NEW YORK, Oct 10- The Nasdaq dropped more than 1 percent on Friday, continuing a recent bout of weakness as the tech-heavy index was pressured by weakness in semiconductor stocks. "In a vacuum of policy response" to the weakness in Europe, "investors are selling first and asking questions later," said Jim McDonald, chief investment strategist at Chicago- based...
NEW YORK— Semiconductor stocks plunged after Microchip Technology cut its sales outlook for the quarter and warned investors to expect bad news from others in the sector. Microchip Technology Inc., based in Chandler, Ariz., said it now expects second quarter sales of about $546.2 million, down from a range of $560 million to $575.9 million. Microchip dropped...
NEW YORK, Oct 10- The Dow and S&P 500 rose on Friday, modestly rebounding after a sharp decline in the previous session, though weakness in chipmakers limited the Nasdaq's advance. Intel Corp fell 2.4 percent to $32.77 while Texas Instruments sank 6.8 percent to $42.87 and Micron Tech lost 6.1 percent to $28.77. "Investors may have to worry beyond Friday about the...
Semiconductor makers slumped after Microchip Technology cut its sales forecast for the quarter and warned investors to expect bad news from others in the sector. That sent shares lower for Avago Technologies, Intel and Texas Instruments, among others. Microchip Technology declined the most, shedding $5.59, or 12.3 percent, to $39.96.
"Big Bang" actress Mayim Bialik is a self-proclaimed science geek (she has a Ph.D.) and wants to get kids excited about math and science.
BRUSSELS, Aug 26- Qualcomm, the world's No. 1 mobile chipmaker, may face a European antitrust investigation in relation to a four-year-old complaint by a subsidiary of rival Nvidia Corp, three people familiar with the matter said on Tuesday.
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PARIS, July 23- European chipmaker STMicroelectronics forecast revenue growth of about 3 percent in the third quarter, disappointing some analysts who expected a bigger lift from strong global demand for semiconductors. Global spending on semiconductors is expected to rise 6.7 percent this year to $336 billion, according to market researcher Gartner.
PARIS, July 23- STMicroelectronics posted second-quarter revenue and profit that met expectations, driven by sales of chips for cars and industrial products, as it surfed on strong demand that is lifting the entire semiconductor sector.
SAN FRANCISCO, July 22- Broadcom Corp said on Tuesday it is winding down its money-losing cellular baseband chip business and cutting one-fifth of its total workforce, instead of selling the unit.
Some of the names on the move ahead of the open.
SAN FRANCISCO, July 21- Texas Instruments Inc said it expects higher third-quarter revenue following recently improved demand for chips used in cars, industrial equipment and communications gear.
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SAN FRANCISCO, July 21- Texas Instruments Inc said it expects higher third-quarter revenue following recently improved demand for chips used in cars, industrial equipment and communications gear. Chief Financial Officer Kevin March said Texas Instruments' customers appeared to be holding lean inventories of chips, which should help maintain demand.
SAN FRANCISCO, July 21- Texas Instruments Inc posted second-quarter revenue of $3.29 billion, up 8 percent from the year-ago period, and just above Wall Street forecasts following recently improved demand for chips used in cars, industrial equipment and communications gear.
Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.
July 17- Microsoft Corp said on Thursday it would slash up to 18,000 jobs, or 14 percent of its workforce, this year. April 2014- The chipmaker said it had cut 1,500 jobs in Costa Rica. January 2014- Announced plans to reduce its global workforce of 107,000 by about 5 percent this year.
The young guns are out and they're looking to bag some big investing game.
Chipmaker Ambarella may be small, but the company is attracting interest due to a surging stock and a few high-profile clients.