Today's Reuters Technology News Headlines - Yahoo! News:
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Jury didn't want to let Samsung off easy in Apple trial: foreman
Sat,25 Aug 2012 12:51 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Jurors felt Samsung Electronics Co Ltd should pay significant damages in the landmark patent trial against Apple Inc, even though they viewed Apple's demands as too high, according to the foreman. Apple won a sweeping victory against Samsung on Friday in a federal courtroom in San Jose, California. A nine-member jury found the Korean company had infringed on several Apple features and design patents and awarded the iPhone maker $1.05 billion in damages, which could be tripled because the jury also decided the Korean firm had acted willfully. ...
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Apple plans to file for ban on some Samsung sales
Fri,24 Aug 2012 07:01 PM PDT
Reuters - SAN JOSE, California (Reuters) - Apple Inc plans to file for a sales injunction against Samsung Electronics within the next seven days, its lawyers said on Friday after a jury handed the U.S. company a major victory in their landmark trial. The judge in the case set a September 20 hearing on the proposed injunction. (Reporting by Gerry Shih; Editing by Gary Hill) Full Story | Top |
Facebook co-founder Moskovitz sold stock post lockup
Fri,24 Aug 2012 06:39 PM PDT
Reuters - (Reuters) - Facebook Inc co-founder Dustin Moskovitz sold 450,000 Class A shares over the past three days, his second such sale since last Friday, becoming the latest insider to sell shares following the end of the lockup, according to a regulatory filing late on Friday evening. Moskovitz, who was Facebook's first chief technology officer, sold the shares in three batches of 150,000 shares each beginning on Wednesday, raising more than $8.7 million. ... Full Story | Top |
Seoul court rules Samsung didn't violate Apple design
Fri,24 Aug 2012 06:53 AM PDT
Reuters -  SEOUL (Reuters) - Samsung Electronics Co's flagship Galaxy smartphone looks very similar to Apple's iPhone, but the South Korean firm has not violated the iPhone design, a Seoul court ruled on Friday. The South Korean ruling comes as the two technology titans are locked in a high-stakes global patent battle that mirrors a fierce rivalry for industry supremacy between two companies that control more than half the world's smartphone sales. The Seoul court ruling on Friday comes ahead of more crucial U.S. verdicts. ...
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Apple share of China smartphone mkt almost halved in Q2 - IDC
Fri,24 Aug 2012 01:59 AM PDT
Reuters -  (Reuters) - Apple Inc's share of China's smartphone market almost halved to 10 percent in April-June as buyers waited for the next iPhone model - expected later this year - or switched brands, data from industry research firm IDC showed on Friday. China, Apple's second-largest market, is set to overtake the United States as the world's biggest smartphone market this year, with demand driven by generous handset subsidies offered by the three main carriers, increasingly tech-savvy consumers and more feature-packed and affordable products. ...
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Salesforce third-quarter forecast misses estimates, shares drop
Thu,23 Aug 2012 06:11 PM PDT
Reuters - SAN FRANCISCO (Reuters) - Salesforce.com Inc's third-quarter earnings outlook missed analysts' estimates and its stock fell more than 5 percent in after-hours trading. The San Francisco-based company blamed foreign exchange fluctuations and faltering technology spending in Europe for its third-quarter earnings forecast of 31 or 32 cents per share, short of the 34 cents expected by analysts. Salesforce.com posted a 34 percent jump in second-quarter revenue, to $731.6 million, beating the Street's $728 million target. But Salesforce. ... Full Story | Top |
Exclusive: Groupon senior sales executive leaving - memo
Thu,23 Aug 2012 05:18 PM PDT
Reuters -  (Reuters) - Groupon Inc's Lee Brown, who oversees the daily deal company's national sales, has decided to leave, following other senior executives who left the company this year, according to an internal memo obtained by Reuters on Thursday. Brown, who was senior vice president of national sales and joined in 2010 from Yahoo Inc, will be replaced by Raj Ruparell, the memo from Groupon's operations chief Kal Raman said. A Groupon spokesman confirmed the changes and the accuracy of the memo. ...
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Amazon event on September 6 sparks Kindle speculation
Thu,23 Aug 2012 03:14 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Amazon.com Inc sent out invitations on Thursday to a September 6 press conference near Los Angeles, re-igniting speculation about possible new tablet devices from the world's largest Internet retailer. Amazon did not reveal the nature of the coming announcement, but the event is being organized by the company's Kindle business, which includes its dominant e-book offering and devices such as e-readers and the Kindle Fire tablet computer. "There's been a lot of rumors about another potential Kindle tablet," said Pete Finalle, a tablet analyst at Frost & Sullivan. ...
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Kodak to sell retail print, document imaging businesses
Thu,23 Aug 2012 02:54 PM PDT
Reuters -  NEW YORK (Reuters) - Eastman Kodak Co said on Thursday it plans to sell most of its consumer and document imaging businesses and shift its focus to commercial printing as it works to emerge from bankruptcy. The once-dominant photography firm, already in the midst of auctioning off its digital patent portfolio, hopes to complete the sales by mid-2013, Chief Executive Antonio Perez said in a conference call on Thursday. The company needs to raise nearly $700 million to pay back its creditors and exit bankruptcy, and initially hoped its patent sale would generate at least that much. ...
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Murdoch's digital chief Miller steps down
Thu,23 Aug 2012 02:26 PM PDT
Reuters - (Reuters) - Chief Digital Officer Jon Miller will leave Rupert Murdoch's News Corp at the end of next month as part of a wider executive shake-up ahead of the media conglomerate's split into two distinct publicly traded companies. News Corp hired Miller, a former AOL chief executive, in 2009 to help revamp the company's digital strategy, with a particular focus on moving away from stand-alone web properties to digital content distribution. His duties included leading the company's efforts to resuscitate the pioneering social network MySpace as it lost market share to Facebook. ... Full Story | Top |
Salesforce third-quarter forecast disappoints, shares drop
Thu,23 Aug 2012 02:23 PM PDT
Reuters - SAN FRANCISCO (Reuters) - Enterprise software provider Salesforce.com Inc issued a weak third-quarter earnings outlook on Thursday that raised investor concerns about heightened competition from rivals and helped push its shares 5 percent lower in after-hours trade. The San Francisco-based company beat analysts' estimates for fiscal second-quarter profit and revenue. But it forecast third-quarter earnings of 31 or 32 cents per share, short of the 34 cents expected by analysts. ... Full Story | Top |
FCC approves Verizon Wireless' cable spectrum deal
Thu,23 Aug 2012 02:09 PM PDT
Reuters - WASHINGTON (Reuters) - The Federal Communications Commission on Thursday said it had formally approved Verizon Wireless' proposal to purchase $3.9 billion of airwaves from big cable providers. As part of the approval, the FCC put in place measures to accelerate deployment of Verizon Wireless' newly acquired airwaves from Comcast Corp, Time Warner Cable Inc and others. The agency concluded its review after the Department of Justice cleared the way last week for the deal to move forward, with constraints on marketing agreements attached to the deal. ... Full Story | Top |
Autodesk quarterly results miss Street; sees weak third-quarter
Thu,23 Aug 2012 01:55 PM PDT
Reuters - (Reuters) - Software developer Autodesk Inc's second-quarter results fell short of analysts' expectations weighed by slowing sales and the company forecast current quarter largely below analysts' estimates. Shares of the San Rafael, California-based company fell more than 20 percent to $28.39 after the bell. They had closed at $35.71 on the Nasdaq on Thursday. Second-quarter net income fell to $64.6 million, or 28 cents per share, from $71.2 million, or 31 cents a year earlier. ... Full Story | Top |
Analysis: Cisco, EMC partnership turning into rivalry
Thu,23 Aug 2012 01:38 PM PDT
Reuters -  (Reuters) - Cisco Systems Inc, the world's biggest network equipment maker, and EMC Corp, the leading data storage company, are increasingly encroaching on each other's turfs, in a sign their long partnership may be unraveling. Cisco and EMC have for years collaborated on designing, marketing and cross-selling their products, choosing to go after corporate customers as allies instead of competitors. ...
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