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How gadgets, chips, services companies are faring

Published on NewsOK Modified: July 18, 2013 at 4:49 pm •  Published: July 18, 2013
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— July 17: Intel Corp., the world's largest maker of chips for PCs, backtracks on sales projections. After saying it expected its own sales to grow despite declines on global PC sales, Intel now says sales will be flat. Intel is hoping that sales of chips for servers, tablets and smartphones will compensate for the drop-off in PC sales. The downward revision of the company's outlook is an admission that Intel chips haven't made it into many mobile devices.

IBM Corp. says net income in the latest quarter fell 17 percent as revenue slipped and it absorbed the cost of layoffs. IBM raises its annual profit outlook. It now expects to earn an adjusted $16.90 per share for the full year, above the $16.66 analysts expected.

— July 18: Microsoft Corp.'s foray into the tablet computer market is proving costly, as world's largest software company books a $900 million write-down to account for the deep price cut it applied to its Surface RT tablet earlier in the week. It was a move to spur sales amid sluggish demand.

Cellphone maker Nokia Corp.'s woes continue with revenues dropping 24 percent in the second quarter. Still, cost-cutting helped the Finnish company's trim its net loss to 227 million euros ($298 million), compared with a net loss of 1.41 billion euros a year earlier.

Chipmaker Advanced Micro Devices Inc. posts a loss for the second quarter, reversing a year-ago profit, as lower expenses could not make up for declining revenue in the midst of a worldwide PC slump.

Dell Inc. delays a vote on founder Michael Dell's plan to take the slumping computer maker private in a sign the board needs more time to find rally support.

Coming up:

— July 22: Texas Instruments Inc.

— July 23: Apple Inc.

— July 24: Qualcomm Inc.

— July 26: Samsung (full report)

— Aug. 1: Sony Corp.

— Aug. 20: Dell Inc.

— Aug. 21: Hewlett-Packard Co.

— Sept. 27: BlackBerry Ltd.