Webwire: Intel 4Q forecast lifts spirits; IBM holds steady in 3Q
Chip maker Intel’s 4Q sales forecast is giving hope that PC sales won’t fall as far as predicted, however a decline is still in the cards. The firm predicts sales of $13.1 billion (€10 billion) to $14.1 billion for the period.
IBM blamed the rising value of the US dollar for a tough 3Q in which earnings per share only just beat analysts’ estimates. The firm relied on strong software sales and strict cost controls to achieve the result.
Social network Facebook has opened its first engineering center outside of its domestic US market. The firm is currently training around 20 staff for the new site in the UK.
Microsoft plans to launch its Surface tablet in eight countries on October 26, pricing the unit at $499 (€381) for a 32-GB version.
The European Union is about to demand that Google rethink its personal information collection practices to address the “high risks to the privacy of users” this entails, but has stopped short of declaring Google's practices illegal.
Amazon is reportedly in talks to buy Texas Instruments' mobile chip unit in a deal likely to be worth billions. TI has expressed a desire to exit the mobile sector and focus instead on segments including consumer electronics.
Russian mobile operator MegaFon has arranged to acquire Euroset – the nation's largest handset retailer – in a deal worth $1.3 billion (€992 million).