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BUSINESS
February 19, 2011 | By Mark Z. Barabak, Los Angeles Times
President Obama paid a quick West Coast sales call for his education and high-tech agenda, dining with industry royalty at a private meeting in Silicon Valley before touring a state-of-the-art semiconductor plant in Oregon. After visiting with a group of science fair students and peering at the image of atoms seen through an electron magnoscope, Obama renewed the theme sounded in his State of the Union address, with a nod toward his recent focus on deficit reduction. "Even as we have to live within our means, we can't sacrifice investments in our future," Obama told several hundred guests and employees gathered at Intel Corp.
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NATIONAL
February 18, 2011 | By Michael A. Memoli, Los Angeles Times Staff Writer
President Obama on Friday will name Intel CEO Paul Otellini to his Council on Jobs and Competitiveness, tapping a past critic of his policies to an advisory role as he reorients his administration's approach to the economy. The announcement will come in Oregon when Obama tours Intel's advanced semiconductor manufacturing facility as he continues to sell the innovation agenda he announced in his State of the Union address last month. The move mirrors January's announcement of GE CEO Jeffrey Immelt to head the President's Council on Jobs and Competitiveness, which Obama made at that company's New York headquarters.
NEWS
February 18, 2011 | By Michael A. Memoli, Washington Bureau
As Congress debates Republican-backed spending cuts, President Obama again pressed for continued investments in education and manufacturing that he said are critical for sustaining a healthy economy. Speaking at an Intel plant outside Portland, Ore., the president said he is committed to reducing the deficit and cutting spending, and said his proposed budget takes steps to do so. "To really get our deficit under control, we're going to have to do more," he said. "But even as we have to live within our means, we can't sacrifice investments in our future.
BUSINESS
January 11, 2011 | By Abby Sewell, Los Angeles Times
Intel Corp. has agreed to pay $1.5 billion in licensing fees to Nvidia, ending a two-year legal battle between the two big computer chip makers. The companies announced Monday that they have signed a new six-year cross-licensing agreement, which gives them rights to each other's patents. Intel sued Nvidia, a maker of graphics chips, in February 2009 alleging that the license agreement the companies had signed did not extend to Intel's future generation of processors; Nvidia countersued.
BUSINESS
November 29, 2010 | By Craig Howie, Los Angeles Times
If you could take broadband Internet with you, where would you take it? To an airport, a coffee shop or ? this being Los Angeles ? the beach, where you can surf the Net while watching surfers ride the waves? Results of recent testing of Clear's new 4G mobile Internet device were, like its coverage area, a little patchy. The walnut-sized gadget that plugs into a laptop's USB port allows users to swap between 4G and 3G Internet service. But the 4G coverage was lacking in some key areas of Los Angeles County.
BUSINESS
October 11, 2010 | Reuters
Not even earnings reports from big names such as Google Inc. and General Electric Co. this week will be able to pull Wall Street's focus away from the possibility of more cheap cash flowing in from the Federal Reserve. Normally when the likes of JPMorgan Chase & Co. or Intel Corp. ? which are also reporting this week ? tell investors how much they earned in the previous quarter, the stock market hangs on every word. But after Friday's surprisingly anemic payrolls report, the increased likelihood the Fed will buy more assets like Treasury bonds to stimulate the economy has investors ignoring the usual benchmarks.
BUSINESS
September 25, 2010 | Jessica Guynn, Los Angeles Times
The Justice Department has reached an agreement with six major Silicon Valley companies to settle charges they colluded to keep a lid on wages by agreeing not to poach employees from one another. The proposed settlement, filed in the U.S. District Court for the District of Columbia, bars Google Inc., Apple Inc., Intel Corp., Adobe Systems Inc., Intuit Inc. and Walt Disney Co.'s Pixar Animation Studios from pledging not to "cold call" one another's employees as part of partnership agreements.
BUSINESS
September 14, 2010 | By Steve Johnson and Brandon Bailey
From Hewlett-Packard and Cisco Systems to Intel and Oracle, some of Silicon Valley's largest companies charged out of the recession with fat bankrolls and a determination to spend whatever it takes this year to reshape their businesses around emerging technologies. If the buying binge continues, 2010 could rank among the biggest for billion-dollar deals in a decade. Tech companies already have announced six purchases worth at least $1 billion so far this year, according to the 451 Group, which has compiled such data since 2002.
BUSINESS
August 31, 2010 | By Steve Johnson
In its second major deal in just over a week, Intel Corp. has agreed to buy Germany-based Infineon Technologies' wireless communications unit for $1.4 billion in cash. Santa Clara-based Intel, the world's largest chip maker, hopes the move will help it gain a foothold in the fast-growing market for smart phones and other mobile gadgets. The Infineon unit makes chips for smart phones including Apple Inc.'s iPhone. Intel, which has had trouble getting its chips into products other than personal computers, also agreed Aug. 19 to buy McAfee Inc., the Santa Clara maker of security software, for $7.7 billion — the biggest deal in Intel's history.
BUSINESS
August 27, 2010 | Reuters
Intel Corp. warned Friday that third-quarter revenue could fall short of its own estimates by more than $1 billion, reinforcing doubts about the strength of a technology sector recovery. But shares in the industry bellwether, which dominates the market for PC microprocessors, gained 1% Friday because investors had braced for bad news and were relieved that the downward revision had not been worse. Analysts said more companies with exposure to a struggling personal computer industry — fighting rising inventory and flagging demand from slowing growth in Europe, China and the U.S. — might warn of revenue shortfalls in coming weeks.
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