Uh oh

23 July 2013 By Robert Cyran Follow @rob_cyran

Microsoft, Intel, and Google all reported disappointing quarters. The shift from PCs to portable devices is the root cause. While all of these firms face problems from the shift, Microsoft – which has lost $30 bln of market cap in under a week – is in the most parlous position.

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On July 22, Google confirmed it had bought a 6 percent stake in Taiwanese display maker Himax Technologies. Google has the option to raise the stake to 15 percent within a year. Himax will use the funds raised to produce “liquid crystal on silicon” chips and modules. These devices are used in wearable technology, such as Google Glass.
Microsoft and Google both reported weaker than expected operating results for the second quarter of 2013. Microsoft blamed declining PC sales and poor sales of its Surface tablet. Google said that while the number of paid clicks continues to rise strongly, the price paid per click fell 6 percent due to the growth of mobile usage over desktop.
Intel, meanwhile, cut its revenue forecast for the year and said it will reduce capital expenditure. The company cited falling PC sales.

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