Apple's share price continues to fall after posting a record quarter.
An apple falling from a tree branch is a good demonstration of gravity, but what does freefalling Apple stock prove? That's currently up for debate. After surging to over $700 a share prior to the iPhone 5 launch, Apple's share price has steadily declined right up until Apple announced its best quarter ever on Wednesday, at which point it went into a nosedive. What can Apple do to turn things around?
Cisco found a way out of the consumer networking market, thanks to Belkin.
Call it an end of an era, if you wish, but Cisco is hightailing it out of the consumer space after selling off its Home Networking Business Unit to Belkin for an undisclosed sum of money. The deal includes the familiar Linksys brand, which Cisco acquired back in 2003. At the time, Linksys had 305 employees and revenues of more than $500 million. All of its products were branded Linksys by Cisco following the transaction, though Cisco has reportedly been looking to get out of the consumer space for some time now.
AMD's total revenue for 2012 came to $5.42 billion, down 17 percent year-over-year.
Maybe no other company than Advanced Micro Devices (AMD) is more happy to leave 2012 behind. By the numbers, it was a forgettable year for AMD, which raked in $5.42 billion in revenue for the entire year, or $47.88 billion less than Intel did. That's not a fair comparison, though there's no sugarcoating the declining numbers AMD posted. The Sunnyvale chip maker made $1.16 billion during the fourth quarter of 2012, a decrease of 9 percent compared to the previous quarter, and down 32 percent year-over-year.
The Santa Clara chip maker's profit slid 27 percent compared to one year ago.
So the sky might not be falling, but Intel's fourth quarter profit sure did. Intel reported net income of $2.5 billion for the fourth quarter of 2012, down 27 percent from $3.4 billion in Q4 2011. As one might expect, the world's largest chip maker was hurt by a slowdown in PC sales as the market shifts towards mobile devices like tablets, smartphones, and hybrid laptops. Nevertheless, Intel said it wasn't surprised by its Q4 performance.
Look for more Microsoft Retail Stores to open in the coming year.
Even if you prefer to shop online, the neat thing about brick-and-mortar businesses like Best Buy and the Apple Store is that you can spend some hands-on time with products without dipping into your wallet. Microsoft has come to understand this, and as 2013 flips over, the Redmond outfit will open half a dozen new Retail Store locations of its own, the company announced today.
OCZ Technology fans have had cause for concern lately. Earlier this month, the former memory maker turned solid state drive player sacked 28 percent of its staff and discontinued 150 product variations. The restructuring effort was put into place by OCZ's recently appointed chief, Ralph Schmitt, who was appointed to replace former CEO and founder Ryan Petersen. At the time, Schmitt admitted OCZ had "lost credibility," but going forward, he seems to have a plan to turn things around.
Advanced Micro Devices (AMD) is reportedly shopping its 58-acre Texas camp in hopes of raising $150 million to$200 million. The Sunnyvale chip designer's financial struggles have been well documented up to this point, leaving some to wonder if the end might be nigh for a semiconductor company that's been around for over four decades. Certainly the end already arrived for the thousands that have been laid off from AMD in the past year.
Shares of Advanced Micro Devices (AMD) have fallen below $2, dropping more than 3 percent to $1.86 by the end of the trading day on Thursday. That's not only a 52-week low for the Sunnyvale chip designer, but it's the first time the company's stock has dipped below $2 since 2008. A recent report indicating AMD had hired J.P. Morgan Chase to "explore options," including an outright sale of the company, sparked the downward spiral, and though AMD has denied claims it's shopping itself around, investors are understandably skittish.
Shares of chip designer Advanced Micro Devices (AMD) surged by more than 18 percent following a report that it's hired J.P. Morgan Chase to "explore options," including an outright sale of the company. Before anyone panics, no sale is imminent, and it appears AMD would much rather offload some of its patents to generate some much needed cash, but at the same time, all options are on the table.
PC gaming is alive and well, as evidenced by strong Kepler GPU sales that helped steer Nvidia towards record revenue of $1.20 billion for the third quarter of its fiscal 2013 period ended October 28, 2012. That's a gain of 15.3 percent compared to the previous quarter, and a 12.9 percent improvement versus last year, Nvidia said, adding that its energy efficient Kepler GPU architecture continued to make excellent headway in the market place.