January 24, 1991 |
GigaBit Logic and TriQuint Semiconductor said Wednesday that they plan to merge, forming the nation's largest producer of gallium arsenide semiconductors. Gallium arsenide chips--made with gallium, a soft metallic element, and arsenic--are faster and more powerful than the conventional silicon-based semiconductors that power everything from computers to satellites.
January 10, 1998
BankBoston Corp. plans to close two offices in Europe to consolidate its underperforming corporate banking business in London, resulting in a first-quarter pretax charge of $13 million and 45 job cuts.. . . Tyson Foods Inc. completed its $615-million purchase of Hudson Foods Inc. and said it doesn't plan any "major" firings in combining the poultry processors. . . . Raytheon Co. agreed to sell a radar computer-chip business to TriQuint Semiconductor Inc. for about $39 million.
February 5, 1991
GigaBit Logic Inc., a Newbury Park semiconductor concern, has lowered its stake in Cray Computer Corp. from 9% to 6.7% of the company's stock. In a filing with the Securities and Exchange Commission, GigaBit said it sold 425,000 Cray Computer shares between Oct. 12 and Nov. 26, at prices ranging from $4.84 to $3.50 a share. That cut GigaBit's holdings to 1.2 million shares. GigaBit acquired its Cray Computer stock last year in exchange for assets that Cray used in manufacturing computer chips.
March 6, 2001 |
Xilinx Inc., the No. 1 maker of programmable semiconductors, said fiscal fourth-quarter sales will be less than expected because customers canceled orders. Sales in the quarter ending this month could fall as much as 15% from the previous period's $450.1 million, said spokeswoman Lori Owen. Analysts polled by First Call/Thomson Financial expected Xilinx to have revenue of $481.3 million.
December 13, 2000 |
Is there a semiconductor company left that hasn't warned about a weak fourth quarter? Among the chip-related firms lined up at the confessional on Tuesday: * Dallas Semiconductor (DS) slumped $8 to $26 after the firm said fourth-quarter earnings will disappoint. Dallas Semi, which sells specialized chips to some of the largest computer and telephone-equipment makers, said customers over-purchased in earlier quarters, prompting them to cancel orders now.
January 10, 2001 |
The world is still buying a lot of mobile phones, but evidently not enough to give some investors confidence about phone makers' long-term earnings growth. Market leader Nokia's shares tumbled Tuesday after the company said a total of 405 million mobile phones were sold worldwide last year, fewer than some analysts had expected. Although the industry sales number matched Nokia's own estimates, it fell short of forecasts as high as 420 million from rivals Motorola and Ericsson.