The International Trade Commission today ruled that Nvidia (NVDA) has infringed patents help by chip design firm Rambus (RMBS). The court issued an order barring importation of any chip that uses the infringing technology.
Other companies found to have infringed – by including the offending NVDA parts in their products -include [...]
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AeroVironment (AVAV) shares are down sharply today after the company, which makes unmanned aircraft systems, electrical vehicle charging stations and other products, disclosed in a 10-K filing with the SEC that it has been under investigation by the Justice Department since February concerning its billing practices for government contracts.
“We are [...]
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Start-up Sense of Fashion has raised a round of money from the Gemini Israel Funds venture capital fund.
The Tel Aviv, Israel-based company runs an e-commerce site for independent fashion designers to sell and promote their products. It was founded by Daria Shualy and Yael Givon and resembles the do-it-yourself sales site Etsy. The site tries to promote discussion around indie fashion around the world. The blog StartUpMania reported the funding but had no further details. The amount is said to be more than $1 million.
Sense of Fashion’s chief executive is Ori Levy, founder of the start-up Trendum Buzzmetrix which was sold to Nielsen. Levy was the main investor in the company before Gemini invested. Sense of Fashion was founded in 2008 and has four employees.
Companies: Gemini, Sense of Fashion
Article courtesy of VentureBeat » Deals & More
Smart Modular Technologies (SMOD) shares are trading sharply higher after hours on better-than-expected results for its fiscal second quarter ended February 26, and a strong Q3 outlook.
For Q2, the company posted revenue of $160.1 million and non-GAAP EPS of 23 cents; the Street had expected $142.5 million and 14 cents.
For Q3, SMOD sees revenue of $175 million to $185 million and profits of 18-22 cents a share; the Street has been projecting $143.8 million and 8 cents.
“In the second quarter of fiscal 2010 we saw robust demand for our products and services, driven by improvement in the overall economy and an improved DRAM pricing environment,” CEO Iain MacKenzie said in a statement.
In late trading, SMOD is up $1.23, or 17.2%, to $8.39.
Article courtesy of BARRONS.com: Tech Trader Daily
Microchip Technology (MCHP) this afternoon raised its guidance for the fiscal fourth quarter ended March 31. The chip company now sees sales up 8% sequentially; previously, MCHP had forecast growth of 3%-7%. Microchip now expects profits for the quarter of 37 cents GAAP and 42 cents non-GAAP; old guidance was for 34-36 cents GAAP, and 39-41 cents non-GAAP.
MCHP said gross margin should be at the high end of previous guidance, with 59.35% GAAP, and 60.25% non-GAAP.
Microchip said in a statement that “demand for our products continues to be very robust,” with record bookings in the quarter.
“The primary challenge continues to be the tight supply of components for our customers to complete their bill of materials,” the company said. “While Microchip continues to have among the best lead-times in the industry, despite our focus on growing capacity our inventory will be flat to down for the current quarter because of our stronger than expected growth. Therefore we are continuing to add equipment and personnel in our factories to support the further customer demand we are expecting.”
In late trading, MCHP is up 28 cents, or 1%, to $28.12.
Article courtesy of BARRONS.com: Tech Trader Daily