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BUSINESS
January 5, 2008 | From Times Wire Services
The founder of the One Laptop per Child project claimed that Intel Corp. undermined his effort to sell $100 computers for schoolchildren in the developing world even after the chip company got a seat on the nonprofit's board. A day after learning that Intel was abandoning his project over "philosophical" differences, the laptop group's founder, Nicholas Negroponte, said Intel's sales representatives had been disparaging One Laptop per Child as they pushed Intel's sub-$300 Classmate PCs. "I want to say we tried, but it was never a partnership," Negroponte said.
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BUSINESS
January 4, 2008 | From Bloomberg News
Intel Corp. dropped support for a foundation working to provide inexpensive laptops to the developing world because the group would endorse only one model of computer. The world's largest chip maker reached a "philosophical impasse" with the One Laptop per Child foundation and founder Nicholas Negroponte, who had asked the company to support exclusively the group's XO laptop, Intel spokesman Chuck Mulloy said Thursday. The XO is built around a chip made by Santa Clara, Calif.
CALIFORNIA | LOCAL
December 6, 2007 | Thomas H. Maugh II, Times Staff Writer
Intel Corp. founder Gordon Moore and his wife, Betty, have donated $200 million to Caltech and the University of California for the construction of the world's largest optical telescope, with a mirror nearly 100 feet across and three times the size of the current record holder. Caltech officials said Wednesday that matching gifts from the two institutions are expected to bring the total to $300 million.
BUSINESS
November 12, 2007 | From the Associated Press
Intel Corp. plans to roll out its newest generation of microprocessors today, flexing its manufacturing muscle with a sophisticated new approach that crams up to 40% more transistors onto a chip. The world's largest semiconductor company plans to start shipping 16 new microprocessors -- which also boast inventive materials to reduce electricity loss -- for use in servers and high-end personal computers.
BUSINESS
October 25, 2007 | From Times Wire Services
Intel Corp. agreed to pay Transmeta Corp. $250 million over five years to end patent lawsuits and license its low-power semiconductor technology. The payments include $150 million upfront and an annual license fee of $20 million for five years, Transmeta said. Intel will be allowed to use all of Transmeta's patents. The dispute centered on which company owned the rights to inventions used in low-power microprocessors for notebook computers.
BUSINESS
October 17, 2007 | Jessica Guynn and Michelle Quinn, Times Staff Writers
Yahoo Inc. is getting its geek on again and investors seem to dig it. Shares in the Sunnyvale, Calif., Internet company climbed more than 9% in after-hours trading Tuesday on the news that third-quarter results beat expectations, sparking optimism about co-founder and Chief Executive Jerry Yang, a Stanford-trained engineer who took over in June. Revenue rose 14% to $1.28 billion, not the $1.24 billion expected, and net income slipped a less-than-anticipated 4.6%, to $151 million from $158.
BUSINESS
September 12, 2007 | From Times Wire Services
Intel Corp. was charged with violating South Korean antitrust laws, the company and regulators said. The Fair Trade Commission said it had completed a probe into Intel's activities in the country, but officials declined to elaborate on the findings. Regulators are deliberating about possible penalties.
BUSINESS
September 11, 2007 | From Times Wire Services
Intel Corp. boosted its third-quarter sales forecast Monday amid stronger-than-expected demand for its microprocessors. The announcement came the day rival Advanced Micro Devices Inc., a smaller chip maker that has struggled financially in recent quarters, hoped to own the headlines with the launch of its new server chip. Intel added $200 million to the top of its financial outlook, saying it now expected sales of $9.4 billion to $9.8 billion in the current quarter.
BUSINESS
July 28, 2007 | Michelle Quinn and Jim Puzzanghera, Times Staff Writers
Intel Corp. may have to change the way it conducts business globally if European regulators prove allegations that the company abused its position as the world's biggest chip maker. The European Commission on Friday formally accused the Santa Clara, Calif., company of practices that violated antitrust laws, such as offering computer makers improper discounts and rebates to discourage them from buying microprocessors from Intel's smaller rival, Advanced Micro Devices Inc.
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