Posts tagged 'Intel'

Hard drive shortage hampers Intel

Lisa joined FT Alphaville in September 2011 after a tour of duty through the guts of the financial industry, having worked as an analyst at a bank and for a financial data company. She's now the Head of New Projects for FT.com.

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| Jan 20 2012 10:04 | Comment |

Intel said hard disk drive shortages due to the flooding in Thailand would continue to hit its business in the first quarter after it reported lower fourth-quarter revenues than initially expected. The world’s leading chipmaker by sales had warned in December that revenues would be reduced to about $13.7bn, rather than its previous forecast of $14.7bn, as the worldwide PC supply chain reduced inventories and microprocessor purchases in the wake of halted production of hard drives, reports the FT. On Thursday, it reported fourth-quarter sales of $13.9bn, ahead of revised analyst estimates of $13.75bn, along with profits of 68 cents a share, beating Wall Street forecasts of 61 cents. The WSJ reports that Intel stated that the supply chain disruptions haven’t trickled down to consumers, with no decrease in available PCs to buy on store shelves. Read more

Samsung moves to reduce Google focus

Lisa joined FT Alphaville in September 2011 after a tour of duty through the guts of the financial industry, having worked as an analyst at a bank and for a financial data company. She's now the Head of New Projects for FT.com.

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| Jan 16 2012 20:55 | Comment |

Samsung Electronics is merging its homegrown Bada operating system into a platform backed by Intel, the US chipmaker, to bolster its weak software and reduce its dependence on Google’s Android, says the FT. The move by the world’s largest technology company by sales comes as South Korean groups have privately expressed concern about Google’s $12.5bn acquisition of Motorola Mobility last year, warning of a long-term threat if powerful software producers make their hardware effectively in-house. Samsung builds successful hardware but software is its Achilles heel as it relies on Google to run its premium smartphone models. Analysts have predicted Samsung will seek to both diversify its portfolio of operating systems and acquire outside technology. Read more

Intel cuts revenue forecast by $1bn

Kate is FT AV’s Asia Correspondent. She joined FT Alphaville in mid-2011 after carrying out various roles in the FT’s London office since 2005: interactive editor, companies reporter, and founding editor of the FT’s Energy Source blog.

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| Dec 13 2011 05:05 | Comment |

Intel has warned its fourth-quarter revenues would miss forecasts because of a shortage of hard disk drives created by Thailand’s devastating recent floods, the FT says.  The world’s largest chipmaker by sales said flooding around Thai hard disk drive factories had hit the supply of the components. This meant computer makers were reining in orders of other parts – anticipating cuts in production as they are unable to complete PCs.

  Read more

An Apple a day…

| Jul 20 2011 10:05 | Comment |

… puts a rocket under your share price.

 Read more

Apple preparing for new iPhone launch

Kate is FT AV’s Asia Correspondent. She joined FT Alphaville in mid-2011 after carrying out various roles in the FT’s London office since 2005: interactive editor, companies reporter, and founding editor of the FT’s Energy Source blog.

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| Jul 07 2011 05:31 | Comment |

Apple will soon launch a new model of iPhone, the WSJ says, which will be thinner and lighter with a more powerful camera. Citing people familiar with the situation, the newspaper says Apple has ordered key components for the device and is aiming to launch by the end of September.  The new phone will use Qualcomm chips rather than those made by Intel-owned Infineon, which appear in most versions of its current iPhone 4. Apple is said to be upping the ante against rival Samsung. Meanwhile Reuters reports that a security flaw has been revealed in Apple’s iOS operating system, which is used in iPhones, iPads and iPod Touch devices. The vulnerability could be exploited to gain remote access to the devices, security consultants said. Read more

Apple to give Arm the elbow?

| Jun 07 2011 15:54 | Comment |

ARM Holdings was underperforming the market on Tuesday afternoon, as rumours of a tie-up between Apple and Intel did the rounds.

The story can be sourced to Citigroup analyst Glen Yueng, who reckons a foundry relationship might be formed between Apple and Intel. Read more

Intel claims 3D chip revolution

Izabella Kaminska joined FT Alphaville in October 2008. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP's internal magazine.

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| May 05 2011 09:52 | Comment |

Intel has claimed the biggest breakthrough in microprocessor design in more than 50 years, raising the stakes significantly for rivals in the increasingly capital-intensive global chip industry, reports the FT. The world’s biggest chipmaker said on Wednesday that it would begin producing chips this year using a revolutionary 3D technology that has been nearly a decade in the making, and which it said would act as the foundation for generations of computing advances to come. Microchip transistors, the building blocks of electronics, have to date been produced in flat structures – akin to printing on a sheet of paper. Intel’s breakthrough involves producing more complex three dimensional transistors on chips. Read more

Applied Materials to buy Varian for $4.9bn

| May 05 2011 04:20 | Comment |

Applied Materials, the US semiconductor equipment maker, plans to buy rival Varian Semiconductor in a $4.9bn cash deal, reports the FT. California-based Applied Materials said the deal would give it access to new technology for the fast-growing smartphone and solar equipment markets. The $63 a share purchase marks a 55% premium to Varian’s closing price of $40.55 on Tuesday. Shares in Varian, which this week reported a 79% annual leap in first-half revenues to $572.7m, surged 51% to $61.40 in pre-market trade on Wednesday, while Applied Materials rose 9 cents to $15.24. Meanwhile Intel, to which Applied Materials supplies manufacturing equipment, on Wednesday claimed the biggest breakthrough in microprocessor design in more than 50 years, potentially sharply raising the stakes for its rivals. Read more

Tech earnings provide cheer

Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)

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| Apr 20 2011 09:08 | Comment |

Earnings reports from Intel and IBM have revealed an unexpected rebound in business spending, indicating optimism about economic recovery, the FT reports. Intel reported revenues of $12.8bn, up 25 per cent on a year ago, while IBM’s revenues were up 8 per cent to $24.6bn, its highest in a decade. Businesses have pumped up their spending on servers and data hardware necessary for cloud and mobile computing, the WSJ says. Even Intel’s personal computing revenues posted a strong performance, defying analyst forecasts of competition from tablet computers. The upbeat earnings sent Asia stocks and commodities higher on Wednesday, Reuters reports. Read more

IT spending rebound lifts Intel and IBM

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Apr 20 2011 05:29 | Comment |

The computing industry has benefited this year from an unexpected rebound in business spending on information technology in the developed world and continued rapid growth in the emerging markets, according to figures released by some of the industry’s leading names late on Tuesday, the FT writes. The earnings reports from Intel and IBM flew in the face of concerns that sagging consumer spending, flatter PC markets and disruption to supply chains from the disaster in Japan would dent a tech recovery. Read more

ARM moves closer to PC market

| Apr 13 2011 10:10 | Comment |

The FTSE 100 has regained its composure after Tuesday’s wobble and leading the market higher is ARM Holdings.

 Read more

Intel unveils first chip for tablets

| Apr 11 2011 21:27 | Comment |

Intel is launching its first chip designed for tablet computers in an attempt to wrest control of the fast-growing market from UK-based Arm, whose chip architecture is now behind the majority of smartphones and tablets, reports the FT. The world’s biggest chipmaker will on Tuesday announce the availability of “Oak Trail”, the first product released by its newly-formed “netbooks and tablets” group, at a conference in Beijing. Intel expects more than 35 devices to be using Oak Trail starting from May, including ones from Fujitsu and Lenovo. Read more

Intel boosts dividend and stock buy-backs

| Jan 24 2011 21:20 | Comment |

Intel has boosted its dividend payments by the largest amount in five years and added $10bn to its stock buy-back plans, joining a growing list of maturing technology companies that have upped their cash distribution plans to try to revive flagging share prices. The return to big stock buy-backs by such companies marks a return to confidence following the financial crisis and recession, reports the FT. Most cut back sharply on repurchases in 2009 to conserve funds, only to see cash reserves build up quickly as the crisis proved short-lived. The Intel move lifted shares in the world’s largest chipmaker by nearly 2 per cent in early Monday trading in the US to $21.14, though they missed out on the broader Nasdaq rally of the past six months. Read more

Intel builds a $9bn deathstar to kill the rebels

| Jan 14 2011 11:10 | Comment |

Perhaps Jim ‘Mad Money’ Cramer is right and chip designer Arm Holdings really is significantly undervalued.

In the wake of Intel’s forecast-busting earnings overnight, shares in the Cambridge-based company charged to their highest level in a decade on Friday: Read more

Intel upbeat after strong earnings

Tracy Alloway used to be deputy editor of FT Alphaville. Here she learned the details of derivatives, the absurdities of accounting and the various structures of ... erm ... structured finance. She now covers big US banks for the FT paper, including Goldman Sachs and Morgan Stanley. She pops up on FT Alphaville every once in a while.

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| Jan 14 2011 10:05 | Comment |

Intel shrugged off concerns that its core PC market is under pressure from tablets and smartphones, reporting strong fourth-quarter earnings and giving an upbeat forecast for this year, the FT says. The world’s biggest chipmaker reported fourth-quarter earnings ahead of Wall Street expectations, with profits of 59 cents a share on revenues of $11.46bn. Analysts expected 53 cents a share on sales of $11.36bn, according to a Bloomberg survey. The New York Times reports Intel sexpects the strong sales gains to continue through the first quarter, forecasting revenue of $11.1bn to $11.9bn. Read more

Intel upbeat after strong earnings

| Jan 14 2011 04:19 | Comment |

Intel shrugged off concerns that its core PC market is under pressure from tablets and smartphones, reporting strong fourth-quarter earnings and giving an upbeat forecast for this year, reports the FT. The world’s biggest chipmaker reported fourth-quarter earnings ahead of Wall Street expectations, with profits of 59 cents a share on revenues of $11.46bn. Analysts expected 53 cents a share on sales of $11.36bn, according to a Bloomberg survey. Read more

Arm and Mad Money [updated]

| Jan 11 2011 10:50 | Comment |

Arm Holdings is in the charge again on Tuesday morning:

 Read more

Strong ARM [updated]

| Jan 06 2011 09:29 | Comment |

The (dramatic) price action in ARM Holdings Thursday morning:

 Read more

Intel wins US approval for McAfee deal

| Dec 22 2010 09:58 | Comment |

Intel has won approval from the Federal Trade Commission for its proposed $7.68bn acquisition of McAfee, Reuters reports. The chipmaker said it would continue to cooperate with the European Commission’s review of the deal, following concern that McAfee could gain privileged access to security features on Intel’s microprocessor chips, as reported in the WSJ last week. The EU had previously levied a record fine of €1.06bn ($1.39bn) against Intel in 2009 for shutting out rival Advanced Micro Devices. Read more

Intel upbeat as results beat expectations

Izabella Kaminska joined FT Alphaville in October 2008. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP's internal magazine.

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| Oct 13 2010 22:34 | Comment |

Intel reassured markets at the start of the earnings season with third-quarter results ahead of its reduced expectations and a forecast of “healthy worldwide demand” for products for the rest of the year, reports the FT. Amid fears of a double-dip recession, the world’s biggest chipmaker had warned at the end of August of weaker demand than expected for computers in mature markets, reducing its sales forecast from about $11.6bn to $11bn. The “back-to-school” season was disappointing for PC makers in the US. Price-cutting is reported to have led to a recovery in September, meaning the “last four weeks of the quarter were better than we first thought”, according to Paul Otellini, chief executive. This had made Intel more optimistic about the fourth quarter. Intel shares closed at $19.77 in extended trading in New York. Read more

Fed minutes and earnings cheer stocks

Izabella Kaminska joined FT Alphaville in October 2008. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP's internal magazine.

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| Oct 13 2010 22:26 | Comment |

The FTSE All-World equity index rose 1.5 per cent to 209.3 on Wednesday, its best level since April, and gold has hit a new record and the dollar is falling, after traders got what they wanted from the minutes of the latest Federal Reserve meeting, the FT reports. The Fed’s notes said that a majority of members viewed their September discussion as an acknowledgment that looser policy would be needed “before long”: a strategy, known as QE2, that many investors reckon will support asset prices and, hopefully, reinvigorate the weak economic rebound. Also contributing to Wednesday’s upbeat mood were better than expected figures from Intel and CSX, which lifted industrials and tech groups globally. In Europe, Dutch chip equipment maker ASML also delivered strong Q3 earnings and a positive view of trading for the rest of the year. The S&P 500 on Wall Street was up 0.7 per cent to a fresh five-month high, though financial groups weighed as worries for bank mortgage losses grew in spite of JPMorgan’s strong results. Read more

Google searches for offbeat tech investments

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Oct 13 2010 05:08 | Comment |

Driverless cars, wind turbines, lunar robots, genetic profiling and human-powered monorails. Few would immediately connect these fields of research with an internet search engine, the FT reports. Yet Google has put hundreds of millions of dollars behind companies working on these areas and many more as part of an ambitious long-range investment programme. Many technology companies have vast cash reserves that some shareholders would like to see put to greater use. IBM, Microsoft and Intel all invest substantial sums in early-stage start-ups and pioneering research, but Google – with more than $30bn in cash on its balance sheet – is prepared to push the boundaries further. Read more

Intel beats forecasts on third quarter

Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)

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| Oct 12 2010 22:32 | Comment |

Bellwether US company Intel has posted third-quarter profits that ranked slightly above analyst forecasts, having warned in August that it might face weak consumer demand for personal computers, Reuters reports. Intel unveiled profits of 52 cents per share rather than the 50 cents per share that had been expected. Revenues of between $11bn and $11.8bn were forecast for the fourth quarter — edging just ahead of estimates of $11.3bn, according to Bloomberg. Intel, the world’s top microchip maker, also faces reduced demand for chips from customers who have already built up inventories, while investors also look to most tech consumer growth to come from the market for smartphones and devices like Apple’s iPad, in which Intel has little presence. Read more

Oracle earnings calm the market

Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)

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| Sep 17 2010 09:36 | Comment |

Oracle eased anxieties in the technology sector with forecast-beating first-quarter earnings as its software business grew strongly in all regions and its hardware arm grew faster than expected, the FT reports. Oracle’s earnings contrast with Intel’s profit warning three weeks ago, which foresaw a $500m shortfall in sales. Oracle’s reported software sales leapt 25 per cent to $1.3bn, beating analyst forecasts by some margin, Reuters reports. Blackberry maker Research in Motion also surprised the market with superior sales, according to Bloomberg. Read more

Oracle earnings ease tech fears

| Sep 17 2010 05:31 | Comment |

Oracle rose 4% to $26.40 in extended trading in New York on Thursday after the US tech giant reported better than expected first-quarter earnings on the back of strong growth in its software business in all regions and its hardware arm, reports the FT. Intel, a key rival, sparked concerns three weeks ago by warning of a revenue shortfall of about $500m in 3Q sales on weaker demand for consumer computers. Oracle, by contrast, reported sales of $7.59bn, up an annual 50% and ahead of an analyst consensus of $7.32bn. Earnings of 42 cents a share were up 38% and beat the Wall Street forecast of 37 cents. Read more

(H)ARMless bid rumours

| Sep 14 2010 14:19 | Comment |

It seems somebody doesn’t believe Apple, Intel, Samsung or some other big company is going to launch a cash offer for the UK chip designer.

That somebody is actually several Arm executives and a handful of non-executive directors who have just declared the sale of around  725,000 shares. (Note that these disposals follow a flurry of selling at the start of August). Read more

HP heads back unto the (M&A) breach

| Sep 13 2010 15:55 | Comment |

Ho hum. Another day, another Hewlett-Packard bid…

The acquisitive US tech giant is nearing a deal to buy US security software maker ArcSight, fresh from its $2.35bn victory in a bidding war against Dell for data storage company 3Par, reports the FT. Read more

Intel acquires Infineon unit

| Aug 31 2010 04:46 | Comment |

Intel on Monday bought its way into the smartphone business with the $1.4bn acquisition of Infineon’s wireless chip operations, reports the FT. As part of the deal, the world’s biggest chipmaker will gain its German rival’s baseband radio chips which feature in Apple’s iPhone. One analyst told DealBook that the price tag was “fair,” and that the deal “smart and well-timed” but predicted the equity market “will give Infineon only very brief credit for the disposal.” Read more

Intel seals $1.4bn Infineon wireless deal

Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)

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| Aug 30 2010 09:20 | Comment |

Intel will buy Infineon’s wireless chip unit for $1.4bn, Reuters reports. The deal is Intel’s second large acquisition in a fortnight, following its $7.7bn offer for McAffee, and will enable the chipmaker to make a bigger play for the smartphone market. The Infineon unit makes the chips used inside Apple iPhones, the FT notes, while McAffee will provide security solutions for the mobile wireless market. All the same, Intel made its last round of cellphone acquisitions during the dotcom bubble, and had largely sold them off by 2006 after dragging on its earnings, the WSJ observes. Read more

Intel seeks Infineon chip business

| Aug 30 2010 05:10 | Comment |

Intel, the US chipmaker, was on Sunday close to agreeing a deal to buy the wireless chip business of Germany’s Infineon, reports the FT, citing people familar with the talks. A deal could be announced as soon as Monday with Intel paying about $1.4bn for the unit, which makes the chips used in Apple’s iPhones, although the talks could yet collapse, they warned. Intel’s move comes in the wake of its $7.7bn agreement this month to buy McAfee, the US security software company. The WSJ adds that Korea’s Samsung Electronics and US chipmaker Broadcom were among other companies interested in the Infineon unit. Read more

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