October 15, 2008 |
Intel Corp.'s third-quarter profit rose 12%, edging past Wall Street's estimates, but the chip maker cautioned that the pall the financial crisis had cast over the technology sector had made it hard to predict its results for the current period. The company reported after the market closed Tuesday that its profit for the three months ended Sept. 27 was $2.01 billion, or 35 cents a share. That compares with $1.79 billion, or 30 cents, a year earlier. Analysts surveyed by Thomson Reuters expected profit of 34 cents a share.
October 14, 2008 |
Advanced Micro Devices Inc. and Nvidia Corp., the manufacturers of chips that make computer games more realistic, said the Justice Department had closed its probe into their graphics-processor pricing and marketing practices. The Justice Department began investigating Nvidia and AMD's ATI Technologies Inc. unit in 2006 as part of a price-fixing probe of the industry. The decision allows AMD and Nvidia to keep challenging Intel Corp. without the risk of monetary penalties or restrictions to their marketing practices.
August 21, 2008 |
Hoping to plant their flags on the screens of Internet-connected television sets, Intel Corp. and Yahoo Inc. unveiled a new project Wednesday to populate those screens with tiny programs called widgets. Depending on your point of view, the goal is to create a multitasker's dream or an information-overload nightmare: It would let people do things like check their stock prices or peruse their photos, all while watching TV. The notion that the Internet will be the delivery mechanism for TV has been gaining momentum, and the Intel-Yahoo partnership, called the "Widget Channel," reflects the potential.
July 15, 2008 |
Intel Corp. launched a faster version of its Centrino processor, helping laptops use less power yet show high-definition video. Computers with the new package of chips, called Centrino II, are being sold by manufacturers including Hewlett-Packard Co. The Centrino line has fueled Intel's growth since being introduced in 2003. Shares of the Santa Clara, Calif., company fell 17 cents to $20.47.
June 17, 2008 |
Intel Corp. plans to spin off its solar technology business, creating a company called SpectraWatt Inc. and contributing to a $50-million investment in the venture. SpectraWatt will open a plant in Oregon in the second half of the year that will make photovoltaic cells and develop ways to cut the cost of solar technology, Intel said. Shipments will probably start in the middle of 2009, Intel said.
June 10, 2008 |
The Supreme Court has limited the ability of companies to collect multiple royalties on their patents. The unanimous decision Monday was helpful to customers of Intel Corp. and is the latest step by the justices to scale back the power of patent holders. The case revolves around a longtime Supreme Court doctrine that says the sale of an invention exhausts the patent holder's right to control how the purchaser uses it. In 1992, a federal appeals court in Washington, D.C.
June 3, 2008 |
Nvidia Corp. is introducing a product to run wireless devices that browse the Internet. The new Tegra chips are powerful enough to play high-definition video and render 3-D images, according to the company's website. Santa Clara, Calif.-based Nvidia will take on Intel Corp., the world's biggest chip maker, in the market for gadgets that surf websites and download video, such as Apple Inc.'s iPhone.
May 22, 2008 |
Five months ago, Dan Hesse took a job many people didn't want. He was charged with rebuilding Sprint Nextel Corp., the nation's third-largest wireless carrier, which lost 1.2 million subscribers last year. Its stock lost more than half its value in that time, and it was saddled with more than $30 billion in losses from its combination with Nextel Communications -- a deal studied by business school students as one of the worst ever. Hesse, a former chief executive of AT&T Inc.'s wireless unit, took the top job at Sprint and has made bold changes.
May 8, 2008 |
Advanced Micro Devices Inc. plans to sell computer chips with six processors built into one piece of silicon in its effort to wrest sales away from Intel Corp. The six-core "Istanbul" chip will come out in the second half of next year, followed by a 12-processor product, Advanced Micro said.
May 7, 2008 |
Shares of Advanced Micro Devices Inc., the second-largest maker of personal-computer processors, surged the most in more than three months on speculation that it was close to announcing plans to split up the company. Advanced Micro rose 59 cents, or 9%, to $7.12. For the year, the stock is down 5.1%. Investors are betting that the company will soon announce details of a plan to separate its manufacturing business from its chip design and development operations, according to CRT Capital Group analyst Ashok Kumar.