The cash is there, but the product cabinet is bare. Silicon Valley companies may fall back on mergers to stay ahead in the race for innovation.

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These new chips are simpler than today’s semiconducting transistors, can store information even in the absence of an electrical current and can be used for both data processing and storage applications.

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As consumers are spending more of their leisure time online, Q4 income was up 13.8% in the last fiscal.

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