Seagate Technology, the world's largest maker of hard disk drives (HDDs), provided preliminary financial results for its fiscal second quarter ended December 30, 2011, a quarter which ended a week and a half after closing the acquisition of Samsung's HDD business. The results were better than anticipated and Wall Street investors took notice.
Effects of the hard drive shortage resulting from major flooding in Thailand earlier this year continue to reverberate throughout the technology industry. Even Intel, the world's largest chip maker, isn't immune to to it all, and in fact the Santa Clara outfit warned today that its fourth quarter results are expected to be below the company's previous outlook.
Hewlett-Packard on Monday announced financial results for its fourth quarter and full fiscal year ended October 31, 2011, and it wasn't as bad as some analysts were expecting. In fact, HP posted a 1 percent year-on-year gain in GAAP net revenue with $127.4 billion. Some would call that mostly flat, others a miracle considering 2011 was the year HP screwed the pooch with its Palm/webOS acquisition and, for a period of time, couldn't seem to figure out what to do with its PC business.
Infineon Technologies AG reported results for its fiscal fourth quarter as well as the whole 2011 fiscal year ended September 30, 2011, and what investors took away from the report is that 2012 isn't looking so hot. Infineon said it expects a sequential revenue decline of about 10 percent in the first quarter of 2012, and an unspecified single-digit percentage drop for all of 2012 relative to the 2011 fiscal year.
Dell, like everyone else, was affected by hard drive shortages resulting from flooding in Thailand, which may have played a role in revenue falling flat during the company's fiscal third quarter of 2011. If nothing else, the "complexity in working through the industry-wide hard drive issue" has Dell trending towards the lower end of the range of its revenue outlook of 1 to 5 percent growth for its full fiscal year, the company said.
Qualcomm came out ahead of what analysts had expected for the mobile chip maker's fourth fiscal quarter ended September 25, 2011. The San Diego-based company saw its revenues jump 14 percent sequentially to $4.12 billion in its fourth fiscal quarter, and 39 percent year-over-year with revenues of $14.96 billion. As the smartphone market continues to grow, Qualcomm keeps on reaping the rewards.
HTC's third quarter financial report proves the smartphone maker has game -- mobile game -- and everyone wants to play. The company said it sold 13.2 million smartphone devices in the third quarter of 2011, almost double (93 percent) the number it sold in the same quarter one year prior. That's also a 9 percent jump from the second quarter of 2011.
After somewhat of a rough start to the year, chip designer Advanced Micro Devices (AMD) bounced back in the third quarter and posted a 7 percent sequential and 4 percent year-over-year increase in revenue of $1.69 billion, net income of $97 million on earnings per share of $0.13, and operating income of $138 million. All of these figures are higher than the ones posted in the same quarter one year prior, and that's in large part because of AMD's Accelerated Processing Units (APUs).
As hard drive component suppliers struggle to recover from recent flooding in Thailand, Acer revealed during an investor conference that it has no choice but to charge more for its products. Acer sees little to no alternatives when the cost of hard disk drives spikes by as much as 20 percent, costs that are ultimately passed on to the consumer.
Samsung said it shipped 28 million smartphones during its third fiscal quarter ended September 30, 2011, which represented a 40 percent increase on-quarter and 300 percent year-on-year. Perhaps just as important, Samsung raced ahead of Apple smartphone sales, which sold 17 million iPhone devices in the same time frame. Samsung's continued global rollout of its flagship Galaxy S II smartphone is doing particularly well and has sold more than 10 million units in the five months since its introduction, Samsung said.