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Sunday, August 5, 2012 8:30 PM PDT

Today's Reuters Technology News Headlines - Yahoo! News: Samsung Electronics shares rise more than 4 pct New games, cost cuts may push Activision shares up 50 percent: Barron's China calls in U.S. diplomat over South China Sea ASML says TSMC joins Intel to invest in latest chip kit Saudi's Mobily awards IBM $280 million IT outsourcing contract Google should pay $750 a book, say authors in copyright case Apple's Jobs was open to making smaller iPad: executive Electronic Arts sues Zynga, says it copied "Sims" game Tech start-ups: the last refuge of Spanish optimism Reuters blogging platform hacked, false Syria blog posted Analysis: Why Twitter apologized over NBC Olympics flap Hopes dim for Sharp amid Japan's TV industry sunset Synopsys to buy Springsoft for $406 million Smartphone maker HTC sees third-quarter revenue drop, only China to grow Samsung to unveil new Galaxy Note in late August Samsung Electronics shares rise more than 4 pct Sun,5 Aug 2012 05:52 PM PDT Reuters - SEOUL (Reuters) - Shares in Samsung Electronics rebounded on Monday, rising more than 4 percent in a market lifted by stronger-than-expected U.S. jobs data and optimism about further easing by the European Central Bank. (Reporting by Hyunjoo Jin; Editing by Chris Gallagher) Full Story Top New games, cost cuts may push Activision shares up 50 percent: Barron's Sun,5 Aug 2012 10:22 AM PDT Reuters - NEW YORK (Reuters) - Videogame maker Activision Blizzard may see its share price rise significantly, helped by the impending release of a new game and a recent business partnership in China, financial newsweekly Barron's reported in its August 6 edition. Activision shares, which are down about 10 percent this year and are currently trading at about $11.25, could rise as much as 50 percent due to new products and improved cost-cutting, with one analyst at BMO Capital Markets predicting the stock to hit $17, Barron's said. ... Full Story Top China calls in U.S. diplomat over South China Sea Sun,5 Aug 2012 08:24 AM PDT Reuters - BEIJING (Reuters) - China's Foreign Ministry has called in a senior U.S. diplomat to protest against remarks by the U.S. State Department raising concerns over tensions in the contested South China Sea, further intensifying an already fraught territorial dispute. In a statement released late on Saturday, China's Foreign Ministry said Assistant Foreign Minister Zhang Kunsheng summoned the U.S. Embassy's Deputy Chief of Mission Robert Wang to make "serious representations" about the issue. ... Full Story Top ASML says TSMC joins Intel to invest in latest chip kit Sun,5 Aug 2012 07:27 AM PDT Reuters - AMSTERDAM (Reuters) - ASML, the global chip equipment maker, has signed up TSMC to further bankroll its research and development into costly next-generation chip-making kit to make micro chips smaller, smarter and cheaper, the Dutch firm said on Sunday. Last month, ASML's chief executive Eric Meurice said he had asked its three biggest customers - Intel Corp., TSMC, and Samsung Electronics - to help fund its costly R&D and invest in up to 25 percent of its shares. ... Full Story Top Saudi's Mobily awards IBM $280 million IT outsourcing contract Sun,5 Aug 2012 06:55 AM PDT Reuters - RIYADH (Reuters) - Saudi telco Etihad Etisalat (Mobily) has awarded IBM a five-year contract worth 1.05 billion riyals ($280 million) to outsource its information technology operations, it said in a bourse statement on Sunday. The contract will be self-financed and will lead to improvements in Mobily's products as well as making the company more flexible, it said without further elaboration. Mobily, which has a market value of $12.3 billion and is the No. 2 operator in Saudi Arabia, reported a 22-percent rise in second-quarter profit to 1. ... Full Story Top Google should pay $750 a book, say authors in copyright case Fri,3 Aug 2012 04:21 PM PDT Reuters - NEW YORK (Reuters) - Authors suing Google over the digitization of their books have asked a New York court to order the Internet company to pay $750 for each book it copied, distributed or displayed. The authors' filing was lodged in federal court in the Southern District of New York last month, but was only made public on Friday. In the filing, the Authors Guild, whose president is novelist-lawyer Scott Thurow, urged the court to rule that Google's digitization project does not constitute "fair use" under copyright law. ... Full Story Top Apple's Jobs was open to making smaller iPad: executive Fri,3 Aug 2012 03:53 PM PDT Reuters - SAN JOSE, California (Reuters) - Steve Jobs was receptive to Apple Inc making a smaller tablet, a senior executive said in a 2011 email revealed on Friday, fanning speculation that Apple plans to make a mini-iPad and take on Google and Amazon products. Vice President Eddy Cue urged then-chief operating officer Tim Cook in January 2011 to build a 7-inch tablet, according to an email from Cue that Samsung Electronics introduced as evidence in a U.S. patent trial. ... Full Story Top Electronic Arts sues Zynga, says it copied "Sims" game Fri,3 Aug 2012 03:33 PM PDT Reuters - SAN FRANCISCO (Reuters) - Video game publisher Electronic Arts Inc sued Zynga Inc on Friday, accusing the social gaming company of copying key elements of EA's "The Sims Social" game for Zynga's own title, "The Ville." EA's lawsuit is the latest in a series of copycat accusations leveled against Zynga, a company that has shrugged off similar litigation in the past as it grew into the dominant publisher of games on Facebook. ... Full Story Top Tech start-ups: the last refuge of Spanish optimism Fri,3 Aug 2012 03:11 PM PDT Reuters - MADRID (Reuters) - Half of Spain's youth are unemployed, and yet at the Wayra business start-up project on Madrid's majestic Gran Via avenue, young people buzz around an office chatting animatedly, typing furiously and holding up trails of wire and computer parts. These are Spain's technology entrepreneurs, and they're positive about the future - even as Prime Minister Mariano Rajoy tries to avert a full international rescue for a country beset by recession, a property market collapse and a banking crisis. ... Full Story Top Reuters blogging platform hacked, false Syria blog posted Fri,3 Aug 2012 12:45 PM PDT Reuters - (Reuters) - Thomson Reuters said the blogging platform of the Reuters News website was compromised on Friday and a false posting purporting to carry an interview with a Syrian rebel leader was illegally posted on a Reuters' journalist's blog. "Reuters.com was a target of a hack on Friday," the company said in a statement. "Our blogging platform was compromised and fabricated blog posts were falsely attributed to several Reuters journalists." One of the false posts purported to be an interview with Riad al-Asaad, the head of the Free Syrian Army. ... Full Story Top Analysis: Why Twitter apologized over NBC Olympics flap Fri,3 Aug 2012 12:34 PM PDT Reuters - NEW YORK (Reuters) - The microblogging site Twitter has been so abuzz about NBC's tape-delayed coverage of the Olympics that the #nbcfail hashtag was created last week as a way to consolidate criticism of the network. This week, when Twitter executives suspended the account of one of NBC's most ardent critics, a Los Angeles-based reporter for The Independent, the twitterverse turned its ire on Twitter, which was quickly forced to apologize for its action. ... Full Story Top Hopes dim for Sharp amid Japan's TV industry sunset Fri,3 Aug 2012 03:56 AM PDT Reuters - TOKYO (Reuters) - Sharp Corp shares tumbled nearly 30 percent to their lowest closing level since 1976 on Friday as investors questioned whether Japan's last major maker of television panels will survive the sunset of the country's TV industry. A day after the century-old company warned of an operating loss of 100 billion yen ($1.28 billion) for this fiscal year, Moody's and Standard & Poor's cut their credit ratings and rival Fitch warned that Sharp could lose investment-grade status unless a planned restructuring succeeds. ... Full Story Top Synopsys to buy Springsoft for $406 million Fri,3 Aug 2012 02:44 AM PDT Reuters - (Reuters) - Chip-design software maker Synopsys Inc will buy Taiwan's Springsoft Inc for $406 million, the United States-based company said on Friday, helping to strengthen its presence in Asian, European and U.S. semiconductor markets. Synopsys will offer T$57, or $1.90 per share for all the outstanding shares of Springsoft. The deal is worth $305 million net of cash acquired, Synopsys said and will add to its 2013 non-GAAP earnings per share. ... Full Story Top Smartphone maker HTC sees third-quarter revenue drop, only China to grow Fri,3 Aug 2012 02:31 AM PDT Reuters - TAIPEI (Reuters) - Taiwanese smartphone maker HTC Corp said on Friday it sees sales growing only in China this quarter while other regions decline, forecasting as much as a 23 percent fall overall in revenue, in a further sign of how tough its road to recovery will be. The world's No.5 smartphone maker, once one of the industry's high flyers but badly hit by competition from Apple Inc and Samsung, sees third-quarter revenue at between T$70 billion and T$80 billion ($2.3 billion and $2.7 billion), compared with T$91 billion in the second quarter. HTC was expected to earn T$92. ... Full Story Top Samsung to unveil new Galaxy Note in late August Thu,2 Aug 2012 07:26 PM PDT Reuters - SEOUL (Reuters) - Samsung Electronics is set to take the wraps off a sequel to its popular Galaxy Note smartphone at an event on August 29, about two weeks before the possible debut of Apple's new iPhone. The two arch rivals are bracing for a full-blown battle with the expected rollouts of the two key models coming as they lock horns in a high-stakes patent trial in the United States. "We plan to unveil the next Galaxy Note at the Samsung Mobile Unpacked event in Berlin on August 29," a Samsung spokesman said on Friday, without elaborating. ... Full Story Top

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