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| U.S. jury orders smartphone maker Samsung to pay Apple $120 million Friday, May 02, 2014 06:38 PM PDT  By Dan Levine SAN JOSE, California (Reuters) - A U.S. jury on Friday ordered Samsung Electronics Co Ltd to pay $119.6 million to Apple Inc, far less than Apple had sought and marking a big loss for the iPhone maker in the latest round of their globe-spanning mobile patent litigation. During the month-long trial in a San Jose, California, federal court, Apple accused Samsung of violating patents on smartphone features including universal search, while Samsung denied wrongdoing. On Friday, the jury found the South Korean smartphone maker had infringed two Apple patents. Apple and Samsung have been litigating around the world for three years. Full Story | Top |
| U.S. jury orders Apple to pay Samsung $158,400 in mobile patents trial Friday, May 02, 2014 05:56 PM PDT SAN JOSE, California (Reuters) - A U.S. jury on Friday ordered Apple Inc to pay $158,400 to Samsung Electronics Co Ltd, after it found the iPhone maker infringed on at least one of the Korean company's patents. During the month-long trial in a San Jose, California, federal court, Apple accused Samsung of violating patents on smartphone features including universal search, while Samsung denied wrongdoing. (Reporting by Dan Levine; Editing by Ken Wills) Full Story | Top |
| Activists sue San Francisco over controversial tech bus program Friday, May 02, 2014 05:15 PM PDT  By Mary Papenfuss SAN FRANCISCO (Reuters) - Activists have sued the city and county of San Francisco over a pilot program giving shuttles run by Google and other private companies access to municipal bus stops, claiming it favors higher-paid technology workers over low-income residents. The lawsuit, filed in San Francisco Superior Court on Thursday, marks the latest sign of tensions in the Bay Area over the growing income divide, which has been widened by the latest tech industry boom. Late last year, protesters began to block the commuter buses that ferry employees from San Francisco to the offices of tech companies, including Facebook, Google and Yahoo, south of the city, which they say symbolize the rift being created by abundant tech money. Under the 18-month pilot program the unmarked, WiFi-equipped buses use San Francisco Municipal transit system stops for a fee of $1 per stop per day and are viewed by many as a symbol of the industry's disconnect from a broader community left behind by the tech boom. Full Story | Top |
| Bill Gates on track to own no Microsoft stock in four years Friday, May 02, 2014 05:06 PM PDT  Bill Gates, the former chief executive and chairman of Microsoft Corp, will have no direct ownership in the company he co-founded by mid-2018 if he keeps up his recent share sales. Gates, who started the company that revolutionized personal computing with school-friend Paul Allen in 1975, has sold 20 million shares each quarter for most of the last dozen years under a pre-set trading plan. Assuming no change to that pattern, Gates will have no direct ownership of Microsoft shares at all four years from now. With his latest sales this week, Gates was finally eclipsed as Microsoft's largest individual shareholder by the company's other former CEO, Steve Ballmer, who retired in February, but has held on to his stock. Full Story | Top |
| Jury reaches verdict in Apple-Samsung patents trial Friday, May 02, 2014 04:49 PM PDT  SAN JOSE, California (Reuters) - The jury has reached a verdict on Friday in a patent trial between Apple Inc and Samsung Electronics Co Ltd, which will be read in a San Jose, California federal courtroom shortly, according to a court official. During the month-long trial, Apple accused Samsung of violating patents on smartphone features including universal search, while Samsung denied wrongdoing. (Reporting by Dan Levine; Editing by Lisa Shumaker) Full Story | Top |
| China's Sina fined for indecent content in web porn crackdown Friday, May 02, 2014 02:58 PM PDT (Reuters) - Chinese Internet firm Sina Corp said it was fined 5.1 million yuan ($815,038) by Beijing authorities for allowing "unhealthy and indecent content" on its online reading channel and on its main website. Sina was stripped of some online publication licenses last week after being targeted in a pornography crackdown, the harshest punishment yet for a Chinese Internet company in an intensifying online crackdown. The fine was imposed by the Beijing Municipal Cultural Market Administrative Law Enforcement Unit, Sina said in a statement on Friday. Sina said it was currently evaluating the impact of the administrative penalties and the options available to the company. Full Story | Top |
| Kaspersky Lab executives depart amid business strategy dispute Friday, May 02, 2014 12:44 PM PDT By Jim Finkle BOSTON (Reuters) - At least five senior executives have left Russian computer security software company Kaspersky Lab in the past month due to a disagreement over the way it is being run under its chief executive and co-founder, Eugene Kaspersky. The executives include the company's North American president, Steve Orenberg, who is credited with making Kaspersky a major anti-virus brand in the United States, and its chief technology officer, Nikolay Grebennikov, who headed global research and development. Eugene Kaspersky, in an emailed statement, praised Orenberg and his team for helping shape the success of the anti-virus software maker in the United States, saying they "made the impossible possible." However he added that "in evaluating our business and in creating a plan to move forward in the U.S., we had a disagreement about business strategy." Kaspersky did not respond to requests this week via email for more detailed comment on the departures. Company spokesman Alejandro Arango told Reuters via email that Orenberg and Grebennikov left by mutual agreement with the company. Full Story | Top |
| Huawei CEO says not surprised by U.S. spying reports Friday, May 02, 2014 09:40 AM PDT  By Paul Sandle and Jane Barrett LONDON (Reuters) - The founder of China's Huawei Technologies Co Ltd said media reports that the U.S. National Security Agency (NSA) was spying on his company came as no surprise, and they would not damage its reputation among its customers. "This monitoring behavior of the United States is within expectations," Huawei's founder and chief executive, Ren Zhengfei, told reporters in a rare meeting with the press in London on Friday. Full Story | Top |
| LinkedIn forecast disappoints, prompts price target cuts Friday, May 02, 2014 08:58 AM PDT  (Reuters) - LinkedIn Corp's full-year revenue forecast fell short of market expectations, prompting at least 14 brokerages to cut their price targets on the stock. The company's shares were down more than 5 percent at $152.65 in late morning trading on the New York Stock Exchange on Friday. Investors expect social media companies, which command lofty valuations, to post high growth rates and even a slight miss prompts a backlash from Wall Street analysts and investors. "We believe that Street expectations were running too high, and that (LinkedIn) is trying to level set those expectations," CRT Capital analysts wrote in a note, cutting their price target to on the stock to $225 from $235. Full Story | Top |
| Google faces antitrust lawsuit on U.S. mobile internet search Friday, May 02, 2014 03:31 AM PDT  (Reuters) - Consumer rights law firm Hagens Berman said it filed a nationwide antitrust class-action lawsuit against Google Inc alleging the company "illegally monopolized" the Internet and mobile search market in the United States. The lawsuit alleges that Google has expanded its monopoly of the internet search market by pre-loading its applications onto Android mobile devices through its Mobile Application Distribution Agreements. ... Full Story | Top |
| Twitter stock slumps 50 percent as Goldman, Deutsche Bank still say `buy' Thursday, May 01, 2014 10:02 PM PDT  Twitter Inc investors who heeded the advice of high-profile banks such as Goldman Sachs Group Inc and Deutsche Bank AG to buy the social media company's shares might be kicking themselves. Much more accurate calls were made by Wells Fargo, Atlantic Equities and Macquarie Research, whose analysts advised clients to get out of the high-flying stock about the time it peaked in December. On Wednesday the stock fell as low as $37.24, 50 percent below its peak of $74.73 the day after Christmas, wiping almost $18 billion off Twitter's market capitalization. The downgrades, and the subsequent swoon by the stock, reflect concern about slowing growth in Twitter's user base and the company's ability to reverse the trend. Full Story | Top |
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