Intel Corporation (NASDAQ:INTC) will debut the next-generation 8 series chipsets with Haswell-based processors in April of next year, Digitimes reports. Shares of Intel traded down $0.15 (0.57%) to close at $26.06.
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QUALCOMM Incorporated (NASDAQ:QCOM): According to sources talking to Digitimes, only 20-25 million iPhones will be produced in the September quarter. The next-generation iPhone will make up a sizable portion of those shipments. This news comes as Apple trades up in spite of Verizon’s disappointing iPhone sales figure, indicating that a Q2 slowdown in the U.S. appears to be priced in. iPhone component suppliers are moving higher as well, due to Qualcomm and Skyworks’ reports. Avian estimated lately that Q2 iPhone builds might have dropped to around 20 million. Shares of Qualcomm traded up $2.39 (4.26%) to close at $58.44.
ARM Holdings plc (NASDAQ:ARMH): Intel is reported to be debuting its next-generation Haswell CPUs in April of next year. Haswell, similar to the newly-launched Ivy Bridge, will utilize a 22mm manufacturing process, but ensures big improvements in power consumption and integration. That ought to assist Intel in competing with ARM-based CPUs in the Windows and Android tablet markets. ARM solutions necessitate less power than Ivy Bridge and are in thinner/lighter tablets. Shares of ARM traded up $1.17 (5.21%) to close at $23.61.
Seagate Technology PLC (NASDAQ:STX) is investigating acquiring OCZ Technology (NASDAQ:OCZ), according to fudzilla reports based on industry sources. The move up Thursday morning in shares of OCZ Technology is being credited to this online report. Seagate shares traded down $0.36 (1.33%) to close at $27.17.
SanDisk Corp. (NASDAQ:SNDK) is presumed to announce Q2 earnings following the market close today, with a conference call scheduled for 5:00 p.m. ET. The consensus estimate is 19c for EPS and $1.02 billion for revenue, First Call reports. SanDisk missed estimates last quarter following doing better than forecasts in the two prior, and is aiming to re-stabilize. The company cautioned last earnings report that a surplus of supply and less than hoped demand would hurt Q2 results, and added that they viewed potential inventory alterations in the quarter. Guidance in Q2 for revenue was around $1 billion, +/- $50 million. The shares traded up $0.82 (2.39%) to close at $35.08.
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