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Intel lowers outlook as PC market slows more than expected
2013-07-18 07:58:00| Telecompaper Headlines
(Telecompaper) Intel has lowered its full-year outlook as the PC market slows more than expected. The world's largest chipmaker now expects flat revenues for 2013, after earlier forecasting a small increase, and cut its gross margin forecast to around 59 percent from 60 percent previously. In the second quarter, Intel reported revenues of USD 12.8 billion, up 2 percent on a sequential basis in line with its forecast but down 5 percent from a year earlier. PC Client revenues rose 1.4 percent from Q1, helped by a modest increase in inventory stocking and Haswell-based products, and data centre revenues were up 6.1 percent sequentially. The gross margin improved 2.1 percent compared to the first three months of the year to 56.8 percent. Operating profit fell 29 percent year-on-year to USD 2.7 billion, and net profit was also down 29 percent to USD 2.0 billion or USD 0.39 per share.
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Pork virus: No real impact to prices expected
2013-07-17 07:44:11| Food - Topix.net
Hogs on a finishing farm in Central Arkansas taken earlier this year. The Porcine Epidemic Diarrhea Virus, also known as PED, that has infected swine farms in Arkansas and 13 other states is not expected to have a major impact on hog supplies or pork prices in the coming months, according to several swine experts who spoke with The City Wire this ... (more)
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Snap-on (SNA) Earnings Expected to Rise
2013-07-17 03:23:04| Appliances - Topix.net
Analysts expect higher profit for Snap-on when the company reports its second quarter results on Thursday, July 18, 2013.
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App economy expected to double by 2017 to $151 billion
2013-07-15 23:18:19| InfoWorld: Top News
The combined value of paid apps, app-enabled purchases of goods and services and in-app advertising is expected to double to $151 billion in the U.S. by 2017, AppNation said today. The research shows that the largest segment of the so-called app economy is sales of app-enabled physical goods and services, which made up about $45 billion of the nearly $60 billion total at the start of 2013. By the middle of this year, the $60 billion total reached about $72 billion, which is expected to more than double to $151 billion in 2017.
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Steel Dynamics (STLD) Profit Expected to Slip
2013-07-15 23:12:05| Steel - Topix.net
In spite of an expected dip in profit, most analysts are positive about Steel Dynamics before it reports its second quarter earnings on Wednesday, July 17, 2013.
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