Intel Corp has reached a settlement with WiLAN Inc over lawsuits alleging the chipmaker infringed on a string of wireless and Internet patents, sending WiLAN's shares surging.
Technology licensing company WiLAN Inc said on Friday that chipmaker Intel had agreed to pay it to use patented technology, ending all litigation between the two companies.
Fears about Intel Corp's absence in tablets and smartphones are overshadowing the chipmaker's strong earnings and reinforcing the impression that the company no longer sets the direction of the tech industry.
Stocks rose modestly, boosted by strong corporate earnings from J.P. Morgan (NYSE: JPM) and Intel Corp. (Nasdaq: INTC), allowing the S&P 500 index to score its seventh consecutive week of gains.
Steve Ballmer mentioned it and Paul Otellini now addresses it: Windows OS without x86 and Intel.
Intel Corp doesn't look like the market bellwether it once was.
Intel Corp's strong quarterly report failed to lift its shares on Friday, as some investors, remembering the company's reversal of a bullish outlook a year ago, questioned its forecast.
Optimism about corporate earnings, bolstered by JPMorgan, lifted U.S. stocks on Friday and set the S&P 500 on the path for seven straight weeks of gains.
U.S. stocks were little changed on Friday following a mixed reaction to earnings from JPMorgan and Intel and a modest rise in retail sales, but the S&P remained on track to notch a seventh straight week of gains.
Shares in semiconductor companies jumped on Friday in Europe and Japan after strong earnings report from sector bellwether Intel, the world's largest chipmaker, defied a slowdown in PC sales.
US futures are set to open lower on Friday after a disappointing jobless claims data, which could weigh on sentiment.
U.S. stock index futures pointed to a flat to lower open on Wall Street on Friday, with futures for the S&P 500 down 0.2 percent, Dow Jones futures down 0.02 percent and Nasdaq 100 futures up 0.04 percent at 5:11 a.m. ET.
Intel Corp is positive about growth in PC sales in emerging Asia, particularly in China and India, a top executive said on Friday, a day after the chip heavyweight posted market-beating revenue and margins for the fourth quarter.
Taiwan stocks opened up 0.11 percent on Friday, with semiconductors trading flat even though Intel Corp
Hong Kong stocks are set to ease on Friday morning as investors take profits after three days of strong gains, and shares of materials-related companies could decline due to falling commodity prices.
Intel Corp posted better-than expected revenue and margins for the fourth quarter and gave a rosy outlook for early 2011, defying worries about the chipmaker's minor role in the booming smartphone and tablet computer market.
Intel Corp beat Wall Street's fourth-quarter profit and sales estimates, and forecast higher-than-expected revenue in the current quarter.
Intel Corp's revenue and margin forecasts beat expectations on healthy technology spending, defying worries about the chipmaker's minor role in the booming smartphone and tablet market.
Intel Corp posted an 8 percent increase in fourth-quarter revenue and forecast revenue of $11.1 billion to $11.9 billion in the first three months of 2011, riding an upswing in corporate technology spending.
Stocks edged lower on Thursday, hurt by a slide in drugmaker Merck and as falling commodities prices hit shares of natural resource companies.
Intel Corp cheered investors with a strong quarterly revenue forecast and better-than-expected fourth-quarter earnings as sales to corporations grew.
The Dow industrials fell on Thursday, hurt by a slide in Merck shares, but the market was near 28-month highs as investors saw stocks' upward trend continuing despite disappointing jobless claims data.
