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Press Releases

PC Connection posts 1Q profit

MERRIMACK, N.H. _ PC Connection Inc. on Thursday reported first-quarter net income of $9.1 million. PC Connection shares have climbed almost 10 percent since the beginning of the year. Keywords: PC Connection, Earnings Report.

Source: The Associated Press

UPDATE 2-SanDisk revenue rises as demand grows for solid-state drives

*Q1 rev $1.37 bln vs est. EPS 82 cents vs est. "What is encouraging is that client SSD is doing well while the PC market is not doing very well," said Sterne Agee CRT analyst Douglas Freedman.

Source: Reuters

Mobile game revenue to pass console, PC for first time

Mobile gaming revenues are expected to outstrip the money generated by console and PC games in 2016 for the first time, a new report shows.


UPDATE 1-Intel and Microsoft face different challenges in shifts to cloud

SAN FRANCISCO, April 21- Financial results from Microsoft Corp and Intel Corp this week brought into sharp relief the challenges the onetime PC partners face as they shift more of their emphasis to cloud computing. Microsoft's market capitalization of around $440 billion is almost three times Intel's at $151 billion, compared to about double five years ago.

Source: Reuters

As Microsoft soars on cloud, PC partner Intel seeks lift off

SAN FRANCISCO, April 21- Microsoft Corp and Intel Corp's financial results this week brought into sharp relief the onetime PC partners' attempts to gear up for cloud computing, where Microsoft is soaring and Intel has not quite taken off. Microsoft's market capitalization of around $439.68 billion is almost three times Intel's at $150.96 billion, compared to...

Source: Reuters

Microsoft reports weak results despite turnaround effort

SAN FRANCISCO— Microsoft reported a surprise drop in sales and profit for the first three months of the year, a sign the tech giant is still trying to find its way in the post-PC era. But many analysts were expecting Microsoft to do better. While sales of personal computers have been sliding for the past four years, Nadella has been working to make Microsoft less...

Source: The Associated Press

Cramer's Stop Trading: Lexmark buyout 'bad for HPQ'

CNBC's Jim Cramer explains why he is watching the PC market, and Lexmark International.


Chips are down for Intel

PC sales are off to another bad start this year with shipments down nearly 10-percent. Arik Hesseldahl, Re/code senior editor, discusses whether Intel can turn around PC sales.


'Intel layoffs are long overdue'

Intel's announced job cuts are are a good first step given the tough PC market, says Betsy Van Hees, senior vice president of equity research at Wedbush Securities.


Intel facing new reality in PC decline: Analyst

Intel's jobs cuts are an acknowledgement the core PC business is not holding up, says Bernstein Research's senior analyst for U.S. semiconductors, Stacy Rasgon.