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Chip manufacturing equipment supplier Lam Research forecast second-quarter revenue slightly below Wall Street estimates on Wednesday due to weak memory chip demand, even though its China business continues to boom.
Reuters
Despite signs that inflation has started to recede, economists still expect higher interest rates to push the US economy into a recession in the coming year, according to The Wall Street Journal's latest quarterly survey.
Wall Street Journal
Apple navigated pandemic-related supply chain issues better than rivals at the end of 2021, likely helping the iPhone maker surpass Wall Street revenue growth targets of 6%, some analysts estimate.
Reuters
Microsoft posted its most profitable quarter on Tuesday, beating Wall Street expectations for revenue and earnings, as PC sales declines stemming from a global chip shortage were more than made up for by a boom in cloud services.
Reuters
Skyworks is paying US$2.75 billion to diversify its business away from Apple. Wall Street thinks the chip maker is getting a bargain.
Wall Street Journal
Micron Technology on Wednesday forecast fiscal third-quarter revenue above Wall Street estimates due to a rise in demand for memory chips thanks to 5G smartphones and artificial intelligence software that is pushing memory chip prices upward.
Reuters
Broadcom shares fell after the company's main chip division reported revenue that just missed Wall Street estimates.
Yahoo! Finance
A new president took office this month determined to fight climate change. Wall Street investors think Tesla is worth more than General Motors, Toyota, Volkswagen and Ford put together. And China, the world's biggest car market, recently ordered that most new cars be powered by electricity in just 15 years.
New York Times
Tesla may be the new kid on the block in the auto industry, but it's quickly become a big kid on Wall Street.
CNN
It has been a rough quarter for the US economy, with the country plunging into a pandemic-fueled recession. Yet the stock market is alive and kicking - in fact, it's having its best quarter in more than 20 years.
CNN
IBM may be one of the most iconic American technology companies, but Wall Street no longer views Big Blue as an innovator in a tech landscape dominated by the likes of Amazon, Apple and Google owner Alphabet.
CNN
Wall Street rebounded on Wednesday as investor optimism got a boost from U.S. President Donald Trump's remarks that talks with China on an interim trade deal were going "very well."
Reuters
Ming-Chi Kuo of TF International Securities, the most widely followed Apple analyst on Wall Street whose calls typically move the stock, says demand for iPhones is falling way short.
CNBC
Wall Street is braced for delays to the launch of the next iPhone, as supply shortages and manufacturing problems threaten to push the smartphone's release later than Apple's usual September debut.
Finacial Times
Japan Display Inc is in advanced talks to receive a bailout amount of about 75 billion yen ($704.49 million) from Innovation Network Corp of Japan (INCJ), a government-backed fund and the display maker's largest shareholder, the Wall Street Journal reported on Thursday.
Reuters
Demand for semiconductors continued to weaken in the second quarter with some PC assemblers in Asia suggesting a decline in purchases of some parts of as much as 15-20% from the second quarter of 2014, according to a report from Wall Street analysts at Deutsche Bank.
EE Times
The next generation of Google Glass may have new guts, according to The Wall Street Journal (subscription required), which expects a deal between Google and Intel.
EE Times
As the PC market continues to tip further into free fall - with IDC forecasting a 7.8% sales decline this year - one Wall Street analyst suggested Tuesday that PC buyers will continue to wait for Windows Blue and the second half of 2013 to upgrade their PCs.
PC World
IT bellwhether IBM missed Wall Street's revenue projections for Q1 by a smidgen but beat expectations for bottom line growth.
The Register
Their causes include such diverse issues as global warming, gas prices and corporate greed - though most seem to be fueled by the common thread of anger at the wealthy and powerful at the expense of the middle class and less fortunate.
ABC News
A Wall Street analyst has predicted that Intel may acquire Micron Technology as the move would diversify its product offerings.
International Bussiness Times
Wall Street ended one of its most dizzying, volatile weeks in history on a relatively quiet note Friday...
CNNMoney
The company's revenue outlook for the current quarter was also higher than what Wall Street anticipated.
Forbes
Finacial Times
The devastation in Japan is set to worsen the negative short-term sentiment gripping a vulnerable US stock market, with companies exposed to Japan and the nuclear energy sector likely to take the biggest hits.
Reuters
First Solar reported a 10% rise in fourth-quarter earnings, beating Wall Street estimates, but the company lowered the top end of its 2011 sales forecast and its shares fell 4.7% after hours.
Reuters
Flash memory specialist SanDisk topped Wall Street's estimates with its fourth-quarter results, boosted by strength in Asia and its mobile business.
The Street
Verigy has reported a profit for the August-October period, as higher sales of semiconductor test systems helped it come back from a loss a year earlier. The company's guidance fell short of Wall Street's expectations, however.
ABC News
Analysts expect Qualcomm to benefit from new drivers in the market, including the launch of the revamped Windows Phone platform and the expected expansion of Apple's iPhone to new carriers in 2011.
Marketwatch.com (Dow Jones)
A vigorous post-Labor Day Democratic offensive has failed to diminish the resurgent Republicans' lead among likely voters, leaving the GOP poised for major gains in congressional elections two weeks away, according to a new Wall Street Journal/NBC News poll.
Wall Street Journal
Kaufman Bros. analyst Shaw Wu: "Our sources believe these likely represent new high-end and low-end iPhone models to complement its current iPhone 4...One possibility we are picking up is a ?嚙練ini' or ?嚙緯ano' iPhone with a smaller candybar form factor leveraging technology in its new mini touchscreen iPod nano."
Softpedia
Applied Materials has forecast quarterly results that beat Wall Street estimates, with demand for its chip-making gear holding up despite fears of weakening technology spending. But the company warned that sales of solar and energy equipment would slide 10-20% this quarter.
Reuters UK
Indonesia has no plans to ban services for RIM's BlackBerry services, according to a Wall Street Journal report Thursday, citing an information ministry statement, whch said it has "no plan whatsoever to implement the banning policy which is being undertaken by United Arab Emirates, as we haven't seen any urgency ... also because there's no specific regulation regarding this issue," according to the report.
Marketwatch.com (Dow Jones)
Chip equipment maker Veeco Instruments has posted a second-quarter profit that surpassed Wall Street expectations, helped by strong LED and solar orders, and forecast a strong third quarter.
Reuters UK
Following a third consecutive record-breaking sales quarter reported by Xilinx Wednesday (July 22), at least one Wall Street analyst reiterated his contention that extending lead times by the leading FPGA supplier put it at risk of double ordering.
EE Times
Nokia, which is losing market share in high-end smartphones as it struggles to finish the flagship N8 device, has seen two-thirds of its market value wiped out since Apple's 2007 introduction of the iPhone. The company may name a new CEO to replace Olli-Pekka Kallasvuo as early as this month, the Wall Street Journal reported yesterday.
Bloomberg
Texas Instruments has said weaker-than-expected orders from one mobile phone customer, identified as Nokia by some analysts, caused second-quarter revenues to miss Wall Street forecasts.
ABC News
An iPhone 4 recall would cost Apple $1.5 billion, a Wall Street analyst estimated on Tuesday.
CBS News
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