Broadcom Corp. (NASDAQ:BRCM): Advanced Micro Devices is opening its arms to renowned chip designer Jim Keller again following time at Broadcom, P.A. Semi and, most recently, work on mobile processors for Apple’s iPhone and iPad, AMD reported Wednesday.
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QUALCOMM Incorporated (NASDAQ:QCOM) turned in revenues of $4.63 billion for the third quarter of fiscal 2012, a 28 percent climb year-over-year, but 6 percent decrease sequentially. Qualcomm trimmed its outlook for the present quarter but plans on an impressive December quarter. Chief Financial Officer William Keitel told Reuters, “We think there’s a number of flagship devices that phone manufacturers will be launching. Like last year the consumer uptake was quite strong so we’re expecting a similar situation this coming December.”
Rambus Inc. (NASDAQ:RMBS): Garmin International Inc., an arm of Garmin Ltd. (NASDAQ:GRMN) reported Thursday that the U.S. International Trade Commission has turned down all of Rambus, Inc.’s patent allegations against Garmin. Due to this, the Commission ended the investigation started by Rambus styled In the Matter of Certain Semiconductor Chips and Products Containing Same (Investigation No. 337-TA-753).
ARM Holdings plc (NASDAQ:ARMH): Fabless networking chip company Cavium Inc., based in San Jose, CA, reports that it plans to issue a family of multicore system-chips based on full custom cores oriented to implement the 64-bit ARMv8 instruction set architecture from ARM Holdings. The chips will be geared toward “cloud” and data center opportunities, the company reported.
Seagate Technology PLC (NASDAQ:STX): Looking at Seagate’s year-old 10-K, the company is not superb. Prior to Thai floods granting Seagate a new position in the disc drive field, the company’s industry was at the low point of the product cycle, profit margins were thin and cash flow was unimpressive year-over-year. Record results announced Monday night, however, reveal that Thailand’s floods have permitted Seagate to reach a new operating level; the value of that level, it seems, has not been accounted for yet by markets.
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