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| HP forecast beats Street, CEO says overhaul taking hold Thursday, Feb 21, 2013 04:10 PM PST  SAN FRANCISCO (Reuters) - Hewlett-Packard Co's quarterly revenue and forecasts beat Wall Street expectations as it continued to cut costs under CEO Meg Whitman's turnaround plan, sending the No. 1 personal computer maker's shares up over 5 percent. Whitman, who took the helm over a year ago after a failed bid to become governor of California, has launched a years-long turnaround to recapture some of the Silicon Valley icon's former growth trajectory. ... Full Story | Top |
| Marvell Technology's upbeat forecast boosts shares Thursday, Feb 21, 2013 03:47 PM PST  (Reuters) - Chipmaker Marvell Technology Group Ltd forecast results this quarter largely above analysts' expectations as it gained market share in hard-disk drive and flash storage businesses, sending its shares up 5 percent in trading after the bell. Marvell, whose chips are used for reading and writing data on hard-disk drives, said it expected adjusted profit of 14 cents, plus or minus 2 cents, per share on revenue of $700 million to $740 million in the first quarter. Analysts on average were expecting a profit of 13 cents per share on revenue of $710. ... Full Story | Top |
| Facebook blocks access to NBC.com after reports site is infected Thursday, Feb 21, 2013 01:54 PM PST  BOSTON (Reuters) - Facebook Inc has blocked users from accessing the NBC.com website following reports that the site is infected with a computer virus. Facebook users were told "This link has been reported as abusive" on Thursday when they attempted to access the NBC.com website. Several security bloggers warned on Thursday that the site was infected with malicious software, advising computer users to avoid the site. Officials with NBC could not immediately be reached for comment. ... Full Story | Top |
| Exclusive: Compuware, after rejecting Elliott bid, explores sale Thursday, Feb 21, 2013 12:55 PM PST NEW YORK (Reuters) - Business software maker Compuware Corp, which has rejected a $2.3 billion bid by an activist investor, is exploring a sale and talking to buyout firms to gauge takeover interest, four people familiar with the matter said. The Detroit-based company has held early talks with several large private equity firms, including Blackstone Group LP, TPG Capital LP and Golden Gate Capital, about a potential deal, the people said on Thursday. Compuware shares rose as much as 9.5 percent to $12. ... Full Story | Top |
| Sony seeks head start over Microsoft with new PlayStation Thursday, Feb 21, 2013 05:00 AM PST  NEW YORK (Reuters) - Sony Corp said it will launch its next-generation PlayStation this year, hoping its first video game console in seven years will give it a much-needed head start over the next version of Microsoft's Xbox and help revive its stumbling electronics business. The new console will have a revamped interface, let users stream and play video games hosted on servers, and allow users to play while downloading titles as well as share videos with friends. ... Full Story | Top |
| EU takes France, Luxembourg to court over low VAT on e-books Thursday, Feb 21, 2013 04:51 AM PST  BRUSSELS (Reuters) - The European Commission is taking France and Luxembourg to court for applying reduced tax rates on the sale of electronic books, which the EU executive says breaks current EU rules. Since January 2012, France and Luxembourg have applied reduced value added tax (VAT) rates to the sale of e-books of 7 percent and 3 percent respectively. Under EU rules, governments can apply reduced VAT rates to a limited list of goods and services which includes books, but currently not e-books. ... Full Story | Top |
| Ladbrokes gaining ground in online gambling Thursday, Feb 21, 2013 03:27 AM PST LONDON (Reuters) - Ladbrokes, Britain's second-largest bookmaker, expects to see payback this year from a 50 million pound ($77 million investment in an online business that had failed to keep pace with rivals. While growing numbers of people are gambling via smartphones and tablet computers, Ladbrokes has been hit by delays upgrading its technology. It has lost ground to market leader William Hill in online and faced competition from smaller rivals. ... Full Story | Top |
| Apple supplier Foxconn freezes hiring at largest plant Thursday, Feb 21, 2013 12:41 AM PST  TAIPEI/NEW YORK (Reuters) - Apple Inc's manufacturing partner Foxconn Technology Group has frozen hiring at a Shenzhen plant that makes gadgets including the iPhone 5 and put the brakes on recruiting for other factories across China, but said the move was not linked to any single client. Foxconn runs a network of factories across the world's No. 2 economy that make products for tech companies from Hewlett Packard to Dell. It sought to pour cold water on a Financial Times report that it had imposed a hiring freeze while it slows production of Apple's latest smartphone. ... Full Story | Top |
| Jazzed-up Microsoft is cooler than before: Reuters/Ipsos Wednesday, Feb 20, 2013 10:08 PM PST  SAN FRANCISCO (Reuters) - Microsoft Corp is cooler than you might think. A Reuters/Ipsos poll found that just under half of 853 respondents between the age of 18 and 29 thought Microsoft is cooler now than it was a year or two ago. The software maker, often derided in Silicon Valley for failing to dream up products that captivate a new generation of social media and mobile savvy consumers, managed to pip Facebook Inc in the survey - only 42 percent of young adults thought the world's largest social network is cooler now than in the past. Twitter scored 47 percent, below Microsoft's 50 percent. ... Full Story | Top |
| Hedge fund manager Einhorn takes Apple campaign to shareholders Wednesday, Feb 20, 2013 09:38 PM PST  SAN FRANCISCO (Reuters) - Hedge fund manager David Einhorn, who is battling Apple Inc in court as part of a wider effort to get the iPhone-maker to share more of its cash pile, will now make a direct appeal to the company's shareholders. He will host a conference call on Thursday to argue the merits of distributing perpetual preferred stock -- his favored way of rewarding shareholders. ... Full Story | Top |
| IBM launches enhanced mobile services offering Wednesday, Feb 20, 2013 09:07 PM PST  (Reuters) - International Business Machines unveiled its expanded mobile strategy on Thursday in an effort to gain an advantage over rivals amid a proliferation of devices such as smartphones and tablets. The technology services company will offer customers a portfolio of products for security, device management as well as analytics and application development, the company said. Using what IBM calls MobileFirst, "businesses can now streamline everything from the management of employee's mobile devices, to the creation of a new mobile commerce app", the company said. ... Full Story | Top |
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