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Intel has discovered a design flaw in its recently released Intel 6 Series chipset, code-named Cougar Point, and has halted shipments of the support chip.
Better-than-expected earnings from General Electric helped lift the Dow and S&P 500. The Nasdaq closed lower after disappointing results from chipmaker Advanced Micro Devices. Overall, the week's strong earnings bode well for coming corporate reports.
AMD announced the resignation of CEO Dirk Meyer Monday, sending stock down over 4% in after-hours trading.
Despite all the amazing gadgets launched at the Consumer Electronics Show -- the smart TVs, 3-D technology, larger touch screens, and tablet PCs -- the bigger news in Las Vegas this week may be about price cuts.
Shipments of personal computers missed forecasts in the third quarter, increasing by 7.6% rather than the 12.7% industry analysts had expected to see.
Advanced Micro Devices has lowered its third-quarter sales guidance, citing weaker-than-expected demand for laptops in North America and Europe. The news comes after another chip maker, Intel, cut its third-quarter forecast last month.
Intel cut its guidance for third-quarter revenues, citing weak consumer PC demand. The news signals underlying trends in technology that could be a drag on companies beyond Intel. Keep an eye on companies like Microsoft, HP, Dell and AMD.
After years of battle, the Federal Trade Commission plans to report details of an antitrust settlement with Intel on Wednesday.
Semiconductor sales worldwide rose more than 50% in the first half of the year, the Semiconductor Industry Association announced Monday, but investors shouldn't assume that implies a slam dunk for the second half.
According to the SEC lawsuit that Dell just settled for $100 million, Dell cooked its books from 2002 to 2006 by using "exclusivity" payments from Intel totaling $4.3 billion to inflate its revenue numbers and otherwise fraudulently meet Wall Street analysts' expectations.

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