Today's Reuters Technology News Headlines - Yahoo! News:
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Motorola CEO pay package rose to $47 million in 2011
Sat,21 Apr 2012 11:08 AM PDT
Reuters -  NEW YORK (Reuters) - Sanjay Jha, the chief executive to Motorola Mobility, was awarded a total compensation package of about $47 million in 2011, almost four times his 2010 pay, according to a regulatory filing. The cellphone maker, which agreed to be bought by Google Inc for $12.5 billion, said on Friday that the rise was due to the successful splitting of Motorola into two companies last year to form Motorola Mobility and Motorola Solutions. Jha's pay package, including option awards, increased from about $13 million in 2010, the company said in its proxy filing on Friday. ...
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Google execs, director Cameron in space venture
Fri,20 Apr 2012 05:52 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Google executive chairman Eric Schmidt and billionaire co-founder Larry Page have teamed up with "Avatar" director James Cameron and other investors to back an ambitious space exploration and natural resources venture, details of which will be unveiled next week. The fledgling company, called Planetary Resources, will be unveiled at a Tuesday news conference at the Museum of Flight in Seattle, according to a press release issued this week. ...
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Big-data investors look for the next Splunk
Fri,20 Apr 2012 05:10 PM PDT
Reuters - SAN FRANCISCO (Reuters) - Splunk Inc's impressive debut on Nasdaq Thursday, where it doubled its $17 initial public offering price, has investors suddenly paying attention to a sector that has grown in relative obscurity: big data. Essentially a catch-all term, big data refers to the ability to collect and analyze massive amounts of information on almost every dimension of the human experience. Splunk allows companies to analyze data cheaply and simply, compared to the expensive data warehouses and specialized, hard-to-deploy technology they might have needed in the past. ... Full Story | Top |
Apps become key to mobile advertising: report
Fri,20 Apr 2012 12:50 PM PDT
Reuters -  LONDON (Reuters) - Ads within smartphone applications such as the popular puzzle game Angry Birds are turning into a key driver for mobile advertising, as apps become the main distribution method for media on mobile phones, according to a report. In-app spending by advertisers in the United States and western Europe, where there is a high concentration of smartphones owned by affluent consumers, is set to overtake spending on display ads on mobile websites this year, research firm Strategy Analytics says. ...
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SanDisk shares fall as chip glut hurts prices
Fri,20 Apr 2012 07:34 AM PDT
Reuters -  (Reuters) - Flash memory chipmaker SanDisk Corp's shares fell 15 percent on Friday after the company warned that a glut in the memory chip market will hurt prices for the rest of the year. SanDisk shares were down 13 percent at $35.27 on the Nasdaq. They fell to $34.34 earlier in the session. More than 13 million shares changed hands by 1030 ET, double their 10-day moving average volume, making the stock one of the most traded on the exchange. SanDisk projected second-quarter revenue of $950 million to $1.05 billion, below analyst expectations of $1.30 billion. ...
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Microsoft rises as better PC sales boost profit
Fri,20 Apr 2012 07:33 AM PDT
Reuters -  (Reuters) - Shares of Microsoft Corp rose more than 5 percent on Friday after the world's largest software maker reported a quarterly profit that beat Wall Street forecasts on better-than-expected sales of personal computers. The deluge of mobile devices, such as smartphones and tablets, has seen Apple Inc and Google Inc vie for top honors in consumer electronics, leaving Microsoft trying to reinvent itself to compete in a changing landscape. ...
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LightSquared gains breathing space with Inmarsat payment
Fri,20 Apr 2012 06:48 AM PDT
Reuters - LONDON (Reuters) - Inmarsat said it had received an overdue $56.25 million payment from LightSquared, the U.S. group attempting to build a mobile network using the British satellite firm's spectrum, and in return it would suspend further payments until 2014. The agreement gives LightSquared, which is backed by Philip Falcone's Harbinger Capital Partners, breathing space to gain regulatory clearance for the network, Inmarsat said in a statement on Friday. LightSquared's plans were derailed when the U.S. ... Full Story | Top |
Sensient Technologies 1st-quarter beats market expectations
Fri,20 Apr 2012 05:54 AM PDT
Reuters - (Reuters) - Sensient Technologies Corp, a maker of flavors, aromas and colors, posted first-quarter results that beat estimates, helped by growth across its segments. The company -- which has two main segments, the Flavors & Fragrances Group and the Color Group -- makes flavors, fragrances, inks and colors that are added to food, beverages, pharmaceuticals and cosmetics products. Sensient Technologies said operating earnings growth for its Colors Group was driven by strength in its North American food color and inks businesses. The company forecast 2012 earnings of $2.50 per share to $2. ... Full Story | Top |
Apple announces 500 new jobs in Ireland
Fri,20 Apr 2012 05:22 AM PDT
Reuters -  DUBLIN (Reuters) - Apple is to hire 500 people in Ireland in the latest boost to the indebted euro zone country's multinational sector, one of the few bright spots in a struggling economy. The consumer electronics giant will increase the headcount at its European headquarters in the southern city of Cork over the next 18 months from 2,800 at present, a spokesman for the company said. He said the jobs would "support our growing business across Europe," but he did not say what kind of jobs would be created. ...
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Grateful Dead plan new "Epic Tour": in videogame
Fri,20 Apr 2012 05:01 AM PDT
Reuters -  LOS ANGELES (Reuters) - For 30 years the Grateful Dead recorded music and toured the world with their unique blend of rock, folk and psychedelic songs, gathering an army of followers known as Deadheads. Over those three decades, the music never stopped until Jerry Garcia, the band's lead guitarist and composer of hits such as "Truckin'" and "Casey Jones," died of a heart attack in 1995. While members of the band continue to be active, Garcia's death meant the end of the Dead for many of its followers. ...
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Nokia loses IPCom patent case in German court
Fri,20 Apr 2012 04:36 AM PDT
Reuters -  HELSINKI (Reuters) - Nokia lost a court case on Friday after a regional court in Mannheim, Germany, found the Finnish mobile phone company had violated patents belonging to German patent firm IPCom. Nokia spokesman Mark Durrant said the ruling affected phones that were no longer being sold. "We respectfully disagree with this decision, but almost all of these phones predated the grant of the patent in February 2011 and our products today use different methods. ...
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China Mobile says Q1 up 3.5 percent, meets forecasts
Fri,20 Apr 2012 03:35 AM PDT
Reuters - HONG KONG (Reuters) - China Mobile Ltd, the world's biggest wireless carrier by subscribers, reported a 3.5 percent rise in first-quarter net profit as an increase mobile data use helped offset the impact of handset subsidies and declining voice revenue. The carrier posted a net profit of 27.8 billion yuan ($4.4 billion) for the January-March quarter in a statement on the Hong Kong stock exchange on Friday. That was roughly in line an average forecast of 28.2 billion yuan from three analysts polled by Thomson Reuters and up from 26.9 billion yuan a year earlier. ... Full Story | Top |
China Mobile goes 4G in Hong Kong; Q1 profit up
Fri,20 Apr 2012 03:35 AM PDT
Reuters - HONG KONG (Reuters) - China Mobile posted a 3.5 percent rise in quarterly profit and marked its entry into 4G wireless technology on Friday, launching services in Hong Kong as it aims to boost data revenue and eventually clinch a deal to offer Apple's iPhone. The world's biggest carrier by subscribers is also testing the high-speed 4G technology at base stations in mainland China, where it hopes to start services commercially in as early as two years and attract smartphone users who stream videos and play games like "Angry Birds" and "Fruit Ninja". ... Full Story | Top |
Verizon eyes Microsoft push, Windows phones for holidays
Thu,19 Apr 2012 05:24 PM PDT
Reuters -  NEW YORK (Reuters) - Verizon Wireless plans to put its marketing weight behind Microsoft Corp's next mobile phone software to help develop a strong competitor to Apple Inc and Google Inc, according to the chief financial officer of Verizon Communications. Verizon Wireless, a venture of Verizon and Vodafone Group Plc, already sells the Apple iPhone and many devices based on Google's Android software. But Verizon's CFO Fran Shammo said the company wants a third strong software competitor in the mobile market where operators pay hefty subsidies for smartphones like the iPhone. ...
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Chipmaker AMD's results point to better PC market
Thu,19 Apr 2012 04:01 PM PDT
Reuters - SAN FRANCISCO (Reuters) - Chipmaker Advanced Micro Devices forecast revenue above expectations in another sign that PC demand is holding up better than anticipated. Shaky economies in Europe and the unsteady recovery in the United States, a growing consumer preference for tablets, and a recent shortage of hard drives due to flooding in Thailand last year have taken a toll on the PC industry. "There was a decent Q1 number and decent Q2 guidance, and that's indicative of a rebound in PC builds as hard drives become more available," said MKM Partners analyst Daniel Berenbaum. ... Full Story | Top |
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