Today's Reuters Technology News Headlines - Yahoo! News:
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Canadian Solar CEO: could build 700-MW factory in China
Tue,10 Jul 2012 05:54 PM PDT
Reuters - SAN FRANCISCO (Reuters) - Canadian Solar Inc is expected to decide within months whether to build a factory that could produce 700 megawatts per year of new, more efficient solar cells, the firm's head said on Tuesday, with any facility likely to be in China. Chief Executive Shawn Qu said at a conference in San Francisco that there was a good chance the company, which already carries out most of its production in China, would take the step despite oversupply in the solar equipment market. He declined to comment on the potential cost. ... Full Story | Top |
CEO vows to turn RIM into "lean, mean machine"
Tue,10 Jul 2012 05:09 PM PDT
Reuters -  WATERLOO, Ontario (Reuters) - Research In Motion Ltd's new CEO vowed on Tuesday to turn around the embattled company with the new generation of BlackBerry devices coming next year, saying he would transform RIM into a "lean, mean, hunting machine." But Thorsten Heins, presiding over his first annual meeting since taking the helm, offered little to disgruntled shareholders beyond his faith in the power of the BlackBerry 10 line to reverse RIM's fortunes. Its battered stock fell another 5 percent after he spoke. ...
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Oracle continues to add social media muscle with Involver deal
Tue,10 Jul 2012 04:54 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Oracle Corp said Tuesday it had acquired social marketing firm Involver, notching the third deal in as many months in a red-hot area for enterprise software makers. Terms of the deal were not disclosed. San Francisco-based Involver, founded in 2007, provides tools for developers to create advertising campaigns on social media networks such as Facebook. "Companies are looking to harness the full potential of social media to increase brand loyalty, connect with potential customers and anticipate buyers' needs," Oracle said in a statement. Oracle, the world's No. ...
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Canadian Solar CEO sees new 700-MW factory as likely
Tue,10 Jul 2012 04:19 PM PDT
Reuters - SAN FRANCISCO (Reuters) - Canadian Solar Inc Chief Executive Shawn Qu said on Tuesday he expected to make a decision soon on whether to build a new factory that could produce 700 megawatts per year of new, more efficient solar cells. The solar equipment market has been oversupplied for some time, and Qu said at the Intersolar conference in San Francisco that making the decision was tough at the moment. But he added: "I think there's a good chance we will make this move." Asked about the location, he told Reuters it was likely to be in China, and that a decision could be made within months. ... Full Story | Top |
Analysis: Tech Inc's invincible aura fades
Tue,10 Jul 2012 02:28 PM PDT
Reuters -  BOSTON (Reuters) - Hopes are evaporating that top technology companies will offer a safe harbor this year from the economic storms swirling across Europe, Asia and the United States. Investors should brace for some of the biggest names in software and hardware -- from Microsoft Corp and IBM to Intel Corp -- to disappoint when Big Tech begins reporting numbers next week, analysts said. The trio's shares are all in the red for July, in the wake of earnings warnings over the past week from smaller peers, including Advanced Micro Devices Inc, Applied Materials Inc and Informatica Corp. ...
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New app rescues people from bad dates
Tue,10 Jul 2012 02:16 PM PDT
Reuters - NEW YORK (Reuters) - Most people have been there, trapped on an awkward date that is going nowhere. But relief could be on the way with a new app that provides an incoming rescue call. The Bad Date Rescue app, which was launched by the dating website eHarmony.com this week, lets users arrange for a call to appear on their iPhone to graciously allow them to bow out if a date isn't going well. "There are all sorts of reasons for why people would want to get out of a date," said Arvind Mishra, director of product management at eHarmony. ... Full Story | Top |
RIM strategic review focused on BlackBerry strengths
Tue,10 Jul 2012 01:22 PM PDT
Reuters - WATERLOO, Ontario (Reuters) - Research In Motion Ltd's strategic review is focused on turning around the BlackBerry maker with a streamlined product portfolio focused on the company's strengths, Chief Executive Thorsten Heins said on Tuesday. He acknowledged that RIM will likely suffer lower average selling prices and declining service revenue this year as it pushes to sell legacy BlackBerry 7 devices that have struggled to compete with flashier iPhones from Apple Inc and Android devices using Google Inc's software. (Reporting by Alastair Sharp; Editing by Peter Galloway) Full Story | Top |
Applied Materials cuts outlook as chipmakers curtail orders
Tue,10 Jul 2012 01:18 PM PDT
Reuters - (Reuters) - Top chip gear maker Applied Materials Inc slashed its full year targets due to a sudden drop in orders in its biggest market towards the end of the current quarter, underscoring fears of a downturn in global technology spending. The company, which generates over half of its total revenue from its Silicon Systems Group business - the unit that caters to chipmakers and foundries - was hit by an extraordinary cutback in orders amid weak spending and floundering PC sales. ... Full Story | Top |
After Farmville success, Zynga not ready to plunge into mobile
Tue,10 Jul 2012 12:18 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Zynga Inc CEO Mark Pincus said Tuesday he remains wary of investing as heavily in mobile games as he has in proven Web-based titles like FarmVille despite an industrywide push toward catering to mobile devices. Game industry observers in recent months have stressed that developers must adapt as Internet users worldwide shift toward spending time on smartphones and tablets rather than desktop computers. ...
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ASML wins funds for chip technology from Intel
Tue,10 Jul 2012 12:11 PM PDT
Reuters -  SAN FRANCISCO/AMSTERDAM (Reuters) - ASML, the world's top chip equipment maker, signed up Intel Corp to bankroll its research into costly next-generation chipmaking technology, and aims to reach similar deals with TSMC and Samsung Electronics. ASML's chief executive said on Tuesday the Dutch firm had asked its three biggest customers - Intel, TSMC, and Samsung Electronics - to help fund its R&D in exchange for up to 25 percent of its shares. Following Intel's decision, it expects to announce more customer investments in the coming weeks. ASML shares rose 10 percent on the news. ...
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Google to pay $22.5 million to settle privacy charges: source
Tue,10 Jul 2012 10:58 AM PDT
Reuters -  (Reuters) - Google Inc is close to settling charges that it bypassed the privacy settings of customers using Apple Inc's Safari browser, according to two sources familiar with the matter. Google will pay $22.5 million to settle the matter, said one of the sources, who spoke privately to protect relationships. The fine would be the largest penalty ever levied on a single company by the U.S. Federal Trade Commission, according to the Wall Street Journal which reported the potential settlement late on Monday. ...
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European ruling on Google privacy policy set for September
Tue,10 Jul 2012 08:30 AM PDT
Reuters - PARIS (Reuters) - France's data protection watchdog said it will likely wrap up the inquiry of Google's new privacy policy, which it is conducting on behalf of European regulators, in September. France's Commission Nationale de l'Informatique (CNIL) had expected to decide in June whether Google's new approach to privacy that took effect in March conforms with European law, but the process has been slowed as the company provided more information to the regulator. ... Full Story | Top |
AMD slides as weak Europe, China prompts outlook cut
Tue,10 Jul 2012 07:08 AM PDT
Reuters - (Reuters) - Shares of Advanced Micro Devices Inc fell as much as 9 percent in early trading after the chipmaker slashed its sales outlook, prompting a slew of brokerages to cut their price targets on the stock. AMD and other chipmakers are grappling with slowing demand, as consumers shift to mobile devices and economic growth weakens in Europe and emerging markets. Chip gear maker Applied Materials Inc also cut its full-year sales outlook on Tuesday morning, sending its shares down 6 percent on the Nasdaq. ... Full Story | Top |
RIM to sell corporate jet as part of cost cuts: report
Tue,10 Jul 2012 05:57 AM PDT
Reuters - (Reuters) - Research In Motion Ltd will sell one of its two corporate jets as part of an effort by the embattled smartphone maker to save $1 billion in annual costs throughout its operations, a report said on Tuesday. The BlackBerry maker has put its nine-passenger jet up for sale, looking to fetch some $6 million to $7 million, Bloomberg News reported, citing unidentified sources with knowledge of the matter. RIM will hold on to its 14-passenger jet. A company spokesperson was not immediately available to comment on the story. ... Full Story | Top |
Huawei eyes deals with Etisalat, Saudi Telecom
Tue,10 Jul 2012 02:57 AM PDT
Reuters -  DUBAI (Reuters) - China's Huawei Technologies is in talks with Gulf telcos Etisalat and Saudi Telecom to manage their fixed-line networks, an executive said, potentially cementing its leadership of a $1 billion regional industry. Huawei, the world's No.2 telecom gear maker, is in similar negotiations with several other Middle East operators, the executive said in emailed comments, but declined to name them, citing confidentiality agreements. ...
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