OmniVision Technologies ( OVTI), the maker of advanced digital imaging products, said it expects non-GAAP earnings of 21 cents to 37 cents a share for its fiscal second quarter ending in October on revenue of $355 million to $390 million. Analysts are looking for a profit of 33 cents a share in the quarter on revenue of $268.6 million.
Google ( GOOG) CEO Larry Page and Apple ( AAPL) CEO Tim Cook have been conducting behind-the-scenes talks about a range of intellectual property matters, including the mobile patent disputes between the companies, people familiar with the matter told Reuters. The two executives had a phone conversation last week, the sources said, and they are expected to talk again in the coming weeks, though no firm date has been set. One possible scenario under consideration could be a truce involving disputes over basic features and functions in Google's Android mobile software, one source said. The Digital Skeptic: Pockets of Value in an Grim Google, HP, Sprint
Zumiez ( ZUMZ), the specialty retailer, provided weak guidance for its fiscal third quarter. Zumiez said it expects earnings of 42 cents to 45 cents a share on revenue of $181 million to $185 million for the October-ending quarter, well below the current consensus view for a profit of 56 cents a share on revenue of $183.8 million.
JPMorgan Chase ( JPM), a major player in providing clearing and settlement services to other financial firms, is reviewing its dealings with dozens of brokerages that use the bank to settle trades, according to people familiar with the bank, The Wall Street Journal reported. J.P. Morgan's review, which started more than six months ago amid increased regulations, effectively seeks to assess the profits clients generate for the bank versus risks they pose, the people told the newspaper. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.