Today's Reuters Technology News Headlines - Yahoo! News:
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Infosys Q4 profit rises, but slower outlook hits shares
Thu,12 Apr 2012 09:41 PM PDT
Reuters - BANGALORE (Reuters) - Infosys Ltd , India's No.2 software services exporter, posted a 27.4 percent rise in quarterly profit on Friday, but forecast lower-than-expected revenue growth for the current fiscal year due to an uncertain global economy and currency volatility. Infosys shares plummeted more than 10 percent after the results were announced, while the broader Mumbai market was trading 0.4 percent lower. The company expects its dollar revenues to grow 8-10 percent for the year ending March 2013 to $7.55 billion to $7. ... Full Story | Top |
Apple rejects e-book pricing collusion charge: WSJ
Thu,12 Apr 2012 08:13 PM PDT
Reuters -  (Reuters) - Apple has rejected the U.S. Justice Department's allegations that it colluded with publishers over electronic book pricing, calling the charges "simply not true", the Wall Street Journal reported. "The launch of the iBookstore in 2010 fostered innovation and competition, breaking Amazon's monopolistic grip on the publishing industry," Apple spokeswoman Natalie Kerris told the Journal. The U.S. ...
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Pentagon sets up fast track for buying cyber war tools
Thu,12 Apr 2012 03:42 PM PDT
Reuters -  WASHINGTON (Reuters) - The Pentagon is establishing a fast-track acquisition process that would enable it to develop new cyber warfare capabilities within days or months if urgently needed, the Defense Department said in a report to Congress. The process, which would be overseen by a new senior-level Cyber Investment Management Board, aims to streamline the sluggish traditional defense acquisition process to meet the rapid pace of events in cyberspace, the 16-page report said. ...
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Google stock split helps Page, Brin maintain grip
Thu,12 Apr 2012 03:25 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Google Inc announced a stock split designed to preserve the control of co-founders Larry Page and Sergey Brin over the world's No. 1 Web search engine, asking investors to trust their long-term vision. The surprise decision, which its board unanimously approved, came as the company exceeded Wall Street's profit expectations but revealed a worrying 12 percent drop in search advertising rates - the second consecutive quarterly decline. Shares of Google, which finished Thursday's regular session at $651.01, rose to $653 in after-hours trading. ...
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Microsoft wins its biggest cloud computing client
Thu,12 Apr 2012 02:27 PM PDT
Reuters -  LONDON (Reuters) - Microsoft announced its biggest-ever customer for cloud computing - software that it hosts on behalf of clients and delivers over the Internet - after winning a contract to provide free services to a major Indian education body. Microsoft, which was built on the sale of expensive software that is installed on individual computers, has been forced by competition from Google and others to branch out into the fast-growing world of cloud computing. The U.S. ...
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Barnes & Noble unveils glow-in-the-dark Nook
Thu,12 Apr 2012 01:31 PM PDT
Reuters -  NEW YORK (Reuters) - Book retailer Barnes & Noble Inc debuted an e-reader on Thursday with a screen that can glow in the dark, a move aimed at improving its position against Amazon.com. The 6-inch (15-cm) touch-screen device, which will hit stores in early May for $139, lands in a market where Apple Inc and Amazon are battling with Barnes & Noble for customers who want to read books and magazines on small portable devices. Weighing just under 7 ounces (200 grams), it is Barnes & Noble's lightest Nook yet and is aimed at people who want to read in the dark without a light. ...
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Investors losing faith that Nokia can stop the rot
Thu,12 Apr 2012 07:38 AM PDT
Reuters -  HELSINKI (Reuters) - Ailing cellphone maker Nokia has the cash to survive seven quarters like the last, but investors are losing faith that it can break the vicious circle that keeps customers and in turn application developers from its new phones. Chief Executive Stephen Elop, who joined from Microsoft in 2010, gambled last year that ditching Nokia's homegrown Symbian phone software in favor of a largely untried version from his old employer would put the company back in the driving seat. ...
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Samsung seen taking cellphone crown from Nokia: poll
Thu,12 Apr 2012 07:09 AM PDT
Reuters -  HELSINKI (Reuters) - Korea's Samsung Electronics Co Ltd ended Nokia Oyj's 14-year leadership of the global cellphone market in the first quarter of the year, outselling the struggling Finnish handset maker for the first time ever, according to a Reuters poll of analysts. The poll showed analysts on average expect Samsung to have sold 88 million cellphones in January through March, surpassing the 83 million which Nokia sold in the quarter. Nokia had announced the sales total on Wednesday when it warned of losses from the phones business in the first and second quarter. ...
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Sony CEO wields ax, sets turnaround targets
Thu,12 Apr 2012 04:51 AM PDT
Reuters -  TOKYO (Reuters) - Less than a fortnight into his job as CEO, Kazuo Hirai sketched out a strategy to revive Sony Corp: a major push into smartphones, growth in games and cameras, and big cost cuts in a TV business that has not made a profit in eight years. The Sony veteran, in his first public briefing as CEO, also targeted new business in medical equipment and electric car batteries, and set a target for group sales of 8.5 trillion yen ($105 billion) in two years, with an operating margin of more than 5 percent. ...
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Smartphone sales to touch 1 billion-unit mark in 2014: Credit Suisse
Thu,12 Apr 2012 04:45 AM PDT
Reuters -  (Reuters) - Global smartphones annual sales will cross the billion-unit mark in 2014, helped by strong demand from China and the launch of cheaper low-end handsets, Credit Suisse said. Sales across the globe will grow about 46 percent to 687.9 million units this year and will touch 1.05 billion units in 2014, the note said. "We see robust growth for the smartphone market in China, which we think will account for 22 percent of global units by 2015," analysts including Kulbinder Garcha wrote in a note. ...
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Analysis: Groupon accounting problems put spotlight on board
Thu,12 Apr 2012 03:49 AM PDT
Reuters -  NEW YORK (Reuters) - Groupon Inc, the online coupon company that floated just months ago in the strongest IPO in years, has had recurring accounting problems that critics say show a need for more financial sophistication on its board. Groupon revised its fourth-quarter results last month, its first results posted as a public company, trimming revenue by $14.3 million. The company also said it found a material weakness in controls over its financial statements. ...
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Preview: India IT firms to feel the heat of competition, U.S. election
Wed,11 Apr 2012 10:53 PM PDT
Reuters - BANGALORE (Reuters) - India's leading software exporters are expected to face a challenging year ahead due to growing competition, an uncertain global economy and rising U.S. rhetoric against shipping of jobs to low-cost locations ahead of the November presidential election. That may well take the shine off strong January-March results for companies such as Infosys and Tata Consultancy Services , which benefited from cost-conscious customers bumping up demand. The results are set to be released over the next few weeks. ... Full Story | Top |
Sony CEO to lay out revival strategy as losses pile up
Wed,11 Apr 2012 10:38 PM PDT
Reuters -  TOKYO (Reuters) - Kazuo Hirai's brief honeymoon as Sony Corp's new chief has ended abruptly as the struggling electronics giant doubled its annual loss forecast, sending its shares tumbling. On Thursday he will try to convince investors he has a strategy to fix Sony and its ailing TV unit, and turn around a brand that has been trampled on by consumer gadget leaders Apple Inc and South Korea's Samsung Electronics. ...
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Apple works on Mac malware fix but takes heat
Wed,11 Apr 2012 05:45 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - The cybersecurity community raked Apple Inc over the coals on Wednesday, saying the company had dragged its heels on eradicating malware that experts say may have infected up to 600,000 Macintosh computers and can be used to ferret out sensitive user information. The consumer electronics company said it was working on finding and ridding "Flashback" malware that exploits a flaw in Oracle Corp's Java software. Apple has issued patches and is now developing software to detect and eliminate Flashback, it said on its website. The company declined to elaborate. ...
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U.S. judge backs Microsoft in Motorola patent dispute
Wed,11 Apr 2012 05:37 PM PDT
Reuters -  SEATTLE (Reuters) - Microsoft Corp said on Wednesday it won a ruling in a Seattle court effectively preventing phone company Motorola Mobility from immediately obtaining an injunction in Germany that could stop Microsoft from selling its Xbox and other software products there, due to a patent disagreement. ...
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