...Broadcom is aggressively expanding into the cell phone market where it competes with other players such as Qualcomm. But analyst Betsy Van Hees of Caris & Co. also pointed to broader industry concerns, saying, "...we think Broadcom will experience a challenging near-term macro environment impacting earnings and revenue growth."

Seiko Epson Corp will exhibit a high resolution 3D LCD at FPD International 2008

An industry-wide consortium of leading lighting experts will build on successes of OLLA research initiative in Europe.

Evergreen said in its lawsuit filed late Monday that Barclays has refused to turn over about 12 million company shares and that Lehman had no right to sell its stock to the British bank. Evergreen's lawsuit, filed in US Bankruptcy Court for the Southern District of New York, seeks a temporary injunction for Barclays not to sell the shares, and ultimately return them. It is also seeking unspecified damages from Lehman and Barclays.

Shares in Norwegian solar industry group Renewable Energy Corporation (REC) plunged more than 12% after it reported a smaller rise than expected in core earnings for the third quarter and said turmoil would hit demand in the short and medium term. But the group, one of the world's biggest producers of solar-grade silicon and wafers for solar energy systems, said its long-term market demand remained strong.

Unlisted Dutch chip maker NXP expects a sequential sales drop of 8-14%in the fourth quarter as economies slow and consumer confidence declines. "The financial crisis and semiconductor market conditions have caused a rapid deterioration of demand towards the end of the third quarter especially in sectors like automotive and consumer," NXP chief executive Frans van Houten said in a statement on Tuesday.

Eastman Kodak said Tuesday that it entered a patent license agreement with Nokia, allowing access to each other's intellectual property portfolio. While specific financial terms were not disclosed, the license agreement is royalty-bearing to Kodak.

Samsung Electronics withdrew its US$5.8 billion offer to acquire SanDisk, saying it no longer believed SanDisk was worth the money it was offering and that SanDisk's refusal to entertain friendly discussions stymied hopes for a deal. In a letter to SanDisk's top executives, Samsung Chief Executive Officer Lee Yoon-woo said SanDisk's third-quarter loss and the subsequent restructuring of its chipmaking deal with Toshiba Corp. "point to a considerable increase in your risk profile and a material deterioration in value."

SanDisk said it is still "open" to a Samsung buyout offer and hinted at more restructuring to come, as the largest supplier of retail flash memory cards reported a third-quarter 2008 net loss of US$155 million on Monday. The loss was significantly worse than the net income of US$85 million reported in the third quarter of 2007. SanDisk and other flash memory chip suppliers have been hit by a steep price decline in flash.

Yahoo is planning to announce major cost cutting measures including layoffs of more than 1000 staff as early as Tuesday (Oct 21) when the company is scheduled to report its quarterly earnings, according to people familiar with the matter.