Noel's Feed
Nov 1, 2013

Shareholders voice displeasure with Oracle’s pay watchdogs

SAN FRANCISCO (Reuters) – Shareholders in Oracle Corp (ORCL.N: Quote, Profile, Research, Stock Buzz) have sent a message to the people who set Chief Executive Larry Ellison’s pay, re-electing the directors on the board’s compensation committee by much smaller margins than the rest of the directors, according to a filing on Friday.

All board members received majority votes by wide margins except for the members of the compensation committee – Bruce Chizen, George Conrades and Naomi Seligman – who each won re-election with margins of about 53 percent or less, including non-voted shares, according to a filing on Friday.

Oct 31, 2013

Oracle shareholders give Ellison’s pay a thumbs down

SAN FRANCISCO (Reuters) – A majority of shareholders opposed Oracle Corp Chief Executive Larry Ellison’s pay in a non-binding vote on Thursday following complaints that the world’s third-richest man makes too much as his company struggles against smaller rivals.

The vote against Oracle’s executive compensation policy adds to a similar defeat at last year’s meeting, and while it requires no changes from the company, it underscores concern among shareholders about high pay in the face of lackluster financial performance.

Oct 29, 2013

Motorola aims for do-it-yourself smartphones

SAN FRANCISCO (Reuters) – Motorola wants to let consumers design their own smarpthones.

The Google-owned manufacturer has launched Project Ara to create a free, open and standardized platform to let people pick and choose the components they want in their phones, Motorola said in a blogpost this week.

Oct 29, 2013

Smartphone shipments jump in third quarter on China demand: IDC

SAN FRANCISCO (Reuters) – Global smartphone shipments jumped 39 percent in the quarter ended September 30, while brisk demand for low-priced Android devices in China eroded Apple’s market share.

With growth in smartphones slowing in the United States and Europe, attention has turned to technology-hungry consumers in developing countries, many of whom favor devices that are less expensive than Apple’s iPhones.

Oct 24, 2013

Tencor quarterly outlook misses Street expectations

SAN FRANCISCO (Reuters) – Chip equipment maker KLA-Tencor Corp forecast earnings and revenue for the current quarter that were weaker than expected by Wall Street as contract manufacturers and memory chipmakers investing in new technology only partly offset a slow PC industry.

The company, whose products are used by chipmakers to measure the effectiveness of complicated manufacturing processes and reduce defects, said it expects an improvement in orders, but its stock fell in extended trade after it gave its earnings and revenue outlook on a conference call with analysts on Thursday.

Oct 23, 2013

Intel’s Dadi Perlmutter to step down in February

SAN FRANCISCO (Reuters) – Intel Corp senior executive David Perlmutter, who developed technology that was key to the success of laptop personal computers, is leaving after 34 years at the chipmaker.

Perlmutter, who was passed over by Intel’s board for the job of chief executive officer earlier this year, will leave in February to pursue other opportunities, the company said in a filing on Wednesday.

Oct 23, 2013

Broadcom, other U.S. chipmakers, leave investors wanting more

SAN FRANCISCO, Oct 22 (Reuters) – A host of U.S. chipmakers
gave quarterly revenue forecasts that disappointed Wall Street
and hurt their shares on Tuesday, including Broadcom Corp
, which said it would lay off over a thousand workers as
it struggles with slow demand for its cellphone chips.

Broadcom, programmable chipmaker Altera Corp and
radio frequency chipmaker RF Micro Devices Inc joined
Intel Corp and Texas Instruments Inc on a
growing list of semiconductor companies that have unveiled
underwhelming quarterly forecasts over the past week.

Oct 22, 2013

Broadcom revenue forecast misses views; shares fall 5 percent

SAN FRANCISCO (Reuters) – Broadcom (BRCM.O: Quote, Profile, Research, Stock Buzz), which faces growing competition in mobile chips, on Tuesday forecast fourth-quarter revenue that was below Wall Street expectations, sending its shares lower even as third-quarter results topped views.

Broadcom also said that during the third quarter it started a restructuring plan to reduce expenses, including cutting its workforce by up to 1,150 employees.

Oct 21, 2013

Texas Instruments fourth-quarter revenue outlook misses Street

SAN FRANCISCO (Reuters) – Texas Instruments Inc (TXN.O: Quote, Profile, Research, Stock Buzz) forecast unexpectedly low fourth-quarter revenue, underscoring concerns about spotty demand for chips for cars, appliances, computers and industrial products and sending its shares lower.

Demand for chips used in cars and communications infrastructure had improved in the third quarter, helping make up for a drop in revenue as TI wound down its unprofitable wireless business.

Oct 21, 2013

Texas Instruments 4th-qtr revenue outlook misses Street

SAN FRANCISCO, Oct 21 (Reuters) – Texas Instruments Inc
forecast unexpectedly low fourth-quarter revenue,
underscoring concerns about spotty demand for chips for cars,
appliances, computers and industrial products and sending its
shares lower.

Demand for chips used in cars and communications
infrastructure had improved in the third quarter, helping make
up for a drop in revenue as TI wound down its unprofitable
wireless business.

    • 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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