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SuVolta Licenses Low-Power Chip Technology to Fujitsu
Monday, June 6, 2011 - 3:29pm | 251Silicon Valley startup SuVolta has announced that it has technology that will reduce the amount of power consumed by semiconductor chips by 50% or more without sacrificing performance. SuVolta's PowerShrink platform minimizes the electrical variation in each of the millions of transistors on a chip...
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Apple Overtakes Wintel
Monday, June 6, 2011 - 1:58pm | 113Apple (NASDAQ: APPL) is now worth more than the once feared, and now maligned combination of Microsoft (NASDAQ: MSFT) and Intel (NASDAQ: INTC). Apple is worth $317.6 billion as of Friday's close, while Microsoft was worth $201.59 billion, and Intel was worth $115.21 billion, making Apple worth...
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Fairchild Semiconductor Tracking Towards Middle of Guidance, According to FBR
Monday, June 6, 2011 - 7:56am | 137FBR Capital Markets has published a research report on Fairchild Semiconductor (NYSE: FCS) as the company is showing revenues tracking towards the middle of guidance expectations despite impacts to its inventories. In the report, FBR writes, "Recent checks with distributors and others suggest...
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FBR Reports On International Rectifier Corporation After Share Sell-Off
Monday, June 6, 2011 - 7:51am | 125FBR Capital Markets has published a research report on International Rectifier Corporation (NYSE: IRF) after the company's reported earnings weakness in its first quarter. In the report, FBR writes, "Despite shares' meaningful sell-off, some concerns about slower industrial chip shipments, and...
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Earnings Highlights for the Week of June 6
Sunday, June 5, 2011 - 1:02pm | 1032S&P 500 components scheduled to report quarterly results this week include J.M. Smucker (NYSE: SJM), National Semiconductor (NYSE: NSM) and Pall Corp. (NYSE: PLL). While analysts on average are expecting strong earnings growth from Pall, the consensus forecast for Smucker is earnings about the...
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And Cats Like Dogs Today... 06-03-2011
Friday, June 3, 2011 - 6:09pm | 963Cusick's Corner The market just did not have the comeback power of the Mavericks and why should it? The latest labor stats cannot be blindly cast aside even though there's potential for more stimuli on the forefront. What confused some traders was that the VIX actually pulled back. But to event...
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Skyworks Solutions Plunging On Dowgrade
Friday, June 3, 2011 - 3:05pm | 133Skyworks Solutions Inc. (NASDAQ: SWKS) shares are plunging today, down nearly 7% on news that Sterne Agee cut its rating on the stock, moving to Neutral from Buy, saying the mobile chip market has gotten more competitive. Analyst Vijay Rakesh said in a note this morning, “The overall smartphone...
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J.P. Morgan Maintains Neutral Rating On Altera
Friday, June 3, 2011 - 9:06am | 82According to J.P. Morgan, Altera (NASDAQ: ALTR) provided an update on its business for the first two months of its 2Q11. J.P. Morgan said that the company reiterated its prior revenue guidance range of $535.8 million to $562.6 million (flat to up 5% QoQ), above our estimate of a 1% QoQ increase ($...
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Sterne Agee Comments On RF Micro Devices 2H Visibility
Friday, June 3, 2011 - 8:38am | 154According to Sterne Agee, RF Micro Devices (NASDAQ: RFMD) offers a significant entry point with 2H ramp visibility in multiple product cycles Galaxy S2, Optimus, Blackberry CDMA Bold and more. Sterne Agee said that RFMD in the JunQ has new Samsung Galaxy S2 tablets and handsets (005930.KS, KRW 883...
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Sterne Agee Downgrades Skyworks Solutions to Neutral
Friday, June 3, 2011 - 8:33am | 126Sterne Agee downgraded its rating on Skyworks Solutions (NASDAQ: SWKS) to Neutral from Buy. In a research report published today, Sterne Agee suggested the company will face stiff competition from its rivals. In the report, Sterne Agee states, "We are downgrading SWKS from a Buy to a Neutral....
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Benzinga's Top Pre-Market NASDAQ Losers
Friday, June 3, 2011 - 8:17am | 115Orexigen Therapeutics Inc (NASDAQ: OREX) dipped 26.73% to $2.33 in the pre-market session. Orexigen put the further development of its obesity drug candidate Contrave on hold. ARM Holdings plc (NASDAQ: ARMH) dropped 1.47% to $28.06 in the pre-market trading. ARMH's PEG ratio is 3.04. Randgold...
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Benzinga's Top Downgrades
Friday, June 3, 2011 - 8:16am | 136Analysts at Robert W. Baird downgraded Theravance Inc (NASDAQ: THRX) from “outperform” to “neutral.” THRX's shares closed at $23.51 yesterday. Theravance's trailing-twelve-month operating margin is -316.07%. Analysts at HSBC Securities downgraded Shanda Interactive Entertainment Ltd (NASDAQ: SNDA...
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Oppenheimer Has Outperform On Texas Instruments
Friday, June 3, 2011 - 7:34am | 169Oppenheimer & Co. has an Outperform rating and a $41 price target on shares of Texas Instruments (NYSE: TXN). In a note to clients, Oppenheimer writes, "TXN holds its mid-qtr update Wed. (6/8/11) after the close. Mgmt appears to be executing well on Japan clean-up efforts, which could provide...
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Sterne Agee Downgrades Skyworks To Neutral, Removes PT
Friday, June 3, 2011 - 7:23am | 26Sterne Agee has downgraded Skyworks Solutions (NASDAQ: SWKS) from Buy to Neutral and has removed the price target.
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Altera Expects Q2 Sales to be in Line with Previous Guidance of 0% to 5% Sequential Growth
Thursday, June 2, 2011 - 4:16pm | 72Altera Corporation (NASDAQ: ALTR) today announced updated second quarter 2011 sales guidance. The company currently expects that sales for the second quarter will be in line with its previous guidance for flat to up five percent sequential growth. The company continues to believe that the...