PC results beat earlier forecast at HP, it grew positive revenue in the most recent quarter. I smell an upturn.
their guidance was conservative next quarter and identically same for FY14.
Lenovo buys whatever losers they can get their hands on.
They will attempt anti trust type of behavior ... Then be sued by US companies or US Govt.
GOOG up 2.5% afterhours
Overpriced Apple products without legendary visionary Steve Jobs....leadership & creativity vacume. (Reminiscent of Lee Iococca when he left Chrysler.). This is a shell of a company.
Samsung and fast-innovative Android is lots better smartphones and smart 4k HDTVs!!
SAN FRANCISCO (MarketWatch) - Texas Instruments Inc. TXN -1.00% on Tuesday reported a fourth-quarter profit of $511 million, or 46 cents a share, compared with a profit of $264 million, or 23 cents a share, in the year-earlier-period. Revenue rose to $3.03 billion from $2.98 billion. Analysts polled by FactSet on average were expecting the chip maker to post a profit of 46 cents a share, on revenue of $2.99 billion.
The Dallas-based chipmaker also announced that it was cutting 1,100 jobs in the U.S., India and Japan as it moves to "reduce investments in markets that do not offer sustainable growth and returns. " Shares of TI were down 1.2% after-hours
In Server chips? Has anyone an assessment of who is beating Intel in this space?
PCs and Servers grow together because of Global umbrella contracts and the upgrade cycle pattern. Someone or several MPU vendors are taking market share from old flat stodgy Intel. (Intel lost its way.. Late to mobile space,..Trying to build PCs... Bloated employee structure...missed earnings the past several times)
Intel, on the heels of reporting a lower-than-expected fourth-quarter profit, said it expects to reduce its work force by about 5% over the course of 2014.
The big chip maker ended 2013 with 107,600 employees, indicating that the cuts could affect close to 5,400 workers.
Intel on Thursday projected flat revenue for 2014, while analysts had been looking for revenue growth of about 1.2%. While the company’s business selling chips for PCs showed signs of stabilizing, Intel’s business selling server chips grew less than expected.