The European Commission could be nearing a decision to impose a significant fine against Intel. The timing coincides with a Department of Justice announcement promising more vigorous antitrust enforcement in the United States. Taken together, the possibility of a record fine against the market-leadi...
Sun Microsystems has reported a $201 million loss for Q3 2009, a significant increase over the loss of $34 million that it registered in the same quarter a year ago. At $2.6 billion, third-quarter revenue fell short of Wall Street's forecast of $2.86 million and was a steep drop from the $3.3 billio...
Intel's and Advanced Micro Devices' often-rocky relationship is teetering on the brink of open warfare. In a filing with the Securities and Exchange Commission, Intel has accused AMD of breaching terms the two companies forged in a cross-licensing agreement dating back to 2001. Intel has charged AMD...
Green's got the blues. "Dark Days for Green Energy," declared a headline in the Feb. 4 issue of The New York Times. "Because of the credit crisis and the broader economic downturn ... installation of wind and solar power is plummeting," reported the Times. Green energy's melancholia extends to cousi...
Microsoft startled Wall Street -- as well as the tech community -- with earnings that point to at least two quarters of declining profit and revenue, as well as plans to slash its workforce by 5,000. The rapidly declining economy, of course, is at the root of Microsoft's financial situation, which e...
Chip giant Intel has slashed the price of some of its microprocessors in what company spokesperson George Alfs has called "a regularly scheduled price move." Among Intel's myriad chips, the Celeron 570 saw the steepest cut, going from $134 to $70, a 48 percent decrease. Other notable price cuts for ...
Chip giant Intel has once again preannounced dire financial results -- yet another sign of the year-long U.S. recession's heavy toll on the technology industry. Intel said Wednesday that fourth-quarter revenue will come in at $8.2 billion, down 20 percent from the third quarter and down 23 percent y...
Advanced Micro Devices said Monday that it cut 600 jobs in the third quarter -- 100 more than it indicated in the guidance provided to Wall Street early last fall, according to a filing with the Securities and Exchange Commission. The 100 extra job cuts resulted in $70 million in restructuring costs...
The technology industry was rocked by more dismal news Tuesday with a Gartner report predicting sales of semiconductors will drop by 16.3 percent to $219.2 billion in 2009 due to the recession and lower consumer spending. The decline in chip sales in 2009 will mark the first time the sector has seen...
Semiconductor chip giant Intel reported better-than-expected financial results for the third quarter late Tuesday, but it wasn't enough to buoy its stock or inject any new life into the broader chip market. Net income at Intel rose 12 percent year-over-year to $2.01 billion. However, top-line revenu...
Semiconductor industry watcher iSuppli lowered its 2008 revenue forecast Thursday from 4 percent growth to 3.5 percent. The research firm expects revenue in the chip industry to top US$280.1 billion, roughly $10 billion more than the industry earned in 2007. "Four percent had been our forecast for a...
Advanced Micro Devices is splitting into two companies with the help of a massive cash infusion by investors in the United Arab Emirates capital Abu Dhabi. AMD will continue designing semiconductor chips for computers and servers. The spinoff, called "The Foundry Company," will focus on manufacturin...
Shares of Silicon Valley chip giant Intel closed up nearly 8.5 percent at just under $19 Tuesday on news that an equity analyst at investment bank Piper Jaffray upgraded the stock to a buy rating. The upgrade comes at a time when shares of other chipmakers such as Advanced Micro Devices and Texas In...
In a week that has cleaved once-mighty Wall Street institutions asunder, no market is safe from panic-induced losses, and that includes the technology sector. The flight of investors from equities markets into low-yield U.S. Treasury bonds, gold and silver has caused a steep decline in technology st...
Chipmaker Broadcom has agreed to acquire Advanced Micro Devices' digital television chip business for $192.8 million. About 530 AMD employees will join Irvine, Calif.-based Broadcom after the transaction closes, which is expected to take place sometime during the fiscal quarter ending Dec. 31. AMD i...
Accessibility of service
Convenience in any situation
Cost-effectiveness
Eco-friendliness
No need for parking
Safe ride when having too much fun
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