Today's Reuters Technology News Headlines - Yahoo! News:
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U.S. judge finds Rambus destroyed evidence in Hynix case
Sun,23 Sep 2012 06:10 PM PDT
Reuters - NEW YORK (Reuters) - Technology licensing company Rambus Inc destroyed records that could have been evidence in its patent dispute with South Korea's Hynix Semiconductor Inc, a U.S. judge ruled, but the court has not yet decided on a penalty for the American firm. Hynix said it believes the ruling will "substantially limit" the royalties it will be required to pay Rambus for infringing on the company's patents. Judge Ronald Whyte of the U.S. ... Full Story | Top |
Japan chipmaker Renesas flooded with buy orders on rescue hopes
Sun,23 Sep 2012 06:07 PM PDT
Reuters - TOKYO (Reuters) - Shares of Renesas Electronics Corp were untraded with a glut of buy orders on Monday after sources said a Japanese government fund, as part of a consortium including Toyota Motor Corp, was considering a bailout of the troubled chipmaker. Such a plan would counter a 100 billion yen ($1.3 billion) bid for Renesas by private equity firm KKR, which is in talks to buy a majority stake in the world's leading manufacturer of microcontroller chips used in cars, sources told Reuters last month. Renesas was notionally quoted at 336 yen, up nearly a third from Friday's close of 256 yen. ... Full Story | Top |
Hon Hai says disturbance at Foxconn China plant
Sun,23 Sep 2012 06:00 PM PDT
Reuters -  TAIPEI (Reuters) - Taiwan's Foxconn Technology Group said a fight among workers from different production lines occurred at its Taiyuan plant in northern China early on Monday morning. Foxconn is the trading name of Hon Hai Precision Industry Co, and is the world's largest contract maker of electronic goods. "The fight is over now ... we're still investigating the cause of the fight and the number of people involved," said Foxconn spokesman Louis Woo. He said the fight happened in the workers' dormitory facilities. He said the company will issue a statement later on Monday. ...
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Iran readies domestic Internet system, blocks Google
Sun,23 Sep 2012 12:00 PM PDT
Reuters - DUBAI (Reuters) - Iran plans to switch its citizens onto a domestic Internet network in what officials say is a bid to improve cyber security but which many Iranians fear is the latest way to control their access to the web. The announcement, made by a government deputy minister on Sunday, came as state television announced Google Inc's search engine and its email service would be blocked "within a few hours". "Google and Gmail will be filtered throughout the country until further notice," an official identified only by his last name, Khoramabadi, said, without giving further details. ... Full Story | Top |
Analysis: IPhone 5 defines Apple success, Tim Cook-style
Sat,22 Sep 2012 06:02 AM PDT
Reuters -  SAN FRANCISCO (Reuters) - Tim Cook is no Steve Jobs when it comes to leading Apple Inc. As the debut of the new iPhone 5 just proved, that may not be a bad thing. The taller, thinner and lighter phone prompted a rush on Wall Street to raise price targets for Apple stock, but the optimism was not because of a big technological advance or design breakthrough; the "wow" factor that was the trademark of the late Apple co-founder Jobs was decidedly absent. ...
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Apple seeks U.S. Samsung sales ban, $707 million more in damages
Sat,22 Sep 2012 03:53 AM PDT
Reuters -  SEOUL (Reuters) - Apple Inc has asked for a court order for a permanent U.S. sales ban on Samsung Electronics products alleged to have violated its patents along with additional damages of $707 million on top of the billion-dollar verdict won by the iPhone maker last month. Samsung has responded by asking for a new trial. The world's top two smartphone makers are locked in patent battles in 10 countries as they vie for top spot in the lucrative, fast-growing market. Apple scored a legal victory over Samsung in late August when a U.S. ...
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Japan government mulls Renesas rescue with Toyota, others: sources
Sat,22 Sep 2012 02:41 AM PDT
Reuters -  TOKYO (Reuters) - A Japanese government fund is considering a bailout of Renesas Electronics as part of a consortium including Toyota Motor Corp, countering a 100 billion yen ($1.3 billion)bid for the chip maker by private equity firm KKR, two sources said on Saturday. The taxpayer-funded Innovation Network Corp's plan may include an offer of more than 150 billion yen in return for a controlling stake in Renesas, the two sources familiar with the discussion said on condition they not be identified. ...
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Oracle boosts compensation of billionaire CEO Ellison
Fri,21 Sep 2012 05:54 PM PDT
Reuters -  BOSTON (Reuters) - Technology company Oracle Corp increased billionaire CEO Larry Ellison's compensation for last year by 24 percent. Ellison, one of the most highly paid chief executive officers in the United States, and the world's sixth-richest man, according to Forbes, received total compensation for the year ended May 31 of $96.2 million, almost all of it in stock options. That compared with 77.6 million in the prior year. ...
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Twitter CEO promises interactive tweets, defends curbs
Fri,21 Sep 2012 04:14 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Twitter will soon roll out a free tool for users to handpick and publish selections of tweets, reflecting the company's commitment to remain a neutral, interactive platform rather than become a media company, CEO Dick Costolo said Friday. The new tool will allow users, including journalists, to manually curate and display tweets to accompany breaking news events. "We've known for a long time that for events in the real world, the shared experience is on Twitter," Costolo said at the Online News Association conference in San Francisco. ...
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Apple iPhone 5 fever rages despite grumbling over maps
Fri,21 Sep 2012 04:09 PM PDT
Reuters -  SAN FRANCISCO/LONDON (Reuters) - Apple Inc fans queued around city blocks worldwide on Friday to get their hands on the new iPhone 5, pointing to a strong holiday season for the consumer device maker despite grumblings about the mapping app in the new smartphone. The iPhone 5 -- thinner, lighter and with a 4-inch screen -- went on sale in stores across the United States, Europe, Asia and Australia, with mobile carriers reporting record demand that looked likely to stretch Apple's supply capacity. ...
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AT&T to accept political donations by text, set lower fees
Fri,21 Sep 2012 04:08 PM PDT
Reuters - WASHINGTON (Reuters) - AT&T Inc , the second-largest U.S. wireless carrier, will join all other large phone companies in accepting political donations by text - and will do so at much lower rates, a company spokesman said on Friday. The carrier that services the most Apple iPhones in the country has been the last large holdout from offering the text-to-donate fundraising program, which was launched for the first time in U.S. history by President Barack Obama and his Republican challenger Mitt Romney last month. ... Full Story | Top |
U.S. seeks Internet data flow safeguards in Asia-Pacific trade pact
Fri,21 Sep 2012 03:11 PM PDT
Reuters -  WASHINGTON (Reuters) - The United States is asking countries for strong rules to protect the free flow of data, ranging from video clips to back-room office operations, in talks on a Asia-Pacific free trade agreement, a U.S. official said on Friday. The U.S. proposal is "very aggressive in terms of asking for binding rules that allow data to move" across borders over the Internet, Jonathan McHale, deputy assistant U.S. trade representative for telecommunications and electronic commerce policy, said during a panel discussion. ...
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Seagate cuts current-quarter revenue estimate on weak demand
Fri,21 Sep 2012 03:02 PM PDT
Reuters - (Reuters) - Seagate Technology Plc, maker of hard drives and storage devices, cut its estimate for current-quarter revenue on lower demand for hard drives. Seagate said first-quarter revenue is likely to be 5 to 7 percent lower than its previous forecast of $4 billion. Analysts on average were expecting revenue of $4.02 billion for the quarter ending September, according to Thomson Reuters I/B/E/S. The company expects the total available market for hard drives in the first quarter to be about 140 million units and said it expects to maintain its 40 to 43 percent market share. ... Full Story | Top |
Facebook tightens privacy to satisfy Irish regulator
Fri,21 Sep 2012 02:36 PM PDT
Reuters -  DUBLIN (Reuters) - Facebook Inc has tightened up its privacy controls sufficiently to satisfy a review by the body that regulates the social networking company outside North America, removing the immediate threat of legal challenges. The world's biggest social network makes most of its money from advertising, but has to walk a fine line to avoid giving its over 950 million users the impression it is invading their privacy to boost revenue. ...
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ACI Worldwide to buy back warrants from IBM
Fri,21 Sep 2012 02:06 PM PDT
Reuters - (Reuters) - Payment systems provider ACI Worldwide Inc said it would repurchase most of the outstanding warrants held by IBM Corp . ACI will buy back from IBM warrants for purchasing about 2.5 million ACI shares. ACI had said last week that IBM will start exercising its 2.8 million warrants to take a stake in the company. International Business Machines Corp, one of the largest computer hardware makers in the world, received the warrants in December 2007. The warrants allow it to buy up to 8 percent of ACI shares. ACI shares closed at $43.08 on the Nasdaq on Friday. ... Full Story | Top |
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