Tech Biz Cheat Sheet: Apple Launches iCloud; BlackBerry Experiencing Widespread Service Outages
Western Digital (NYSE:WDC) is saying production of hard drives will be constrained in the current quarter due to flooding in Thailand. Though the disk-drive maker’s facilities in Thailand are operational, production has been temporarily suspended to protect against water damage.
DigiTimes is reporting that contract manufacturer Pegatron has received orders to produce 15 million iPhone 4S units, well above the 10 million of previous reports. The change could be the result of strong early demand for the new iPhone, or simply that Apple (NASDAQ:AAPL) has shifted orders from another manufacturer.
iSupply estimates that AMD’s (NYSE:AMD) share of the PC CPU market declined 1.1% year-over-year in the second quarter, to 10.4%, while Intel’s (NASDAQ:INTC) rose 1.1% to 80.7%. Industry-wide CPU revenues rose 10% year-over-year, outpacing PC shipment growth of 3.7%.
Aruba Networks (NASDAQ:ARUN) could soon be dealt a heavy blow, as emerging Wi-Fi start-ups are allowing companies to manage their own Wi-Fi networks over the Internet instead of with expensive controllers that make up 40% of Aruba’s revenue.
Demand Media (NYSE:DMD) is looking to cut its publishing volume while increasing article quality, a move thought to be triggered by Google’s (NASDAQ:GOOG) Panda update. Demand has often been derided as a “content farm” for publishing large volumes of inexpensive articles, and news that might change is spawning a backlash among the company’s numerous freelance writers.
Today Apple (NASDAQ:AAPL) launches iCloud, which will be included free with an update to iOS 5.
Widespread BlackBerry service outages have hit Europe and Asia again, with users facing problems with e-mail, instant messaging, and surfing the Web. Research in Motion (NASDAQ:RIMM) is blaming the issues on a “core switch failure.”
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The board of ADTRAN (NASDAQ:ADTN) has approved a 5 million share repurchasement program. The company’s third-quarter earnings report beat EPS estimates by $0.03 on revenue of $192 million, up 18% year-over-year.