRANCISCO (Reuters) – Tablet shipments will increase this year but at a much slower pace than in 2013 as consumers remain content with the devices they already own, market research firm IDC said on Thursday.
Global tablet shipments are set to expand 19.4 percent this year, compared to 51.6 percent in 2013, it said.
SAN FRANCISCO, March 5 (Reuters) – You can’t spend bitcoins
at Amazon.com or to pay your mortgage but, as the
Winklevoss twins showed on Wednesday, you can use the digital
currency to book a trip into suborbital space.
Cameron and Tyler Winklevoss, who famously accused Facebook
Inc founder Mark Zuckerberg of stealing their idea, said
they used bitcoins to buy tickets for a high-altitude voyage on
billionaire Richard Branson’s Virgin Galactic commercial
SAN FRANCISCO, March 4 (Reuters) – Steve Mollenkopf, the new
chief executive of Qualcomm, said on Tuesday that the
mobile chipmaker is developing technologies that will drive
continued demand for smartphones even as others worry that the
smartphone market’s best days are behind it.
Mollenkopf, 45, who was previously chief operating officer,
officially took over as chief executive officer at the company’s
annual shareholders meeting on Tuesday. He was named in December
to replace Paul James, the son of a Qualcomm co-founder.
SAN FRANCISCO/VANCOUVER (Reuters) – Some savvy bitcoin investors have a solution to cyber-thieves and instability shaking online exchanges: they print out their virtual savings and hide them in the real world.
The shuttering this week of bitcoin exchange Mt. Gox and fears that hundreds of millions of dollars worth of the virtual currency have been lost or stolen are pushing investors to tighten their security.
SAN FRANCISCO, Feb 26 (Reuters) – Growth in global
smartphone shipments will fall sharply this year and keep
slowing through 2018, with average prices dropping significantly
as demand shifts to China and other developing countries,
according to market research firm IDC.
Annual growth in 2014 is expected to be 19.3 percent and
then decline to 6.2 percent in 2018, IDC said in a report on
Wednesday. That follows a 39.2 percent jump in 2013 when
smartphone shipments topped 1 billion units for the first time.
SAN FRANCISCO/BARCELONA (Reuters) – The world’s biggest mobile brands will jostle for the spotlight at the premier mobile industry event this week in Spain, but away from the glitzy displays chipmakers will be preoccupied with China, the largest mobile market on the planet.
From Qualcomm and Intel to MediaTek, Marvell and Broadcom, the suppliers of the crucial components that power smartphone applications and drive high-speed wireless connections are scrambling to capitalize on opportunities taking shape as Chinese brands and telecoms carriers such as China Mobile gear up for 4G LTE, or Long-Term Evolution.