Restructuring efforts are paying off for AMD as the PC market transitions to mobile.
Go ahead and fire up Survivor by Destiny's Child and fast forward to the chorus, as there may not be a more appropriate string of lyrics to describe the attitude at Advanced Micro Devices (AMD). With the PC market making a mad dash towards mobile devices and system sales down in general, AMD somehow managed to trim losses in Q1 2013 by about $444 million compared to the same quarter a year ago, beating out expectations in the process.
The sky didn't fall far for Intel, which met its revenue target for Q1.
Analysts can crow all they want about how the PC market is disintegrating, the world's largest semiconductor player still made a killing. We're of course referring to Intel, which today posted first quarter revenue of $12.6 billion, operating income of $2.5 billion, and net income of $2 billion. All of those are down to some extent, but how many businesses would jump at the chance to switch places with Intel?
Advanced Micro Devices (AMD) this week entered in an agreement to sell and lease back its Lone Star Campus located in Austin, Texas. The new owner will be 7171 Southwest Parkway Holdings, LP, an affiliate of real estate investment company Spear Street Capital. AMD says the sale is expected to generate $164 million in cash, the proceeds of which will be reflected in the chip designer's Q1 financial statement.
Carl Icahn wants Dell to pay investors $15.7 billion in special dividends.
The path to privatizing Dell may not be as quick and easy as Michael Dell anticipated. To recap, Michael Dell, with the help of private equity firm Silver Lake Management and a significant loan from Microsoft, hammered out an agreement with Dell's board of directors to acquire the company in a deal that would pay public shareholders $13.65 a share, ultimately valuing the deal at $24.4 billion. Over the past couple of weeks, some investors have spoken out in opposition of the deal, including Carl Icahn.
International think-tank Ethisphere named a number of tech firms in its list of World's Most Ethical (WME) companies for 2013.
Security firm Symantec has been named one of 2013's World's Most Ethical Companies by Ethisphere Institute, an international think-tank and supposedly the only provider of third-party verifications of compliance programs. Ethisphere's methodology includes reviewing codes of ethics, litigation, and regulatory infraction histories, along with evaluating the investment in innovation and sustainable business practices, among other criteria.
As OCZ runs out of options (and money), the company may opt to sell off various assets.
The past six months or so have been tumultuous for OCZ Technology, a company that analysts expected might sell itself after its founder and then-chief, Ryan Petersen, abruptly left. Instead, OCZ hired a new CEO who vowed to address credibility problems and turn things around, which unfortunately entailed sacking 28 percent of its staff and dropping 150 product lines. Where does OCZ stand today? In need of cash and running out of options.
Gabe Newell insists all green-lit projects are still a go.
Something strange is going on at Valve, and nobody seems to have any concrete answers. For the first time, the employee-friendly company issued a number of layoffs -- perhaps as many as 25 -- across multiple divisions, including hardware and Android departments, according to Gamasutra. One of those employees is Valve's director of business development, Jason Holtman.
Compared to a year ago, Nvidia's sales figures are looking mighty strong.
The transition to mobile is barely affecting Nvidia's bottom line, which raked in $1.11 billion last quarter. That's a decrease of 8.1 percent sequentially, but an increase of 16.1 percent year-on-year, the GPU maker said. Furthermore, Nvidia's full year revenue reached a record high of $4.28 billion, jumping more than 7 percent compared to a year ago. Between its GPU and Tegra sales, which grew 7 percent and 90 percent, respectively, from a year ago, Nvidia is firing on all cylinders.
A group of key shareholders stand a fighting chance of derailing Michael Dell’s ambitions to take the company he founded private.
The possibility of a privately held Dell has sparked our imagination, and also left us scratching our heads. As one of the leading PC OEM’s of our generation Dell has had a profound impact on personal computing, however, they also have a long history of failure that shouldn’t be forgotten. The big question facing Dell shareholders today is what the company’s long term prospects are, and if a $24.4 billion buyout offer by Michael Dell and his consortium is in their best interest.
Slumping TV and game sales led Sony to post a third quarter loss.
Sony reported its financial earnings (PDF) for its third fiscal quarter ended December 31, 2012, noting that it generated revenue of $22.4 billion, up 6.9 year-over-year. Unfortunately for Sony, it added up to a net loss of $115 million, though there's actually a couple of reasons why the company shouldn't be too disappointed. For one, that's compared to a $1.7 billion loss a year prior. And secondly, Sony ended up with an operating profit of $534 million for the quarter, putting the company in the black for its fiscal year.