[ad_1] AMD, Intel to be negatively affected by PC lawsuit – Citi By Sam Boughedda Citi analysts maintained Neutral ratings on Advanced Micro Devices (NASDAQ: ) and Intel (NASDAQ: ) because they expect the PC lawsuit to negatively impact both companies. “October notebook shipments fell 17% MoM, below Citi’s expectation of 12% QoQ, due to … Read more
/cloudfront-us-east-2.images.arcpublishing.com/reuters/J4CFPXNZBVLLJDOGFEHWMAGKGM.jpg)
[ad_1] Nov 2 (Reuters) – Chipmaker Advanced Micro Devices Inc ( AMD.O ) grabbed more share in the lucrative data market from rival Intel Corp ( INTC.O ) in the third quarter, drawing praise from analysts and triggering a nearly 5% jump. in his stock on Wednesday. The company’s continued expansion into server processors has … Read more
[ad_1] Tony Avelar | Bloomberg | Getty Images Hard drive maker Seagate Technology said on Wednesday that it plans to cut 8% of its global workforce, or about 3,000 employees, citing economic uncertainty and declining demand for its parts. “In addition to adjusting our production, to drive supply discipline and price stability, we are implementing … Read more
[ad_1] Intel Corp. is planning a major cut in staff, likely by the thousands, to cut costs and deal with a surging personal-computer market, according to people familiar with the situation. The layoffs will be announced as early as this month, and the company plans to make the move around the same time as its … Read more