Gateway's Quarterly Loss Narrows
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Personal computer maker Gateway Inc.  on Thursday posted a net loss that narrowed from a year earlier and bettered its own forecast, helped by higher PC sales and lower costs.
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Computer maker Gateway Inc. on Tuesday said it agreed to buy back about $316 million of its stock from Internet provider America Online Inc.
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(InfoWorld) - As price competition takes its toll, AMD Thursday posted its third consecutive quarterly loss, saying that although revenue was relatively solid, it suffered a sharp second-quarter drop in income. Revenue for the quarter was $1.38 billion, an improvement from $1.22 billion a year earlier. But the company reported a net loss of $600 million, or a loss of $1.09 per share, a big drop from net income of $89 million, or $0.18 per share, a year earlier. A big part of the loss was due to restructuring costs and a $130 million, or $0.24 per share, charge related toÂ the acquisition of graphics-chip maker ATI last year. One piece of good news was that in the face of stiff price competition from Intel, AMD said its second quarter gross margin was 34 percent, excluding one-time charges, an improvement over its 31 percent margin in the first quarter of 2007. "We achieved a 12 percent sequential revenue increase, improved the gross margin, and won back microprocessor unit and revenue market share," said Robert J. Rivet, AMD's CFO, in a statement accompanying the company results. Looking ahead, AMD forecast that third-quarter revenue would increase in line with traditional seasonal growth rates. Though that does not point to a big increase in profit in the near future, traders reacted positively to the upbeat news on revenue and margins, driving up company shares by $0.32 to $15.78 in after-hours trading. Nevertheless, the second-quarter gross margin, for example, was still a far cry from AMD's 57 percent gross margin in the second quarter of 2006. Rivet acknowledged that to instill confidence in the company, "we must improve our financial results." AMD faces an uphill battle. After gaining ground, in terms of market share and technology, on Intel two years ago by coming out with dual-core processors, AMD suffered last year as Intel battled back with its own line of multicore chips. In the longer term, AMD is pinning its hopes to a great degree on its "Barcelona" quad-core Opteron server chip, due out in August. That chip will compete with Intel's dual-core "Woodcrest" and quad-core "Clovertown" Xeon processors launched last year. AMD also needs to stay on track and hit its 2009 goal to bring its new Fusion chip -- made with ATI technology -- to market.
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By Womack, Brian  TECHNOLOGY  There's Word That Google Is Nearing Launch of dMarc Services; Broadcom's Quarter a Miss  Gateway Inc. could be headed for a tough report when it details the second quarter next month.
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Circuit City Stores Inc. CC.N on  Friday reported a narrower quarterly loss from continuing  operations as sales of higher-margin warranties and improved  distribution helped offset weak merchandise sales.
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Qwest Communications International  Inc. Q.N on Tuesday posted a smaller quarterly loss, and said  it would "keep every door open" after MCI Inc. MCIP.O spurned  its $7.3 billion takeover offer in favor of a lower bid from  Verizon Communications Inc. VZ.N
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Circuit City Stores Inc. CC.N posted  a narrower quarterly loss from continuing operations on Friday  but said the outlook was cautious for the current quarter,  which includes the key holiday season.
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Circuit City Stores Inc. CC.N on  Friday posted a narrower quarterly loss from continuing  operations but said its outlook was cautious for the current  quarter, which includes the holiday shopping season.
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Computer Associates International Ltd. , a business software maker, on Wednesday posted a wider quarterly net loss, including charges for job cuts and a &#36;225 million payment to settle a long-running accounting probe.
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Sirius Satellite Radio Inc.  said on Tuesday its quarterly net loss narrowed as revenue jumped on a sharp increase in subscribers to its fee-based service.
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Circuit City Stores Inc. (CC.N: Quote, Profile, Research) on Friday posted a narrower quarterly loss from continuing operations but said its outlook was cautious for the
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MARLBOROUGH, Mass. -- 3Com Corp. posted a narrower net loss in its latest quarter amid a sharp drop in operating expenses. For the fiscal first quarter ended Aug. 27, the maker of computer-networking equipment
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Gateway Inc. GTW.N on Monday said it  would return to its roots as a personal computer company,  backing off on an aggressive strategy of expanding into TVs,  digital cameras and other gadgets in a move to return to  profitability.
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Software maker PalmSource Inc. (PSRC.O: Quote, Profile, Research) on Thursday posted a narrower net loss for its first quarter, but said its forecast for the current quarter is
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U.S. Treasury debt prices shaved  narrow losses on Tuesday following news of a weaker than  expected reading on the U.S. economy's huge services sector.
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Plus: Gateway trims loss in third quarter...EDS delays earnings...Amazon outlook disappoints...PeopleSoft exceeds targets.
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Viacom Inc. (VIAb.N: Quote, Profile, Research) (VIA.N: Quote, Profile, Research) on Thursday posted a quarterly loss on charges from spinning off the Blockbuster Inc.