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| Samsung takes aim at Japanese rivals with Android camera Wednesday, Nov 28, 2012 07:47 PM PST  SEOUL (Reuters) - South Korean consumer electronics giant Samsung Electronics Co is taking aim at its Japanese rivals with an Android-powered digital camera that allows users to swiftly and wirelessly upload pictures to social networking sites. The Galaxy camera lets users connect to a mobile network or Wi-Fi to share photographs and video without having to hook up the camera to a computer. ... Full Story | Top |
| Amazon's cloud chief targets "old guard" tech giants Wednesday, Nov 28, 2012 05:00 PM PST  LAS VEGAS (Reuters) - Amazon.com Inc's cloud computing division is going after big corporate customers, a new focus that will put the fast-growing unit into direct competition with some of the world's largest technology companies. Andy Jassy, head of Amazon Web Services or AWS, criticized the hefty profit margins of what he called "old guard" tech companies on Wednesday and unveiled a new data warehousing service that he said will cost about a tenth of existing solutions. "The old world of technology has a pricing model which is to charge as much as customers can pay. ... Full Story | Top |
| Audit firms sued in HP's Autonomy acquisition Wednesday, Nov 28, 2012 04:02 PM PST  NEW YORK (Reuters) - A new shareholder lawsuit over Hewlett-Packard's acquisition of British software firm Autonomy has named Big Four audit firms Deloitte and KPMG as defendants, alleging they missed numerous red flags about Autonomy's accounting. The lawsuit, filed on Tuesday in federal court in San Jose, California, also named HP's board of directors, officers, and former executives, alleging breach of duty and negligence for their role in HP's acquisition Autonomy. HP is expected to face a barrage of lawsuits by investors seeking to recoup losses. ... Full Story | Top |
| Applied Materials puts two non-core units under one chief Wednesday, Nov 28, 2012 02:36 PM PST SAN FRANCISCO (Reuters) - Applied Materials, the top manufacturer of equipment for chip makers, on Wednesday named a new executive to head up two poorly performing non-core businesses - solar and display - though it said the business groups are not themselves being combined. Applied Materials said it hired KLA-Tencor veteran Ali Salehpour to head the two groups. Chipmakers worried about the global economy and wrestling with declining PC sales have been spending less on new manufacturing equipment sold by Applied Materials. ... Full Story | Top |
| Microsoft CEO defends its innovation record, financial results Wednesday, Nov 28, 2012 01:27 PM PST  BELLEVUE, Washington (Reuters) - Microsoft Corp Chief Executive Steve Ballmer defended his company's record on innovation and financial performance at the annual shareholders' meeting, but conceded that he should have moved faster to get into the booming tablet market dominated by Apple Inc's iPad. Bill Gates, co-founder and now chairman of the world's largest software company, was one of the first to champion tablet-sized devices more than 10 years ago, but Microsoft failed to come up with a product that worked as well as the iPad. ... Full Story | Top |
| Italian tax police probe Google Italy again Wednesday, Nov 28, 2012 10:26 AM PST ROME (Reuters) - Italian police launched a new tax probe into Google Italy this week after earlier investigations found the group had failed to declare income and still owed sales tax, an economy ministry document showed on Wednesday. The earlier probe, which was launched by Italian financial police in 2007, found that Google had developed a system to transfer profits from its Italian operations to Ireland so it could benefit from a more favorable tax regime. ... Full Story | Top |
| BlackBerry maker RIM loses patent dispute with Nokia Wednesday, Nov 28, 2012 10:13 AM PST  HELSINKI (Reuters) - BlackBerry maker Research In Motion Ltd (RIM) has lost a dispute over the use of Nokia Oyj patents, in a case which could halt the sale of RIM products if it does not reach a new royalties deal with the Finnish company. The Swedish arbitrator ruled RIM was not entitled to make or sell mobile devices which can hook up to WiFi networks - using technology known in the trade as WLAN or wireless local access network systems - without first agreeing royalties with Nokia. "RIM is liable to pay royalties and damages to Nokia for its ... ... Full Story | Top |
| AMSC slashes workforce, cuts outlook on weak wind energy market Wednesday, Nov 28, 2012 09:52 AM PST (Reuters) - AMSC said it laid off about a quarter of its workforce and forecast a larger-than-expected loss for the current quarter as the power technology company struggles to stem losses caused by overcapacity and weak demand in the wind power market. The company, which has cut more than half its workforce since August 2011, now has only about 340 employees. The maker of electrical components for wind turbines expects a loss of "less than 31 cents per share", excluding items, for the third quarter ending December. It earlier forecast a loss of less than 26 cents. ... Full Story | Top |
| Chinese solar companies look homeward to boost shipments Wednesday, Nov 28, 2012 09:43 AM PST (Reuters) - Money-losing Chinese solar panel makers Yingli Green Energy Holding Co and JA Solar Holdings Co Ltd are increasing shipments at home to make up for weak sales in western markets, further risking profitability for growth. Panel prices are the lowest in China, but companies there are cutting prices to gain share in a market that is expected to be one of the largest next year due to government incentives. "The pricing in China is some of the most cost competitive right now," said Avian Securities analyst Mark Bachman. "So it doesn't help gross margins to ship products into China. ... Full Story | Top |
| UK student escapes U.S. extradition in copyright case Wednesday, Nov 28, 2012 08:45 AM PST LONDON (Reuters) - A British university student who launched a website linking to TV shows and films online for free has reached an agreement to avoid extradition to the US and possible jail over copyright infringement allegations, the High Court heard on Wednesday. A deal struck on Wednesday means Richard O'Dwyer, the 24-year-old creator of website TVShack, which helped people watch free films but did not host content itself, will travel to the United States to pay a small fine and will not be extradited. ... Full Story | Top |
| Vivendi's SFR telecom unit to cut 856 jobs Wednesday, Nov 28, 2012 08:38 AM PST PARIS (Reuters) - Vivendi's SFR telecom unit plans to cut 856 jobs via a voluntary departure plan, it said on Wednesday, as it restructures to cope with tougher competition in France. Unions swiftly condemned the move as unacceptable given the more than 3 billion euros ($3.88 billion) in profit that SFR should generate this year, and voiced fears that the cuts were a step towards a sale of France's second-biggest mobile operator. ... Full Story | Top |
| German lawmakers condemn Google campaign against copyright law Wednesday, Nov 28, 2012 08:22 AM PST  BERLIN (Reuters) - Senior German politicians have denounced as propaganda a campaign by Google to mobilize public opinion against proposed legislation to let publishers charge search engines for displaying newspaper articles. Internet lobbyists say they are worried the German law will set a precedent for other countries such as France and Italy that have shown an interest in having Google pay publishers for the right to show their news snippets in its search results. Lawmakers in Berlin will debate the bill in the Bundestag (lower house) on Thursday. ... Full Story | Top |
| Samsung Galaxy products infringe Apple patent: Dutch court Wednesday, Nov 28, 2012 07:50 AM PST  AMSTERDAM (Reuters) - A Dutch court ruled on Wednesday that some of Samsung Electronics' Galaxy smartphones and tablets infringe an Apple patent in the latest round of the two firms' worldwide battle. The court ordered Samsung Electronics to pay Apple damages, determined by how much profit it has made from the sales. The patent dispute concerns the Android operating system versions 2.2.1 to 3.0 used on Samsung's Galaxy tablets and smartphones, the court said. ... Full Story | Top |
| Spain mobile operators jointly launch WhatsApp challenger Wednesday, Nov 28, 2012 06:01 AM PST MADRID (Reuters) - Spain's three biggest mobile operators are teaming up to launch a service they hope will help them better compete with the likes of WhatsApp, Viber and Skype, which are luring customers with the promise of free phone calls and messages. The Joyn service from Telefonica's Movistar, France Telecom's Orange and Vodafone will offer free messaging, enhanced call features and in some cases free calls. ... Full Story | Top |
| Norwegian app aims to make math cool Wednesday, Nov 28, 2012 02:18 AM PST OSLO (Reuters) - The startup behind the algebra app that overtook Angry Birds as No. 1 in the Norwegian app store earlier this year aims to replicate that success globally next year with four more mathematics games. The goal of WeWantToKnow AS - to teach 12 years of math curriculum in some 30 hours of game play - is ambitious, but its founders are certain that the success of the first version of DragonBox, the algebra game which has been downloaded more than 50,000 times, proves the target is within reach. ... Full Story | Top |
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