Today's Reuters Technology News Headlines - Yahoo! News:
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Verizon eyes Microsoft push, Windows phones for holidays
Thu,19 Apr 2012 05:24 PM PDT
Reuters -  NEW YORK (Reuters) - Verizon Wireless plans to put its marketing weight behind Microsoft Corp's next mobile phone software to help develop a strong competitor to Apple Inc and Google Inc, according to the chief financial officer of Verizon Communications. Verizon Wireless, a venture of Verizon and Vodafone Group Plc, already sells the Apple iPhone and many devices based on Google's Android software. But Verizon's CFO Fran Shammo said the company wants a third strong software competitor in the mobile market where operators pay hefty subsidies for smartphones like the iPhone. ...
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Chipmaker AMD's results point to better PC market
Thu,19 Apr 2012 04:01 PM PDT
Reuters - SAN FRANCISCO (Reuters) - Chipmaker Advanced Micro Devices forecast revenue above expectations in another sign that PC demand is holding up better than anticipated. Shaky economies in Europe and the unsteady recovery in the United States, a growing consumer preference for tablets, and a recent shortage of hard drives due to flooding in Thailand last year have taken a toll on the PC industry. "There was a decent Q1 number and decent Q2 guidance, and that's indicative of a rebound in PC builds as hard drives become more available," said MKM Partners analyst Daniel Berenbaum. ... Full Story | Top |
Oracle probes Google engineer about key email
Thu,19 Apr 2012 03:50 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - A Google engineer, testifying in a high-stakes trial pitting Oracle Corp against Google Inc, denied that he referred to Oracle or any other company when he wrote in an email that Google should take a license to use the Java programming language. The trial entered its fourth day on Thursday, with Google engineer Timothy Lindholm taking the stand to answer questions about a 2010 email that has become a critical piece of evidence in the case. ...
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SanDisk sees pricing pressure hurting second-quarter
Thu,19 Apr 2012 03:41 PM PDT
Reuters -  (Reuters) - SanDisk Corp said the glut in the memory chips market will continue to hurt prices for the rest of the year, sounding its second revenue warning in as many quarters. The company, which has struggled to rein in the downward spiral in prices for NAND flash chips -- used as primary memory in phones and tablets -- projected second-quarter revenue of $950 million to $1.05 billion, well below the Street's $1.30 billion expectations. ...
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Microsoft beats Street profit view, shares up
Thu,19 Apr 2012 03:06 PM PDT
Reuters -  (Reuters) - Microsoft Corp beat Wall Street's profit forecast as personal computer sales held up better than expected, lifting its shares 2.5 percent after hours. The results buoyed optimism around the world's largest software maker, which is lining up a new tablet-friendly version of Windows for later this year and is looking to make a dent into Apple Inc and Google Inc's domination of the mobile market this holiday shopping season. "The results were a fair amount better than we were looking for," said Rick Sherlund, an analyst at Nomura Securities. ...
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Instant View: Microsoft hitches ride on resilient PC market
Thu,19 Apr 2012 01:55 PM PDT
Reuters - (Reuters) - Microsoft Corp's quarterly results surpassed Wall Street's targets as computer sales held up better than expected, lifting its shares more than 2 percent. COMMENTARY: SID PARAKH, ANALYST, MCADAMS WRIGHT RAGEN "Pretty good quarter. It highlights the strength of the core business -- all the enterprise-focused businesses, like Office, server and tools and Windows. "When Gartner and IDC announced their numbers, there was a general sense that there might be a slight pickup in PC sales. Clearly there's still a business PC refresh that's ongoing. Plus, a recovering consumer PC. ... Full Story | Top |
Verizon eyes Microsoft push, Windows phones for holidays
Thu,19 Apr 2012 12:02 PM PDT
Reuters - NEW YORK (Reuters) - Verizon Wireless plans to put its marketing weight behind Microsoft Corp's next mobile phone software to help develop a strong competitor to Apple Inc and Google Inc, according to the chief financial officer of Verizon Communications. Verizon Wireless, a venture of Verizon and Vodafone Group Plc, already sells the Apple iPhone and many devices based on Google's Android software. But Verizon's CFO Fran Shammo said the company wants a third strong software competitor in the mobile market where operators pay hefty subsidies for smartphones like the iPhone. ... Full Story | Top |
NY state sues Sprint for more than $300 million over taxes
Thu,19 Apr 2012 11:51 AM PDT
Reuters -  (Reuters) - The state of New York on Thursday sued Sprint Nextel Corp for more than $300 million, accusing the company of tax fraud by deliberately not collecting or paying millions of dollars of taxes for its cell phone service. Sprint, the third-biggest U.S. mobile service provider, failed to bill customers for more than $100 million in taxes for its wireless services over seven years, according to New York Attorney General Eric Schneiderman. ...
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With new board, Olympus looks to draw a line under scandal
Thu,19 Apr 2012 11:07 AM PDT
Reuters -  TOKYO (Reuters) - Peering from a hotel window 50 floors above Japan's bustling capital, Michael Woodford eyes the Olympus Corp building where he was fired six months ago. To the right, he sees the flat he had to quit that day before he was told to take a bus to the airport. Olympus , a camera maker and the world's biggest manufacturer of endoscopes used for internal medical examinations, sacked its British CEO after he queried staggeringly high advisory fees paid in past acquisitions. In the weeks that followed, regulators uncovered a $1. ...
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Verizon Wireless data revenue growth impresses
Thu,19 Apr 2012 11:00 AM PDT
Reuters -  NEW YORK (Reuters) - Verizon Communications Inc posted first-quarter earnings and revenue that beat Wall Street expectations as customers increased their spending on services such as wireless data, sending its shares 1.6 percent higher. While wireless customer growth slowed, Chief Financial Officer Fran Shammo said the company's mobile venture, Verizon Wireless, saw the fastest growth in mobile service revenue in three years as more customers used smartphones. ...
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Splunk shares double in value on debut
Thu,19 Apr 2012 10:32 AM PDT
Reuters - (Reuters) - Data analytics software maker Splunk Inc's shares doubled in value on their market debut, as it tapped investor demand for enterprise-focused companies in an otherwise weak IPO market. Technology companies such as Splunk, Demandware Inc and Guidewire Software Inc have been doing well at the markets, even as investors shun other deals. The IPO market has seen poor pricings, pulled deals and delayed filings in the past few weeks. Splunk's stock was trading up almost 89 percent at $32.05 on the Nasdaq. Nearly 11 million shares exchanged hands by 1.30 pm Eastern Time. ... Full Story | Top |
Apple, Google, Intel fail to dismiss staff-poaching lawsuit
Thu,19 Apr 2012 09:17 AM PDT
Reuters -  (Reuters) - Apple Inc, Google Inc, Intel Corp and four other technology companies were ordered by a judge to face an antitrust lawsuit claiming they illegally conspired not to poach each other's employees. District Judge Lucy Koh in San Jose, California, rejected the companies' bid to dismiss claims brought under the federal Sherman antitrust law and California's own antitrust law, the Cartwright Act. ...
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Nokia executive quits as phone sales plummet
Thu,19 Apr 2012 08:59 AM PDT
Reuters -  HELSINKI (Reuters) - Nokia dropped its sales chief and promised to slash more costs, as Chief Executive Stephen Elop battles to reinvent the cellphone maker to compete with smartphone rivals. The Finnish company, which is expected to be overtaken as the world's biggest handset maker by Samsung Electronics, swung to a net loss of 1.6 billion euros in the first quarter, hit by falling sales and heavy restructuring charges. ...
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Sun journalist held ahead of showdown for Murdochs
Thu,19 Apr 2012 08:18 AM PDT
Reuters -  LONDON (Reuters) - British police arrested three people, including the royal editor of Rupert Murdoch's Sun tabloid, a source familiar with the situation said, in an escalation of a long-running phone hacking scandal which reaches into Britain's political establishment. Thursday's arrests and the fact they stemmed from information given to the police by Murdoch's company itself is likely to reignite tensions within the media group, just days before parliament gives its verdict on how the culture of illegality came about. ...
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Nokia CEO says confident in Windows Phone, sales team
Thu,19 Apr 2012 04:03 AM PDT
Reuters - HELSINKI (Reuters) - Nokia Chief Executive Stephen Elop said he was very confident in the Windows Phone strategy and the sales team of the struggling Finnish handset maker. "My confidence in our sales team is very high," Chief Executive Stephen Elop said on Thursday. Earlier, the company said its sales chief Colin Giles would leave Nokia, after reporting a first quarter loss which Elop called disappointing. (Reporting by Helsinki Newsroom) Full Story | Top |
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