Today's Reuters Technology News Headlines - Yahoo! News:
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Maxim says end of chip correction unclear
Wed,30 Nov 2011 05:07 PM PST
Reuters - SUNNYVALE, California (Reuters) - Short lead times from manufacturing customers are making it tough to predict end demand for microchips and hard to say whether an inventory correction is bottoming out, the chief executive of Maxim Integrated Products said. Struggling economies in the United States and Europe have crimped demand for electronics and in recent months pushed many manufacturers to reduce high inventories of chips and other components. Investors are looking for signs of whether the inventory adjustment is ending or could drag on due to economic uncertainty. ... Full Story | Top |
Borrowing from cable, game cos. seek subscribers
Wed,30 Nov 2011 04:38 PM PST
Reuters - NEW YORK (Reuters) - Video game companies want to turn gamers from one-time purchasers into subscribers who generate a steady and predictable revenue stream to boost business and protect against economic uncertainty. That was the message from top video game executives, including Activision Blizzard Chief Executive Bobby Kotick, Take Two Interactive CEO Strauss Zelnick and THQ Inc CEO Brian Farrell, who spoke at the Reuters Global Media Summit this week. Despite being forecast to grow 5 percent to $67. ... Full Story | Top |
AT&T, Deutsche Telekom eyed fallback venture: WSJ
Wed,30 Nov 2011 04:23 PM PST
Reuters - NEW YORK (Reuters) - AT&T Inc and T-Mobile USA's parent Deutsche Telekom have discussed options including forming a joint venture to pool the wireless operators' network assets if AT&T's proposed $39 billion plan to buy T-Mobile USA fails, the Wall Street Journal reported. However, the story, which cited unnamed people familiar with the matter, said the talks were "not advanced" and were "a plan the companies have on the back burner. ... Full Story | Top |
Financial strain, trauma for Olympus ex-CEO
Wed,30 Nov 2011 03:46 PM PST
Reuters -  NEW YORK (Reuters) - A six-week-long fight with Olympus Corp in one of Japan's biggest corporate scandals ever is taking its toll on the whistleblower -- former CEO Michael Woodford. Woodford, 51, who said he had been getting only a few hours of sleep a night since the Olympus scandal broke last month, told Reuters the fight proved to be emotionally traumatizing for him and his family, and had significantly strained his finances. ...
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Blackstone, Bain to lead Alibaba's bid for Yahoo: sources
Wed,30 Nov 2011 03:42 PM PST
Reuters -  (Reuters) - Private equity firms Blackstone Group and Bain Capital will lead a bid for the whole of Yahoo Inc after agreeing to team up with Alibaba Group, two people familiar with the matter said on Wednesday. The two buyout houses are eager to acquire Yahoo's core U.S. operations, one of these people said, adding that the composition of the consortium, which will also involve Japan's Softbank Corp, has not yet been formalized. Alibaba and Blackstone declined to comment, while a Bain spokesman did not immediately respond to a request for comment. ...
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AT&T, Deutsche Telekom eyed fallback venture: report
Wed,30 Nov 2011 01:58 PM PST
Reuters - NEW YORK (Reuters) - AT&T Inc and T-Mobile USA's parent Deutsche Telekom have discussed forming a joint venture that would pool the wireless operators' network assets as an alternative if AT&T's proposed $39 billion plan to buy T-Mobile USA fails, according to the Wall Street Journal. However, the story, which cited unnamed people familiar with the matter, said the talks were "not advanced" and were "a plan the companies have on the back burner. ... Full Story | Top |
Intel, Total Immersion working on augmented reality chipsets
Wed,30 Nov 2011 01:49 PM PST
Reuters - (Reuters) - Total Immersion, a pioneer in emerging field of augmented reality (AR), is working with Intel to bring AR features, like gesture recognition, into Intel's chipsets, an executive of the privately held firm said on Wednesday. Speaking at the Reuters Global Media Summit, Total Immersion's marketing chief Antoine Brachet said consumer acceptance will decide when products would reach the market, but he thinks this could happen in 2-3 years. Running on smartphones or computers, AR overlays digital information - text, graphics, games -- on images of the world around us. ... Full Story | Top |
Clearwire seen reaching Sprint funding deal
Wed,30 Nov 2011 01:48 PM PST
Reuters - NEW YORK (Reuters) - Clearwire Corp is expected to reach a funding agreement with Sprint Nextel at least by year-end and possibly in time for Clearwire's December 1 debt interest payment deadline, according to people following a standoff between the wireless service providers. Clearwire, majority owned by Sprint, is seeking almost $1 billion in new financing to keep operating and to pay for a network upgrade that is crucial for it to compete in the U.S. market for high-speed wireless services. ... Full Story | Top |
Hackers jailbreak RIM's PlayBook
Wed,30 Nov 2011 12:31 PM PST
Reuters -  TORONTO (Reuters) - Three hackers say they have exploited a vulnerability in Research In Motion's PlayBook tablet to gain root access to the device, a claim that could damage the BlackBerry maker's hard-won reputation for security. Root access means a user has permission to alter any file or program on a device and can control hardware functions. In a response to queries, RIM said it is investigating the claim, and if a "jailbreak" is confirmed will release a patch to plug the hole. ...
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AT&T, China Telecom agree to expand partnership
Wed,30 Nov 2011 12:08 PM PST
Reuters - (Reuters) - AT&T Inc and China Telecom Corp Ltd have agreed to expand their relationship in China and the United States and will look into supporting each other in other regions. AT&T said on Wednesday that the agreement would expand its services for business customers in China and that the companies would consider jointly developing services, including video conferencing and managed hosting. They will also look at working together in other regions, according to AT&T, but it did not provide details. ... Full Story | Top |
Skyworks snaps up Advanced Analogic at lower price
Wed,30 Nov 2011 11:13 AM PST
Reuters - (Reuters) - Skyworks Solutions said it will buy smaller rival Advanced Analogic Technologies for $5.80 a share in cash, a price lower than its original offer, ending a months-long standoff between the chipmakers. Skyworks had in May agreed to buy AATI for $258.6 million, or $6.05 a share, in cash and stock but had threatened to walk in September saying it was not given access to certain financial information. ... Full Story | Top |
Online retail in Russia stifled by infrastructure: PwC
Wed,30 Nov 2011 07:34 AM PST
Reuters - MOSCOW (Reuters) - Russian online shopping growth is being held back by poor infrastructure and slow delivery times, accountants PWC said on Wednesday, forcing retailers to spend more before they reap any benefit of rising Internet use. Russia overtook Germany as Europe's biggest Internet market in September with about 60 million users, while a penetration rate of around 43 percent means e-commerce is still at an early stage of development. ... Full Story | Top |
Arrests in Olympus scandal could take weeks: lawyers
Wed,30 Nov 2011 06:50 AM PST
Reuters -  TOKYO (Reuters) - Japanese authorities may take weeks to make any arrests over the accounting scandal at Olympus Corp, though initial findings by an investigative panel of experts are due to be released in days, lawyers said. The panel, set up by Olympus after the scandal broke in mid-October, is due to report its findings in early December, likely paving the way for criminal complaints against former executives, the lawyers said. ...
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Analysis: AT&T may struggle to find asset buyers
Wed,30 Nov 2011 05:43 AM PST
Reuters -  (Reuters) - AT&T Inc will struggle to find buyers for any asset sale big enough to salvage its $39 billion deal to buy T-Mobile USA, with most likely buyers Leap Wireless International Inc and MetroPCS Communications lacking the cash. AT&T is looking for ways to make the acquisition more palatable to the U.S. Justice Department and the Federal Communications Commission which have raised objections over reduced competition and job losses. Leap Wireless is currently in talks with AT&T about asset purchases, according to the New York Times. ...
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