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Smartphone demand causes chip makers to post improved forecasts, boost share prices — Intel, Texas Instruments and RF Micro Devices are among the semiconductor companies performing better than they’d expected internally. All three companies raised their revenue and profit estimates for the third quarter, triggering upswings in their share prices. Intel’s revision was the biggest, from $8.5 billion in projected revenue to $9 billion, plus or minus $200M.
Microsoft founds and funds the CodePlex Foundation to evangelize open-source projects to commercial-source vendors — Microsoft’s former senior director of platform strategy, Sam Ramji (pictured), is leaving Microsoft for a California startup, plus the interim president’s seat at CodePlex. The foundation’s stated goal, as told to ZDnet, is “aiming to bring open source and commercial software developers together in a place where they can collaborate.”
[Photo: James Duncan Davidson]
Sand Hill Capital co-founder sentenced to eight years in prison for securities fraud — William “Boots” Del Biaggio, convicted in February of securities fraud, has also been ordered to repay more than $67 million of roughly $100 million he obtained through methods including fake documents. Del Biaggio’s story isn’t as over-the-top as Bernie Madoff’s, but he allegedly ran up $4 million in gambling debts and has been ordered into a drug treatment program during his stay at minimum-security Lompoc State Prison.
Companies turn to ChallengePost contests for crowdsourced design — OneRiot, the Twitter-centric search company, has announced a $1,500 prize for “the most compelling data visualization of the realtime Web.” Collecta will give a MacBook Pro to the developer who creates the best plugin, webapp or applications based on its freshly unwrapped result Set API. Both companies hope that someone, somewhere will whip up a better design than they could have created by trying to manage the process themselves.
Wired writer tries to disappear off the grid, gets busted in one month — Evan Ratliff, in conjunction with a feature he wrote about “disappearing in the digital age,” was given a task: Go undiscovered in America for a month. A thousand or so Facebook users joined a group dedicated to finding Ratliff, who criss-crossed the continent. Wired planted clues that turned out to be, for certain types of puzzle-solvers, far too easy. NewsCloud blogger Jeff Reifman caught Ratliff as he headed into a book reading in New Orleans.
Cleantech in China said to be a $500 billion to $1 trillon annual market — The Wall Street Journal reports that a study from the China GreenTech Initiative, a substantial partnership of 80 Western companies and organizations including Cisco, Dell and PricewaterhouseCoopers, “outlines more than 300 clean energy, construction, transport, water and other businesses that might realistically open in China.” The report is carefully described as scenario-spinning rather than a forecast, but China is the world’s fastest-growing consumer of resources.
[Image: The Wall Street Journal]
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