Silicon Valley tech earnings
Intel and Yahoo are among the Silicon Valley Wholesale Battery tech giants reporting financial results this afternoon.
Intel: The Santa Clara chip behemoth -- maker of the microprocessors that are the brains in most of our Mac and Windows computers -- reported a $3.2 billion profit, up 29 percent from a year earlier. Wholesale Computers Revenue climbed 25 percent to a record $12.8 billion.
"The first-quarter revenue was an all-time record for Intel fueled by double digit annual revenue growth in every major product segment and across all geographies," CEO Paul Otellini said in a statement accompanying the results. LASER POINTERS
Intel's earnings came in at a record 56 cents a share -- or 59 cents, excluding
Before the report, Intel stock finished regular trading at $19.86, up 24 cents, or 1.2 percent, from Monday's closing price.wholesale ebook reader The shares were climbing in after-hours trading.
Yahoo: The Sunnyvale Internet content powerhouse reported a $223 million profit, down 28 percent year over year. Revenue fell 24 percent to $1.2 billion, in part from a change in how Yahoo reports revenue after it entered a search partnership with Microsoft.wholesale netbook online
"We are solidly executing toward our plan for returning Yahoo to sustainable revenue and profit growth," CEO Carol Bartz said in a news release. "During the quarter, we beat the midpoint of revenue guidance while continuing to deliver on the bottom line."
Yahoo's earnings were 17 cents a share.wholesale spy camerca
Before the report, Yahoo shares dropped 22 cents, or 1.4 percent, to close at $16.12. The stock was up in after-hours trading.
Juniper Networks: The Sunnyvale maker of networking equipment (and rival to San Jose-based Cisco Systems) reported a $130 million profit, which was down 20 percent. Revenue climbed 21 percent to $1.1 billion.
"We are executing on our innovation road map with new solutions that define our vision of the new network. Innovation is at the core of our multiyear growth agenda," CEO Kevin Johnson said in a news release.
VMware: The Palo Alto maker of virtualization software and cloud computing infrastructure reported a $126 million profit, up 61.5 percent. Revenue was up 33 percent to $844 million.
"The quarter's strong performance underscores the value that VMware is providing customers on their journey to cloud computing," CEO Paul Maritz said in a news release.
Seagate's $1.4B deal
Seagate -- the maker of hard disk drives that operates out of Scotts Valley -- is buying South Korean-based Samsung Electronics' hard disk drive business for just under $1.4 billion in cash and stock.
The deal is the latest in a wave of consolidation in the hard disk drive industry. Western Digital, you might recall, announced early last month that it's buying Hitachi Global Storage Technologies for $4.3 billion in cash and stock. The Hitachi unit is the descendant of IBM's San Jose-based disk drive business. (An IBM engineer in San Jose invented the disk drive in the 1950s.)
As for the Seagate deal, it secures a supply of flash memory chips for the disk drive maker -- and it secures a supply of hard drives for Samsung. According to The Associated Press, the deal also gives Samsung nearly 10 percent ownership of Seagate.
"With these agreements, we expect to achieve greater scale and deliver a broader range of innovative storage products and solutions to our customers, while facilitating our long-term relationship with Samsung," Seagate CEO Steve Luczo said in a news release.
No comments:
Post a Comment