Daily World News

The success of smartphones and tablet computers bothers the PC market. Intel also suffers. In the third quarter broke at the world's largest chip manufacturer sales and profits.

The weak PC market has the world's largest chip maker Intel brings significant losses in revenue and profits. The revenue fell in the third quarter year on year by 5.4 percent to $ 13.46 billion. The profit shrank in the third quarter by 14.3 percent to $ 2.97 billion, as the company after U.S. market close announced on Tuesday.

Intel CEO Paul Otellini said the results with a difficult economic environment, a reluctance to buy before the launch of Windows 8, and the popularity of smartphones and tablet computers. He also spoke of progress at Intel in business with light Ultrabook laptops and mobile phones.
Subdued forecast

Classic chip manufacturers such as Intel and the much smaller rival AMD is doing the slump in the PC market to create. Sales of notebooks and desktop computers fell in the last quarter by more than eight percent. The Ultrabooks have not brought the expected gains.

At the same time business is booming smartphones and tablets, where its processors are hardly used. The sector hopes for the launch of Microsoft's new operating system Windows 8 in late October. Then should also more tablets with Intel chips on the market. Intel is also making a new attempt to accommodate its processors in smartphones.

The forecast for the current fourth quarter was muted, despite the Windows-8-hopes. Intel expects $ 13.6 billion in sales - basically to the prior quarter - with a range of $ 500 million, more or less. Production is to be trimmed, which will have a write-down of approximately $ 500 million to follow, said Chief Financial Officer Stacy Smith. Intel's share price fell after trading more than three percent.

Last quarter, sales of the PC-chip division fell at Intel almost in line with the market trend by 8.3 percent to $ 8.63 billion. Net operating profit fell 16.9 percent to $ 3.34 billion. In business with processors for data centers, there was a slight increase at an almost unchanged operating profit.

The presence of Google's Nexus 7 tablet processor manufacturer Nvidia make a big profit.

Nexus 7 tablets, a product of Google's collaboration with Asus, using three artificial Nvidia Tegra processor.

According to the sources of supply companies, as quoted by Digitimes, the processor is priced 25 dollars per unit. If Google and Asus produces 3 million units of the Nexus 7, Nvidia reap a profit of 75 million U.S. dollars.

Google plans to send three to four million units by the end of 2012 Nexus 7.

This is just the smallest profit forecast from Nvidia Nexus 7. According to sources, the biggest advantage is predicted to reach 19 million U.S. dollars.

Nvidia Tegra 3 also produced for smartphone devices. Android smartphone products that have been used, among others, the Samsung Galaxy S III, HTC and LG Optimus One X 4X HD.

Tegra 3 is a quad core processor with a speed of 1.4 GHz, which is built with the ARM Cortex A-9.

In business processor for mobile devices, Nvidia competing with Qualcomm, which also produces a quad-core Snapdragon S4.

Unfortunately, current Qualcomm Snapdragon S4 are low in stock. They have given warning to the partners who use the Snapdragon processor S4.

It is used by Nvidia, Tegra 3 in which sales for smartphones and tablets increased in the second quarter of this year.

The Bank of England criticized New York financial regulators Wednesday for unilaterally accusing Standard Chartered of illegally laundering oil money for Iran, while the chief executive of the embattled London bank denied claims of systematic sanctions-busting.

On Monday, the New York State Department of Financial Services accused Standard Chartered of laundering $250 billion of Iranian oil money over a decade in defiance of an American order prohibiting such transactions. The bank admits violations totaling $14 million.

Responding to questions at a news conference, Bank of England Governor Mervyn King contrasted the Standard Chartered case with the way in which U.S. and British agencies dealt with their investigation of Barclays’ manipulation of the London interbank offered rate (LIBOR), a key interest rate index.

“In the LIBOR one, all the regulators involved, whether it be in the United States or in England, produced coordinated publication of reports which came out after the investigation was completed and they had made their judgments,” King said.

“That’s very different from what’s happened in the Standard Chartered case where one regulator, but not the others, has gone public while the investigation is still going on.”

King said he did not believe that U.S. authorities were singling out British banks for attention. “Clearly if there has been wrongdoing, then action should certainly be taken.”

The New York Statement Department of Financial Services came into being in October last year, replacing the previous regulator, the Banking Department.