Feb 25- Chipmaker Avago Technologies Limited said it expects current-quarter sales to decline 3-6 percent from the first quarter as it lost revenue from a smartphone maker, which analysts said could be Apple Inc.» Read More
Cisco Systems reported a profit that topped expectations as growth in Internet traffic supported sales of network equipment despite concerns of a slowing U.S. economy, and the company affirmed long-term sales targets.
Texas Instruments said its quarterly profit rose from a year ago, but the company lowered its guidance for the second quarter, blaming weak demand for chips used in advanced cell phones.
Advanced Micro Devices posted its sixth consecutive quarterly net loss as it bleeds market share to far larger rival Intel.
Shares of major semiconductor companies and telecom equipment firms rose Wednesday morning as solid a first-quarter report and outlook from chip maker Intel lifted both sectors.
Intel reported lower earnings that matched analysts' estimates, but the company's shares took off in late trading as it gave guidance that was higher than expected.
Advanced Micro Devices said it will cut 10 percent of its work force after first-quarter sales fell more than it had expected.
Intel, the world's largest chip maker, said it isn't seeing a significant drop in demand amid the U.S. slowdown because it exports most of its chips. In fact, the slowdown has even helped Intel as the weak dollar boosts exports.
Micron Technology, the largest U.S. maker of computer memory chips, on Wednesday posted a wider quarterly loss as revenue fell and costs rose amid a persistent slump in memory chip prices.
Chip maker Texas Instruments lowered its outlook for quarterly earnings and revenue in the first quarter on weaker than expected chip demand and its shares fell as much as 5.5 percent.
Analog chipmaker National Semiconductor reported quarterly results in line with lowered expectations, while fellow chipmaker Marvell Technology reversed its quarterly loss from last year.
Advanced Micro Devices announced a new collection of chips that will add better graphics capabilities to the motherboards that connect the different parts of a personal computer.
Intel lowered its gross margin forecast for the current quarter on Monday, citing weaker pricing on certain types of memory chips and the company's shares fell 2 percent in extended trading.
Micron Technology, the largest U.S. maker of memory chips, and smaller rival Nanya Technology have signed an agreement on technology licensing and a possible chip joint venture, sources from both companies said.
Shares of Nvidia suffered their worst one-day loss in more than three years Thursday, a day after the graphics chipmaker reported the first weakening of gross margin in 13 quarters and concerns mounted over competitive risks from rivals ATI and Intel.
Applied Materials posted a lower quarterly profit as revenue declined 8 percent amid a slump in the semiconductor equipment manufacturing industry, but the company's performance beat expectations.
At Intel and Advanced Micro Devices, which together own the market for computer microprocessors, their chief executives had one message for investors this week: "What, me worry?"
Intel shares took a nosedive Wednesday after the chip maker posted fourth-quarter results and a first-quarter outlook behind Wall Street targets.
Intel posted fourth-quarter results and a first-quarter outlook behind Wall Street targets, sending its shares down about 15 percent.
WiMAX, loosely described as “WiFi on steroids,” is finally ready for its close up.
Analysts polled by Thomson Financial expect Intel to report profits of 40 cents a share on sales of $10.84 billion after markets close Thursday.