Today's Reuters Technology News Headlines - Yahoo! News:
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HTC sues Citi in Taiwan after share price fall
Mon,12 Dec 2011 07:27 PM PST
Reuters -  TAIPEI (Reuters) - HTC Corp, the world's No.4 smartphone maker, has filed a criminal complaint against Citigroup Inc's Taiwan unit, alleging the bank published false information that led to a fall in HTC's share price, a Taiwan prosecutor said on Tuesday. HTC, whose rapid rise in the cut-throat handset industry had made it an investor darling until early this year, has lost much of its luster in recent weeks as its models struggle to compete with Apple Inc's iPhone and Samsung Electronics Co Ltd's Galaxy range. Its shares have tumbled from a high of more than T$1,200 ($39. ...
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Japan auditors to approve restated Olympus accounts: media
Mon,12 Dec 2011 05:16 PM PST
Reuters -  TOKYO (Reuters) - External auditors of Japan's disgraced Olympus Corp are set to sign off on its restated accounts this week, the Asahi newspaper said on Tuesday, clearing one key hurdle in the firm's struggle to survive a $1.7 billion accounting fraud. The maker of cameras and medical equipment must publish its second-quarter results by Wednesday in order to keep its stock-market listing and avoid being cut off from capital markets, and will also submit its corrected accounts for the past five years. ...
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Jive Software prices IPO above range: underwriter
Mon,12 Dec 2011 05:06 PM PST
Reuters - (Reuters) - Jive Software Inc priced its initial public offering at $12 per share, above its expected price range of between $8 and $10 per share, according to an underwriter. Jive, which makes software that integrates online communities, microblogging, social networking, discussion forums, blogs, wikis, and instant messaging under one interface, had filed in August, to raise up to $100 million in its IPO. Jive's pricing kicks of what is expected to be the busiest week in the U.S. ... Full Story | Top |
Dish eyes T-Mobile if AT&T bid fails
Mon,12 Dec 2011 04:35 PM PST
Reuters - NEW YORK (Reuters) - Dish Network Corp is considering a partnership with T-Mobile USA if AT&T is unable to fulfill its bid to take over the fourth U.S. wireless network, Dish Chief Executive Joe Clayton said on Monday. Clayton told Reuters that Dish is serious about its ambitions to get into the wireless space, but said the company first needs to be awarded a wireless license by the U.S. Federal Communications Commission. It would then have to wait for a final decision by the U.S. government on the merger between AT&T and T-Mobile USA before deciding its next move. ... Full Story | Top |
AT&T mulling whether, how to revise T-Mobile deal
Mon,12 Dec 2011 04:35 PM PST
Reuters -  NEW YORK (Reuters) - AT&T Inc has another month to decide whether it wants to continue to pursue its $39 billion acquisition of T-Mobile USA after a U.S. Judge agreed to delay the court battle over the deal until January 18. AT&T had originally been due in court on Thursday in the case brought by the U.S. Department of Justice, which opposed the deal on concerns it would harm competition in the U.S. wireless market by combining the No. 2 and No. 4 players. ...
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Jive upsizes IPO and prices above range
Mon,12 Dec 2011 04:31 PM PST
Reuters - Dec 12 (IFR) - Social networking. Cloud computing. Software as a service. With the right buzzwords littered throughout its IPO pitch, there was never much doubt that Jive Software's IPO would go well, even in dispiriting markets. Lead bookrunners Morgan Stanley and Goldman Sachs priced 13.44m Jive shares at US$12, 20% above the top end of the US$8-$10 pricing range. The primary share component was also upsized to 10.07m share from 8.33m, while the secondary component of 3.37m shares was the same as first pitched. ... Full Story | Top |
Microsoft appoints new head of phone group
Mon,12 Dec 2011 03:46 PM PST
Reuters - (Reuters) - Microsoft Corp appointed a new head for its mobile phone software group on Monday, as the company continues to search for ways to extend its dominance in the PC market to the fast-growing and highly-competitive smartphone business. Microsoft Windows Phone Division President Andy Lees, who has led the phone group since 2009, will take a new role at the company that involves working with the company's phone and PC businesses, according to a letter to employees sent by Chief Executive Steve Ballmer on Monday. ... Full Story | Top |
AT&T mulling whether, how to revise T-Mobile deal
Mon,12 Dec 2011 03:44 PM PST
Reuters -  NEW YORK (Reuters) - AT&T Inc has another month to decide whether it wants to continue to pursue its $39 billion acquisition of T-Mobile USA after a U.S. Judge agreed to delay the court battle over the deal until January 18. AT&T had originally been due in court on Thursday in the case brought by the U.S. Department of Justice, which opposed the deal on concerns it would harm competition in the U.S. wireless market by combining the No. 2 and No. 4 players. ...
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Analysis: Little appetite in Japan for major post-Olympus reform
Mon,12 Dec 2011 02:46 PM PST
Reuters - TOKYO (Reuters) - Japan is unlikely to make sweeping reforms to rules on corporate governance in the wake of the Olympus Corp accounting scandal because of a largely hostile business lobby and a lack of political will to clip the wings of top executives. The $1.7 billion scheme to hide two decades of investment losses at Olympus is one of Japan's worst accounting frauds and highlights long-standing criticism of lax corporate governance, yet analysts say only minor reform is likely. ... Full Story | Top |
Olympus ex-president personally fired auditor: report
Mon,12 Dec 2011 02:33 PM PST
Reuters - (Reuters) - Olympus Corp's former president Tsuyoshi Kikukawa personally dismissed the auditing firm that raised objections about the acquisitions used to cover up loss-making investments, the Nikkei business daily reported, citing sources familiar with the ongoing investigations. Olympus used payments to a financial advisory firm connected with its takeover of U.K. medical devices maker Gyrus Group Plc, as well as a portion of the cost of three domestic acquisitions, to offset the securities losses, the paper said. ...
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Intel says sales hit by hard drive shortage
Mon,12 Dec 2011 02:30 PM PST
Reuters -  (Reuters) - Intel Corp warned that hard-disk drive supply shortages would hurt its current-quarter revenue, the latest heavyweight in the PC industry to caution about the effects of flooding that has crippled factories in Thailand. The warning sent shares of the world's top chipmaker down 4.8 percent and weighed on Wall Street. Hundreds of people have died in flooding in Thailand that has caused billions of dollars in damages since late July and disrupted international supply chains in the PC and automobile industries. ...
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IT services firm Epam eyes U.S. IPO in first quarter: sources
Mon,12 Dec 2011 02:26 PM PST
Reuters - MOSCOW/NEW YORK (Reuters) - Epam Systems Inc, an IT services provider with operations in Russia, is aiming to move ahead with its planned U.S. initial public offering in the first quarter of next year, two sources familiar with the situation said on Monday. Epam filed with U.S. regulators in June to raise up to $100 million in an initial public offering of its common stock. The company did not reveal how many shares it planned to sell or their expected price, but said at the time it would use the proceeds for acquisitions and general corporate purposes. ... Full Story | Top |
Sensata Technologies lowers Q4 outlook
Mon,12 Dec 2011 01:57 PM PST
Reuters - (Reuters) - Netherlands-based Sensata Technologies Holding NV cut its fourth-quarter outlook hurt by weakness at its sensors business. Sensata's sensors business suffered as some customers were hurt by the Thailand floods, equipment makers cut production amid economic uncertainty in Europe, and auto parts suppliers reduced inventories. The company expects current quarter adjusted profit to be hurt by 3-5 cents a share, compared with the mid-point of its prior forecast of 48 cents a share. ... Full Story | Top |
India shuts server linked to Duqu computer virus
Mon,12 Dec 2011 08:39 AM PST
Reuters - (Reuters) - Indian authorities are investigating a computer server in Mumbai for links to the Duqu malicious software that some security experts warned could be the next big cyber threat. Web Werks, a Mumbai-based Web-hosting company, said it had given an image of the suspicious virtual private server to officials from the Indian Computer Emergency Response Team (CERT-In), after security firm Symantec Corp found the server was communicating with computers infected with the Duqu virus. ... Full Story | Top |
Activision game crosses $1 billion in sales
Mon,12 Dec 2011 07:34 AM PST
Reuters -  (Reuters) - Activision Blizzard, the biggest U.S. video game publisher by market capitalization, said its game Call of Duty: Modern Warfare 3 crossed $1 billion in sales since its launch on November 8. The company, whose most profitable franchise "World of Warcraft," generated $1 billion in revenue for the company last year, also said its new children's game Skylanders has sold better than its expectations. Activision is expected to face stiff competition from rival Electronic Arts' whose multiplayer game based on the "Star Wars" movies releases on December 20. Shares of Activision were down ...
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