Seagate’s Outlook Sluggish Due to Weak PC Shipments and 4 Chip and Big Data Stocks on the Move
Broadcom Corp. (NASDAQ:BRCM) was assigned a patent (8,300,881) that was developed by four co-inventors for a “method and system for watermarking 3D content.” The co-inventors are Xuemin Chen, Rancho Santa Fe, Calif., Samir Hulyalkar, Newtown, Pa., Marcus Kellerman, San Diego, and Ilya Klebanov, Thornhill, Canada, and the abstract of the patent published by the U.S. Patent and Trademark Office states: “A video transmitter identifies regions in pictures in a compressed three-dimensional (3D) video comprising a base view video and an enhancement view video. The identified regions are not referenced by other pictures in the compressed 3D video. The identified regions are watermarked. Pictures such as a high layer picture in the base view video and the enhancement view video are identified for watermarking. The identified regions in the base view and/or enhancement view videos are watermarked and multiplexed into a transport stream for transmission. An intended video receiver extracts the base view video, the enhancement view video and corresponding watermark data from the received transport stream. The corresponding extracted watermark data are synchronized with the extracted base view video and the extracted enhancement view video, respectively, for watermark insertion. The resulting base view and enhancement view videos are decoded into a left view video and a right view video, respectively.”
QUALCOMM Incorporated (NASDAQ:QCOM): Qualcomm Innovation Center, was assigned a patent (8,301,161), which was developed by Xintian Li, Cupertino, Calif., for a “method, device, and system for obtaining a mobile computing device location.” The abstract of the patent published by the U.S. Patent and Trademark Office states: “One embodiment of the present invention comprises a method of determining a mobile computing device location. The method may comprise emitting at least one audio signal from at least one audio signal emitter and determining a sending time of the at least one audio signal. The method further comprises receiving the at least one audio signal at the mobile computing device and determining a receiving time of the at least one audio signal. A difference between the receiving time and the sending time is calculated and this difference is used to determine a distance from the at least one audio signal emitter to the mobile computing device. The distance is then used to obtain a location of the mobile computing device.”
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Rambus Inc. (NASDAQ:RMBS) has requested that the California Court of Appeal revive its $4 billion price-fixing case against Micron Technology Inc. and SK Hynix Inc., claiming that two San Francisco Superior Court judges made a mistake by excluding evidence that its alleged co-conspirators pleaded guilty to federal criminal charges. Furthermore, Rambus has accused Hynix of improperly striking two of the three African-American members of the jury pool, which indicates that part of the reason was Rambus’ lead trial counsel being African-American.
ARM Holdings plc (NASDAQ:ARMH) cash holdings and stock price provides it with the power needed for acquisitions, with CEVA (NASDAQ:CEVA), Cadence Design (NASDAQ:CDNS) and Mentor Graphics (NASDAQ:MENT) all named as, logical targets, reports Bloomberg, citing International Data Corp. and Forward Concepts.
Seagate Technology PLC (NASDAQ:STX) near term outlook appears sluggish as a result of weak PC shipment growth and the rising adoption rate of tablet PCs among consumers. The company’s outlook and its peer Western Digital (NYSE:WDC) for the December quarter did not look positive. Seagate reported that its net income was boosted to $582 million, or an EPS of $1.42 for Q1 compared to $140 million or EPS of $1.40 in the previous year. On a Non-GAAP basis, net income reached $594 million or an EPS of $1.45 compared to $146 million or and EPS of 34 cents during the previous year. Revenues saw an increase to $3.73 billion from $2.81 billion during Q1 last year. Analysts predicted that the company will earn an EPS of $1.67 and revenues of $3.75 billion. The first quarter revenues were lower than its guidance of $4.0 billion, and the company guided Q2 revenues of $3.5 billion, which is lower than the $3.74 billion that analysts predicted.