Computer Storage and Peripherals
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SAN JOSE, Calif.-- Brocade Communications Systems Inc., a maker of computer networking technology, said Thursday that fiscal second-quarter sales fell because of a slowdown in the storage market. Net income rose 20 percent, to $47 million, or 10 cents per share, in the February-April quarter, from $39.3 million, or 8 cents per share the year before.
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SAN JOSE, Calif.-- Brocade Communications Systems Inc., a maker of computer networking technology, said Thursday that fiscal second-quarter sales fell because of a slowdown in the storage market. Net income rose 20 percent, to $47 million, or 10 cents per share, in the February-April quarter, from $39.3 million, or 8 cents per share the year before.
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NEW YORK-- Shares of The ExOne Co. tumbled Wednesday after the three-dimensional printer maker announced worse-than-expected quarterly results and issued a disappointing forecast. THE SPARK: ExOne said late Tuesday that it posted a loss of $1.9 million, or 20 cents per share, in the first quarter, compared with a loss of $1.5 million in the same quarter a year ago.
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Mobile computing is bad news for the hard-drive business, Kynikos Associates founder Jim Chanos told the audience at the Ira Sohn investment conference Tuesday.
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*Third-quarter adjusted earnings $1.26/ shr vs est $1.15/ shr. May 1- Hard disk drive maker Seagate Technology Plc reported better-than-expected quarterly results on higher sales of its internet storage devices, and said it expects demand and pricing in the business to rise in the second half.
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May 1- Hard disk drive maker Seagate Technology Plc posted better-than-expected quarterly results after it cut costs in the face of declining PC sales.
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April 24- Hard disk drive maker Western Digital Corp posted better-than-expected third-quarter revenue, helped by higher demand from enterprise customers. Net income for the company, which along with Seagate Technology Plc dominates the hard disk drive market, fell to $391 million, or $1.60 per share, from $483 million, or $1.96 per share, a year earlier.
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*Firmer yen, weak U.S. and China data dent exporters& industrials. *BNP Paribas, Nomura lift year-end Nikkei target.
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IDC report shows much greater declines in PC shipments than expected, but a long piece on the semiconductor industry by Barclays is also getting a lot of attention.
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April 10- ExOne Co, the 3 D printer maker that went public in February, expects its gross margin to exceed 50 percent within three years, catching up with those of its main competitors, the company's chief executive said.
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*Italy energy storage market to be worth 3 bln euros in 2020- BIP. Italy has some of the highest power prices in Europe and is looking at how to cut costs to allow its businesses to compete. "Germany and Italy will be explosive markets for residential storage and big energy users are also starting to show an interest.
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*Italy energy storage market to be worth 3 bln euros in 2020- BIP. Italy has some of the highest power prices in Europe and is looking at how to cut costs to allow its businesses to compete. "Germany and Italy will be explosive markets for residential storage and big energy users are also starting to show an interest.
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Feb 24- Hewlett-Packard Co announced the launch of a $169 tablet powered by the Android operating system, a centerpiece of the company's effort to expand in mobile devices and reduce its dependence on the shrinking personal computer market.
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*Facebook, Apple bulk orders shift by two quarters. Jan 30- Fusion-io Inc slashed its fiscal 2013 revenue forecast as key customers Facebook Inc and Apple Inc delayed orders, sending the storage drive maker's shares down 21 percent after the bell.
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Jan 30- Storage drive maker Fusion-io Inc forecast current-quarter revenue below analysts' estimates as Facebook Inc and Apple Inc delayed bulk orders, sending its shares down 21 percent after the bell. Facebook accounted for 30 percent of Fusion-io's total sales of $359.3 million in the year ended June 30, while Apple accounted for 25 percent.
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Jan 30- Storage drive maker Fusion-io Inc forecast current-quarter revenue below analysts' estimates, sending its shares down about 21 percent after the bell. Fusion-io, whose competitors include OCZ Technology Group Inc and Stec Inc, said it expects third-quarter sales of about $80 million, much lower than the average analyst expectation of $137.2 million.
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Jan 30- Research In Motion Ltd has launched its new line of re-engineered BlackBerry smartphones, taking the wraps off the long-delayed devices at a series of events around the world on Wednesday.
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Like other memory chipmakers, SanDisk has been hurt in recent quarters by a drop in prices for NAND flash chips used in smartphones, cameras, storage drives and tablets to store data such as movies and photos.
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Like other memory chipmakers, SanDisk has been hurt in recent quarters by a drop in prices for NAND flash chips used in smartphones, cameras, storage drives and tablets to store data such as movies and photos. In its earnings report on Wednesday, SanDisk said its growing solid-state drive business accounted for 10 percent of fourth-quarter revenue.
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SAN FRANCISCO, Jan 23- Chipmaker LSI Corp posted fourth-quarter revenue that was above expectations despite slow PC sales and a weak economy that have created uncertainty around demand for storage controllers. LSI estimated current-quarter revenue from continuing operations would be between $535 million and $575 million.
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Like other memory chipmakers, SanDisk has been hurt in recent quarters by a drop in prices for NAND flash chips used in smartphones, cameras, storage drives and tablets to store data such as movies and photos. In its earnings report on Wednesday, SanDisk said its growing solid-state drive business accounted for 10 percent of fourth-quarter revenue.