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  • IBM to Pay GlobalFoundries $1.5B to Take Chip Division off Its Hands

    19 October 2014, 8:36 pm by: Tiernan Ray

    International Business Machines (IBM) has agreed to sell its divest its semiconductor manufacturing division to privately held contract chip manufacturer Globalfoundries, paying Global $1.5 billion to take the division off its hands, according to an article…
  • AMD Rising: Bulls Defend the Strategy, Bernstein Says Press the Short

    17 October 2014, 4:07 pm by: Tiernan Ray

    Shares of Advanced Micro Devices (AMD) are up 9 cents, or 3.6%, at $2.73, bouncing back from losses in the late session last night, after the company missed expectations for its Q3 report and its Q4 outlook. The company said it did okay in newer areas such as…
  • Apple Rising: Street Sees Reinforcement of the Compute Franchise with iPad, Mac Updates

    17 October 2014, 1:01 pm by: Tiernan Ray

    The Street overnight was pondering what to make of Apple‘s (AAPL) update yesterday of its iPad lineup, which featured a refreshed iPad Air with a thinner, lighter frame, the addition of “Touch ID” fingerprint recognition, and a cut in the price of the…
  • Google Slips on Soggy Q3; Targets Trimmed, Bulls Defend the Business

    17 October 2014, 11:48 am by: Tiernan Ray

    Shares of Google (GOOGL) are down $6.35, or 1%, at $530.57, continuing losses following Q3 results yesterday afternoon that slightly missed analysts’ expectations. The stock has gotten a couple of cuts in price target this morning, but at the same time,…
  • Zayo: Dark Fiber Provider Jumps 18% on IPO

    17 October 2014, 11:23 am by: Tiernan Ray

    Shares of Zayo Group (ZAYO) of Boulder, Colorado are up $3.15, or 17%, at $22.15, after opening for trading for the first time this morning at $21.51, after pricing at $19.  The offering, led by Morgan Stanley, Barclays, and Goldman Sachs, is a return to…
  • Apple: Stunning New iMac, Gold iPad, But What’s Up with the iPad Mini?

    16 October 2014, 5:09 pm by: Tiernan Ray

    Following Apple's media event at its headquarters today, press and guests spent some time kicking the tires in an adjoining product room. The most commotion was when CEO Tim Cook entered the room and was mobbed by reporters and photographers. The new 27-inch…
  • AMD Drops 8%: Q3 Misses, Q4 Rev View Misses

    16 October 2014, 4:23 pm by: Tiernan Ray

    Chip maker Advanced Micro Devices (AMD) this afternoon reported Q3 revenue and earnings per share that missed analysts’ expectations, forecast this quarter’s results substantially below consensus, and said it will cut 7% of its workforce.  Revenue in the…
  • SanDisk Rising: Q3 Revenue Misses, EPS Beats

    16 October 2014, 4:19 pm by: Tiernan Ray

    Shares of memory chip maker SanDisk (SNDK) are up 54 cents, or 0.6%, at $85.85, after the company this afternoon reported Q3 revenue a hair under what analysts had been modeling, but beat on the bottom line Revenue in the three months ending in September rose…
  • Google Falls 4%: Q3 Revenue, EPS Miss

    16 October 2014, 4:06 pm by: Tiernan Ray

    Google (GOOGL) this afternoon reported Q3 revenue and earnings per share that missed analysts' expectations. Revenue in the three months ended in September rose to $16.5 billion, yielding EPS of $6.35, excluding some costs. Backing out $3.35 billion in…
  • Apple Unveils ‘iPad Air 2,’ ‘Mini 3,’ New Retina iMac Starting at $2,499

    16 October 2014, 1:09 pm by: Tiernan Ray

    Apple (AAPL) CEO Tim Cook has taken the stage at the company's headquarters in Cupertino, California, where he kicked things off by talking first about the debut of the new iPhone 6 models last month. It has been the biggest iPhone launch ever, he says. Cook…
  • ASML’s Miss: Semi Advisors, Summit Debate the Implications

    16 October 2014, 12:04 pm by: Tiernan Ray

    Shares of chip equipment maker ASML Holding (ASML) are down 45 cents, half a percent, at $91.37, as the street continues to ponder yesterday’s lower-than-expected Q3 report from the company. The company reported €1.32 billion in sales, below the €1.41…
  • eBay Falls: Targets, Estimates Trimmed, RBC Cuts to Hold; Dead Money for Now?

    16 October 2014, 6:48 am by: Tiernan Ray

    Shares of eBay (EBAY) fell $1.39, or 2.8%, to $48.85, in late trading, after the company yesterday afternoon reported Q3 results that topped consensus but missed the average Street estimate with its Q4 revenue forecast, and cut its outlook for the year. The…
  • Netflix: Targets Slashed, Estimates Cut; Street Ponders Questions of Saturation

    16 October 2014, 6:16 am by: Tiernan Ray

    Shares of Netflix (NFLX) plunged 26% last night to $332 after the company met Q3 revenue expectations and beat slightly on the bottom line, but reported fewer new subscriber additions for its streaming video service, saying it had over-forecast for the quarter…
  • eBay Down 5%: Q3 Beats, Q4 View Misses, Cuts Year View

    15 October 2014, 4:26 pm by: Tiernan Ray

    Shares of eBay (EBAY) are down $2.43, or almost 5%, at $47.89, in late trading, after the company this afternoon Q3 revenue that topped analysts’ expectations, but forecast this quarter’s results lower. Revenue in the three months ended in September rose…
  • Netflix Plunges 25%: Q3 Rev In Line, Q4 View Misses (Correction)

    15 October 2014, 4:17 pm by: Tiernan Ray

    Netflix (NFLX) shares are down $113.59, or 25%, at $335, after the company this afternoon reported Q3 revenue in line with analysts’ estimates, and beat on the bottom line, but said it added fewer streaming customers than the company expected, blaming higher…
  • Netflix: ‘HBO Go’ Over-the-Top a Threat, Says Baird, But Maybe More to Comcast et al.

    15 October 2014, 1:35 pm by: Tiernan Ray

    Ahead of Netflix’s (NFLX) quarterly report this evening, the stock got an unwelcome surprise from Time Warner’s (TWX) CEO Jeffrey Bewkes, who announced during Time Warner’s analyst day, that the company will start its own streaming video service in…
  • Qualcomm: Street Lauds CSR Buy, Deeper IoT Expertise; Raymond James Ups Estimates

    15 October 2014, 12:10 pm by: Tiernan Ray

    Shares of wireless chip giant Qualcomm (QCOM) are down 42 cents, or half a percent, at $71.44, after the company this morning said it will acquire British chip maker CSR PLC (CSRL), known for making chips for the Bluetooth wireless standard, for £9.00 per…
  • Apple: Morgan Stanley Sees ‘Substantial’ iPhone Gains in China at Samsung’s Expense

    15 October 2014, 11:39 am by: Tiernan Ray

    Apple (AAPL) shares have given up earlier gains, currently down 51 cents, or half a percent, at $98.23, despite a bullish note from Morgan Stanley’s Katy Huberty, who this morning reiterated an Overweight rating, and a $110 price target, after adding the…
  • Tablets Slow, Android Dominates Mobile Device Market, Says Gartner

    15 October 2014, 10:59 am by: Tiernan Ray

    Tablet sales growth is cooling rapidly, analysts at Gartner announced this morning. The firm today announced a forecast of 229 million tablets to be shipped worldwide this year, growth of just 11%, down from 55% growth in 2013.  Ordinary PC shipments, by…
  • Intel Slips: Bulls Raise Targets, Morgan Stanley Cuts to Sell on Inventory Build

    15 October 2014, 10:35 am by: Tiernan Ray

    Shares of Intel (INTC) are down 98 cents, or 3%, at $31.16, after yesterday afternoon beating Q3 expectations and forecasting this quarter higher as well. Oddly, Intel’s own decline is in contrast to a relief rally in some semiconductor names that began in…

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