(Bloomberg) — Intel Corp. shares climbed in late trading after the chipmaker pledged to slash costs, an effort to weather a persistent slump in computer demand that is dragging down sales and profit and obstructing its turnaround efforts. The company said actions including headcount reductions and slower spending on new plants will result in savings…
(Bloomberg) — Intel Corp. shares climbed in late trading after the chipmaker pledged to slash costs, an effort to weather a persistent slump in computer demand that is dragging down sales and profit and obstructing its turnaround efforts. Most Read from Bloomberg The company said actions including headcount reductions and slower spending on new plants…
The head of Jon Peddie Research, a leading graphics market analysis firm that has been around for nearly 40 years, suggests that Intel might axe its Accelerated Computing Systems and Graphics Group (AXG). The division has been bleeding money for years and has failed to deliver a competitive product for any market segment that it serves.…
Dell Technologies Inc. surged the most in two years after reporting quarterly revenue that topped analysts estimates on strong demand for business PCs and networking services, a sign that companies have been upgrading their systems as workers return to the office. The shares jumped 13 per cent to US$49.58 at the close Friday in New York,…
BlackRock TCP Capital (NASDAQ:TCPC – Get Rating) posted its quarterly earnings data on Wednesday. The investment management company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02, MarketWatch Earnings reports. BlackRock TCP Capital had a net margin of 66.68% and a return on equity of 8.99%. During the same quarter…
(Bloomberg) — Dell Technologies Inc. reported quarterly profit that fell short of Wall Street estimates on a “higher than anticipated” tax rate. Shares declined in extended trading. Revenue increased 16% to $27.9 billion in the three months ended Jan. 28, slightly better than analysts’ average projection of $27.5 billion, according to data compiled by Bloomberg.…
