Today's Reuters Technology News Headlines - Yahoo! News:
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Apple gears up for September 12 event, stokes iPhone talk
Mon,30 Jul 2012 07:49 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Apple Inc is gearing up to unveil a new product at a major September 12 event, a source familiar with the plan said, presaging the long-awaited launch of the redesigned iPhone. The world's most valuable technology company typically takes the wraps off its latest smartphones around the fall, allowing the gadget to hit store shelves in time for the peak holiday shopping season. ...
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Jury selected in Apple, Samsung patent trial
Mon,30 Jul 2012 07:39 PM PDT
Reuters -  SAN JOSE, California (Reuters) - An insurance agent, an unemployed video game enthusiast and a project manager for wireless carrier AT&T were among the 10 jurors selected to decide a high-stakes U.S. patent battle between Apple Inc and Samsung Electronics Co Ltd, with billions of dollars in the balance. U.S. District Judge Lucy Koh on Monday spent several hours examining jurors about their backgrounds and biases, as the companies began the trial after more than a year of pretrial jousting. Opening statements by the lawyers are expected to begin on Tuesday. ...
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Olympics fans find ways to circumvent NBC's online control
Mon,30 Jul 2012 06:08 PM PDT
Reuters -  NEW YORK (Reuters) - It took Jason Legate, a Walnut Creek, California-resident, all of 10 minutes to connect his computer to a London-based server and access BBC's coverage of the Olympics Saturday, thereby circumventing NBC's lock on coverage in the United States. The 31-year-old system administrator said he has watched at least 12 hours of live BBC coverage (his favorite sport so far - judo) since he set up a virtual private network (VPN) connection to send all his Internet traffic to a server in London. ...
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Twitter suspends reporter's account for NBC tweet
Mon,30 Jul 2012 05:42 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Twitter Inc and NBC Universal's move to suppress a British reporter's tweets related to the network's Olympics coverage may have backfired after the incident became fodder for Twitter chatter around the world on Monday. The microblogging service suspended Guy Adams, the Los Angeles correspondent for London-based daily The Independent, after he sent a tweet on Friday revealing NBC Olympics President Gary Zenkel's email address. ...
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Cemex to outsource jobs in biggest Mexican deal for IBM
Mon,30 Jul 2012 05:17 PM PDT
Reuters -  MEXICO CITY (Reuters) - Mexico's top cement maker Cemex is outsourcing jobs worldwide to IBM in a deal that will help it save $1 billion over 10 years, the latest bid by the company to trim costs and boost its financial health. Cemex, which was swamped by the collapse of the U.S. housing market after paying out some $16 billion to buy Australian peer Rinker, has been working its way out of a deep debt hole for the past three years. ...
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Apple, Samsung patent trial starts with jury selection
Mon,30 Jul 2012 03:28 PM PDT
Reuters -  SAN JOSE, California (Reuters) - A Google employee, at least five patent owners and plenty of iPhone and iPad consumers were among the potential jurors summoned to court on Monday in a high-stakes U.S. patent battle between Apple Inc and Samsung Electronics Co Ltd. U.S. District Judge Lucy Koh spent several hours examining jurors about their backgrounds and biases, as the companies began the trial after more than a year of pretrial jousting, with billions of dollars in the balance. ...
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Interim Yahoo CEO Ross Levinsohn leaves company
Mon,30 Jul 2012 03:22 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Ross Levinsohn is leaving Yahoo, two weeks after the company announced he lost out on the top job to Google executive Marissa Mayer, the company said in a filing. Levinsohn will leave the company effective Tuesday, July 31. He will go with the severance payments outlined in his 2010 offer letter and 2011 severance agreement, plus an equity award of 67,000 restricted stock units and 250,000 stock options. The options have an exercise price of $15.80, the closing per share price of Yahoo stock on Friday, giving them a current value of just over $5 million. ...
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Seagate forecasts weak first-quarter on slowing PC sales
Mon,30 Jul 2012 03:09 PM PDT
Reuters - (Reuters) - Hard drive maker Seagate Technology Plc projected first-quarter revenue below estimates on slowing PC sales and lower-than-expected growth in the company's enterprise segment. Seagate said it expects first-quarter sales of about $4 billion, less than the $4.62 billion expected by analysts, according to Thomson Reuters I/B/E/S. Chief Executive Steve Luczo on a conference call with analysts cited slowing economic growth and shaky sales of personal computers as consumers shift toward tablets and smartphones for the slowing sales growth. ... Full Story | Top |
RealD results miss estimates, shares slip
Mon,30 Jul 2012 01:55 PM PDT
Reuters - (Reuters) - RealD Inc, a licensor of 3D technologies, reported a lower-than-expected quarterly results on lower profit from 3D eyewear. Shares of the company were down 20 percent in after-market trade. They had closed at $12.60 on Monday on the New York Stock Exchange. The company's net income attributable to common stockholders fell to $3 million, or 5 cents per share, in the first quarter, from $9.5 million, or 17 cents per share, a year earlier. The company said profit fell on a $5. ... Full Story | Top |
Cirrus Logic's quarterly revenue rises
Mon,30 Jul 2012 01:25 PM PDT
Reuters - (Reuters) - Cirrus Logic Inc reported a rise in quarterly revenue helped by an increase in sales of its audio products. Net income for the first quarter fell to $7 million, or 10 cents per share, compared with $9.2 million, or 13 cents per share, a year earlier. Excluding items, it earned 22 cents per share. Revenue at the company rose 7 percent to $99 million. The company also said it will sell assets associated with its Apex Precision Power business in Tucson, Arizona for $26 million. (Reporting by Neha Alawadhi in Bangalore; Editing by Roshni Menon) Full Story | Top |
PMC-Sierra second-quarter beats expectations
Mon,30 Jul 2012 12:32 PM PDT
Reuters - (Reuters) - Chipmaker PMC-Sierra Inc's second-quarter results came in slightly above estimates, even as revenue fell due to slowing sales to its storage customers. The company, which makes chips used for networking servers in data centers, posted a profit of $26.5 million, or 12 cents per share, compared with $16.7 million or 7 cents per share, a year earlier. The second quarter results were boosted by a tax credit of $28.5 million. Excluding one-time items, the company earned a profit of 9 cents per share, above the 8 cents per share expected by analysts, according to Thomson Reuters I/B/E/S. ... Full Story | Top |
NY comptroller says MTA sided with Apple for Grand Central Store
Mon,30 Jul 2012 12:11 PM PDT
Reuters -  NEW YORK (Reuters) - New York's Metropolitan Transportation Authority gave Apple Inc an inside advantage landing a lease for the technology company's store in Grand Central Terminal, according to an audit New York State Comptroller Thomas DiNapoli released Monday. The MTA for more than a year worked behind the scenes exclusively with Apple on the lease before issuing a request for proposals, the state comptroller's office said, citing its auditor's' report. That resulted in only one response, and that was from Apple, the state comptroller's office said. ...
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Apps for 2012 Summer Olympic Games abound
Mon,30 Jul 2012 11:16 AM PDT
Reuters - TORONTO (Reuters) - Whether it is a live video stream of the 100-meter dash, on-demand replays of diving, or notifications when the national team wins a medal, the mobile app is likely to play a greater role in the 2012 London Olympic Games. Nearly 30 percent of 1,330 people questioned in an online survey said they would watch the games on their smartphones, and 31 percent planned to view it on their tablets, according to TechBargains, a California-based deal aggregation website for electronic products, which conducted the poll. There are no shortage of apps available. ... Full Story | Top |
Twitter suspends reporter's account for NBC email address tweet
Mon,30 Jul 2012 10:46 AM PDT
Reuters - SAN FRANCISCO (Reuters) - Twitter Inc has suspended a British reporter's account after he sent a tweet revealing NBC Olympics President Gary Zenkel's email address. The microblogging service said Guy Adams, the Los Angeles correspondent for London-based daily The Independent, violated "Twitter Rules" by posting another user's private information such as "private email address, physical address, telephone number, or financial documents. ... Full Story | Top |
Oracle to buy software maker Xsigo
Mon,30 Jul 2012 06:46 AM PDT
Reuters -  (Reuters) - Software maker Oracle Corp said it would buy privately held Xsigo Systems, a network virtualization software maker. San Jose, California-based Xsigo's software helps customers save costs by allowing them to connect any server to any network. The eight-year-old company, backed by Kleiner Perkins and Khosla Ventures, counts British Telecom Plc , eBay Inc and Verizon Communication Inc among its customers. ...
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