Today's Reuters Technology News Headlines - Yahoo! News:
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Twitter embarrassed by fake Wendi Murdoch account
Tue,3 Jan 2012 05:37 PM PST
Reuters -  (Reuters) - Twitter, the popular microblogging site, apologized on Tuesday for incorrectly verifying a false account for Wendi Deng, the wife of News Corp Chief Executive Rupert Murdoch. The fake account with the handle @Wendi_Deng popped up on Sunday soon after a real Twitter account was started by the media mogul on New Year's eve. News Corp communications staff confirmed that the Murdoch account was genuine. ...
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Progress Q1 outlook misses street view, shares down 9
Tue,3 Jan 2012 04:56 PM PST
Reuters - (Reuters) - Business software maker Progress Software Corp forecast first-quarter earnings below analyst expectations, as some of its customers continue to delay investments amid macroeconomic uncertainties, sending its shares down as much as 9 percent in trading after the bell. "The company is facing execution challenges and its markets are softening, also it is trying to be conservative in its guidance," Analyst Steve Koenig of Longbow Research said. Progress Software expects to post earnings per share of 25 cents, on revenue of $120 million, for the first quarter ending Feb 29. ... Full Story | Top |
AT&T to pay TiVo to settle patent dispute
Tue,3 Jan 2012 03:51 PM PST
Reuters -  (Reuters) - AT&T Inc has agreed to pay TiVo Inc a minimum of $215 million and additional monthly licensing fees to settle a patent infringement dispute, sending shares in TiVo up 15 percent in afterhours trade. The settlement is the second big win in recent months for video-recording technology pioneer TiVo, which expects fees from AT&T to "significantly exceed" the guaranteed minimum payment. TiVo also prevailed in a similar case against Dish Network and Echostar Corp in May. ...
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RIM close to stripping CEOs of chairmanship: report
Tue,3 Jan 2012 01:57 PM PST
Reuters -  TORONTO (Reuters) - Research In Motion is close to a decision on stripping its co-chief executives of their other shared role as chairman of the board, a newspaper said on Tuesday, a change that could meet a key demand from angry and disillusioned investors. The National Post newspaper, citing "sources familiar with events," said Barbara Stymiest, currently an independent member of RIM's board, is leading the race to replace Mike Lazaridis and Jim Balsillie in the chairmanship. ...
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Rambus raises quarterly revenue outlook, shares jump
Tue,3 Jan 2012 01:30 PM PST
Reuters - (Reuters) - Rambus Inc raised its fourth-quarter revenue outlook, despite losing a major lawsuit late last year, sending its shares up 10 percent in early trading Tuesday. The technology licensing company said it expects to report fourth-quarter revenue that is well above its previously announced target. Rambus said it anticipates revenue of about $83 million, compared with its previously announced target range of $66 million to $71 million. The two analysts who follow Rambus, according to Thomson Reuters I/B/E/S, were on average expecting $69 million in revenue for the three-month period. ... Full Story | Top |
Micron jumps on report of DRAM consolidation
Tue,3 Jan 2012 12:40 PM PST
Reuters - (Reuters) - Shares of Micron Technology Inc jumped as much as 11 percent on a report that one its biggest competitors, Elpida Memory, may merge with Toshiba Corp, in a sign of consolidation in an industry hurt by cut-throat competition. On Tuesday, DigiTimes reported that the Japanese government was brokering talks between the troubled DRAM (dynamic random access memory chips) maker and Toshiba to merge operations. "The Elpida news is a definite sign of consolidation which could lead to significantly better pricing in the industry," Nomura analyst Sidney Ho told Reuters. Micron -- the only ... Full Story | Top |
Barclays upgrade Micron, shares jump
Tue,3 Jan 2012 09:41 AM PST
Reuters - (Reuters) - Shares of Micron Technology Inc climbed as much as 11 percent after Barclays Capital raised the chip devices maker's stock to "overweight," even as the brokerage downgraded five other stocks from the sector, including Intel Corp. Barclays said it expects Micron to benefit from higher pricing of Dynamic Random Access Memory (DRAM) and stronger PC sales, likely from the second half of the year. Shares of the company, which was valued at $6.2 billion, were trading up 9 percent at $6.88 around midday on Nasdaq after touching a high of $6.96 in morning trade. ... Full Story | Top |
JP Morgan upgrades Cisco to overweight;shares rise
Tue,3 Jan 2012 09:39 AM PST
Reuters -  (Reuters) - Investment bank JPMorgan upgraded its recommendation for Cisco Systems to "overweight" and raised its price target for the network equipment maker on expectations of a rebound in public sector spending and improved margins in 2012. Cisco stock was up 3.4 percent to $18.65 in midday trading in New York on Tuesday. "Our proprietary analysis of 30 U.S. federal agency budgets implies that spending will increase in FY'12 after being down in FY'11 and may act as a tailwind for Cisco," JPMorgan analyst Rod Hall said in a note. ...
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Rupert Murdoch splashes opinions on Twitter
Mon,2 Jan 2012 10:17 PM PST
Reuters -  NEW YORK (Reuters) - Media mogul Rupert Murdoch has rung in the New Year with a new Twitter account that includes praise for Republican presidential hopeful Rick Santorum and opinions on President Barack Obama's policies and the Steve Jobs biography. By Monday night, just two days after he started his Twitter account, the 80-year-old chief of News Corp had already issued more than 20 tweets and acquired 74,000 followers. Teri Everett, a spokeswoman for News Corp, confirmed the Twitter account (http://twitter.com/#!/rupertmurdoch) was Murdoch's. ...
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App wishes you were here with a musical postcard
Mon,2 Jan 2012 02:02 AM PST
Reuters - TORONTO (Reuters) - An app that acts like a musical postcard enables users to capture and share musical moments with friends and family and to discover great songs along the way. Called Soundtracking, the free app lets users share song clips, along with their thoughts, location and a photo to help convey their experiences. "Music, like photos or paintings or any sort of creative art, has such a wide range of emotions that can be different for different people," said Steve Jang, CEO of Schematic Labs, the San-Francisco based company that created the app. ... Full Story | Top |
Kodak loses third director in a week
Fri,30 Dec 2011 02:58 PM PST
Reuters - (Reuters) - The third director in a week has resigned from Eastman Kodak Co as the former film giant struggles to survive the dominance of digital photography. Laura Tyson, a professor and White House advisor, told Kodak on Thursday she was resigning from its board, the company said on Friday in a Securities and Exchange filing. Kodak, which was once synonymous with photography, is looking to sell patents to shore up its shrinking cash position and stay in business after failing to turn an annual profit since 1997. ... Full Story | Top |
Verizon to add $2 bill-pay charge
Fri,30 Dec 2011 12:08 PM PST
Reuters -  (Reuters) - Verizon Wireless, which this month angered customers with three separate data service problems, said on Thursday it will add a $2 fee for one-time telephone and online bill payments. The planned change, to take effect on January 15, was greeted by a storm of criticism. Consumer blog Engadget said charging customers to pay was "downright ludicrous." Another tech website, cnet.com, said the move "made little sense. ...
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China urges tighter Internet security after series of data leaks
Fri,30 Dec 2011 07:00 AM PST
Reuters -  SHANGHAI (Reuters) - The Chinese government is working with domestic Internet search engines like Baidu Inc and Sohu.com and financial institutions to prevent phishing attacks on unsuspecting Chinese web users. The Ministry of Public Security said on Friday it would work with 10 Chinese search engines to protect the website rankings of financial institutions to lessen the chances that Internet users will be duped by phishing websites. A phishing attack occurs when the user is persuaded to part with his or her username and password via a fake webpage that closely resembles the original. ...
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Stuxnet weapon has at least 4 cousins: researchers
Thu,29 Dec 2011 05:33 AM PST
Reuters -  (Reuters) - The Stuxnet virus that last year damaged Iran's nuclear program was likely one of at least five cyber weapons developed on a single platform whose roots trace back to 2007, according to new research from Russian computer security firm Kaspersky Lab. Security experts widely believe that the United States and Israel were behind Stuxnet, though the two nations have officially declined to comment on the matter. A Pentagon spokesman on Wednesday declined comment on Kaspersky's research, which did not address who was behind Stuxnet. ...
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Analysis: Manning's legal strategy could lead to plea deal
Wed,28 Dec 2011 04:23 PM PST
Reuters -  NEW YORK (Reuters) - While it may appear that the government's document-leaking case against U.S. Army intelligence analyst Bradley Manning is strong, the defense could have some surprising leverage with prosecutors and force plea negotiations. Prosecutors may in particular find it difficult to prove the 24-year-old Manning intended to provide the information to enemies of the United States such as al Qaeda, and that the information was helpful to them, legal experts said. ...
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