Today's Reuters Technology News Headlines - Yahoo! News:
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Cyber-attacks "bought us time" on Iran: U.S. sources
Fri,1 Jun 2012 05:50 PM PDT
Reuters - WASHINGTON (Reuters) - The United States under former President George W. Bush began building a complex cyber-weapon to try to prevent Tehran from completing suspected nuclear weapons work without resorting to risky military strikes against Iranian facilities, current and former U.S. officials familiar with the program said. Barack Obama accelerated the efforts after succeeding Bush in 2009, according to the sources who spoke on condition of anonymity because of the classified nature of the effort. ... Full Story | Top |
Factbox: A look at the $78 billion video games industry
Fri,1 Jun 2012 04:55 PM PDT
Reuters - (Reuters) - About 45,000 reporters, industry types and analysts will converge on Los Angeles for the E3 conference, sprawled across a space the size of eight U.S. football fields. This marquee event for the video game sector, running June 5-7, comes as the industry tries to cope with the rapid growth of online and mobile gaming and prepares for a jump into the next console cycle. Here is a look at the industry and its major players. ... Full Story | Top |
Analysis: Angst at Zynga over tumbling share price
Fri,1 Jun 2012 02:05 PM PDT
Reuters - SAN FRANCISCO (Reuters) - In April, a small circle of top Zynga executives and early investors scored a $500 million-plus payday via a choreographed private share sale. That deal was well-timed. Since then, the online gaming company's stock has shed almost half of its value as investors questioned Zynga's long-term prospects and Facebook Inc's sputtering IPO sapped confidence in the consumer Internet. ... Full Story | Top |
Exclusive: Dell talks with Quest break down: sources
Fri,1 Jun 2012 01:41 PM PDT
Reuters -  (Reuters) - Negotiations for Dell Inc to acquire Quest Software Inc have broken off but lower-level representatives from both companies remain in touch, two sources familiar with the matter said. A previous deal for Dell to buy Quest at a range $23 to $26 per share fell through last month. Dell has been seeking to diversify its business away from personal computer hardware. Talks on the all-cash offer had been tenuous between the two companies, said one of the sources, who did not elaborate on the reason for the break-off. Shares of Quest closed down 5.04 percent at $23.74. ...
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Judge won't bar Steve Jobs quotes from patent trial
Fri,1 Jun 2012 01:35 PM PDT
Reuters - SAN FRANCISCO (Reuters) - Steve Jobs gave a lot of juicy quotes before he died, and Apple Inc has failed to keep some of them out of an upcoming patent trial against Google's Motorola Mobility unit, according to a court ruling. Apple and Motorola are scheduled for a high profile patent trial in a Chicago federal court later this month. It is one of several intellectual property cases between tech giants over smartphones and tablets using Google's Android operating system. Jobs was Apple's iconic and often-outspoken chief executive until he stepped down shortly before his death last year. ... Full Story | Top |
Groupon shares drop as IPO lock-up ends
Fri,1 Jun 2012 12:38 PM PDT
Reuters - SAN FRANCISCO (Reuters) - Groupon Inc slumped on Friday as an initial public offering lock-up on stock sales by insiders of the world's largest daily deal company ended. At one point the stock dropped more than 10 percent, triggering a circuit breaker that paused trading briefly and limited short sales. Groupon sold a small amount of its equity in its IPO late last year. Insiders are typically prevented from selling for six months after an IPO. ... Full Story | Top |
Nasdaq plays tough with clients angry over Facebook
Fri,1 Jun 2012 11:08 AM PDT
Reuters -  NEW YORK (Reuters) - It's crisis communications 101 for Corporate America: when a company bungles an event as big as the Facebook IPO, alienates customers, and spawns lawsuits and regulatory inquiries, the CEO apologizes and agrees to provide compensation to make things right. Everyone can then move on. Not so at Nasdaq OMX Group, where technology glitches and a communications breakdown marred Facebook's $16 billion initial public offering on May 18. ...
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Portfolio managers would buy Facebook stock, at lower price
Fri,1 Jun 2012 10:01 AM PDT
Reuters -  NEW YORK (Reuters) - Facebook Inc's 26 percent slide from its initial offering price may have investors who got in on the ground floor feeling resentful, but some fund managers are eager to see shares dip even further. Technology glitches and a communications breakdown marred Facebook's $16 billion IPO on May 18, leading many observers to believe the initial stock was overvalued, contributing to its free-fall over the past two weeks. Still, the company isn't value-free and at some price, shares represent an opportunity, portfolio managers say. ...
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Chic geeks give San Francisco a new tech groove
Fri,1 Jun 2012 09:41 AM PDT
Reuters -  SAN FRANCISCO (Reuters) - The YouTube video, featuring a young blonde sitting in a strikingly modern San Francisco home, offers a telling insight into the attitudes that are shifting the geography of the Bay Area technology scene. "Who has a party in Palo Alto?" she asks the camera, in a dig at the suburban capital of Silicon Valley that helped make the two-minute comedy, "Shit Silicon Valley Says," a Web hit. For many of the twentysomething engineers and other professionals who play a central role in the latest Internet boom, the question is purely rhetorical. ...
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Cisco sues TiVo over DVRs
Fri,1 Jun 2012 09:21 AM PDT
Reuters - (Reuters) - Cisco Systems Inc has filed a lawsuit to void four TiVo Inc patents related to digital video recorders, escalating a battle over who has the right to profit from sales of the popular machines. In a complaint filed on Wednesday, Cisco said TiVo has resisted granting a broad license to its technology because doing so would impede TiVo's capacity to bring -- and ultimately settle -- lawsuits over its patents, a key source of revenue. Cisco sells DVRs through its Scientific Atlanta division to companies including AT&T Inc, Time Warner Cable Inc and Verizon Communications Inc. ... Full Story | Top |
Microsoft to defer revenue from Windows upgrade offer
Fri,1 Jun 2012 07:09 AM PDT
Reuters - (Reuters) - Microsoft Corp said it will defer the $450 million to $550 million of revenue it expects to generate this quarter from an offer to upgrade to its new Windows 8 operating system. From Saturday, Microsoft is offering customers who buy qualifying Windows 7 PCs the option to download an upgrade to Windows 8 Pro for about $14.99. The company, whose shares were down 1.3 percent in early trading on Friday, said it would recognize the revenue from the offer when consumers actually upgrade or on February 28, when the program expires. "From our perspective it's business as usual. ... Full Story | Top |
Spain awards licenses for online gaming
Fri,1 Jun 2012 05:48 AM PDT
Reuters - LONDON (Reuters) - Spain has awarded online gaming licenses to companies including Bwin.party digital and Sportingbet in a move that will raise tax revenue and removes regulatory uncertainty hanging over operators. As many as 59 firms have applied to operate in the cash-strapped country. Companies will pay tax at the rate of 25 percent of gross gaming revenue, Bwin.party said. Spain has raised around 70 million euros ($87 million) in back taxes in recent weeks from companies who fell foul of decades-old decrees governing gambling. ... Full Story | Top |
Nokia hits back at Google in latest patent war tussle
Fri,1 Jun 2012 04:05 AM PDT
Reuters -  HELSINKI (Reuters) - Nokia struck back at Google on Friday over its accusation that the cellphone maker was colluding with Microsoft to make money out of their patents. "Though we have not yet seen the complaint, Google's suggestion that Nokia and Microsoft are colluding on intellectual property rights is wrong," Nokia spokesman Mark Durrant said on Friday. "Both companies have their own intellectual property rights portfolios and strategies and operate independently. ...
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Facebook's website goes down temporarily
Fri,1 Jun 2012 12:24 AM PDT
Reuters -  (Reuters) - Facebook's website suffered sporadic outages on Thursday, anywhere from half an hour to two hours according to various blogs, tweets and affected users, but the company said the problem has been fixed. "Earlier today, some users briefly experienced issues loading the site. The issues have since been resolved and everyone should now have access to Facebook," company spokesman Michael Kirkland told Reuters. The outages came as Facebook continued to grapple with the fallout of its botched May 18 IPO. ...
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Analysis: RIM's new woes seen speeding loss of BlackBerry users
Thu,31 May 2012 09:06 PM PDT
Reuters -  (Reuters) - Research In Motion's appointment of bankers to advise on drastic options, including an outright sale of the BlackBerry maker, may only hasten moves by major customers to offer their employees smartphones produced by rivals. An increasing number of top companies and government departments that were once devoted to the Blackberry are instead now giving some staff the option of using Apple Inc's iPhone or smartphones running off of Google Inc's Android-operating system. ...
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