Intel Corp on Monday cut its first quarter revenue forecast by $300 million due to the costs associated with correcting a design flaw it discovered in one of its chips.
Intel Corp cut its first-quarter revenue forecast by $300 million on Monday because of costs associated with correcting a design flaw it discovered in one of its chips.
Intel says the problem, which will cost the company one billion overall, would have impacted a limited number of systems but still didn't meet its quality standards.
Intel says one of the support chip sets on its Sandy Bridge processor is flawed and needs to updated.
U.S. stocks rose on Monday on strong earnings and merger activity, overshadowing concerns about the possible spread of unrest in Egypt which had caused a sharp selloff in world stocks on Friday.
In the Android camp at CES 2011, it was Motorola Xoom which stole the show; however there were a few tablets in the Windows camp too, which sported super-heavy specifications that are capable of taking the might of Xoom and one such contender is ASUS Eee Slate EP121.
Apple has released new update of iTunes (iTunes 10.1.2) that allows syncing the new Verizon iPhone 4 with iTunes
Susquehanna Financial upgraded graphics chip maker Nvidia to neutral from negative and raised the price target to $23 from $9.
With all the buzz surrounding the HP and Palm Topaz Tablet, it's easy to forget the Slate 500, HP's previous tablet offering.
Morgan Keegan upgraded Qualcomm Inc. to outperform from market perform, a day after the CDMA chip maker reported strong quarterly results and boosted its fiscal 2011 outlook.
The Silicon Valley giant will invest $100 million to support research in US universities over the next 5 years to drive innovation in computing and communications.
Intel's acquisition of data security firm McAfee Inc cleared its last major hurdle after EU regulators approved the $7.68 billion deal on condition Intel grant rival firms access to its technology.
Black Eyed Peas frontman will.i.am has taken a job at Intel (INTC.O) to help innovate how music and other multimedia are used with smartphones and tablets.
Intel took a step closer to acquiring data security firm McAfee Inc. on Wednesday after EU regulators approved the $7.68 billion deal on condition Intel grant rival firms access to its technology.
Intel hires Black Eyed Peas' front man will.i.am as director of creative innovation.
Intel Corp boosted its share buyback plan by $10 billion, seeking to revitalize its flagging stock amid criticism it is getting left behind by rivals like Nvidia in a red-hot, fast-moving mobile market.
U.S. stocks advanced on restructuring news, strong economic forecast
Wall Street resumed its rally on Monday, led by natural resources and tech shares as investors saw stocks regaining momentum lost late last week.
Wall Street rose on Monday, led by natural resource companies on bets on global growth and a share-buyback plan by Intel that lifted the large-cap technology sector.
Intel Corp authorized another $10 billion to buy back its shares, which have been under pressure in recent months from concerns that the giant chipmaker is falling behind in the exploding mobile market.
Intel Corp raised its dividend by 15 percent and authorized another $10 billion in its share buyback program after posting solid results earlier this month.
Technology and retail stocks continue to drive market
