Company reports earnings of $1.14 per share on $30.8 billion in sales, and it forecasts earnings of $1.03 to $1.05 per share on sales of $29.6 billion to $29.9 billion.
Palm releases an update, webOS 1.03, for the Palm Pre, bringing feature improvements.
Revenues of the PC maker hit $33.6 billion, with adjusted earnings of $1.03 per share. That's "another solid quarter," CEO Mark Hurd says, as it digests EDS.
Utilities Updates: Mozilla 1.7.11; maintain1 7.4_PRO; Coconut 1.03; Widget Master 1.4; more
iClock 1.03b1; Safari Menu 1.2.1; Virex 7 Scripts 1.03; Mount.app 1.0; Magellan X 3.5.1; more
Hewlett-Packard has licensed API NetWorks' HyperTransport designs for high-speed connections between chips, API said Monday. The technology, originally created at Advanced Micro Devices, is intended to create bridges between system components such as CPUs and high-speed network subsystems. In addition, the HyperTransport Consortium that now controls the technology released on Monday version 1.03 of the specification as a public download. Although the technology may be licensed royalty-free, the consortium said a public specification will make it easier for developers to evaluate it.
Mobile phone chipmaker Qualcomm reported fiscal third-quarter earnings 20 percent below results from last year. The company posted third-quarter pro forma earnings of $268 million, or 22 cents a share, compared to $352 million, or 27 cents a share, in the same quarter last year. Wall Street expected Qualcomm to post earnings of 21 cents a share, the consensus estimate of analysts surveyed by First Call. The San Diego-based company generated $640 million in revenue for the quarter compared to $714 million last year, a 10 percent drop. Qualcomm pinned the shortfall on lower license fees it charged for its technology and lower demand for chips as the global economy continued to drag on its business. Looking ahead, Qualcomm expects to match Wall Street earnings expectations of pro forma 25 cents a share for the fourth fiscal quarter, and predicts a 10 percent increase in revenue from the third quarter. The company also expects to make $1.04 a share for fiscal year 2001, which beats current Wall Street expectations of $1.03 a share. Excluding charges, Qualcomm posted a net loss of $275 million for the third quarter compared to net earnings of $155 million last year.
Nextlink Communications posted a fourth-quarter net loss of $192 million, or $1.57 per share, including a restructuring charge of $30.9 million related to relocation costs. The loss is wider when compared with a net loss of $96.5 million, or $1.03 a share, for the same period a year ago. Wall Street expected a loss of $1.47, according to First Call. Quarterly revenue increased to $90 million from $43.3 million a year ago. Nextlink recently moved from Washington to Virginia.