Palm expects to report fiscal Q1 2007 revenues to be in the range between $354 and $356 million, down about 7% from the earlier guidance of $380 million to $385 million.
Investigators for Hewlett-Packard sought private telephone records of board members while hunting for leaks to the media of confidential company information, the computer maker said in a regulatory filing Wednesday.
AMD today said that it has received approvals to acquire ATI from Canadian Commissioner of Competition and the German Federal Cartel Office. The company also announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired, which implies that the the Federal Trade Commission and the U.S. Antitrust Division of the Department of Justice have been properly notified of the transaction and do not intend to take action against it.
There appears to be little that Intel can currently do to boost its stock price. Even the dramatic restructuring announced yesterday isn't enough to improve the shaky situation of Intel shares.
Vivendi announced that it has agreed to acquire the Bertelsmann Music Group (BMG) for 1.63 billion Euro or about $2.08 billion.
Japanese electronics giant Matsushita, the maker of Panasonic products, has begun recalling some 6000 laptop batteries due to fears that they may overheat, a company spokesman has said.
The prime Minister of India has been called in to resolve a dispute which threatens the development of semiconductor investment in the country.
The average quotes for 17" LCD monitor panels rose $12 in the first half of September to $125, a 10.6% increase from the second half of August and the largest increase during the past two years, according to WitsView Technology.
Worldwide OLED (Organic Light Emitting Diodes) shipments grew 15% on-year to 16.1 million units in the second quarter of 2006, but revenues experienced an annual decrease of 14%, according to research firm Displaysearch.
El Segundo (CA) - The world's largest semiconductor company saw its chip revenues dropping dramatically in the second quarter of this year. Isuppli estimates that the firm's sales pulled back by almost 13%, resulting in a market share off 11.4% - the lowest level since Isuppli began tracking semiconductor sales in 2002.
Electronics manufacturer Sandisk is facing a legal fight over its use of popular MP3 compression technology.
Santa Clara (CA) - Intel today announced a widely expected major restructuring process which will involve laying off and "re-deploying" employees. The company plans to shrink its workforce by 7500 people until the end of the year and by another 3000 during H1 of 2007. "Most" job reductions this year will occur in management, marketing and information technology functions, Intel said.
Shawn Fanning, founder of the Napster file-sharing service, gets another opportunity to shape the music business: Snocap, which he co-founded in 2002, today announced that it will offer artists and labels tools and storefronts to sell music to the MySpace community.
Sources at chipset makers speculate that Intel intends to attract a number of graphics talent with high salaries and preferential welfare benefits at the same time the vendor reportedly is scheduled to soon announce a layoff of 10,000-20,000 employees.
The unit price of AMD Turion 64 X2-based notebooks is on average about $150 less than an Intel Core 2 Duo (Merom)-based notebook, according to product portfolios that notebook vendors have offered.
Royal Philips Electronics announced on September 5 that it will invest in setting up a high-power LED production facility in Singapore.
Samsung Electronics, which was known as a chief advocate of the MultiMediaCard (MMC) format, is said to land microSD card orders from Nokia, according to industry sources considering this as a proof of relatively poor sales of MMC cards.
Revenues from semiconductors saw an 11.5% year-over-year increase in July. Sales of $20.1 billion were also up 1.8% over the June result of $19.8 billion.
Intel may be preparing to announce the major portion of its restructuring efforts next Thursday. According to News.com, Intel will be cutting up to 10,000 jobs and announce such a move next Tuesday after market close.
If Cnet's sources are right, the number of total layoffs would exceed 10% of Intel's workforce.
Intergraph said it has signed a "definitive agreement" to be acquired by an investor group led by Hellman & Friedman and Texas Pacific Group in a transaction valued at approximately $1.3 billion.