Intel kicks off tech earnings season and the fourth quarter is expected to be strong as the PC industry prepped for the launch of Sandy Bridge, the chip giant's latest processor with integrated graphics.
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The leading graphics chipmaker reports a big jump in earnings for its second quarter, which it attributed to its deal to supply chips for Microsoft's Xbox.
The Canadian software maker releases a set of tools, Smart Graphics Studio, part of the company's push to drive earnings from tools using XML.
Graphics chipmaker ATI Technologies acknowledged Thursday that it is being investigated by the Ontario Securities Commission for possible insider trading and other violations. According to the notice sent to Markham, Ontario-based ATI, the company is accused of failing to make a timely disclosure of shortfalls in earnings and revenue for the third quarter of 2000.
Software maker Adobe Systems edged past expectations Thursday, reporting quarterly profit and revenue that were way down from a year ago but a slight improvement sequentially. Adobe reported diluted earnings of $49.8 million, or 20 cents a share, for its first quarter, ended March 1. That compares with $69.8 million and 28 cents a share in the same period a year ago and $34.3 million and 14 cents a share in the previous quarter. Adobe, which mainly makes software for electronic and print publishing, has been hit hard by the advertising downturn. But the release of a new version of Photoshop, the company's flagship graphics product, is expected to boost earnings this year. Excluding one-time charges, first-quarter earnings came in at 22 cents a share. On that basis, analysts polled by financial-research company First Call expected earnings of 20 cents a share. First-quarter revenue came in at $267.9 million, compared with $329 million a year ago and $264.5 million in the previous quarter. The company said in a statement that it expects revenue to rise significantly for the second quarter, setting a range of $305 million to $325 million. Per-share earnings were projected to between 24 cents and 27 cents. --David Becker, Special to ZDNet News
The publishing and graphics software maker reports quarterly earnings slightly below analyst expectations, as it continues to suffer through the weak economy.
Shares of ATI Technologies fell 14 percent Thursday after the graphics chipmaker warned it will post a loss in its fiscal second quarter amid a slowdown in business.Markham, Ontario-based ATI (atytf) said it expects to report an adjusted net loss of 11 cents to 13 cents per share when it releases earnings March 28.
Silicon Graphics (NYSE: SGI) kept its word Monday, posting a second-quarter loss of $1 million, or a penny a share, on sales of $648 million.Its shares closed up 1/4 to 11 1/4 ahead of the earnings report.
Adobe Systems Inc. said on Wednesday that it will cut 250 jobs, or about 9 percent of its staff, and take a $15m (£9.15m) charge. The graphics software company also expects second quarter sales and earnings to be above expectations.