Today's Reuters Technology News Headlines - Yahoo! News:
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Microsoft to buy Yammer for $1.2 billion
Mon,25 Jun 2012 06:39 PM PDT
Reuters -  SEATTLE (Reuters) - Microsoft Corp agreed to buy online social network firm Yammer Inc for $1.2 billion in cash, which will allow the software company to offer a service like Facebook Inc's to corporate customers. Talk of a deal had circulated earlier this month, but the two companies only confirmed an agreement on Monday. Four-year-old Yammer, which has 5 million users of its private, in-company social networks, helps companies' internal communications and collaboration by allowing employees to form groups and interact with each other freely. ...
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Facebook taps COO Sandberg to be first woman on board
Mon,25 Jun 2012 04:35 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Facebook Inc named Chief Operating Officer Sheryl Sandberg a director on Monday, adding the first woman to a board that includes seven men. For years one of the most vocal critics of the gender imbalance in Silicon Valley's executive ranks, Sandberg, 42, joined Facebook in 2008 and played a central role in guiding the social networking company to its $16 billion IPO in May. ...
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U.S. trade panel to revisit initial ruling vs. Apple
Mon,25 Jun 2012 02:41 PM PDT
Reuters - (Reuters) - A U.S. trade panel said on Monday it would revisit an initial ruling that Apple Inc infringed one of four patents asserted by Motorola Mobility, now a Google Inc unit. The smartphone industry has seen dozens of lawsuits on several continents. The legal challenges are a proxy for the larger fight for market share between Apple and companies that make smartphones that use Google Inc's Android software. ITC Judge Thomas Pender had said in a preliminary ruling that Apple infringed on a patent for eliminating noise and other interference during voice and data transmissions. ... Full Story | Top |
RIM swoons on analyst's call for its downsizing
Mon,25 Jun 2012 01:39 PM PDT
Reuters -  TORONTO (Reuters) - Shares of Research In Motion fell more than 7 percent on Monday after a Morgan Stanley analyst said the BlackBerry maker would have to shrink considerably to survive. The transformation would erase much of RIM's earnings power, Morgan Stanley analyst Ehud Gelblum said in a note to investors in which he downgraded RIM to "underweight" from "equal weight." "We believe the fundamental story at RIM is essentially broken," Gelblum said. ...
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GeoEye shares tumble on loss of government contract
Mon,25 Jun 2012 01:22 PM PDT
Reuters - (Reuters) - Shares of GeoEye Inc lost nearly a quarter of their value after a U.S. government agency warned it could cut funding to the satellite imagery provider, potentially cutting off a major source of revenue and making the company a takeover target for bigger rival DigitalGlobe Inc. The U.S. National Geospatial Intelligence Agency (NGA) on Friday said it will not renew the EnhancedView contract with GeoEye for the full year. GeoEye and DigitalGlobe won a combined $7.3 billion contract in 2010 to supply images to U.S. spy and military agencies. ... Full Story | Top |
Exclusive: Dell bids $2.32 billion for Quest Software: source
Mon,25 Jun 2012 11:15 AM PDT
Reuters -  (Reuters) - Quest Software Inc has received an improved bid from Dell Inc to buy the maker of enterprise management software for about $2.32 billion, a source close to the matter said on Monday. Two bidders have recently been competing to buy Quest: a buyout group led by private investment firm Insight Venture Partners, and an undisclosed bidder. On Monday, a source close to the matter told Reuters that the mystery bidder was actually Dell, the No. 2 U.S. PC maker. Quest disclosed on Monday that it had received an improved bid of $27. ...
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Verizon, T-Mobile U.S. agree on spectrum deal
Mon,25 Jun 2012 10:44 AM PDT
Reuters - NEW YORK (Reuters) - Verizon Wireless and Deutsche Telekom's U.S. unit have agreed to a spectrum deal that may clear the way for the U.S. company's plans to buy a chunk of spectrum from cable providers. The agreement, which needs approval by the Federal Communications Commission (FCC) and the Department of Justice, included exchanges of spectrum between the two carriers and a cash payment from T-Mobile USA, the companies said on Monday. They declined to divulge financials of the deal but analysts estimated that T-Mobile USA would pay around $260 million. ... Full Story | Top |
Smile, you're on Yoko Ono's new app
Mon,25 Jun 2012 10:27 AM PDT
Reuters -  TORONTO (Reuters) - In the 1960s Yoko Ono set out to create a film that would include the smiling face of every person in the world. Now, nearly five decades later, the project has come to life as an app. #smilesfilm, a new iPhone app, is the digital manifestation of Ono's long-envisioned project. The app allows people around the world to view and upload snapshots of smiling faces. It is also part of a global piece of her artwork, a changing collection of photos which reflect Ono's original vision of connecting people across the world. ...
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Supreme Court to hear Comcast antitrust appeal
Mon,25 Jun 2012 10:25 AM PDT
Reuters - WASHINGTON (Reuters) - The U.S. Supreme Court agreed to review Comcast Corp's appeal of a ruling that let cable TV subscribers in the Philadelphia area sue as a group over alleged overcharges stemming from an effort to monopolize that market. In a brief order on Monday, the nation's highest court said it will consider whether a trial court may certify a case as a class-action without first determining whether plaintiffs have introduced admissible evidence, including expert testimony, to justify awarding damages to the class as a whole. Comcast, the largest U.S. ... Full Story | Top |
Timeline: Bidding war for Quest Software gets intense
Mon,25 Jun 2012 10:01 AM PDT
Reuters - (Reuters) - Quest Software Inc has become the target of a bidding war between Dell Inc and private investment firm Insight Venture Partners as each tries to gain control of the maker of enterprise management software. March 9 - Quest enters into an agreement with Insight Venture Partners to go private in an all-cash deal worth about $2 billion, or $23 per share. Shares jump 24 percent to close at $24.07. May 9 - Quest says it received multiple alternative proposals during its go-shop period. Shares closes up 10 percent at $25.17. ... Full Story | Top |
Quest Software gets $2.32 billion offer from strategic bidder
Mon,25 Jun 2012 06:34 AM PDT
Reuters - (Reuters) - Quest Software Inc said a strategic bidder has proposed buying the maker of enterprise management software for about $2.32 billion, trumping an earlier offer of nearly $2.17 billion from private investment firm Insight Venture Partners. Quest's shares Monday were trading at $27.65 premarket, above the new offer of $27.50. The company said its board of directors has determined the new proposal is superior to prior offers. Last week, Quest agreed to sell itself to Insight for $25.75 per share, after the private investment firm and new partner Vector Capital raised their bid. ... Full Story | Top |
Developers target Canadian fridges for carbon credits
Mon,25 Jun 2012 03:26 AM PDT
Reuters - SAN FRANCISCO, June 25 (Reuters Point Carbon) - Project developer Blue Source Canada has become the first company to receive carbon credits for destroying emissions of ozone depleting substances in old refrigerators, units the developer hopes will be allowed to be used in Quebec's emerging carbon market. A partnership between industry group Refrigerant Management Canada (RMC) and developer Blue Source Canada has been issued 170,000 credits under the Canadian Standards Association, the companies said Friday. The project could be scaled up to produce 850,000 credits per year. ... Full Story | Top |
Sony, Panasonic to cooperate on OLED televisions
Mon,25 Jun 2012 01:00 AM PDT
Reuters -  TOKYO (Reuters) - Rival Japanese television makers Sony Corp and Panasonic Corp said Monday they will cooperate to make OLED (organic light emitting diode) sets as they battle Korean rivals Samsung Electronics and LG Electronics for pole position in the next-generation TV market. The race to garner a lead in OLED, widely touted as the successor to liquid-crystal displays, will depend on which company is able to mass produce screens at a price that will attract consumers to the new technology. ...
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Samsung sees higher Q2 handset earnings; U.S. supply crunch to ease
Mon,25 Jun 2012 12:44 AM PDT
Reuters -  SEOUL (Reuters) - Samsung Electronics Co expects sales of its new Galaxy S III, launched at the end of last month as a main rival to Apple's iPhone, to top 10 million during July, making it the South Korean group's fastest selling smartphone. It also predicted earnings from its handset division would be higher in the current second quarter than in January-March, countering market concerns that tight supplies of the new Galaxy model and the weak global economy would pressure earnings at Asia's most valuable technology firm. Shares in Samsung dropped 4. ...
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Lenovo shares hit over 4-month low on concern over PC outlook
Mon,25 Jun 2012 12:03 AM PDT
Reuters -  HONG KONG (Reuters) - Shares of Lenovo Group Ltd, the world's No.2 PC maker, fell by more than 6 percent to a more than four-month intraday low on market concern over the outlook for the PC market amid the global economic slowdown. Lenovo's shares fell as much as 6.3 percent to HK$6.26 in afternoon trade, extending earlier losses and hitting the lowest intraday level since February 9. "The huge increase in volume suggests that a major holder is now exiting the stock," said a trader who declined to be identified because he was not authorized to speak to the media. ...
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