Today's Reuters Technology News Headlines - Yahoo! News:
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Samsung hits a high Note, posts record quarterly profit
Thu,5 Apr 2012 07:49 PM PDT
Reuters - SEOUL (Reuters) - Samsung Electronics posted record quarterly profit of $5.15 billion, driven by booming sales of its smartphones and the Galaxy Note 'phablet', which it hopes will show it has a flair for innovation to match rival Apple Inc. The Note - part phone, part mini-tablet - with a throwback stylus and screen half the size of the iPad, has sold more than 5 million since launching in October, and is proving a surprise money earner for the South Korean electronics giant that has a reputation as a 'fast follower' rather than design leader. ... Full Story | Top |
Instant View: Samsung estimates record first quarter profit
Thu,5 Apr 2012 05:05 PM PDT
Reuters - SEOUL (Reuters) - Samsung Electronics, the world's top technology firm by revenue, estimated operating profit nearly doubled in January-March from a year ago, boosted by sales of its flagship Galaxy smartphones and its Note mini-tablet and phone. Samsung, which will release its full quarterly results on April 27, estimated its January-March operating profit at a record 5.8 trillion won ($5.15 billion) versus a consensus forecast of 5.0 trillion won from analysts surveyed by Thomson Reuters I/B/E/S. It estimated sales at 45 trillion won. ... Full Story | Top |
Instant View: Samsung estimates record first quarter profit
Thu,5 Apr 2012 04:48 PM PDT
Reuters - SEOUL (Reuters) - Samsung Electronics, the world's top technology firm by revenue, estimated operating profit nearly doubled in January-March from a year ago, boosted by sales of its flagship Galaxy smartphones and its Note mini-tablet and phone. Samsung, which will release its full quarterly results on April 27, estimated its January-March operating profit at a record 5.8 trillion won ($5.15 billion) versus a consensus forecast of 5.0 trillion won from analysts surveyed by Thomson Reuters I/B/E/S. It estimated sales at 45 trillion won. ... Full Story | Top |
Samsung posts record first quarter profit on smartphone boom
Thu,5 Apr 2012 04:38 PM PDT
Reuters - (Reuters) - Samsung Electronics, the world's top technology firm by revenue, posted record quarterly profits of $5.15 billion on booming sales of its Galaxy smartphones and the Note, a mini-tablet and phone. Samsung, which raced to the top of the global smartphone rankings last year with close to a fifth of the market, from just 3 percent in 2009, should consolidate its position against Apple Inc and others with more product launches, including a revamped Galaxy S, over the next few months. January-March operating profit was 5. ... Full Story | Top |
Samsung estimates record first quarter profit; beats most bullish view
Thu,5 Apr 2012 04:29 PM PDT
Reuters -  SEOUL (Reuters) - Samsung Electronics, the world's top technology firm by revenue, estimated operating profit nearly doubled in January-March from a year ago, boosted by sales of its flagship Galaxy smartphones and its Note mini-tablet and phone. The South Korean group, which out-sold global smartphone rivals last year, is set to consolidate its market position with new products, including a revamped Galaxy S, in the next few months. Samsung, which will release its full quarterly results on April 27, estimated its January-March operating profit at a record 5.8 trillion won ($5. ...
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Yahoo plans Tuesday reorganization meeting: source
Thu,5 Apr 2012 03:33 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Yahoo Inc CEO Scott Thompson will outline his long-term strategy and vision for the struggling Internet company at an all-hands meeting for staff next Tuesday, a source at the company told Reuters, days after Thompson announced the deepest round of job cuts in years. The company, once a dominant Internet media and search powerhouse which has seen its growth eclipsed by Google Inc and Facebook, announced this week it would lay off 2,000 people and set in motion a broad restructuring. It did not provide details of that plan. ...
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Accused LulzSec hacker pleads guilty in Sony breach
Thu,5 Apr 2012 03:21 PM PDT
Reuters -  LOS ANGELES (Reuters) - Accused LulzSec hacker Cody Kretsinger pleaded guilty on Thursday in federal court in California to taking part in an extensive computer breach of Sony Pictures Entertainment. Kretsinger, a 24-year-old who used the moniker "Recursion," pleaded guilty to one count each of conspiracy and unauthorized impairment of a protected computer in a deal with prosecutors. LulzSec, an offshoot of the international hacking group Anonymous, has taken credit for hacking attacks on government and private sector websites. ...
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Facebook picks Nasdaq for marquee listing: source
Thu,5 Apr 2012 02:55 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Facebook Inc, preparing what would be Silicon Valley's largest IPO, has picked Nasdaq over the New York Stock Exchange for its listing in a major victory for the technology-laden U.S. bourse, a source familiar with the situation said on Thursday. One of the most coveted stock listings in recent years, Facebook's choice of its future exchange translates into a relatively small sum in annual listing fees. But it bestows major bragging rights on Nasdaq OMX Group Inc, already home to the likes of Apple Inc and Google Inc. A spokesman for Facebook declined to comment. ...
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Google CEO touts gains, focuses on long term bets
Thu,5 Apr 2012 01:47 PM PDT
Reuters -  (Reuters) - Google Inc's chief executive said the company's fledgling social network, Google+, has scored more than 100 million active users, and he reiterated the Internet search giant's commitment to making long-term bets. Larry Page, also co-founder who took over the top job from Eric Schmidt in April 2011, said in a 2012 strategy update that the search giant had made progress revamping Google around key business opportunities. Page said that Google's smartphone operating system, Android, was being activated on 850,000 mobile devices every day. ...
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After Jobs Act, Case turns focus to immigration
Thu,5 Apr 2012 12:39 PM PDT
Reuters -  WASHINGTON (Reuters) - As he gathers with other movers and shakers at the White House on Thursday afternoon to witness President Barack Obama's signing of the Jobs Act, AOL Inc co-founder Steve Case is already thinking ahead to the next cause he can help champion behind the scenes: immigration reform. "Our work's not done," Case told Reuters in an interview, adding that he would still pause to celebrate the passage of the Jobs Act, intended to help start-up companies raise money and hold initial public offerings. ...
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Google defends privacy policy to European watchdog
Thu,5 Apr 2012 12:27 PM PDT
Reuters -  LONDON (Reuters) - Web search giant Google Inc defended its new privacy policy as lawful and cited measures to educate users about it, in a letter sent on Thursday to French data protection regulators investigating its approach. Google sent responses to half of the questions asked by France's Commission Nationale de l'Informatique (CNIL) about three weeks ago in the form of an 18-page letter and a lengthy annex. It will provide the rest by April 15. ...
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Viacom wins reversal in landmark YouTube case
Thu,5 Apr 2012 12:06 PM PDT
Reuters -  (Reuters) - A U.S. appeals court dealt Google Inc a major defeat by reviving lawsuits by Viacom Inc, the English Premier League and various other media companies over the use of copyrighted videos on Google's YouTube service without permission. The 2nd U.S. Circuit Court of Appeals on Thursday reversed a June 2010 lower court ruling in favor of YouTube, which had been considered a landmark in setting guidelines for websites to use content uploaded by users. ...
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Facebook e-commerce: the next big thing?
Thu,5 Apr 2012 08:40 AM PDT
Reuters -  SAN FRANCISCO (Reuters) - A group of e-commerce start-ups, backed by some of the tech world's most pedigreed financiers, are betting that Facebook Inc can become an e-commerce powerhouse to rival Amazon.com Inc and eBay Inc. As the world's largest social network hurtles toward a $5 billion initial public offering, it will come under more pressure from Wall Street to find new sources of profit growth and reduce its reliance on advertising, which accounted for 85 percent of its 2011 revenue. ...
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Taking Note: Is Samsung's phablet the shape of things to come?
Thu,5 Apr 2012 04:50 AM PDT
Reuters -  (Reuters) - It's been likened to a piece of toast, a device for elephants and a throwback to the 1980s-style brick phone. And yet, despite all the sniggering, Samsung Electronics has sold 5 million of the phone/tablet Galaxy Note, helping drive its booming handset profits in the quarter just ended. More than a freak hit, consumer and design experts believe the surprise success of the "phablet" marks a deeper shift in the fast-paced world of mobile devices. The most obvious thing about the Note is its size. Its 5.3 inch screen is almost as wide as the iPhone's screen is long. ...
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Factbox: Lure of Facebook "social commerce" for VCs
Thu,5 Apr 2012 04:09 AM PDT
Reuters - SAN FRANCISCO (Reuters) - The potential of e-commerce on and around Facebook Inc's giant social network has inspired a rash of investments from Silicon Valley venture capitalists and even Wall Street outfits. Here are 10 recent examples. - BeachMint, which sells apparel, jewelry, shoes and other accessories through Facebook, has raised about $70 million from investors including Accel Partners, Goldman Sachs, New World Ventures and Millennium Technology Value Partners. ... Full Story | Top |
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