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Stocks were hit by another late-session selloff as investors remained jittery after the market's worst week in four years. "I think it's just indicative of what the market is going to look like for the next couple of weeks, it's going to be very choppy," said Dan McMahon, head of listed trading at CIBC World Markets.
The company, which trails Intel in the market for computer chips, said revenue would fall short of its earlier quarterly target of $1.6 billion to $1.7 billion.
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Microsoft Vista officially hits store shelves at midnight Monday, and that's leading to a lot of speculation as to what the release will mean for the world's largest software company. So what does this actually mean for Microsoft?
The first shots in the war for the microprocessor of the future have been fired over the weekend. The two leading chipmakers, Intel and IBM, came out with similar announcements this weekend that they have made major advancements in microchip technology. Jim Goldman had the story for “Morning Call” from San Jose, CA.
In dueling announcements, Intel and IBM separately say they have solved a puzzle perplexing the semiconductor industry about how to reduce energy loss in microchip transistors as the technology shrinks to the atomic scale.
Intel Chairman Craig Barrett said that that the average selling price of its semiconductors actually rose last quarter. Speaking at the World Economic Forum in Davos, Switzerland Barrett also spoke about providing incentives for math and science education and whether companies can profit from environmental measures.
It was a record day for stocks as every sector finished the day in positive territory. The Dow Jones Industrial Average closed at an all -time high while the Nasdaq and S&P 500 were boosted by strength in tech shares. The S&P 500 finshed the day at a new six-year high.
Could Tuesday be a weirder day for tech earnings? Sun surprises (good). AMD posts a loss despite pre-announcing a week-and-a-half ago, surprises (bad). Yahoo comes in as expected, and the stock dips. But then, it issues surprisingly good progress on Panama (very good!).
Advanced Micro Devices posted a fourth-quarter loss of $1.08 a share. Excluding charges related to the acquisition of ATI, AMD lost 4 cents a share -- well below estimates of 10-cent a share profit.
Sun returned to solid profitability Tuesday after years of red ink, easily exceeding Wall Street's tepid expectations thanks to the growing popularity of its corporate computers and its newest operating system for servers. The server and software maker also announced that KKR Private Equity Investors would invest $700 million in the company.
Stocks in the U.S. for now look headed to open flat to lower-- after yesterday's rocky trading. Europe is moving lower and oil is getting a lift from cold weather. Some big companies will roll out earnings reports today, to a market that has become hypersensitive to corporate earnings growth. Bank America, Johnson & Johnson and DuPont all report today.
Stocks ended sharply lower after a day long selling spree, sparked by worries corporate earnings growth is showing signs of weakening.
Sun Microsystems tapped semiconductor maker Intel to supply it with chips for servers and workstations, and the chief executive officers of both companies told CNBC they'll work together to develop future products and promote one another's technology.
Stocks in the U.S. are leaning towards a higher open, as investors brace for a barrage of earnings news. Oil is bucking its recent downtrend and is slightly higher as cold weather finally settles into the Northeast. European stocks are trading higher, helped by mining, metals and oil stocks. Asian markets closed higher with Tokyo at a 9-month high.
January has proven to be quite the busy month. We went from the Consumer Electronics Show, to Macworld, and then right into earnings season. And while there have been few tech surprises so far, this week promises to be filled with major headlines.
Intel's fourth-quarter profit fell 40% as the world's largest chip maker endured a painful price war with much-smaller rival Advanced Micro Devices and continued to pay for a massive restructuring.
European Commission staff have again asked the EU's antitrust chief for permission to prepare charges against Intel, part of a long process that faces further hurdles, a source familiar with the case said.
Stocks in the U.S. are seeking direction and are looking mostly higher in mixed action ahead of the open. Earnings news from big names like Intel and J.P. Morgan are making headlines, and the markets are watching for PPI inflation data this morning and the Fed's Beige Book at 2 pm. Oil slumped below $51 a barrel this morning after a deep slide yesterday.
The Dow scored its second record close in a row and the Nasdaq had its best week in four months as buyers snapped up oil, financial and technology stocks ahead of next week's earnings reports.