Electronic gadgets that help people enjoy digitized books are all the rage. Most share one assumption–that their users can read. Not so the latest offering from Intel.
The company Tuesday announced the Intel Reader, a device about the size of a paperback book that is designed to digitize printed text and read it aloud to users.
Convergence between the television and the home computer — a holy grail of the digital age — has largely eluded the industry, but the living-room screen is now emerging as a key battleground for software and Internet companies.
Consumers are helping pull the technology sector out of one of its worst-ever slumps, and optimism is building that businesses may also start switching on their spending soon.
That upbeat picture emerged as some bellwether technology suppliers issued numbers that were stronger than Wall Street expected, though still reflecting the recession’s harsh effects.
Shares of chip maker Broadcom fell in after-hours trading last night and are down again today despite the fact that the company yesterday exceeded Street expectations for its Q2 and forecast above estimates for the current quarter.
SAP’s new CEO Leo Apotheker says the software giant will focus on its core software business, even as its rivals expand beyond their traditional boundaries.
The latest trend in the tech industry–at least among its biggest companies–is to offer products and services that used to be provided by partners.
There’s a hot formula for hardware start-ups these days: Take standard components that are declining steadily in price, and offer proprietary chips and software that make them work much better.
Chip stocks are suddenly on a ferocious tear: the SMH, the semiconductor HOLDRs, have rallied 16 percent in six days. There’s a spreading view that semiconductor demand may have hit bottom.
But not everyone is convinced.
Auriga USA analyst Daniel Berenbaum this morning asserted in a research note that “the recent rush to call the bottom in semiconductor stocks is based largely on supply-side data that effectively ignores continued deterioration in demand.” Berenbaum thinks the SOX, the widely tracked semiconductor stock index, will eventually return to its November lows in the 170 range.
Texas Instruments, in line with what seems like every other chipmaker in existence, reduced its guidance for Q4 today. The slash in outlook was expected, but no one thought it would be as bad as $1 billion (roughly 30 percent).
Talk about the horse and the barn door.
Amid a 38-percent plunge in shares of chipmaker Anadigics (ANAD) following a gloomy pre-announcement last night, analyst Pierre MacCagno of Needham & Company today reiterated his “strong buy” rating on the stock while cutting his price target from $14 to $6. Thanks for the heads-up.
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