SAN FRANCISCO, April 16- SanDisk Corp increased its outlook for gross margins in 2014 as fast-growing sales of its high-end solid-state drives helped offset volatile prices for memory chips.» Read More
National Security Agency contractor Edward Snowden, revealed that the surveillance programme, codenamed Optic Nerve, saved one image every five minutes from randomly selected Yahoo Inc webcam chats and stored them on agency databases. It was not clear, however, whether the NSA had access to the actual database of Yahoo webcam images, the Guardian reported.
Marvell forecast first-quarter revenue between $870 and $910 million, above analysts' average estimate of $848.94 million, according to Thomson Reuters I/B/E/S. Marvell said results were softer than it expected in the mobile business in the fourth quarter as some customers delayed product launches.
Feb 20- Chipmaker Marvell Technology Group Ltd reported a 20 percent rise in fourth-quarter revenue, helped by strong demand from hard-disk and flash-drives makers. Marvell's net income rose to $106.6 million, or 21 cents per share, in the quarter ended Feb. 1 from $50.2 million, or 9 cents per share, a year earlier.
Hewlett-Packard reported quarterly earnings and revenue that beat analysts' expectations on Thursday.
Feb 5- 3 D Systems Corp slashed its profit estimate for 2013, reviving fears of a bubble in the 3 D printing industry and sending its shares down as much as 28 percent. 3 D Systems cut its 2013 adjusted profit estimate to 83- 87 cents per share from 93 cents- $1.03, citing higher spending on research, manufacturing and marketing.
Jan 28- Printer maker Lexmark International Inc reported better-than-expected quarterly results, helped by higher revenue from its managed print services and software businesses, sending its shares up 7 percent before the bell.
Jan 27- Hard-disk drive maker Seagate Technology Plc's second-quarter results missed analysts' estimates as growth slowed in its cloud storage business, sending its shares down 7 percent in extended trading. O'Malley, who counts Google among Seagate's customers, said cloud comprised 10-15 percent of its total revenue in the second quarter ended Dec. 27.
Jan 27- Seagate Technology Plc reported a 13 percent decline in quarterly profit as demand fell for its hard-disk drives due to declining personal computer sales. Net income fell to $428 million, or $1.24 per share in the second quarter ended Dec. 27, from $492 million, or $1.30 per share, a year earlier.
*2nd- qtr adj profit $2.19/ shr vs est $2.08. *Sees Q3 adj profit $1.80- $1.90/ shr vs est $1.95/ shr. The Irvine, California- based company, which dominates the hard-disk drive market along with rival Seagate Technology Plc, said it expects adjusted profit of $1.80- $1.90 per share on revenue of $3.65- $3.75 billion for the current quarter.
Jan 22- Western Digital Corp, the world's No. 1 hard-disk drive maker, reported a quarterly profit that beat Wall Street estimates, helped by sales of higher-margin data storage products to enterprise customers and gaming console makers.
The company, Typo Products LLC, is currently taking pre-orders for the $99 keyboard, which features angled miniature keys similar to those used on many of BlackBerry's devices. Canada's BlackBerry, a once dominant smartphone maker that has lost market share to the iPhone and other touchscreen devices, said Typo's keyboard infringes its own design.
Dec 23- Seagate Technology Plc said it would buy network and storage equipment maker Xyratex Ltd for about $374 million to strengthen its supply and manufacturing chain for disk drives. Xyratex shares were up 27 percent at $13.25 per share in morning trading, matching Seagate's offer price.
Dec 23- Hard-disk drive maker Seagate Technology Plc said it would buy network and storage equipment maker Xyratex Ltd for about $374 million in cash.
Dec 16- Flash storage provider Violin Memory Inc's board fired its CEO in the wake of a sour IPO and deeper-than-expected quarterly losses, sending its shares sharply higher. In its stock market debut in September, Violin Memory's shares dropped about 22 percent due to concerns about competition.
Dec 16- Avago Technologies Ltd, whose chips are used in Apple Inc's products, said it would buy LSI Corp for $6.6 billion to enter the fast-growing storage chip market. Avago's shares rose nearly 16 percent to $52.97 before the bell on Monday.
Dec 13- Shares of data storage company Nimble Storage Inc jumped as much as 52 percent in their market debut on Friday as technology companies continue to receive investor interest in a surging stock market. Nimble's shares opened at $31.10 and touched a high of $31.94 on the New York Stock Exchange, valuing the company at about $2.25 billion.
Dec 13- Shares of data storage company Nimble Storage Inc rose as much as 50 percent in their market debut on Friday, valuing the company at about $2.21 billion. The California- based company raised $168 million after its initial public offering of 8 million shares was priced at $21 per share, above the expected pricing range of $18- $20.
Nov 27- Solid-state hard drive maker OCZ Technology Group Inc said it had received an offer from Toshiba Corp to buy the company in a planned bankruptcy proceeding. OCZ, which has a market capitalization of $43 million, said it had "substantially completed" negotiations with Toshiba on an asset purchase agreement.
Nov 27- Solid-state hard drive maker OCZ Technology Group Inc said it would file for bankruptcy and that it had received an offer from Toshiba Corp to buy its assets in a bankruptcy proceeding. OCZ said on Wednesday it has "substantially completed" negotiations with Toshiba on an asset purchase agreement.
The company, whose customers include hard disk drive and flash drive makers Western Digital Corp, Seagate Technology and Toshiba Corp, also reported better-than-expected results for the third quarter. Marvell said it expected an adjusted profit of 23- 27 cents per share for the current quarter on revenue of $880 million to $920 million.