Nvidia this week released second-quarter earnings that its CEO deemed "disappointing." However, future projections of growth, as well as an increase to its stock buyback program, boosted its stock price by about 10 percent on Wednesday as Wall Street decided to focus on the firm's future prospects...
Intel investors received a double whammy of both good and possibly bad news regarding the world's largest chipmaker on Tuesday. Intel's quarterly profits topped analyst estimates by 3 cents. However, the company's guidance for the upcoming quarter was less than what many in the market had been expec...
The Federal Trade Commission has started a formal inquiry into the pricing practices of leading chipmaker Intel, a move that rival Advanced Micro Devices has long requested. The FTC recently opened the formal investigation by issuing subpoenas to Intel and AMD, as well as other parties, including th...
Intel has signed a multiyear agreement with supercomputer vendor Cray. The deal gives microchips from Santa Clara, Calif.-based Intel an avenue into Cray supercomputer systems that serve some of the most highly advanced computing applications in the government, military and engineering sectors. The ...
AMD on Monday launched a new line of PCs targeting small and medium-sized businesses. Through its business class initiative, the chipmaker aims to provide desktop solutions to customers stuck between consumer PCs and enterprise-class systems. "Often, SMBs don't need all the higher level performance ...
Intel posted first-quarter results Tuesday that met or slightly beat expectations -- the chipmaker lowered its own targets last month -- and posted record revenue for the seasonally slow time of year. The company's results were a win for the tech sector, with investors driving Intel shares up about ...
Phil Hester has exited the chief technology officer post at Advanced Micro Devices, according to reports, and he won't be replaced. The Sunnyvale, Calif.-based manufacturer of computer processors, which reported more than $6 billion in revenue in 2007 and trails only Intel in that market, reportedly...
Just days after warning that its first-quarter profit would be hit by weakness in its flash memory business, Intel assured analysts that it was committed to fixing the problems. CEO Paul Otellini used the chipmaker's annual two-day analyst gathering Wednesday and Thursday to clarify the factors behi...
A surge in server shipments during the fourth quarter helped HP gain ground against IBM in server sales revenue and extend its lead in server shipments, according to a report released Thursday by Gartner. Overall for the year, worldwide server shipment sales grew in 2007, increasing 7.4 percent from...
Graphics card maker Nvidia announced Monday it has agreed to acquire Ageia, creator of PhysX, technology that adds a higher level of real-world physics realism to video games. Financial details of the deal were not disclosed. All major consoles -- the Sony PlayStation 3, the Nintendo Wii, and the Mi...
IBM's relatively robust outlook and the details of its fourth quarter performance have helped restore some investor optimism toward the tech sector after a wild week that saw recession fears rise on weak results from the likes of Intel. IBM, which earlier in the week preannounced its earnings, said ...
Just a day after IBM soothed investors with a solid quarter, fellow tech bellwether Intel raised fresh questions about the strength of the sector by missing its fourth quarter targets and issuing a softer-than-expected outlook. The dominant chipmaker managed to post a 51 percent profit increase for ...
New York Attorney General Andrew Cuomo is investigating Intel for possible illegal business practices meant to keep rival AMD at bay -- the latest development in an ongoing antitrust entanglement for the leading chipmaker. Cuomo's office has issued a "wide-ranging" subpoena to California-based Intel...
Shares of leading chipmaker Intel lost more than 7 percent in midday trading Friday after the company's stock was downgraded for a second time in a week. JP Morgan analyst Christopher Danely downgraded the company on Friday, citing rising inventory levels at personal computer makers and a likely slo...
Advanced Micro Devices has received a welcome financial boost -- a $622 million infusion of capital from Mubadala Development, a wholly state-owned enterprise of Abu Dhabi. As part of the transaction, Mubadala received 49 million shares at a price of $12.70 per share. After reimbursing Mubadala $14...
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