Seventh Person Arrested in Insider Trading Probe

Another arrest of an expert consultant in the ever-widening FBI investigation into insider trading of tech companies.

Oracle Wants a Chip Company? Which One?

Oracle may not have a five-year acquisition budget–or a one-year acquisition budget, for that matter–but if it did it would include a line item for a chip company or two. CEO Larry Ellison says the company’s acquisitive appetites these days are leaning toward silicon.
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Intel Intent on Ingesting Infineon Unit

Intel’s in an acquisitive mood these days. A week after buying antivirus software maker McAfee for $7.68 billion, the company is reportedly finalizing a deal to acquire Infineon Technologies’ wireless business.

Roth Cuts Intel, Several Chips

Roth Capital Partners analyst Arnab Chanda this morning lowered his rating on several chip stocks to “Hold” from “Buy,” citing the risk of a modest inventory build given high projected margins and growth at Intel, Marvell, Nvidia and others.

Drive Stocks Slammed by Fears of New Supply Glut

Shares of both Seagate and Western Digital are getting battered on fears that the hard-drive sector could once again soon find itself with a glut of supply. At least in part, the Street is reacting to this morning’s downgrade of Marvell by Barclays Capital, which as I noted earlier was in response to indications from Taiwanese component makers of a slowdown PC demand.

Chipmakers Slashing Production as Demand Crumbles

There’s a dire outlook for PC chip production–most key chip companies are predicting a production drop of at least 13 percent. Taiwan Semi, the leading contract chip manufacturer, is forecasting a 29 percent drop in revenue for Q4. Accordingly, semiconductor companies are drastically reducing their output.

Marvell: Deutsche Bank Cuts to Hold; Stock Extends Slide

Marvell (MVRL) shares are down sharply again today, pressured this morning by Deutsche Bank analyst Arnab Chanda, who cut his rating on the stock to Hold from Buy. He cut his target price on the stock to $15 from $20.

Marvell Says No New Guidance; Worried on Economy

Marvell (MRVL) said in a statement issued to Tech Trader Daily late Wednesday afternoon that it did not provide investors with new guidance in its one-on-one meetings with investors at the Citigroup technology conference earlier in the day, but that its statements were consistent with its concerns about the softening economy.

Intel, Not ARM, Inside …

Intel CEO: Atom's Da Bomb

Intel’s putting the mobile phone market on speed dial. Two years after selling off its chip business for mobile handhelds and cellphones to Marvell, the world’s largest chip-maker is turning its attention once again to the mobile phone market with dollar signs in its eyes.
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Intel CEO: Atom’s Da Bomb