Tech Today: Qualcomm Warns, Downgrading Amazon, Debating WDC

Here are some things going on today in your world of tech: Shares of Hadoop software vendor Cloudera (CLDR) are set to open for their first day of trading any moment now, after the company priced the deal at $15, above a prior range of $12 to $14. Shares of Qualcomm (QCOM) are down $1.69, or 3%, at $51.52, after the company this morning slashed half a billion dollars from its outlook for this quarter, saying Apple (AAPL) continues to interfere with royalty payments the company is owed, and will continue to do so during the legal dispute between the two. Speaking of litigation, chip equipment maker ASML Holding NV (ASML) fired its counter-shot at Japan’s Nikon (7731JP), which filed suit against ASML on Monday, and against ASML's supplier, Germany’s Carl Zeiss SMT GmbH, for infringing on Continue reading "Tech Today: Qualcomm Warns, Downgrading Amazon, Debating WDC"

Synaptics Jumps 8%: CEO Bergman Upbeat on Sensor Integration

Shares of Synaptics (SYNA) are up $3.13, or almost 6%, at $56, and at one point rose over 8%, after the company this afternoon reported fiscal Q3 revenue and profit that topped analysts’ expectations, and forecast this quarter’s revenue in line with consensus. CEO Rick Bergman was kind enough to talk with me by phone following the report. Revenue in the three months ended in March rose 10%, year over year, to $442 million, yielding EPS of $1.27. Analysts had been modeling $430 million in revenue and $1.20 per share in earnings. Revenue from the company’s mobile products was down 2% from the prior quarter, but up 10% from the prior-year quarter. From from personal computer-related products dropped 17% from the prior quarter and rose 10% from the prior-year period. For the current quarter, the company sees revenue of “approximately $1.7billion,” versus consensus Continue reading "Synaptics Jumps 8%: CEO Bergman Upbeat on Sensor Integration"

Apple: ‘Depth Sensing’ Can Save the ‘Stale’ iPhone, Says Oppenheimer

Apple (AAPL) is expected to report fiscal Q2 results on May 2nd, but few will be focusing on numbers with Apple, writes Oppenheimer & Co.’s Andrew Uerkwitz, they’ll be focusing on the next iPhone, and so in that spirit, he today offers his own speculations as to what areas of technology in the device Apple will focus on. Uerkwitz, who has an “Perform” rating on Apple, takes as his focus the technology known as "depth sensing,” which relates to something that’s been discussed a lot lately, “3-D sensing." "Simply put, it's the one technology left in the phone to drive real innovation...but also lays the groundwork for an AR headset,” writes Uerkwitz of depth sensing. Depth-sensing, and thinks like augmented reality, and “contextual awareness,” are necessary, he writes, because the smartphone has “grown stale” as simply a replacement for the personal computer. “The majority of use cases are astoundingly stale,” he writes.

OLED, Synaptics, Micron Get Good Vibes from Samsung, Says Cowen

Following the earnings report of Samsung Electronics (005930KS) this morning (covered by my colleague Isabella Zhong over at, Asia Stocks to Watch, Cowen & Co.’s Timothy Arcuri and Robert Stone see encouraging trends for two of Samsung’s suppliers, Universal Display (OLED), and Synaptics (SYNA). There’s also good news here for Micron Technology (MU) and Western Digital (WDC) on the memory-chip front. The authors rate Universal, Synaptics, Micron and Western all at Outperform.

Tech Today: Altaba’s Value, GrubHub Surges, Nokia Rises, Samsung’s Dividend

Here are some things going on today in your world of tech: Activist Starboard’s Jeff Smith, a Yahoo! (YHOO) board member, speaking with David Faber on CNBC a short while ago, regarding the pending spin of Yahoo!’s investment in Alibaba Group Holding (BABA) as Altaba. Faber asked him about possible return of cash to shareholders. Smith, without being specific, remarked, “Look, you have a stock trading at 35% discount to net asset value, there are a lot of ways to close that gap to increase value to what will be Altaba shareholders. "There are a lot of ways to win with Altaba,” he said. Regarding CEO Marissa Mayer’s $186 million departure package when she leaves Yahoo!, Smith said it had been set up before he came on board Yahoo!. Asked if he would have approved such a package, he remarked, “Difficult to say. Continue reading "Tech Today: Altaba’s Value, GrubHub Surges, Nokia Rises, Samsung’s Dividend"

Apple et. al.: JP Morgan Raises Smartphone View, Sees Better Growth in 2018

J.P. Morgan’s Rod Hall, who follows Apple (AAPL) and other hardware makers, today offers a quick update on the trends for the smartphone market, with his research suggesting a slightly better environment this year than previously thought. Hall raises his outlook for this year’s handset shipments — that includes devices that are more primitive than Apple’s iPhone and other  smartphones, things such as "features phones" — to 1.92 billion units, about 20 million higher than his prior estimate for 1.9 billion units. For just the smartphone category, Hall raises his number to 1.59 billion, from a prior 1.54 billion, an extra 52 million units. That would be growth of 5% this year, up from a prior 4% forecast.