Microsoft’s Earnings From Google Patents, LSI Marked Down: Tech Biz Update
Microsoft Corporation (NASDAQ:MSFT) should earn around $94 billion in revenues through the year 2017 off its XBox game console and Surface tablet which utilize Google’s (NASDAQ:GOOG) patented wireless tech, said Michael Dansky, a Google expert witness on Tuesday in a Seattle federal court. The $94 billion figure that was cited includes a wireless adapter which Microsoft no longer sells and it was unclear from just how far back Dansky was calculating revenues. The company did not comment on the arithmetic.
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Trends for the hard-disk drive market which employs LSI Corporation (NYSE:LSI) controller chips should be “weak exiting the year from below seasonal PC demand,” says semiconductor analyst Steven Chin at UBS, noting that the firm might be impacted by the gains of its rival Marvell Technology Group (NASDAQ:MRVL) through its customer Seagate Technology (NASDAQ:STX). Chin reiterated a Neutral on LSI and reduced the price target by 50 cents to $7. Further, he cut his 2013 earnings estimate from 37 cents to 31, far under the consensus of 67 cents, on revenue of $2.48 billion, 6 percent lower than previously anticipated, but only a bit below consensus of $2.49 billion.
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