Today's Reuters Technology News Headlines - Yahoo! News:
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Zynga prices IPO at top end of range: IFR
Thu,15 Dec 2011 06:02 PM PST
Reuters -  (Reuters) - Online games maker Zynga Inc is expected to make a strong debut on the Nasdaq stock exchange on Friday, after it priced its initial public offering at the top end of a preliminary range but did not increase the size of the $1 billion deal. Analysts and investors had expected Zynga to raise the price or boost the number of shares it was selling, since demand had seemed strong in recent weeks. ...
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Tests show LightSquared still disrupts GPS
Thu,15 Dec 2011 05:28 PM PST
Reuters - WASHINGTON (Reuters) - LightSquared's prospects for getting its wireless network off the ground were dealt another blow this week as U.S. government tests found that the signal of the telecom startup would cause "harmful interference" to a majority of GPS devices. Preliminary analysis of testing of the company's planned network conducted last month showed the wireless network would not interfere with cell phones but would cause "harmful interference to the majority of other tested general purpose GPS receivers," the U.S. ... Full Story | Top |
Salesforce.com enters HR software business
Thu,15 Dec 2011 04:58 PM PST
Reuters -  BOSTON (Reuters) - Salesforce.com Inc is entering the business of selling human resources software in a move that raises the stakes in its battle to woo customers away from bigger rivals SAP AG and Oracle Corp.. The provider of web-based software for managing sales, customer service and marketing said on Thursday that it has agreed to buy Rypple, a closely held company with 350 customers including social networking giant Facebook. Salesforce said it expects the deal to close in the quarter ending April 30, 2012, and that it won't have a material impact on revenue in the coming fiscal year. ...
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Accenture sounds caution as economy sputters
Thu,15 Dec 2011 04:14 PM PST
Reuters - (Reuters) - Accenture Plc posted strong quarterly results but the technology outsourcing and consulting company's cautious view of the second quarter amid the worsening global economy sent its shares down after market. For the second quarter, the company forecast revenue of $6.5-$6.8 billion, a wider-than-usual range, to factor in any delays at the end of the calendar year, especially in the Euro zone. The global economic crisis is escalating, with a worsening euro-zone debt crisis and sluggish U.S. growth. ... Full Story | Top |
Adobe results beat Street view, shares rise
Thu,15 Dec 2011 04:02 PM PST
Reuters - (Reuters) - Software maker Adobe Systems Inc, the maker of Photoshop and Acrobat software, released quarterly results that beat Wall Street projections, sending its shares up 3 percent. The positive surprise came a month after the company announced plans to lay off 7 percent of its staff as it cut back on investment in some products and halted development of its Flash Player for mobile browsers, surrendering in a long-running war with Apple Inc over emerging Web standards. The company said digital media and digital marketing, its core businesses, performed strongly in the quarter. ... Full Story | Top |
Zynga prices shares at $10, top end of range: IFR
Thu,15 Dec 2011 02:38 PM PST
Reuters - (Reuters) - Zynga Inc priced its shares at the top end of its expected range at $10 per share on Thursday, a source close to the process told the International Finance Review. The company, which is the top publisher of games on Facebook such as "FarmVille" and "CityVille", sold 100 million shares raising $1 billion, the source told IFR on Thursday. At $1 billion, Zynga's IPO would be the largest from a U.S. Internet company since Google Inc raised $1.7 billion in 2004. Based on a fully diluted share count of 890 million shares, the IPO values Zynga at $8.9 billion. ...
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Amazon selling over 1 million Kindles a week
Thu,15 Dec 2011 11:17 AM PST
Reuters -  (Reuters) - Amazon.com Inc said on Thursday it is selling more than one million Kindle devices a week, an unusual disclosure from the largest Internet retailer that comes in the wake of some negative reviews of its new Kindle Fire tablet. Amazon said customers are buying "well over" one million Kindles per week. This level of sales has occurred for three straight weeks, it added in a statement. The sales numbers include the Kindle Fire tablet and all the versions of the Kindle e-reader. The company did not break out sales numbers for the Fire tablet alone. ...
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Analysis: Can Zynga break free from Facebook?
Thu,15 Dec 2011 10:00 AM PST
Reuters -  NEW YORK (Reuters) - "We generate substantially all of our revenue and players through the Facebook platform and expect to continue to do so for the foreseeable future," Zynga wrote in its IPO prospectus. Technically, the admission is called a risk factor. But since Zynga, the wildly popular maker of mobile and social games such as "Mafia Wars" and "FarmVille," generates about 95 percent of its revenue through Facebook, the worry for investors is that its relationship with Mark Zuckerberg's social network is less a risk factor than a business model. ...
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Glam Media moves closer to IPO, filing seen in Q2
Thu,15 Dec 2011 08:22 AM PST
Reuters - SAN FRANCISCO (Reuters) - Glam Media, the women's lifestyle online publishing and advertising company, is close to selecting bankers to lead an initial stock offering slated for 2012, according to people familiar with the matter. Investment banks Goldman Sachs and Morgan Stanley are in the running to lead Glam Media's IPO, the people said, following a selection process that involved presentations from roughly a dozen firms. ... Full Story | Top |
France gets four bids in 4G auction
Thu,15 Dec 2011 04:32 AM PST
Reuters - PARIS (Reuters) - France's telecoms regulator has received bids from all of the country's major operators for a second batch of higher-quality fourth-generation mobile licenses and will choose winners in the coming weeks. ARCEP said in a statement on Thursday that France Telecom, SFR, Bouygues and Iliad had submitted offers but did not disclose how much each company had bid. The French government aims to raise at least 1.8 billion euros ($2. ... Full Story | Top |
Sony eyes Vita push, feels Fitch heat
Thu,15 Dec 2011 03:20 AM PST
Reuters -  TOKYO (Reuters) - Sony Corp, set to report a $1 billion loss this year, is banking on a big slate of new software to drive sales of its new PlayStation Vita handheld games device, even as Fitch downgraded the Japanese electronics giant to a notch above junk. Welshman Andrew House, who took the top job at Sony Computer Entertainment in September, must plot a much-needed success story for the Vita, negotiating a minefield of consumer gloom and competition from smartphones and tablet PCs such as Apple Inc's iPhone and iPad. ...
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Apple to open R&D center in Israel: report
Thu,15 Dec 2011 01:19 AM PST
Reuters -  JERUSALEM (Reuters) - Apple will open a research and development center in Israel that will focus on semiconductors, the Globes business daily reported on Thursday. The Israeli newspaper said the maker of iPods, IPads and iPhones has already hired Israeli high-tech veteran Aharon Aharon to run the center. Apple was not available for comment. Globes said that although Apple was a global innovation leader, it is a small investor in R&D. It invested $2.4 billion in R&D in 2010, just 2 percent of its revenue and less than other high-tech firms, it said. ...
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Sony stands by PS3 sales target for 2011/12
Wed,14 Dec 2011 11:45 PM PST
Reuters -  TOKYO (Reuters) - Sony Corp said it was keeping to its target to sell 15 million PlayStation 3 game machines in the year to end-March, even as a long-running debt crisis grips Europe, one of the Japanese electronics group's most important markets. Welsh-born Andrew House, who took over as head of Sony Computer Entertainment, the group's video games business, less than four months ago, told reporters on Thursday that PS3 sales were, if anything, slightly ahead of target. ...
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Olympus president: reinstating Woodford is an option
Wed,14 Dec 2011 08:49 PM PST
Reuters - TOKYO (Reuters) - Olympus Corp President Shuichi Takayama said on Thursday that reinstating sacked CEO Michael Woodford will be among the options in a review of the scandal-hit medical equipment and camera maker's management structure. Woodford, who after his firing two months ago blew the whistle on questionable acquisition deals at the centre of the company's $1.7 billion accounting scandal, is in Japan this week as he wages a campaign to replace the company's directors. (Reporting by Nathan Layne and Yoko Kubota; Editing by Chris Gallagher) Full Story | Top |
Olympus aims for extraordinary shareholders' meeting March-April
Wed,14 Dec 2011 08:49 PM PST
Reuters - TOKYO (Reuters) - Disgraced Olympus Corp said on Thursday it aims to hold an extraordinary shareholders' meeting in March or April, as its scandal-tainted board faces pressure to step aside for the selection of new management to lead the 92-year-old firm. The camera and medical equipment maker, struggling to recover from a $1.7 billion accounting scandal, on Wednesday released restated accounts for the past five years and announced first-half results just in time to avoid an automatic delisting of its shares. (Reporting by Nobuhiro Kubo; Writing by Edmund Klamann; Editing by Edwina Gibbs) Full Story | Top |
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