Version 1.60 update brings support for Sony's Pulse wireless stereo headsets and new $99.99 Gold Wireless Headset, which hits stores soon.
Chipmaker lists new Xeon processors rated as low as 45 watts and shaves the price of its Z530 Atom processor (512k cache, 1.60 GHz) 7 percent, from to $65 from $70.
SGI stock dropped 83 cents, or 34 percent, to $1.60 in midday trading Tuesday after the high-end computer maker warned revenue would be lower than expected for the quarter ended June 28. SGI said Monday that revenue would be between $280 million and $290 million instead of $310 million to $330 million.
Lehman Brothers raised its fourth-quarter earnings estimates for Compaq Computer from $1.44 to $1.60 per share because of expected strength in Compaq's gross margins, according to a Reuters report. Lehman expects Compaq, which will release fourth-quarter results on Wednesday, to forecast strong 1997 growth and margin outlook at that time.
Lucent Technologies reported a net income of $859 million, or $1.35 a share for its first quarter of 1997, compared to a net loss of $1.02 billion, or a loss of $1.60 per share, for the same quarter last year. Lucent reported record quarterly revenues of $7.94 billion, up from $7.43 billion. On a full 1996 calendar year basis, revenues yielded 11 percent growth, or almost 14 percent growth on continuing operations. The company's net income was $1.08 billion, compared to a loss of $867 million in calendar year 1995, which included restructuring charges.
NatWest Securities raised its earnings forecasts for Compaq Computer and Dell Computer, according to a Reuters report. Compaq's fourth-quarter earnings estimate was raised to $1.60 a share from $1.45, the 1997 EPS forecast to $6 a share from $5.75, and the 1998 forecast to $7.25 from $7. NatWest raised Dell's fourth-quarter estimate to 85 cents a share from 70 cents; it also upgraded the 1997 forecast to $2.62 from $2.47, and the 1998 forecast to $3.50 from $3.25. NatWest's six-month price target for Compaq rose to $90 from $85, for Dell to $63 from $45.