Today's Reuters Technology News Headlines - Yahoo! News:
|
|
Lockheed wins contract to run U.S. cyber crime lab
Thu,3 May 2012 04:46 PM PDT
Reuters -  WASHINGTON (Reuters) - Lockheed Martin Corp on Thursday said it had won a contract worth up to $454 million to support the Pentagon's Cyber Crime Center, a government facility that investigates the growing number of attacks on U.S. government networks. Lockheed beat out General Dynamics Corp, which previously ran the center, to win the contract in January, but the award was held up by a protest filed with the General Accountability Office. ...
Full Story | Top |
Judge says Google's Android lost money in 2010
Thu,3 May 2012 04:33 PM PDT
Reuters - SAN FRANCISCO (Reuters) - Google Inc's Android mobile platform resulted in a net loss for the company in every quarter of 2010, despite generating roughly $97.7 million in revenue for the first quarter of that year, a U.S. judge said in court. The discussion on Thursday of the finances of what has become the world's leading mobile operating software in just four years came during a damages hearing in high stakes litigation between Oracle and Google over smartphone technology. ... Full Story | Top |
Factbox: Facebook's IPO: who gets rich?
Thu,3 May 2012 04:10 PM PDT
Reuters - SAN FRANCISCO (Reuters) - The rich are going to get richer when Silicon Valley's biggest IPO starts trading. Facebook is only getting about half -- or $5.6 billion -- of the roughly $10.6 billion it plans to raise via a mega IPO. The other half, or about $4.9 billon, is going to a handful of inside investors -- many Silicon Valley notables. Chief among them are co-founder and Chief Executive Mark Zuckerberg, venture firm Accel Partners, early investor and PayPal co-founder Peter Thiel, Russian tycoon Yuri Milner's DST, and investment bank Goldman Sachs. ... Full Story | Top |
Mexico's Slim will cut phone fees to skip fine
Thu,3 May 2012 04:06 PM PDT
Reuters -  MEXICO CITY (Reuters) - Mexico's competition watchdog has ordered Carlos Slim to cut charges he levies on mobile phone competitors in exchange for dropping a record fine, exacting a small concession from the country's dominant telecoms mogul. Slim's cash cow, mobile giant America Movil, said on Thursday it had agreed with Mexico's Federal Competition Commission (Cofeco) to cut by about 20 percent its interconnection rates, the fees it charges rivals to tap its mobile network. Analysts said the deal was a minor setback to Slim, and shares in America Movil even rose slightly. ...
Full Story | Top |
Facebook plans to raise $10.6 billion in mega IPO
Thu,3 May 2012 04:01 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Facebook Inc aims to raise about $10.6 billion in Silicon Valley's largest IPO, dwarfing the coming-out parties of tech companies like Google Inc and granting the world's largest social network a market value close to Amazon.com's. The eight-year-old social network that began as Mark Zuckerberg's Harvard dorm room project indicated an initial public offering price range of between $28 and $35 a share on Thursday, which would value the company at $77 billion to $96 billion. ...
Full Story | Top |
Dolby signs pact with Microsoft; shares jump
Thu,3 May 2012 03:34 PM PDT
Reuters -  (Reuters) - Audio technology licensor Dolby Labs Inc signed an agreement with Microsoft for the use of its products in the Windows 8 operating system, and posted a second-quarter profit that topped analysts' estimates. Dolby's shares jumped 19 percent to $44.60 in after-market trade. The stock closed at $37.63 on Thursday on the New York Stock Exchange. Microsoft will include Dolby Digital Plus 5.1-channel decoding and two-channel encoding in Windows 8 and original equipment manufacturers (OEMs) will pay a base royalty rate to Dolby for using its products, the company said in a statement. ...
Full Story | Top |
Texas Instruments not giving up on OMAP chip biz
Thu,3 May 2012 02:11 PM PDT
Reuters -  NEW YORK (Reuters) - The chief executive of Texas Instruments told investors that the company's wireless application chip business would be increasingly important for the chip maker, which is currently shuttering another wireless chip business. TI shares were down 2 percent after the CEO's comments. Some analysts are worried about a remaining TI wireless business -- its OMAP application chips -- because it is cost intensive and faces increasingly stiff competition. ...
Full Story | Top |
Facebook IPO price range's midpoint $31.50: source
Thu,3 May 2012 02:00 PM PDT
Reuters - SAN FRANCISCO (Reuters) - Facebook Inc plans to price its initial public offering at a range with a mid-point of $31.50 a share, a source familiar with the IPO told Reuters on Thursday. The source, who declined to be identified because the information has not been publicized, did not elaborate on other details. The world's largest social network is expected to raise as much as $10 billion this month in what would be Silicon Valley's largest-ever market debut. The company had been expected to release an updated IPO prospectus this week. (Editing by Gerald E. McCormick) Full Story | Top |
Third Point: Yahoo CEO faked educational record
Thu,3 May 2012 01:37 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Activist hedge fund Third Point on Thursday accused Yahoo Inc's new chief executive, Scott Thompson, of padding his educational record, and Yahoo called the discrepancy an "inadvertent error." Thompson claims to hold a bachelor's degree in accounting and computer science from Stonehill College near Boston but he "embellished his academic credentials," as the CEO's degree is in accounting only, Third Point's founder and chief executive, Dan Loeb, wrote in a letter to Yahoo's board on Thursday. ...
Full Story | Top |
Judge says Google's Android lost money in 2010
Thu,3 May 2012 01:02 PM PDT
Reuters - SAN FRANCISCO (Reuters) - Google Inc's Android mobile platform resulted in a net loss for the company in every quarter of 2010, despite generating roughly $97.7 million in revenue for the first quarter of that year, a U.S. judge said in court. The discussion on Thursday of the finances of what has become the world's leading mobile operating software in just four years came during a damages hearing in high stakes litigation between Oracle and Google over smartphone technology. ... Full Story | Top |
Amazon's Kindle Fire shipments slump in Q1: IDC
Thu,3 May 2012 12:49 PM PDT
Reuters - SAN FRANCISCO (Reuters) - Amazon.com Inc's Kindle Fire was a popular gift item during the holiday season but shipments of the $199 tablet computer dropped sharply in the following months. Market share of Kindle Fire, which was launched with much fanfare by Amazon in November, fell to about 4 percent in January-March period from 16.8 percent in the fourth quarter, according to research firm IDC. "The tablet market in general has been very seasonal," Bob O'Donnell, IDC's program vice president, said. "At $199 it (Kindle) was much more of an impulse buy during the holidays. ... Full Story | Top |
Broadcasters withdraw "white spaces" challenge
Thu,3 May 2012 12:38 PM PDT
Reuters - WASHINGTON (Reuters) - The National Association of Broadcasters said on Thursday it was dropping its court challenge of rules that allow the unlicensed use of empty airwaves between existing broadcast channels. These airwaves, called "white spaces," allow signals to travel faster, penetrate walls more easily and cover larger geographical areas than the current spectrum used for WiFi. ... Full Story | Top |
Nokia defends strategy to exasperated investors
Thu,3 May 2012 12:08 PM PDT
Reuters -  HELSINKI (Reuters) - Nokia's new chairman Risto Siilasmaa defended its turnaround strategy on Thursday before meeting shareholders who are losing patience with the company's efforts to catch up in the smartphone market. Nokia lost out to Apple Inc and Google Inc in the first wave of smartphone business and is now pinning hopes of a turnaround on Lumia, a new range that uses Microsoft software. ...
Full Story | Top |
Google, authors go head to head over digital books
Thu,3 May 2012 11:55 AM PDT
Reuters -  NEW YORK (Reuters) - Google Inc, in a long-running legal dispute over its plans to create a digital library of books, argued in court on Thursday that associations of authors and photographers should not be allowed to sue the company as a group. Manhattan federal judge Denny Chin did not make an immediate decision, but noted during oral arguments that "it would take forever" to resolve cases brought by individual authors and it "seems to make sense" to consider the lawsuits as a group. ...
Full Story | Top |
SAP hands another jobs boost to Irish tech sector
Thu,3 May 2012 06:05 AM PDT
Reuters - DUBLIN (Reuters) - German business software group SAP AG will hire 250 more people at its Irish operations, the company said on Thursday, in the latest boost to an economy which has one of the worst jobless rates in Europe. Irish unemployment has stayed above 14 percent for almost two years and is forecast to fall to just 11.7 percent by 2015 even though employment rose for the first time in four years in the final quarter of last year. ... Full Story | Top |
| |
|
No comments:
Post a Comment