Today's Reuters Technology News Headlines - Yahoo! News:
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Intel bankrolls next-gen chipmaking, buys into ASML for $4.1 billion
Mon,9 Jul 2012 06:15 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Intel Corp will spend more than $4 billion to buy up to 15 percent of ASML and bankroll the Dutch company's research into costly next-generation chipmaking technology, a major vote of confidence in the European firm that sent its U.S. shares soaring 6 percent. Intel hopes to speed the adoption of the next generation of chip manufacturing processes from ASML by as much as two years. That will require intensive capital investment, but delivers billions of future savings by cutting chip production costs, analysts said. ...
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New Zealand court delays Megaupload extradition hearing to next year
Mon,9 Jul 2012 06:03 PM PDT
Reuters -  WELLINGTON (Reuters) - A New Zealand court has delayed an extradition hearing for internet tycoon and Megaupload founder Kim Dotcom until March 2013 because of questions about the search and seizure of evidence by the United States where he faces charges of internet piracy and fraud. William Akel, one of Dotcom's lawyers, said on Tuesday a hearing scheduled for August has now been postponed to a tentative date of March 25 because two judicial reviews regarding illegal search warrants and evidence disclosure are still underway. ...
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Intel funds next-gen chipmaking, buys into ASML for $4.1 billion
Mon,9 Jul 2012 04:53 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Intel Corp will spend more than $4 billion to buy a stake in ASML and bankroll its research into costly next-generation chipmaking technology, a major vote of confidence in the Dutch company that sent its U.S. shares soaring 6 percent on Monday. Intel hopes to speed the adoption of the next generation of chip manufacturing processes from ASML by as much as two years. That will require intensive capital investment, but delivers billions of savings in future, analysts said. ...
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Cell phone companies see spike in surveillance requests
Mon,9 Jul 2012 03:48 PM PDT
Reuters -  WASHINGTON (Reuters) - Mobile phone carriers received more than 1.3 million requests last year from U.S. law enforcement agencies for their customers' phone records and the requests are on the rise, according to data gathered as part of a congressional inquiry into cell phone surveillance. Representative Edward Markey released data on Monday from nine wireless carriers revealing the number of requests in 2011 for cell phone records. ...
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RIM marketing boss sees silver lining in BlackBerry delay
Mon,9 Jul 2012 03:41 PM PDT
Reuters -  TORONTO (Reuters) - A delay in the launch of the new generation of BlackBerrys until next year will give retailers more time to focus on the revamped smartphones once they hit store shelves, Research In Motion Ltd's new marketing chief said on Monday. In the latest upbeat salvo in a week-long media blitz from the embattled company, Frank Boulben said the launch delay from late 2012 to early 2013 - after the crucial Christmas shopping season - would not be a death blow to RIM. ...
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Verizon's cable deals make headway but regulatory doubts linger
Mon,9 Jul 2012 02:02 PM PDT
Reuters -  WASHINGTON (Reuters) - The telecoms regulator is prepared to approve Verizon Wireless' plan to buy airwaves from cable companies, according to people with knowledge of the situation, though the company still has to convince the Justice Department that the deal will not lead to higher prices for consumers. Verizon Wireless, the biggest U.S. mobile provider, announced in December plans to buy spectrum from a consortium of cable providers, including Comcast and Time Warner Cable, for about for $3.9 billion. Verizon Wireless is owned by Verizon Communications and Vodafone Group Plc. ...
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Privacy risk from ads in apps rising: security firm
Mon,9 Jul 2012 01:54 PM PDT
Reuters -  (Reuters) - Some advertising networks have been secretly collecting app users personal details over the past year and now have access to millions of smartphones globally, U.S.-based mobile security firm Lookout said. These unregulated practices are on the rise, Lookout said on Monday as it unveiled the first industry guidelines on how application developers and advertisers could avoid raising consumer angst. "Aggressive ad networks are much more prevalent than malicious applications. ...
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Sirius XM raises 2012 growth target on subscriber boost
Mon,9 Jul 2012 11:34 AM PDT
Reuters -  (Reuters) - Sirius XM Radio Inc raised its full-year subscriber and revenue targets, fueled partly by strength in the auto industry, where the satellite radio operator gets most of its customers. Sirius, which competes with free Internet radio services like Pandora Media Inc, raised its full-year subscriber forecast on Monday to about 1.6 million from 1.3 million. Sirius' rosier outlook followed surprisingly strong June U.S. auto sales, reported last week, indicating the industry is on track for its best year since 2007. Sirius, which gets the vast majority of its subscribers through new U.S. ...
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Microsoft to buy display maker Perceptive Pixel
Mon,9 Jul 2012 10:42 AM PDT
Reuters - TORONTO (Reuters) - Microsoft Corp will buy Perceptive Pixel Inc, a six-year-old developer of large touchscreen displays whose customers include cable network CNN, chief executive Steve Ballmer said on Monday. Microsoft also said it plans to launch the latest version of its flagship Windows operating system in October, which Ballmer painted as the most important launch for the Redmond, Washington-based company since Windows 95 almost two decades earlier. "This is an epic year," Ballmer told more than 16,000 business partners at a conference in Toronto. "It's a year of unparalleled opportunity. ... Full Story | Top |
Samsung wins court case against Apple because it's "not as cool"
Mon,9 Jul 2012 09:10 AM PDT
Reuters -  LONDON (Reuters) - Samsung Electronics defeated Apple in the latest spat in the rivals' patent wars when a British judge ruled Samsung's Galaxy tablets did not infringe the U.S. company's designs for the iPad because they were "not as cool". In Monday's High Court judgment Judge Colin Birss said that Samsung's Galaxy tablets belonged to the same family as the Apple design when viewed from the front, but the Samsung products were "very thin, almost insubstantial members of that family with unusual details on the back". ...
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Palo Alto, Kayak set expected IPO price range
Mon,9 Jul 2012 09:05 AM PDT
Reuters - (Reuters) - Software security company Palo Alto Networks and online travel service company Kayak Software Corp set the expected price ranges for their initial public offerings, prodded by a successful debut by IT software company ServiceNow Inc ServiceNow's successful IPO could pave the way for other offerings in an otherwise sluggish global IPO market. The company's shares soared 29 percent in their New York Stock Exchange debut last month, reawakening a market that had caught a chill from the European debt crisis and the aftermath of Facebook Inc's botched trading debut. ... Full Story | Top |
Looking for a ride? App connects drivers and passengers
Mon,9 Jul 2012 07:50 AM PDT
Reuters - TORONTO (Reuters) - Drivers with an empty seat in their car can find people in need of a ride through a new app that connects them with potential passengers nearby. SideCar, an on-demand ride-sharing app, lets users request a ride by indicating where they would like to be picked up and dropped off. The app matches them with nearby drivers - prescreened by the company - who are willing to give rides. "We're trying to set up a situation where people share the burden of transportation with each other," said Blake Wirht, director of marketing for San Francisco-based SideCar. ... Full Story | Top |
As TVs struggle, new Panasonic chief prepares thorough review
Mon,9 Jul 2012 04:53 AM PDT
Reuters -  TOKYO (Reuters) - Panasonic Corp's new president vowed on Monday to implement a sweeping shake-up of the sprawling electronics maker that will see loss-making units shuttered or sold in a bid to revive profitability at the struggling conglomerate. Less than two weeks after shareholders approved him as president, 55-year-old Kazuhiro Tsuga has begun the task of deciding which of Panasonic's 90 business units may be axed. He told reporters in Tokyo that he would have an outline of that plan by the autumn and a detailed roadmap by February. ...
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Nokia shares fall 3 percent, go below 1.50 euros
Mon,9 Jul 2012 02:31 AM PDT
Reuters -  HELSINKI (Reuters) - Shares in Nokia fell over 3 percent on Monday to go below 1.50 euros for the first time since 1996, showing growing investor fears over the Finnish mobile phonemaker's future. The shares were trading at 1.49 euros by 5.25 a.m. EDT. Last month, the company announced a new round of job cuts and warned of weaker profit as it continued to lose market share to rivals including Apple and Samsung. (Reporting by Ritsuko Ando; Editing by Dan Lalor)
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Global tech market growth stabilizing: Gartner
Mon,9 Jul 2012 01:40 AM PDT
Reuters - (Reuters) - Growth in technology spending by companies and the public sector is stabilizing at much lower levels than last year, due to economic worries in many key markets, research firm Gartner said on Monday. "While the challenges facing global economic growth persist ... the outlook has at least stabilized," said Richard Gordon, research vice president at Gartner, noting anxieties linked to the euro zone crisis, weaker U.S. recovery and the slowdown in China. Gartner now expects global IT budgets to rise 3.0 percent this year to $3.6 trillion, instead of a previously forecast 2. ... Full Story | Top |
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