How chips, PCs, services companies are faring
May 11: Nvidia Corp., which makes graphics chips and processors for PCs, tablets and other devices, reports quarterly results that beat expectations and gives strong revenue guidance for the current quarter.
May 17: Salesforce.com Inc., a maker of Web-based business software, says it lost money in the first quarter, but adjusted profit and revenue beat expectations, and the company raised its forecast for full-year results.
May 22: Dell Inc. says total product revenue fell 5 percent to $11.42 billion in the latest quarter as revenue from mobility products, software, desktop PCs, and storage products all decreased. Sales to consumers took a particularly sharp decline of 12 percent, while sales to the public sector fell 4 percent and revenue from large businesses decreased by 3 percent. Sales to small and medium businesses grew 4 percent.
May 23: Hewlett-Packard Co. announces plans to cut 27,000 workers, or 8 percent of its work force, as the growing popularity of smartphones, the iPad and other mobile devices makes it tougher for the company to sell personal computers. Revenue in the PC division was flat as revenue from consumer products fell 4 percent, offset by a 3 percent increase in revenue from businesses.
Lenovo Group Ltd., the world’s second largest PC maker, says quarterly profit rose 59 percent on record sales. The company reported strong growth in Europe and North America despite economic problems there. For the fiscal year ending in March, global PC shipments rose 35 percent, while market share rose to a new high of 12.9 percent.
June 21: Oracle Corp.
Not yet known: Micron Technology Inc.