Nvidia Corp. (NASDAQ:NVDA): Nvidia shares are up, as the chipmaker reports EPS of 20 cents, in line with expectations, and revenue of $1.05 billion, missing the $1.08 billion consensus. However, Nvidia will be adding another $1 billion to its buyback plan, for a total of $1.286 billion available for buybacks. The GPU division saw sales fall 2 percent in the third quarter to $876.8 million, as Tegra division sales racked up $111.2 million — up 111 percent over the quarter prior, due to the Tegra 4 ramp up and the Shield console sales, but down 54 percent year-over-year, as tough direct competition from Qualcomm, and tough indirect competition from Apple and Samsung’s in-house app processors took an effect.
Intel Corp. (NASDAQ:INTC): Tizen — the joint venture OS project between Intel and Samsung — may take a bit longer than expected, for those waiting on a Tizen-based ecosystem. The big news is that the Tizen TV, a central component to the program, is taking a backseat for now as the two companies focus their efforts on the handset. “We’ve seen much progress in the Tizen TV, but the phone will come first,” said Samsung’s Kim Hyun-seok.
Qualcomm (NASDAQ:QCOM): As trends start to favor lower-end smartphones and devices, Qualcomm — the world’s largest manufacturer of mobile chips — has cut its fiscal first-quarter sales estimates to numbers that could fall below analyst expectations. The company now anticipates sales in the period ending in December to fall at $6.3 billion to $6.9 billion, while the Wall Street consensus rests at $7.01 billion. “They’re seeing a bit of a slowdown in chipsets,” said Bernstein analyst Stacy Rasgon, who has the equivalent of a buy rating on Qualcomm shares. “This wasn’t a bad report, but it’s definitely not good.”
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