Intel cuts Q3 outlook

Intel cuts Q3 outlook
(Telecompaper) Intel lowered its Q3 revenue outlook to USD 11 billion, plus or minus USD 200 million, compared to the previous expectation of USD 11.2-12.0 billion. The outlook for third-quarter revenue is below the company’s previous estimate due to weaker-than-expected demand for consumer PCs in mature markets. Inventories across the supply chain appear to be in-line with the company’s revised expectations. The company’s expectation for third-quarter gross margin is 66 percent, plus or minus a point, down from the previous forecast of around 67 percent. The impact of lower volume is being partially offset by slightly higher average selling prices stemming from solid enterprise demand. Intel forecast income from equity investments, interest and other of USD 175 million for the quarter. All other expectations for the third quarter remain unchanged.[Lees verder]

Cisco makes bid for Skype – report
(Telecompaper) Cisco has made an offer to acquire Skype, TechCrunch reports citing an unnamed source familiar with the matter. While no price tag was mentioned, Cisco is expected to have bid at least USD 5 billion, Skype’s estimated valuation for its upcoming IPO. Google was also rumored to be interested in Skype, but antitrust concerns may have persuaded it not to make an actual offer, according to TechCrunch. Skype, controlled by private equity firms, filed early this month for an IPO in the US.[Lees verder]

YouTube to launch pay-per-view video service – report
(Telecompaper) YouTube is in negotiations with Hollywood movie studios to launch a global pay-per-view video service by the end of 2010, people familiar with the matter told the Financial Times. Google will use its search technology and YouTube to direct viewers to the new service, which is likely to launch first in the US, with other countries added over time, the paper’s sources said. Negotiations have been ongoing for several months, but have taken on greater urgency in recent weeks. Viewers will stream rather than download the films and pay about USD 5 for newer titles. The movies would be available at the same time as their release on DVD and on Apple’s iTunes store and Amazon.com. YouTube said it had been beta-testing a film rental service since January.[Lees verder]

Intel acquires Infineon’s mobile chips unit for USD 1.4 bln
(Telecompaper) Intel has agreed to buy German semiconductor manufacturer Infineon Technologies’ Wireless Solutions (WLS) business for USD 1.4 billion. WLS, a provider of cellular platforms to top-tier global phone makers, will operate as a standalone business serving its existing customers and will also contribute to Intel’s strategy to make connected computing ubiquitous, from smartphones to laptops to embedded computing. Intel said it will ensure continuity of existing customer sales, projects and support, including the offering of ARM-based products as well as Intel-based application processor platforms with 3G modems. Infineon CEO Bauer said that the sale of WLS enables Infineon to fully concentrate its resources towards strong growth in its core segments Automotive, Industrial & Multimarket and Chip Card & Security. With annual revenue of EUR 917 million, WLS was approximately 30 percent of Infineon’s total annual revenue of EUR 3.03 billion in the past financial year. The board of directors of Intel and the supervisory board and management board of Infineon have approved the transaction. It is expected to close in the first quarter of 2011, subject to regulatory approvals.[Lees verder]

Intel cuts Q3 outlook
(Telecompaper) Intel lowered its Q3 revenue outlook to USD 11 billion, plus or minus USD 200 million, compared to the previous expectation of USD 11.2-12.0 billion. The outlook for third-quarter revenue is below the company’s previous estimate due to weaker-than-expected demand for consumer PCs in mature markets. Inventories across the supply chain appear to be in-line with the company’s revised expectations. The company’s expectation for third-quarter gross margin is 66 percent, plus or minus a point, down from the previous forecast of around 67 percent. The impact of lower volume is being partially offset by slightly higher average selling prices stemming from solid enterprise demand. Intel forecast income from equity investments, interest and other of USD 175 million for the quarter. All other expectations for the third quarter remain unchanged.[Lees verder]

Cisco makes bid for Skype – report
(Telecompaper) Cisco has made an offer to acquire Skype, TechCrunch reports citing an unnamed source familiar with the matter. While no price tag was mentioned, Cisco is expected to have bid at least USD 5 billion, Skype’s estimated valuation for its upcoming IPO. Google was also rumored to be interested in Skype, but antitrust concerns may have persuaded it not to make an actual offer, according to TechCrunch. Skype, controlled by private equity firms, filed early this month for an IPO in the US.[Lees verder]

YouTube to launch pay-per-view video service – report
(Telecompaper) YouTube is in negotiations with Hollywood movie studios to launch a global pay-per-view video service by the end of 2010, people familiar with the matter told the Financial Times. Google will use its search technology and YouTube to direct viewers to the new service, which is likely to launch first in the US, with other countries added over time, the paper’s sources said. Negotiations have been ongoing for several months, but have taken on greater urgency in recent weeks. Viewers will stream rather than download the films and pay about USD 5 for newer titles. The movies would be available at the same time as their release on DVD and on Apple’s iTunes store and Amazon.com. YouTube said it had been beta-testing a film rental service since January.[Lees verder]

Intel acquires Infineon’s mobile chips unit for USD 1.4 bln
(Telecompaper) Intel has agreed to buy German semiconductor manufacturer Infineon Technologies’ Wireless Solutions (WLS) business for USD 1.4 billion. WLS, a provider of cellular platforms to top-tier global phone makers, will operate as a standalone business serving its existing customers and will also contribute to Intel’s strategy to make connected computing ubiquitous, from smartphones to laptops to embedded computing. Intel said it will ensure continuity of existing customer sales, projects and support, including the offering of ARM-based products as well as Intel-based application processor platforms with 3G modems. Infineon CEO Bauer said that the sale of WLS enables Infineon to fully concentrate its resources towards strong growth in its core segments Automotive, Industrial & Multimarket and Chip Card & Security. With annual revenue of EUR 917 million, WLS was approximately 30 percent of Infineon’s total annual revenue of EUR 3.03 billion in the past financial year. The board of directors of Intel and the supervisory board and management board of Infineon have approved the transaction. It is expected to close in the first quarter of 2011, subject to regulatory approvals.[Lees verder]

Comments are closed.