Today's Reuters Technology News Headlines - Yahoo! News:
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Apple blames rare miss on new iPhone anticipation, economy
Tue,24 Jul 2012 05:25 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Apple Inc's results fell short of Wall Street's expectations as the European economy sagged and consumers held off on buying its flagship iPhone ahead of a new version expected in the fall, hitting its stock price. Shares of the world's most valuable technology company shed more than 5 percent of their value after Apple - which beats Wall Street lofty expectations with near regularity - reported its second quarterly miss on results in less than a year. The shares slid to $570.81 in late trade. They closed at $600.92 on the Nasdaq. ...
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Apple blames quarterly miss on new model anticipation, economy
Tue,24 Jul 2012 04:56 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Apple Inc's results fell short of Wall Street's expectations as the European economy sagged and consumers held off on buying its flagship iPhone ahead of a new version expected in the fall, hitting its stock price. Shares of the world's most valuable technology company shed more than 5 percent of their value after Apple - which beats Wall Street expectations with near regularity - reported its second quarterly miss on results in less than a year. The stock slid to $570.81 in late trade after closing at $600.92 on the Nasdaq. ...
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EU warms to Google antitrust concessions
Tue,24 Jul 2012 04:27 PM PDT
Reuters -  BRUSSELS (Reuters) - Google took a significant step toward resolving its antitrust problems in the EU after regulators warmed to new concessions offered to settle an investigation into alleged anti-competitive behaviour and avert a possible fine. The European Commission said on Tuesday that there was a "level of good understanding" with the world's most popular search engine regarding its latest proposals that would form the basis of discussions before the Commission makes a final decision whether to accept them. ...
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Instant View: Apple's iPhone sales miss, Netflix's shaky outlook unnerve Street
Tue,24 Jul 2012 01:51 PM PDT
Reuters - SAN FRANCISCO (Reuters) - Apple Inc missed Wall Street expectations on sales of its flagship iPhone, as consumers held off on purchases in anticipation of a new version of the smartphone in the fall. It shares slid 5 percent. Netflix Inc gained a net 530,000 domestic subscribers in its second quarter, after CEO Reed Hastings said its users had streamed more than 1 billion hours of movies and TV shows in June, a record for the video streaming service. Commentary Apple: CHANNING SMITH, CO-MANAGER, CAPITAL ADVISORS GROWTH FUND "Clearly it was a disappointment. ... Full Story | Top |
Apple claims $2.5 billion damages in Samsung patent case
Tue,24 Jul 2012 11:49 AM PDT
Reuters -  (Reuters) - Apple Inc claims it is entitled to $2.525 billion of damages in its high-stakes battle against Samsung Electronics Co over patents for technology used in smartphones and tablets, such as the iPhone and iPad. The estimate was revealed in a court filing early Tuesday, six days before the world's largest consumer electronics companies are scheduled on July 30 to begin a jury trial before U.S. District Judge Lucy Koh in San Jose, California. ...
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Ofcom unveils 4G auction to kick start high-speed mobile
Tue,24 Jul 2012 08:59 AM PDT
Reuters -  LONDON (Reuters) - Telecoms regulator Ofcom said on Tuesday that the auction of spectrum for 4G services would get under way by the end of the year, laying the path for high-speed mobile Internet to be rolled out in 2013. The plans should see the high-speed connections needed for video, interactive gaming and downloading films and music, reach at least 98 percent of the population, the regulator said. Britain needs more spectrum for mobile services to provide data capacity more cost efficiently, analysts said, and to avoid falling further behind countries that have 4G up and running. ...
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SAP keeps outlook as new services accelerate
Tue,24 Jul 2012 06:57 AM PDT
Reuters -  FRANKFURT (Reuters) - SAP kept its full-year outlook and said on Tuesday it continued to draw clients to its new cloud-based services in an uncertain economic environment, with all its regions posting revenue growth in the second quarter. SAP, which reported key figures on July 12, said it still expected 2012 operating profit to rise to between 5.05 billion euros ($6.1 billion) and 5.25 billion at constant currencies. It also expects cloud computing firm SuccessFactors, which it bought for $3. ...
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London ready to fight off Olympic hack attacks
Tue,24 Jul 2012 05:57 AM PDT
Reuters - LONDON (Reuters) - Usain Bolt and Yohan Blake, the fastest men in the world, storm over the line together in the 100-metres final of the London Olympics - a photo finish. As they eagerly look up for the result, a political message from a rogue hacking group fills the screen as the world looks on in disbelief. While unlikely, the task of ensuring the unthinkable does not happen falls to the Games' IT services provider Atos. ... Full Story | Top |
Exclusive: Apple, Samsung chiefs disagree on patent values: source
Tue,24 Jul 2012 05:36 AM PDT
Reuters -  SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook and top Samsung Electronic Co Ltd executives disagreed last week on the value of each other's patents at a settlement conference ahead of a high profile U.S. trial, according to a source familiar with the matter. Apple and Samsung, the world's largest consumer electronics corporations, are waging legal war in several countries, accusing each other of patent violations as they vie for supremacy in the fast-growing market for mobile devices. The trial is scheduled to begin July 30 in a San Jose, Calif. federal court. ...
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Bezeq launches public WiFi access free to customers
Tue,24 Jul 2012 05:34 AM PDT
Reuters - TEL AVIV (Reuters) - Bezeq Israel Telecom has launched Israel's first free public WiFi service as the country's largest telecoms group seeks to maintain its leadership amid increasing competition. Customers agreeing to securely share a small part of their home Internet bandwidth will have free WiFi access when using smartphones, tablets and laptops at potentially hundreds of thousands of hot spots across the country. ... Full Story | Top |
Corning, Samsung to build $600 million LCD glass plant in China
Tue,24 Jul 2012 05:25 AM PDT
Reuters - (Reuters) - Corning Inc and Samsung Electronic Co Ltd signed a memorandum of understanding with the Wuxi New District government in China to jointly build a $600 million facility to make TFT-LCD glass used in laptops and LCD monitors. Another equity venture of Samsung and Corning, Samsung Corning Precision Materials Co Ltd, will be idling some of its LCD glass manufacturing capacity in Korea and shift some capacity to the new facility in China. ... Full Story | Top |
UK to rule in October on Pentagon hacker U.S. extradition
Tue,24 Jul 2012 05:13 AM PDT
Reuters -  LONDON (Reuters) - A British computer hacker accused by the United States of breaking into top secret military and space agency networks will learn the result of his six-year fight against extradition within three months, a court heard on Tuesday. Gary McKinnon faces up to 60 years in jail if convicted in American courts for what one U.S. prosecutor has described as the "biggest military computer hack of all time". U.S. officials say he knocked out hundreds of military computers in the months after the September 11, 2001 attacks, undermining security and causing damage worth nearly $1 million. ...
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Chipmaker Altera, U.S. IRS fight in cross-border tax case
Tue,24 Jul 2012 03:01 AM PDT
Reuters - WASHINGTON (Reuters) - Altera Corp and the Internal Revenue Service are battling in U.S. Tax Court over the semiconductor maker's handling of employee stock-based compensation and a unit in the low-tax Cayman Islands. The dispute centers on "transfer pricing," or how multinational companies allocate assets and money globally with the goal of reducing their tax bills. Other tech companies will be watching the Altera case, lawyers said. ... Full Story | Top |
EU suspects 13 optical disk drive firms of cartel
Tue,24 Jul 2012 02:59 AM PDT
Reuters - BRUSSELS (Reuters) - EU antitrust regulators told 13 optical disk drive producers on Tuesday that they may have breached EU rules by rigging bids over a five-year period as part of a worldwide cartel that may lead to fines for the companies involved. The European Commission said it had sent statements of objections or charge sheets to the companies, which it did not name in line with its usual policy. ... Full Story | Top |
Cisco wins EU approval for $5 billion NDS acquisition
Tue,24 Jul 2012 02:04 AM PDT
Reuters -  BRUSSELS (Reuters) - U.S. network equipment maker Cisco won unconditional EU regulatory approval on Tuesday for its $5 billion takeover of TV software developer NDS, its largest ever, which will reinforce its presence in the video communications market. NDS, which is 51 percent-owned by private equity fund Permira and 49 percent by News Corp , makes software that allows cable and satellite TV companies to deliver encrypted content through televisions and other devices. ...
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