In a July 10 story about manufacturing plant closings in Texas, Arizona and Morocco by Swiss chip maker STMicroelectronics NV, The Associated Press reported that the company was cutting 4,000 jobs.
Chip maker Integrated Silicon Solution Inc. said in a filing with the Securities and Exchange Commission Thursday that it dismissed Ernst & Young LLP as its independent registered public accounting firm and hired Grant Thornton in its place.
Semiconductor component maker Applied Micro Circuits Corp. said Thursday it expects first-quarter revenue to fall short of previous expectations partly due to weakness in the telecom market. The company expects first-quarter sales of $50 million, down from previous guidance for $59.6 million.
Comtech Telecommunications Corp. said one of its subsidiaries received $2.8 million in orders from the U.S. Army for satellite tracking equipment. The latest request brings total orders received to $398.7 million under Comtech's movement tracking system contract with the government.
Tripos Inc. said Thursday its shares will be delisted from the Nasdaq on Friday because it does not meet shareholders' equity and market capitalization requirements and has sold off its principal operating unit.
Microsoft Corp. on Thursday extended the warranty on its Xbox 360 to three years after too many of the video game consoles have succumbed to "general hardware failure.
Communications product company Comtech Telecommunications Corp. said Thursday the U.S. Army extended an existing contract and boosted the price ceiling on it by $45 million. The ceiling on the Movement Tracking System contract assigned to the company's Comtech Mobile Datacom Corp.
Tumbleweed Communications Corp., which provides e-mail and messaging security software services, Thursday cut its second-quarter guidance below analyst expectations, due to a higher than expected ratio of service contract renewals compared to license orders.
Design and engineering software maker Parametric Technology Corp. said Thursday its fiscal third-quarter profit and sales will fall below earlier expectations, due mainly to weak license revenue.
Microsoft Corp. plans to open a software development center in Canada this fall to attract talent and avoid U.S. immigration issues. The Vancouver, British Columbia location will be one of only a handful development centers outside the company's headquarters in Redmond, Wash.
