Chips Technologies Inc

Intel Corp. said the Federal Trade Commission will notify the company by Jan. 9 whether it will oppose Intel's proposed $420-million cash acquisition of semiconductor maker Chips & Technologies Inc. Intel also said it has extended to Jan. 19 its cash tender offer for Chips & Technologies, the biggest maker of products that speed the display of images on laptop computers, the fourth time the world's largest computer chip maker has done so as the FTC is looking into the proposed acquisition.

Intel Corp. on Tuesday said fourth-quarter earnings fell a less-than-expected 8.9%, the second major technology company to raise investor expectations that the industry can overcome the Asian economic turmoil. Santa Clara-based Intel said warned its first-quarter revenue would be flat with fourth-quarter revenue of $6.5 billion. It said results were weakened by slower demand for computers in South Korea and other Asian countries, offset somewhat by strength in China.

Intel Corp. and Chips & Technologies Inc. said they received a request from the Federal Trade Commission for additional information on Intel's proposed $420-million takeover of the San Jose-based specialty chip maker. The companies said they will comply with the commission's request. They reached agreement July 28 for Intel to buy Chips & Technologies for $17.50 a share in cash.

Intel Corp. said the Federal Trade Commission will notify the company by Jan. 9 whether it will oppose Intel's proposed $420-million cash acquisition of semiconductor maker Chips & Technologies Inc. Intel also said it has extended to Jan. 19 its cash tender offer for Chips & Technologies, the biggest maker of products that speed the display of images on laptop computers, the fourth time the world's largest computer chip maker has done so as the FTC is looking into the proposed acquisition.

Chips & Technologies Inc. is about to give Intel Corp. some direct microprocessor competition, further breaking Intel's near monopoly position for the key computer technology, analysts said Wednesday. Chips is expected to introduce a rival Intel-compatible microprocessor at a news conference on Sept. 30, although the San Jose-based company isn't releasing any details or confirming the announcement.

Intel Corp. on Tuesday said fourth-quarter earnings fell a less-than-expected 8.9%, the second major technology company to raise investor expectations that the industry can overcome the Asian economic turmoil. Santa Clara-based Intel said warned its first-quarter revenue would be flat with fourth-quarter revenue of $6.5 billion. It said results were weakened by slower demand for computers in South Korea and other Asian countries, offset somewhat by strength in China.

In a tumultuous day in the semiconductor industry, Intel Corp. and National Semiconductor Corp. announced separate deals Monday that reflect vastly different notions about the future of computers. Intel started the hectic day by announcing that it would spend $420 million in cash to purchase Chips & Technologies Inc., a San Jose company that is a leader in chips that improve the ability of portable computers to process graphics.

Four small technology companies are expected to unveil a group of products this week that they say could bring a second wave of IBM-compatible personal computers to market by the spring. One company, Chips & Technologies Inc., has already built one of the first prototypes of the IBM PS/2 Model 50, according to a spokeswoman, although it will show the machine at a press conference Wednesday in New York.

In the classic tradition of the Silicon Valley entrepreneur, Gordon Campbell has struck it rich in the computer chip business. The company he founded less than six years ago, Chips & Technologies, had sales of nearly $300 million last year, and Campbell himself has amassed a fortune. But unlike traditional semiconductor companies, Chips & Technologies does not actually manufacture anything.

Texas Instruments Joins Lawsuit Over 386 Chip: Seeking to defend an agreement under which it will manufacturer a version of the 386 microprocessor developed by Chips & Technologies, Texas Instruments became a party to the patent-infringement lawsuit that Intel has filed against Chips. Texas Instruments will argue that whether or not the Chips design infringes on Intel's 386 patents--and Chips says it does not--any 386s it builds are protected by a broad cross-licensing deal with Intel.

Ford Motor Co. on Wednesday said its third-quarter profit rose 62%, beating estimates and setting a record for the period, in a performance analysts say the auto maker may be hard-pressed to repeat amid an onslaught of competition for its popular sport-utility vehicles. The world's second-largest auto maker said net income rose to $1.13 billion, or 90 cents a fully diluted share, from $694 million, or 53 cents, before special items in the year-earlier period.

Intel Corp. and Chips & Technologies Inc. said they received a request from the Federal Trade Commission for additional information on Intel's proposed $420-million takeover of the San Jose-based specialty chip maker. The companies said they will comply with the commission's request. They reached agreement July 28 for Intel to buy Chips & Technologies for $17.50 a share in cash.

In a tumultuous day in the semiconductor industry, Intel Corp. and National Semiconductor Corp. announced separate deals Monday that reflect vastly different notions about the future of computers. Intel started the hectic day by announcing that it would spend $420 million in cash to purchase Chips & Technologies Inc., a San Jose company that is a leader in chips that improve the ability of portable computers to process graphics.

Texas Instruments Joins Lawsuit Over 386 Chip: Seeking to defend an agreement under which it will manufacturer a version of the 386 microprocessor developed by Chips & Technologies, Texas Instruments became a party to the patent-infringement lawsuit that Intel has filed against Chips. Texas Instruments will argue that whether or not the Chips design infringes on Intel's 386 patents--and Chips says it does not--any 386s it builds are protected by a broad cross-licensing deal with Intel.

Continuing an aggressive legal strategy aimed at fending off competition in key markets, Intel Corp. has filed a patent infringement suit against Chips & Technologies of San Jose, which has begun marketing a microprocessor, or computer-on-a-chip, that mimics the functions of Intel's 386 chip. Texas Instruments on Monday confirmed that it had agreed to make 386 chips based on the Chips & Technologies design, and said that it would go ahead despite the lawsuit.

Chips & Technologies, a San Jose-based company that pioneered the controversial strategy of designing computer chips and then sub-contracting the manufacturing, said Tuesday that it will post a substantial loss for its latest quarter and lay off 20% of its work force. The retrenchment, including the sale of one product line, is the latest in a string of reversals for the once-highflying firm and its chief executive, Gordon Campbell.

Chips & Technologies, a San Jose-based company that pioneered the controversial strategy of designing computer chips and then sub-contracting the manufacturing, said Tuesday that it will post a substantial loss for its latest quarter and lay off 20% of its work force. The retrenchment, including the sale of one product line, is the latest in a string of reversals for the once-highflying firm and its chief executive, Gordon Campbell.

In an effort to further loosen Intel's stranglehold on the personal computer chip market, Chips & Technologies today will roll out a series of products designed to form the brains inside IBM-compatible PCs. The announcement will make C&T the second vendor, after Advanced Micro Devices, to offer chips that are compatible with Intel's highly successful 386 series of microprocessors, or computers on a chip.