Lower orders dent Broadcom&#39;s outlook
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With the economy slowly turning up, upgrading hardware has been on businesses radar in the past 12 months as their number two priority.
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Despite a strong third-quarter performance from Applied Materials (Nasdaq: AMAT), a weaker fourth-quarter outlook has the chip equipment maker&#39;s shares treading water today.
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In the middle of the Sept. 3 tech wreck on Wall Street, there was at least one upside to chip giant Intel&#39;s (INTC ) lowering of expectations for the current quarter: It made it easier for other tech companies
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By The Orange County Register, Calif.  Dec. 19--Chipmaker Broadcom Corp. said it canceled more than $37 million  in stock options for three former employees after finding that they adjusted  the dates of the options to maximize their value.
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The hit on Qualcomm from a patent suit it lost to rival Broadcom may be slashed because of an unrelated ruling that came down in August.
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The maker of analog microchips said Tuesday its  fourth-quarter revenue would miss earlier targets because of  weak demand from computing and communications equipment makers.
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STOCKS in the United States fell - led by technology shares - after the world&#39;s biggest semiconductor maker Intel cut its revenue forecast because of slowing demand for personal computers and mobile phones.
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The high-end computer maker says revenue for the first quarter of fiscal 2005 will be lower than previously projected.
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U.S. stocks fell on Monday, weighed down by nervous investors betting chipmaker Qualcomm Inc.  would lose to rival Broadcom Corp.  in several legal disputes, while a downgrade hurt Apple Computer Inc. .
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Intel&#39;s revenue increase for the fourth quarter fell short of analysts&#39; estimates in part because of weak prices for memory chips.
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U.S. stocks opened lower on Thursday,  weighed down by disappointing earnings from eBay Inc. and a  lower-than-expected profit forecast from Qualcomm Inc. .
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Shares of Broadcom Corp. (BRCM.O: Quote, Profile, Research) rose 9 percent on Monday after the communications chipmaker said the effects of an inventory glut on its revenues should be short-lived.
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Another semiconductor company, another bleak outlook. How low can you go?
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Flextronics International Ltd.,  the No. 1 contract electronics manufacturer, on Monday posted a  quarterly profit versus a year earlier loss but a weak forecast  due to weakening consumer and communications demand sent shares  down nearly 8 percent.
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Semiconductor stocks were mixed Tuesday after Advanced Micro Devices Inc. warned quarterly revenue would be lower than expected due to sluggish sales of flash memory chips used in mobile phones and other devices.
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Advanced Micro Devices' move to cut overhead costs by outsourcing its chip manufacturing business may backfire in the long run, according to several analysts who have downgraded the company's stock.
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A brokerage firm&#39;s negative outlook for the semiconductor industry pushed down tech shares yesterday, while the broader market was little changed as a jump in jobless claims offset investors&#39; relief over declining oil prices.