Today's Reuters Technology News Headlines - Yahoo! News:
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As Panasonic TVs flicker, new chief offers tough love
Sun,8 Jul 2012 02:20 PM PDT
Reuters -  TOKYO (Reuters) - In today's world of fast gadgets and fickle consumers, managers at Panasonic Corp, the sprawling, and struggling, Japanese electronics manufacturer, still refer to a 250-year business plan their founder wrote between the two world wars. The 10-generation roadmap exhorted staff to end poverty and make consumer goods as abundant and cheap as tap water - but probably didn't envisage selling millions of TV sets at a loss. Under a new president, 55-year-old Kazuhiro Tsuga, Panasonic is shaping up for a post-TV future, say company executives and industry analysts. ...
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Netflix shares could continue to rise: Barron's
Sun,8 Jul 2012 10:39 AM PDT
Reuters -  (Reuters) - Stock of U.S. provider of television shows and movies Netflix Inc could climb as more consumers stay home and watch videos, according to a report in Barron's. Netflix stock climbed almost 20 percent last week to $81.89, the paper said. The company gained attention after its CEO, Reed Hastings, said Netflix subscribers streamed one billion hours of video in June, a record for the service, the paper said. Netflix qualifies as the most watched channel in either broadcast or cable television in the United States, said analyst Richard Greenfield of BTIG. ...
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Analysis: Microsoft loss reflects Web display ad world's woes
Sun,8 Jul 2012 06:09 AM PDT
Reuters -  SAN FRANCISCO (Reuters) - Microsoft Corp shelled out a record $6.3 billion for aQuantive in 2007 at the height of a race with Google Inc and Yahoo Inc to clinch the top spot in Internet display advertising, betting on what many thought was a red-hot business. The writedown of almost all of that deal's value, announced this week, shows how misguided those expectations were, and how brutal the once-thriving business of selling banner ads on websites has become. The main culprit is an explosion of advertising space offered by Facebook Inc and other websites that is outpacing steady demand. ...
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External device causes smart phone fire: Samsung cites report
Sat,7 Jul 2012 02:45 AM PDT
Reuters -  SEOUL (Reuters) - Samsung Electronics Co on Saturday cited a report by fire investigators as saying an external energy source had caused one of its flagship Galaxy S III smart phones to catch fire in Ireland last month. The world's top smart phone maker said an investigation by Fire Investigations (UK) had stated that the Samsung device was not responsible for the cause of the fire, and that an "external energy source was responsible for generating the heat". The new Galaxy S series, the strongest rival for Apple's iPhone, was launched in Europe in late May and in the United States last month. ...
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Samsung wins bid to sell Nexus in Apple court battle
Fri,6 Jul 2012 07:31 PM PDT
Reuters -  WASHINGTON (Reuters) - Samsung Electronics scored a partial victory against arch-foe Apple Inc on Friday after a U.S. appeals court lifted a freeze on sales of its Galaxy Nexus smartphones but upheld a lower court's decision to temporarily halt sales of its Galaxy 10.1 tablet computer. Apple accused its Asian rival, the leader in global mobile device sales, in lawsuits of blatantly copying its hot-selling iPhones and iPads. ...
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Verizon dismisses patent from TiVo suit
Fri,6 Jul 2012 03:04 PM PDT
Reuters - NEW YORK (Reuters) - Verizon Communications has dismissed a patent from its case against TiVo Inc, leaving the telephone company with only patent claim against the digital video recorder developer. "The filing today doesn't affect the substance of Verizon's case or our likelihood of success. These were simply procedural steps," Verizon spokesman Ed McFadden said. The company had originally filed six patent claims against TiVo related to video-recording technology. TiVo declined to comment. ... Full Story | Top |
Facebook, Yahoo tie up, settle lawsuits
Fri,6 Jul 2012 02:36 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Facebook Inc and Yahoo Inc agreed to forge a broad Internet advertising and licensing partnership on Friday, laying to rest their dueling patent lawsuits. The pact settles accusations of technology patent infringement that began under the stewardship of ex-Yahoo CEO Scott Thompson, ousted after a scandal erupted over inaccuracies in his resume. Sources tell Reuters interim CEO Ross Levinsohn is now the front runner for the top job. ...
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Levinsohn likely next Yahoo CEO, Hulu's Kilar drops out
Fri,6 Jul 2012 12:00 PM PDT
Reuters -  (Reuters) - The race to become Yahoo Inc's next chief executive appeared to have narrowed down to just interim CEO Ross Levinsohn after Hulu said its CEO Jason Kilar had pulled out of the running. Hulu said Kilar had "graciously declined" to be considered for the top job at one of Silicon Valley's best known Internet names. According to two sources with knowledge of the situation, Levinsohn and Kilar were the last names left on the Yahoo board's shortlist for permanent CEO of the company. ...
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Media,tech deals may make comeback at Sun Valley
Fri,6 Jul 2012 11:25 AM PDT
Reuters - (Reuters) - A fresh sense of dealmaking excitement should permeate Idaho's mountain air next week when media and technology moguls descend on remote Sun Valley for their annual conference, which in recent years has been as sleepy as the town for which it is named. The latest moves made by News Corp, Vivendi and Liberty Media signal a shifting landscape of opportunities for snatching up assets as media companies navigate new entertainment platforms, a soft economy, turmoil in Europe, and the upcoming U.S. presidential election. ... Full Story | Top |
Acme Packet says weak telecom spending to hit results
Fri,6 Jul 2012 10:33 AM PDT
Reuters - (Reuters) - Shares of Acme Packet Inc slid as much as 16 percent to their lowest in two years on Friday amid a broad selloff in the technology sector after the network gear maker forecast quarterly results that fell far short of expectations. Rival Riverbed Technology Inc fell as much as 9 percent, while Juniper Networks Inc dropped as much as 4 percent. Acme, whose customers include AT&T Inc , Verizon Communications Inc and Sprint Nextel Inc , said it continued to experience weakness in its North American business. ... Full Story | Top |
Vivendi tests appetite for Activision: sources
Fri,6 Jul 2012 10:29 AM PDT
Reuters - LONDON (Reuters) - Vivendi, the French media-to-telecoms conglomerate, has started testing the appetite of possible bidders for its video game business Activision Blizzard, five sources close the situation said on Friday. The group, whose chief executive Jean-Bernard Levy stepped down last month, is anxious to prove that it is taking action to address concerns over its huge debt burden and flagging share price [ID:nL6E8HS8LO]. Ratings agency Standard & Poor's placed it under negative credit watch on Wednesday because of the uncertainty over its future direction. ... Full Story | Top |
Judge approves Netflix privacy settlement
Fri,6 Jul 2012 07:14 AM PDT
Reuters - (Reuters) - A federal judge has granted preliminary approval to Netflix Inc's $9 million settlement of class-action litigation accusing the video rental company of violating consumer privacy laws. U.S. District Judge Edward Davila in San Jose, California, said the accord reached in February "compares favorably" to recent settlements of other consumer privacy cases, including with Google Inc and Facebook Inc. The judge also certified a nationwide class of current and former Netflix subscribers estimated in the tens of millions, according to his order issued late Thursday. ... Full Story | Top |
Sandvine posts wider-than-expected loss
Fri,6 Jul 2012 04:44 AM PDT
Reuters - (Reuters) - Canadian network equipment maker Sandvine Corp posted a wider-than-expected quarterly loss as revenue fell 24 percent. Second-quarter net loss was $4.2 million, or 3 cents per share, compared with a net income of $1.7 million, or 1.2 cents per share, a year earlier. Revenue fell to $18.6 million from $24.5 million. Analysts had expected a loss of 2 cents per share on revenue of $18.8 million, according to Thomson Reuters I/B/E/S. ... Full Story | Top |
Samsung's Galaxy powers record $5.9 billion profit; euro a worry
Fri,6 Jul 2012 04:37 AM PDT
Reuters -  SEOUL (Reuters) - Soaring sales of the Galaxy smartphone drove record quarterly profit of $5.9 billion at Samsung Electronics, though the South Korean tech giant is sweating over how Europe's debt crisis is denting demand in its biggest market for televisions and home appliances. The flagship Galaxy smartphones are likely to have stretched their lead over rivals Apple and Nokia - despite a parts shortage that meant it struggled to keep up with stronger-than-expected demand for its latest S III model. ...
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HTC profit lags forecasts, faces challenges in third quarter
Fri,6 Jul 2012 03:11 AM PDT
Reuters -  TAIPEI (Reuters) - Taiwan smartphone maker HTC Corp saw profit more than halve in the second quarter after European sales disappointed and phones destined for the U.S. market were held up by customs inspections. The profit fall came on the same day that archrival Samsung Electronics posted record second-quarter earnings, driven by runaway sales of its Galaxy smartphone [ID:nL3E8I54F4], indicating the size of the challenge facing HTC as it looks to recover market share. HTC is betting on its new One series of phones to regain market share lost to Samsung and Apple Inc . ...
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