Today's Reuters Technology News Headlines - Yahoo! News:
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Virus could black out nearly 250,000 PCs
Thu,5 Jul 2012 07:15 PM PDT
Reuters -  BOSTON (Reuters) - About a quarter-million computer users around the world are at risk of losing Internet access on Monday because of malicious software at the heart of a hacking scam that U.S. authorities shut down last November. Some blogs and news reports hyped the risk of an outage, warning of a potential "blackout" and describing the Alureon malware as the "Internet Doomsday" virus. Yet experts said only a tiny fraction of computer users were at risk, and Internet providers would be on call to quickly restore service. ...
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Seagate sees revenue below estimates
Thu,5 Jul 2012 06:34 PM PDT
Reuters - (Reuters) - Electronic storage device maker Seagate Technology Plc said its fourth-quarter revenue is expected to have missed its forecast as a quality issue at a supplier affected production in its enterprise disk drive unit. The company, which competes with Western Digital Corp, said shipments fell by about 1.5 million units to about 66 million for the June quarter, squeezing gross margins. Seagate expects an adjusted gross margin of 33.6 percent. The company now expects to report revenue of $4.5 billion. It had forecast $5 billion. Analysts on average were expecting revenue of $4. ... Full Story | Top |
Samsung's Galaxy powers record $5.9 billion profit
Thu,5 Jul 2012 06:09 PM PDT
Reuters -  SEOUL (Reuters) - Soaraway sales of the Galaxy smartphone drove record quarterly profit of $5.9 billion at Samsung Electronics, though the South Korean tech giant is sweating over how Europe's debt crisis is denting demand in its biggest market for televisions and home appliances. The flagship Galaxy smartphones are likely to have stretched their lead over rivals Apple and Nokia - despite a parts shortage that meant it struggled to keep up with stronger-than-expected demand for its latest S III model. ...
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Samsung's Galaxy powers record $5.9 billion profit; euro a worry
Thu,5 Jul 2012 04:57 PM PDT
Reuters - SEOUL (Reuters) - Soaraway sales of the Galaxy smartphone drove record quarterly profit of $5.9 billion at Samsung Electronics, though the South Korean tech giant is fretting over how Europe's debt crisis is denting demand in its biggest market for televisions and home appliances. In its April-June earnings guidance on Friday, Samsung, valued at $170 billion and the world's leading maker of TVs, smartphones and DRAM memory chips, estimated operating profit jumped 79 percent to 6.7 trillion won from a year ago - in line with an average forecast in a Reuters survey of 23 analysts. ...
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Apple's Jobs tapped France 3615 for pre-internet ideas
Thu,5 Jul 2012 04:41 PM PDT
Reuters -  PARIS (Reuters) - The man who turned Apple into a web-connected empire of consumer gadgets drew some of his inspiration from a table-top box that wired French households to networked information way before the arrival of mass Internet, a French telecoms engineer says. Long before hundreds of millions of homes worldwide began connecting to the Internet in the 1990s, France's Minitel box, the steam train of the online world, attracted the attention of Apple Inc's now deceased founder, Steve Jobs. ...
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Yahoo CEO search down to Levinsohn, Hulu's Kilar
Thu,5 Jul 2012 03:20 PM PDT
Reuters -  NEW YORK (Reuters) - The race to become Yahoo Inc's next chief executive appears to have come down to two candidates: current interim CEO Ross Levinsohn and Hulu CEO Jason Kilar. According to two sources with knowledge of the situation, Levinsohn and Kilar are the last names left on the Yahoo board's shortlist for permanent CEO of the company. Yahoo, the once iconic Internet company, has struggled to find its footing in the new digital world dominated by the likes of Apple, Google, Facebook, and Twitter. ...
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Emulex to pay Broadcom fees in partial settlement
Thu,5 Jul 2012 02:08 PM PDT
Reuters - NEW YORK (Reuters) - Emulex Corp has agreed to pay Broadcom Corp a $58 million license fee in a partial settlement of patent infringement litigation. The companies said on Thursday that the agreement would result in the dismissal of some Broadcom patent infringement claims against Emulex in the U.S. district court in Santa Ana, California. However, litigation regarding some other Broadcom patents was not dismissed as part of the agreement. Under the pact Emulex will receive a license to use three Broadcom patents and related families for fiber channel, a storage networking technology. ... Full Story | Top |
Microsoft stumbles into crucial financial year
Thu,5 Jul 2012 01:39 PM PDT
Reuters -  SEATTLE (Reuters) - An ugly first week for Microsoft Corp's new financial year, probably its most important to date, has done little to inspire confidence that the software giant can jumpstart a stubbornly stagnant share price. The world's largest software company, whose stock remains mired around $30, had prepared a multi-pronged assault to try and break into the crucial mobile computing space this year and take Apple Inc and Google Inc down a peg. But on Monday, it announced a $6. ...
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Netflix shares rise after usage spikes in June
Thu,5 Jul 2012 09:20 AM PDT
Reuters - (Reuters) - Netflix Inc shares rose 12 percent on Thursday after its top executive disclosed a massive surge in customer usage, but analysts questioned the movie-rental company's ability to convert that into revenue. Chief Executive Reed Hastings said on Tuesday on Facebook that Netflix subscribers watched 1 billion hours of TV shows and movies in June. This compares to the 2 billion hours that was watched in the fourth quarter of 2011 -- when Netflix last reported this data. "When 'House of Cards' and 'Arrested Development' debut, we'll blow these records away," Hastings said in the post. ... Full Story | Top |
Yelp rises on reports of integration with Apple maps
Thu,5 Jul 2012 08:16 AM PDT
Reuters - (Reuters) - Shares of Yelp Inc jumped 12 percent on Thursday following media reports that Apple Inc is planning to integrate the customer reviews website's services into the new maps application in the latest version of its operating system. Apple launched its own mobile mapping service last month, taking the fight into Google Inc's domain. The integration of Yelp's services with Apple's iOS6 will allow users to check in to different locations and businesses directly, without opening the Yelp app, thestreet.com reported on Wednesday. Yelp was not immediately available for comment. ... Full Story | Top |
Ramtron rejects Cypress' raised offer
Thu,5 Jul 2012 05:28 AM PDT
Reuters - (Reuters) - Chipmaker Ramtron International Corp rejected Cypress Semiconductor Corp's second takeover offer in a month, saying it was still inadequate. Cypress, which initially bid $2.48 per share on June 12, raised it on June 21 to $2.68 per share — its third offer in two years for its smaller rival. At $2.68 per share the offer is worth $95 million. "We continue to believe the offer fails to reflect the company's strengthened competitive position, enlarged addressable market and progress being made toward expanding the company's product portfolio," Chairman William Howard said. ... Full Story | Top |
Factbox: History of the mobile technology patent war
Thu,5 Jul 2012 05:05 AM PDT
Reuters - (Reuters) - Mobile technology has been a hotbed of patent litigation in recent years, with Apple Inc , Microsoft Corp , HTC Corp , Motorola, Samsung Electronics Co Ltd and Nokia locked in legal battles over the property rights to scrolling on multitouch screens, product designs and - in lawsuits aimed at Google Inc's Android - the operating system on mobile devices. In Steve Jobs' posthumous biography, he was quoted as saying that Google "ripped off" the iPhone, and he was "willing to go thermonuclear" on the Android operating system. His battle has continued beyond his death. ... Full Story | Top |
Judge who shelved Apple trial says patent system out of sync
Thu,5 Jul 2012 05:03 AM PDT
Reuters -  CHICAGO (Reuters) - The U.S. judge who tossed out one of the biggest court cases in Apple Inc's smartphone technology battle is questioning whether patents should cover software or most other industries at all. Richard Posner, a prolific jurist who sits on the 7th U.S. Circuit Court of Appeals in Chicago, told Reuters this week that the technology industry's high profits and volatility made patent litigation attractive for companies looking to wound competitors. ...
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U.S. judge rejects Samsung request to lift stay on Nexus sales
Wed,4 Jul 2012 07:41 PM PDT
Reuters -  (Reuters) - A U.S. judge on Tuesday rejected a request by Samsung Electronics Co. to lift a pre-trial injunction against sales of its Galaxy Nexus phone, another legal setback for the South Korean firm ahead of an upcoming court battle with Apple Inc.. Last week, U.S. District Judge Lucy Koh in San Jose, California, granted Apple's request to block sales of the smartphone. Samsung had asked the court to stay the injunction pending resolution of an appeal. On Monday, Koh rejected a similar request to lift a ban on the U.S. sales of Samsung's Galaxy Tab 10. ...
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European lawmakers reject global anti-piracy deal
Wed,4 Jul 2012 08:56 AM PDT
Reuters - BRUSSELS (Reuters) - The European Parliament rejected a global agreement against copyright theft on Wednesday, handing a victory to protesters who say the legislation would punish people for sharing films and music online. The vote marked the culmination of a two-year battle between legislators who supported the Anti-Counterfeiting Trade Agreement (ACTA) and it's largely young, digitally savvy opponents. Tens of thousands of activists held rallies across Europe in February to protest against the law, which they said would curb their freedom and allow officials to spy on their online ... Full Story | Top |
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