For the last two months, we’ve been telling you that after a brutal recession, tech is back — and leading the charge for a U.S. recovery. On Monday, further evidence of that trend emerged, as global microchip sales shot up 47.2% in January, compared to the previous year, according to the Semiconductor Industry Association. Chip stocks surged 3.1 percent on the report, led by Sandisk ( SNDK ), which… Continue reading Microchip Sales Soar 47% in January as Tech Gains Steam Microchip Sales Soar 47% in January as Tech Gains Steam originally appeared on DailyFinance on Mon, 01 Mar 2010 19:15:00. Filed Under: IBM , Intel , SanDisk Permalink | Tweet this! | Comments

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Microchip Sales Soar 47% in January as Tech Gains Steam

Ever since 2006, when Barry O’Callaghan merged Houghton Mifflin with Harcourt, HMH has been nothing but a river of deep, mounting debt for the Irish education-publishing magnate and HMH’s parent company, Education Media & Publishing Group. Even two debt restructurings as recently as August left the company holding more than $6 billion in debt, and in danger of defaulting on a slew of creditors — some with plenty of troubles of their own . But O’Callaghan might have a savior in hedge-fund manager John Paulson (pictured). Continue reading Can John Paulson Save Houghton Mifflin Harcourt from Doom? Can John Paulson Save Houghton Mifflin Harcourt from Doom? originally appeared on DailyFinance on Thu, 14 Jan 2010 15:10:00. Filed Under: Company News , People , Media Permalink | Tweet this! | Comments

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Demand for consumer technology is back — and companies and governments seem ready to go shopping for tech again too. Intel ( INTC ), the world’s largest chip-maker, handily beat Wall Street earnings expectations Thursday, reporting a blockbuster fourth quarter and forecasting a strong first quarter of 2010. The results are further evidence that the tech industry is on the leading edge of the U.S. economic recovery, and offer reason for optimism heading into tech-earnings season. Intel’s results were fueled by strong consumer tech spending — a welcome development for the economy — amid signs that corporate technology spending might be set to finally pick up. Continue reading Intel’s Strong Quarter Fuels Optimism for Tech Sector Intel’s Strong Quarter Fuels Optimism for Tech Sector originally appeared on DailyFinance on Thu, 14 Jan 2010 20:50:00. Filed Under: Intel Permalink | Tweet this! | Comments

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Intel Corp. ( INTC ) will release its fourth-quarter earnings in a new format on Thursday, clearly showing how it restructured itself to remain competitive during the challenging economic environment of the recession. The new structure, which breaks out the company’s performance in key market segments, also sends a message to Wall Street, showing how the world’s leading chip maker’s business model has been successful and has positioned it for profitability in upcoming quarters. Continue reading Intel to Break Down Earnings: Expect Breakout Numbers Intel to Break Down Earnings: Expect Breakout Numbers originally appeared on DailyFinance on Wed, 13 Jan 2010 14:02:00. Filed Under: Technology , Investing , Earnings , Intel Permalink | Tweet this! | Comments

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Filed under: People , Investing The Wall Street Journal has done a public service by getting its hands on court records in the case of Galleon Holdings founder Raj Rajaratnam, who is currently walking around on $100 million bail. He’s no Bernie Madoff, who stole $60 billion from his investors in a Ponzi scheme. Rajaratnam allegedly paid for inside information and traded on it — a far more subtle form of stealing. But in the cases of both Madoff and Rajaratnam, the Securities and Exchange Commission knew about their alleged nefarious acts for at least a decade before charging them. Bruce Watson posted on Madoff’s long history of evading the SEC’s weak efforts to stop him. And the Journal’s reporting on how Intel ( INTC ) caught its employee, Roomy Khan, calling and faxing sales reports into Rajaratnam is revealing. Continue reading Oops, they missed it again: SEC had chance to nab Rajaratnam in 1998 Oops, they missed it again: SEC had chance to nab Rajaratnam in 1998 originally appeared on DailyFinance on Fri, 04 Dec 2009 10:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Filed under: People , Investing With a mountain of evidence ranging from a cooperating witness to wiretapped confessions by an accomplice all but admitting guilt, prosecutors in the Galleon Group insider trading case might think they have an airtight case. But billionaire Galleon founder Raj Rajaratnam seems to be bracing for a fight. Last week Rajaratnam’s lawyers took to the offensive and succeeded in having cooperating witness Roomy Khan’s criminal background included in the hearings . Khan, a former employee of both Intel and Galleon, is a central witness against Rajaratnam. Khan has already pleaded guilty to trading on and passing on insider information as part of a plea agreement. Continue reading Galleon’s Raj Rajaratnam gears up for a legal showdown Galleon’s Raj Rajaratnam gears up for a legal showdown originally appeared on DailyFinance on Sun, 22 Nov 2009 19:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Filed under: Investing , Intel , Bank of America Stocks fell sharply Thursday after a sector downgrade and an overseas sell-off caused skittish investors to grow concerned that the rally has outpaced the potential for future earnings growth. The blue-chip Dow Jones Industrial Average ( $INDU ) dropped 93 points, or 0.9%, to 10,334. The broader S&P 500 ( $INX ) fell 14 points, or 1.3%, to 1,096, while the tech-heavy Nasdaq Composite ( $COMPX ) shed 36 points, or 1.7%, to finish at 2,157. Continue reading Dow falls 93 points on chip stocks, overseas sell-off Dow falls 93 points on chip stocks, overseas sell-off originally appeared on DailyFinance on Thu, 19 Nov 2009 16:45:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Filed under: Company News , Technology , Investing , Hewlett-Packard , Dell , IBM , Intel , AMD New York State Attorney General Andrew M. Cuomo filed a massive antitrust lawsuit Wednesday against Intel ( INTC ), accusing the giant chipmaker of violating state and federal laws by using “bribery and coercion” as well as “illegal threats and collusion” to hurt rivals. In particular, the lawsuit accuses Intel of using its market power to hurt rival AMD ( AMD ), which has long played in Intel’s huge shadow. Cuomo has accused Intel, whose chips power roughly 80 percent of the PCs and server computers sold every year, of paying IBM ( IBM ) $130 million to bribe Big Blue to put the brakes on AMD’s Opteron chip, as well as threatening to scuttle joint projects with IBM if the computer giant used AMD’s chips. Intel could face hundreds of millions in penalties. Continue reading New York’s Cuomo goes after Intel in a major antitrust suit New York’s Cuomo goes after Intel in a major antitrust suit originally appeared on DailyFinance on Wed, 04 Nov 2009 12:50:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Filed under: Company News , Healthcare With swine flu giving viruses all the attention, bacteria probably felt a little jealous, because now it’s trying to steal the media spotlight with a pandemic of its own. ” Antibiotic resistance is an international pandemic that compromises the treatment of all infectious diseases,” says a new report from the American Academy of Microbiology. “Resistance essentially is uncontrollable.” Pharmaceutical companies were quick to jump on the swine flu (H1N1) bandwagon and develop a vaccine — attracting hundreds of millions of dollars of contracts from governments around the world in the process. But when it comes to antibiotics and fighting the growing problem of antibacterial resistance, the world doesn’t seem as interested. The AAM’s findings adds its voice to recent warnings on antibiotic research from the London School of Economics and Political Science, which agrees that Big Pharma needs better incentives for developing antibiotics. Continue reading Antibiotic resistance: Why Big Pharma can’t combat our second-worst killer Antibiotic resistance: Why Big Pharma can’t combat our second-worst killer originally appeared on DailyFinance on Fri, 16 Oct 2009 13:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Filed under: Technology , Dell , Intel , Microsoft , Oracle , Cisco Corp The current M&A wave among tech giants like Dell ( DELL ), Cisco ( CSCO ) and Intel ( INTC ) reveals something new — and promising — about the tech landscape, and perhaps for the U.S. economy at large. The titans’ shopping spree shows that rather than just bottom-fishing, they’re jostling to get in on a new wave of growth stimulated by new products. And that could be a bullish sign for investors, who have been searching for new sources of spending to power an otherwise sagging economy. For instance, with Microsoft ( MSFT ) gearing up to launch its new Windows 7 line next week, the tech industry has been buzzing about whether the release will finally kick off a long-awaited product cycle in the sector. But while tech chiefs are always talking up the promise of innovation, they’re now starting to put their money where their mouths are. Continue reading Investors take note: Today’s tech M&A wave is all about growth Investors take note: Today’s tech M&A wave is all about growth originally appeared on DailyFinance on Fri, 16 Oct 2009 13:15:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Investors take note: Today’s tech M&A wave is all about growth