Today's Reuters Technology News Headlines - Yahoo! News:
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Google to launch online storage service for consumers: source
Mon,23 Apr 2012 07:58 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Google Inc is preparing to roll out a service to let consumers store photos and other content online, a source familiar with the matter said, pushing into a market now dominated by the likes of Dropbox and Box. The service, to be called Google Drive, could be announced as soon as Tuesday and would be offered with both free and premium for-pay versions, the source said. Google's "cloud storage" offering will incorporate search capabilities and allow users to store pictures, notes and other documents on the Internet and access them from any Web-connected device. ...
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SK Hynix, Toshiba held early talks on joint Elpida bid: source
Mon,23 Apr 2012 07:51 PM PDT
Reuters - SEOUL (Reuters) - SK hynix was approached by Toshiba Corp to make a joint bid for troubled Elpida Memory Inc and the two firms held initial talks, but failed to proceed into more serious discussions, a source close to SK hynix said on Tuesday. The source declined to elaborate on why the discussions collapsed. SK hynix declined to comment. Other sources told Reuters earlier on Tuesday that Toshiba was no longer bidding for Elpida, leaving three foreign firms including SK hynix and Micron Technology in the race to take over the company. (Reporting by Miyoung Kim; Editing by Jonathan Hopfner) Full Story | Top |
Toshiba drops out of bidding for Elpida: sources
Mon,23 Apr 2012 07:27 PM PDT
Reuters -  TOKYO (Reuters) - Toshiba Corp is no longer bidding for bankrupt Japanese chip maker Elpida Memory, sources close to the talks said, leaving three foreign firms including SK hynix and Micron Technology in the race to take over the company. Toshiba has decided not to join the second round of bidding set for Friday after talks stalled on a joint bid with potential partners, including South Korea's SK hynix, the sources told Reuters on Tuesday. ...
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Texas Instruments revenue forecast beats Street
Mon,23 Apr 2012 04:57 PM PDT
Reuters - (Reuters) - Texas Instruments Inc forecast second-quarter revenue growth ahead of Wall Street estimates, signaling the end of a prolonged inventory-related decline in demand, sending its shares up 4 percent in late trading. The maker of chips used in everything from communications equipment to cars said it expects revenue growth for the rest of the year due to a broad-based improvement in demand after several quarters when its clients cut inventories. ... Full Story | Top |
Facebook reveals revenue, profit slide ahead of IPO
Mon,23 Apr 2012 04:40 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Facebook Inc reported its first quarter-to-quarter revenue slide in at least two years, a sign that the social network's sizzling growth may be cooling as it prepares to go public in the biggest ever Internet IPO. The company blamed the first-quarter decline, which surprised some on Wall Street, on seasonal advertising trends. "It was a faster slowdown than we would have guessed," said Brian Wieser, an analyst with Pivotal Research Group. ...
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Microsoft infringes Motorola Mobility patents: ITC judge
Mon,23 Apr 2012 04:29 PM PDT
Reuters -  WASHINGTON (Reuters) - Microsoft infringed Motorola Mobility's patents in making its popular Xbox gaming consoles, a judge for the U.S. International Trade Commission ruled on Monday. ITC Judge David Shaw said that Microsoft infringed four patents and did not infringe on a fifth in the complaint. The full commission will review the judge's decision and issue a final ruling in August. The patents in the complaint are for technology like wireless connections for the Xbox to the Internet and video compression to speed transmission. ...
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Obama seeks to stop Syria, Iran tech assault on activists
Mon,23 Apr 2012 04:28 PM PDT
Reuters -  WASHINGTON (Reuters) - President Barack Obama imposed U.S. sanctions on Monday on those who help Syria and Iran track dissidents through cell phones and computers, serving notice on technology providers that they could be held responsible for those governments' human rights abuses. Obama's announcement underscored how democracy activists have used social media tools in protest movements across the Middle East, but also the extent to which authoritarian governments have used cutting-edge technologies to crack down on dissent. ...
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STMicro's revenue slides as wireless struggles
Mon,23 Apr 2012 02:16 PM PDT
Reuters - SAN FRANCISCO (Reuters) - European chipmaker STMicroelectronics posted lower first-quarter revenue as it restructures a struggling wireless business with partner Ericsson. STMicroelectronics, which makes chips for cars, computers and mobile phones, posted a first-quarter sales drop of 8 percent to $2.02 billion from $2.19 billion the fourth quarter. Analysts on average had expected first-quarter revenue of $2.02 billion, according to Thomson Reuters I/B/E/S. ST Micro said current-quarter sales would rise 4.5 percent to 10.5 percent from the first quarter. ... Full Story | Top |
NimbleTV takes a shot at 'TV Everywhere'
Mon,23 Apr 2012 01:29 PM PDT
Reuters - NEW YORK (TheWrap.com) - NimbleTV is trying to make good on the promise of "TV Everywhere" that has eluded cable providers and customers alike. The service, which launches into beta Monday, lets subscribers access more than two dozen channels from wherever they are via the cloud. It also enables nearly unlimited recording of shows on those channels. After signing up for the service online, viewers can get cable on their computers or iPads without the permission of their satellite provider, but only if NimbleTV supports it. NimbleTV has not yet indicated which providers those are. ... Full Story | Top |
Facebook pays Microsoft $550 million for AOL patents
Mon,23 Apr 2012 12:59 PM PDT
Reuters -  SAN FRANCISCO/WASHINGTON (Reuters) - Facebook will pay Microsoft Corp $550 million for hundreds of patents that originated with AOL, beefing up its intellectual property arsenal. The deal gives social network Facebook 650 patents and patent applications and license to another 275 patents and applications. It comes shortly before Facebook is expected to have the largest initial public offering in Silicon Valley history. Patents have become a top priority for technology companies as many of them, including Google Inc and Apple Inc, become embroiled in patent-related lawsuits. ...
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Boss of UK's Sky News reprimanded over email hacking
Mon,23 Apr 2012 10:33 AM PDT
Reuters -  LONDON (Reuters) - The judge presiding over an inquiry into British press standards on Monday rebuked the head of Sky News, the influential news channel of Rupert Murdoch-controlled BSkyB, for breaking the law by hacking into emails to generate a story. Prime Minister David Cameron ordered judge Brian Leveson to examine standards after Murdoch's now-defunct News of the World tabloid admitted hacking thousands of phones to produce ever-more salacious stories. ...
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Facebook pays Microsoft $550 million for AOL patents
Mon,23 Apr 2012 10:30 AM PDT
Reuters -  SAN FRANCISCO (Reuters) - Facebook will pay Microsoft Corp $550 million in cash for hundreds of patents recently sold by AOL, the social networking company's latest move to bulk up its intellectual property in the wake of a lawsuit filed by Yahoo. The deal, shortly before Facebook is expected to have the largest initial public offering in Silicon Valley history, will give the social network 650 patents and patent applications, as well as a license to another 275 patents and applications owned by Microsoft. ...
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Facebook pays Microsoft $550 million for AOL patents
Mon,23 Apr 2012 10:27 AM PDT
Reuters - SAN FRANCISCO (Reuters) - Facebook will pay Microsoft Corp $550 million in cash for hundreds of patents recently sold by AOL, the social networking company's latest move to bulk up its intellectual property in the wake of a lawsuit filed by Yahoo. The deal, shortly before Facebook is expected to have the largest initial public offering in Silicon Valley history, will give the social network 650 patents and patent applications, as well as a license to another 275 patents and applications owned by Microsoft. ... Full Story | Top |
ST-Ericsson revamp pushes STMicro to mobile arm
Mon,23 Apr 2012 10:19 AM PDT
Reuters - (Reuters) - Chip maker ST-Ericsson will cut 1,700 jobs and shift a key part of its product to parent STMicro, forcing the French co-owner to focus more on its loss-making and volatile wireless business. ST-Ericsson said it would partner with STMicro to develop application processors, after failing to cut a deal with one of four other companies. The long-awaited strategic plan did little to convince investors the troubled joint venture was getting back on track and shares of STMicro accelerated losses after the announcement to close down 13.8 percent. ... Full Story | Top |
Investors check out on bland Check Point outlook
Mon,23 Apr 2012 07:33 AM PDT
Reuters -  TEL AVIV (Reuters) - Internet and network security provider Check Point Software Technologies said it expected to meet second-quarter estimates, after reporting a rise in first-quarter net profit that beat forecasts on strong sales of its new products. That conservative outlook pushed down Check Point's shares 8.4 percent to $58.70 in early Nasdaq trade, having hit a year-high of $65 last Thursday. ...
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