February 4, 1999 |
Shares of Advanced Micro Devices Inc., a leading maker of microprocessors for personal computers, dropped sharply after company executives abruptly and without explanation canceled their presentations at two financial analyst conferences, one here today and another in New York next week. Industry watchers speculated that the move may be related to Tuesday's resignation of Richard Forte from his post as chief executive of AMD's Vantis Corp. subsidiary, a maker of customized processors.
January 22, 1999
In a separate development, Intel said it will put embedded serial numbers on Pentium III chips, due out later this quarter, that will identify the user, the machine and the processor when the system is turned on. The serial-number feature can be turned off if the user doesn't wish to be identified. The measure is part of an effort to improve privacy and security for PCs on the Internet.
January 20, 1999 |
Two semiconductor equipment makers, KLA Tencor Corp. and Novellus Systems Inc., reported on-target quarterly earnings Tuesday, but investors had been hoping for upside surprises and their shares both tumbled as a result. KLA Tencor, based in San Jose, reported second-quarter net income of $10 million, or 11 cents a share, excluding restructuring and acquisition charges, versus $52 million in net income and 59 cents a share a year ago.
November 12, 1998 |
The worldwide market for semiconductors will rise 9.1% to $133.4 billion next year, after a sluggish 1998, when the Asian economic crisis and overcapacity dragged down the industry, the Semiconductor Industry Assn. said. The San Jose-based trade group said in its annual global forecast that global chip sales this year are expected to fall 10.9% to $122 billion. That would mark the first time since 1985 that the entire industry--instead of specific product markets--suffered an overall decline.
June 5, 1998 |
A former president of Milpitas-based California Micro Devices Corp. has pleaded guilty to securities fraud at the start of his trial, prompting a federal judge to declare a mistrial against two other executives. Surendra Gupta was one of several former Cal Micro executives accused of inflating the company's revenue statements to boost stock prices. The former chief accounting officer, Ronald Romito, pleaded guilty to insider trading in December 1995.
April 25, 1998 |
The video CD is sweeping across China, and the low-tech consumer electronics revolution is having an impact on California's two most dynamic industries, technology and entertainment. The sudden emergence of the inexpensive video player here is undercutting the conventional wisdom in the consumer electronics industry that acceptance in U.S. and Japanese markets is the critical test for products ranging from the Walkman to the DVD, the digital alternative to videotape.