With the presidential election behind us, the primary driver behind the drop in the stock market has been the uncertainty associated with the looming "fiscal cliff."
Texas Instruments will close two of its older computer-chip factories, one in Houston and one in Hiji, Japan, and lay off about 1,000 workers to cut costs.
As we sprint toward the end of December and with roughly six trading days left in the year, the temptation is to say "that's a wrap" and coast in the coming days with the Christmas season in high gear and New Year's Eve right around the corner. While I can understand the temptation to do just that, recent warnings and misses from the likes of Oracle Corp., II-VI Inc., Texas Instruments Inc., Emerson Electric Co. and others have me revisiting investment theses and double-checking data points on the one hand while looking at fresh ideas and companies.
Chip maker Intel Corp. caused shares for the entire microchip sector to sink when it cut its fourth-quarter revenue outlook Monday.
Semiconductor maker Texas Instruments Inc. lowered its outlook for its fourth-quarter revenue and profit on Thursday, saying demand had weakened for a variety of products that use its chips.
Qualcomm Inc., a chip-maker for mobile phones, reported stronger-than-expected quarterly results driven by rising smartphone demand.
Texas Instruments Inc. said Monday that its third-quarter net income fell 30 percent as demand weakened.
When an Internet company plunks down $12.5 billion to buy a struggling cellphone company for its collection of patents, it's another sign that, for the high-tech industry, patents have become a mallet wielded by corporations to pummel their competitors.
When an Internet company plunks down $12.5 billion to buy a struggling cellphone company for its collection of patents, it's another sign that, for the high-tech industry, patents have become a mallet wielded by corporations to pummel their competitors.
