Today's Reuters Technology News Headlines - Yahoo! News:
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THQ misses Street on weak game sales, cuts forecast
Thu,2 Feb 2012 04:31 PM PST
Reuters - Feb 2 - THQ Inc's cut its annual earnings forecast on Thursday and told investors it would become a much smaller video game company with half the volume of sales next year. The lowered forecast comes a day after the company announced 240 layoffs at its various development studios. It also received a warning from Nasdaq this week that its shares may be delisted if it does not boost its stock price over the next six months. The company's shares fell 17 cents, or 22 percent, to 59 cents per share in extended trading on Thursday. ... Full Story | Top |
Exclusive: Hacked companies still not telling investors
Thu,2 Feb 2012 02:46 PM PST
 SAN FRANCISCO (Reuters) - At least a half-dozen major U.S. companies whose computers have been infiltrated by cyber criminals or international spies have not admitted to the incidents despite new guidance from securities regulators urging such disclosures. Top U.S. cybersecurity officials believe corporate hacking is widespread, and the Securities and Exchange Commission issued a lengthy "guidance" document on October 13 outlining how and when publicly traded companies should report hacking incidents and cybersecurity risk. ...
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Advice to new Facebook millionaires: take a breath
Thu,2 Feb 2012 01:37 PM PST
Reuters - (Reuters) - The first thing the 1,000 or so new post-IPO Facebook millionaire employees might need: a reality check. Financial advisers who cater to entrepreneurs and others who find themselves trading Chinese takeout for caviar say new millionaires rarely think rationally early on. "It will probably take three to five years to absorb the full impact," said Susan Bradley, founder of the Sudden Money Institute, a Florida-based organization that coaches the newly wealthy and their advisers. ... Full Story | Top |
Take-Two quarterly revenue falls on NBA video game
Thu,2 Feb 2012 01:35 PM PST
Reuters - (Reuters) - Take-Two Interactive's third-quarter revenue missed Wall Street expectations after the video game maker sold fewer copies of its basketball video game, "NBA 2K12", than expected. Take-Two's revenue fell to $236.3 million compared with $334.3 million a year earlier and were below analysts' expectations of $249.16 million, according to Thomson Reuters I/B/E/S. The company reported net income of $14.1 million, or 16 cents a share compared with $40.86 million, or 45 cents per share a year ago. Adjusted for the deferral of digital revenue, the company's adjusted net income was $28. ... Full Story | Top |
They're not Facebook, but social media stocks run up anyway
Thu,2 Feb 2012 01:30 PM PST
Reuters - NEW YORK (Reuters) - The hype over Facebook's initial public offering has excited investors revisiting other social media companies, even though most of those stocks have plunged since the fanfare of their own IPOs. Trading volume and options activity in stocks like Renren Inc, often called "the Facebook of China" and Quepasa Corp, a social media technology company focused on Latin audiences, have soared since the IPO news of the world's largest social network on Friday. ... Full Story | Top |
Group seeks to save data on Megaupload servers
Thu,2 Feb 2012 01:15 PM PST
Reuters - WASHINGTON (Reuters) - The Electronic Frontier Foundation on Thursday asked federal prosecutors and lawyers for the Megaupload.com file-sharing service to allow users who uploaded material to retrieve it as long as it was not copyrighted material. The group, which advocates for Internet privacy and digital rights, sent a letter on behalf of one user asking "that all concerned work together to make sure innocent users are returned their legal property. ... Full Story | Top |
Precedent warning as Assange extradition case ends
Thu,2 Feb 2012 01:12 PM PST
Reuters -  LONDON (Reuters) - Britain's Supreme Court risks jeopardizing extraditions to many neighboring countries if it stops WikiLeaks founder Julian Assange being sent to Sweden for questioning over sex crimes, a lawyer for Swedish prosecutors argued Thursday. ...
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U.S. shuts 16 sports piracy websites pre-Super Bowl
Thu,2 Feb 2012 01:03 PM PST
Reuters -  (Reuters) - Three days before Super Bowl XLVI, U.S. prosecutors said they seized 16 websites that illegally streamed live sports and pay-per-view events over the Internet, and charged a Michigan man with running nine of those websites. According to the government, the 16 websites provided links to give viewers easy access to other sites that hosted pirated telecasts from the National Football League, National Basketball Association, National Hockey League, World Wrestling Entertainment Inc ("WWE") and TNA Impact Wrestling. The latter is also broadcast on Viacom Inc's Spike TV. ...
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Under the hood: GM blueprint for Volt 2.0
Thu,2 Feb 2012 12:58 PM PST
Reuters -  TROY, Michigan (Reuters) - The Chevrolet Volt stands as the most heavily promoted - and harshly scrutinized - vehicle from General Motors Co in decades. And that's just version 1.0. Amid the debate, one aspect of the Volt has escaped the notice of fans and critics alike: the roadmap for potential upgrades GM left buried deep inside. A bolt-by-bolt, surgical deconstruction of the Volt attended by Reuters without the involvement of GM showed how the plug-in hybrid was designed for relatively quick upgrades such as a longer driving range under electric power. ...
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Groupon basks in Facebook light, for now
Thu,2 Feb 2012 12:00 PM PST
Reuters - SAN FRANCISCO (Reuters) - Groupon Inc shares jumped to their highest level of 2012 Thursday as the daily deal company got a boost from social networking euphoria sparked by Facebook's IPO filing. Facebook filed to raise about $5 billion Wednesday in what would be the largest Internet IPO ever. A possible valuation of $75 billion to $100 billion for the world's largest social networking company encouraged some investors to lift valuation estimates on other companies in the sector, according to Sameet Sinha, an analyst at B. Riley & Co. ... Full Story | Top |
AMD's CEO prepares chipmaker for a fight
Thu,2 Feb 2012 11:55 AM PST
Reuters - SUNNYVALE, California (Reuters) - Advanced Micro Devices' new chief executive delivered an enthusiastic pitch in his debut before Wall Street analysts, saying he was getting the struggling PC chipmaker "fit to fight" in a quick-changing computer industry. At AMD's first analyst day since 2010, Rory Read said the company would leverage its PC chip technology to attack the fast-growing tablet segment as well as emerging markets but stay away from the smartphone market. "We're going to double down on client and mobility ... ... Full Story | Top |
Analysis: Facebook's daunting Asian challenge
Thu,2 Feb 2012 11:11 AM PST
Reuters -  (Reuters) - Facebook aims to connect all two billion Internet users. So far it has captured 845 million of them. Of the rest, nearly 60 percent live in Asia and hooking them is going to be a daunting challenge. A block on access in China, court cases in India and rivalry from other services elsewhere in the region stand between Mark Zuckerberg's Facebook and more than 700 million users. "The size of our user base and our users' level of engagement are critical to our success," Facebook said in its SEC filing for an initial public offering. ...
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Facebook's Zuckerberg to keep iron grip after IPO
Thu,2 Feb 2012 10:29 AM PST
Reuters -  SAN FRANCISCO (Reuters) - Facebook unveiled plans for the biggest ever Internet IPO that could raise as much as $10 billion, but made it clear CEO Mark Zuckerberg will exercise almost complete control over the company, leaving investors with little say. The Harvard dropout, who launched the social networking phenomenon from his dorm room, will control 56.9 percent of the voting shares in a company expected to be valued at up to $100 billion when it goes public. Facebook says it has 845 million active monthly users. ...
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Analysis: Facebook IPO tests easy growth assumptions
Thu,2 Feb 2012 10:14 AM PST
Reuters - SAN FRANCISCO (Reuters) - As Facebook hurtles toward one of the largest initial public offerings in U.S. history, its honeymoon with investors may already be over. The dorm-room project started by Harvard dropout Mark Zuckerberg, 27, could well become one of the world's most highly valued Internet companies when it sells shares to the public for an expected valuation of as high as $100 billion. ... Full Story | Top |
Angelic "Steve Jobs" loves Android in Taiwan TV ad
Thu,2 Feb 2012 08:43 AM PST
Reuters - (Please note strong language in fifth paragraph) TAIPEI (Reuters) - He may have derided Android devices in real life but in the afterlife Apple Inc founder Steve Jobs is glad he can use one -- or at least that's the story a Jobs look-alike tells in a recent TV commercial for a Taiwanese electronics company's new product. In the ad, Taiwanese comedian and impersonator Ah-Ken, dressed in Jobs' trademark black turtle neck sweater and blue jeans and sporting white angel's wings and a halo, extols the virtues of Action Electronics Co. ... Full Story | Top |
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