Market News

Cirrus Logic Inc. (CRUS)

Cirrus Logic, Inc. (Nasdaq: CRUS), a leader in high-precision analog and digital signal processing components, said second quarter revenue was $55.7 million compared to $53.3 million during the second quarter of fiscal year 2009 and $37.5 million in the previous quarter. Gross margin for the quarter was 52 percent, down from 56 percent in the quarter a year ago and flat compared to 52 percent reported for the previous quarter.
Net income was 6,764,000 in the quarter vs. 6,339,000 in the year-prior period.

Oct 20 · 10:10:00 AM · Source: Business Wire
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by Larry Etter

Quest Software Inc. (QSFT)

Quest Software, Inc. (Nasdaq: QSFT) today announced valuable updates to its SharePoint management products, Quest Recovery Manager and Quest Site Administrator for SharePoint.
Both products streamline SharePoint administration and recovery, and further protect user access.

Oct 20 · 9:53:00 AM · Source: Business Wire
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by Larry Etter

Texas Instruments (TXN)

Texas Instruments reported a third-quarter profit of $538 million, or 42 cents a share, compared with a profit of $563 million or 43 cents a share in the year-earlier period. Revenue fell to $2.9 billion from $3.4 billion. In the current quarter, TI said it expects revenue in the range of $2.78 billion to $3.02 billion, and earnings per share in the range of 42 cents to 50 cents.
In a statement, Chief Executive Rich Templeton said: "We are encouraged with the strong sequential increase in demand for our products over the past two quarters, as our customers are winding down their inventory corrections and have begun to increase production levels in their factories."

Oct 20 · 9:49:00 AM · Source: Market Watch
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by Rich Pike

eBay (EBAY)

Giving customers even more choice in how they pay online, eBay (Nasdaq:EBAY) and PayPal (Nasdaq:EBAY) now offer Bill Me Later as a payment option during checkout. With Bill Me Later, qualified eBay and PayPal customers in the U.S. can now manage their budgets more easily, buying items quickly and effortlessly and paying for them over time, without using a credit card.
On eBay, Bill Me Later will be available as a payment option for both Buy It Now and approved auction purchases. Qualified customers can also use Bill Me Later at tens of thousands of their favorite online merchants that accept PayPal Express Checkout

Oct 19 · 12:07:00 PM · Source: Business Wire
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by Larry Etter

NCR Corp. (NCR)

NCR Corporation (NYSE: NCR) today announced that ING Belgium has chosen the NCR SelfServTM 34 automated teller machine (ATM) with cash-recycling module to equip its new-concept Proxi branches.
The Proxi branch concept is part of ING Belgium’s retail bank strategy, unveiled in 2007 and driven by changes in customer expectations and habits, particularly the trend towards electronic channels. Proxi branches have an attractive open-plan layout with a fresh design and no counters or security glass, in order to facilitate interaction between customers and bank staff.

Oct 19 · 9:21:00 AM · Source: Business Wire
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by Larry Etter

Accenture Ltd. (ACN)

Accenture (NYSE:ACN) has completed its acquisition of the professional services unit of Nokia (NOK) responsible for providing engineering and support of the Symbian operating system to mobile device manufacturers and service providers. The Symbian operating system is the world’s most widely used platform for smartphones.
The acquired unit will focus on providing global companies with a broad range of embedded software services and capabilities for mobile devices and will be called Accenture Embedded Mobility Services. The new capabilities will complement and enhance the product engineering and software development services that Accenture already provides to global clients today, helping to reduce development costs and time to market while enhancing product quality and functionality.

Oct 16 · 11:00:00 AM · Source: Business Wire
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by Larry Etter

Dell (DELL)

In advance of the worldwide launch of Windows 7 next week, Dell is unveiling a new series of Windows 7 consulting, management and support services to help companies and organizations better prepare migration plans to the new operating system.
The consulting and services offerings are designed to help businesses of any size efficiently migrate to Windows 7 with fixed-scope consulting engagements to help them save money and time.

Oct 16 · 10:56:00 AM · Source: Business Wire
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by Larry Etter

Advanced Micro Devices (AMD)

AMD (NYSE:AMD) Thursday reported revenue for the third quarter of 2009 of $1.396 billion, an increase of 18 percent compared to the second quarter of 2009, but a decrease of 22 percent compared to the third quarter of 2008. AMD third quarter showed a net loss attributable to AMD common stockholders of $128 million, or $0.18 per share, which includes a net favorable impact of $54 million, or $0.08 per share, primarily from a $66 million gain from the repurchase of debt. AMD’s operating loss was $77 million in the quarter.
AMD expressed optimism about future, saying it expects its product Company revenue to be up modestly for the fourth quarter of 2009.

Oct 15 · 4:30:00 PM · Source: Business Wire
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by Larry Etter

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