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 22, 1999 |
Cypress Semiconductor Corp., which makes microchips for computers and telecommunications uses, agreed to buy IC Works Inc., a closely held maker of integrated-circuit timing equipment, for about $130.2 million in stock. Cypress, which reported 1997 revenue of about $500 million, will issue 13.7 million shares of its stock to ICW shareholders. ICW has annual revenue of about $70.4 million. San Jose-based Cypress said it expects the acquisition to help it penetrate the PC market.
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.
October 1, 1998 |
Two former executives of California Micro Devices Corp., a semiconductor component maker, were accused of illegal insider trading and financial reporting fraud, the SEC said.