Today's Reuters Technology News Headlines - Yahoo! News:
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RIM delays new BlackBerry launch; sales crumble
Thu,28 Jun 2012 10:41 PM PDT
Reuters -  TORONTO (Reuters) - Research In Motion Ltd delayed the make-or-break launch of its next-generation BlackBerry phones until next year, in a devastating setback to the once-dominant technology company whose sales are crumbling. Shares of the company, which also announced a steeper-than-expected quarterly operating loss and deep job cuts on Thursday, plunged 14 percent after it said it would release its revamped BlackBerry 10 devices early in 2013. It conceded the development had "proven to be more time-consuming than anticipated. ...
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Elpida creditors agree to forgive 70 percent of debts: Nikkei
Thu,28 Jun 2012 08:31 PM PDT
Reuters - TOKYO (Reuters) - Creditors of failed Japanese chipmaker Elpida Memory Inc have agreed to forgive 70 percent of 420 billion yen ($5.3 billion) of debts, the Nikkei business daily reported, without saying where it got the information from. Elpida, the country's only maker of Dynamic Random Access Memory chips, filed for bankruptcy protection in February with more than 400 billion yen of liabilities. The company, which also produces chips used in smartphones and tablets, has been in exclusive talks with Micron Technology , which is seeking to buy the Japanese chipmaker. ... Full Story | Top |
Exclusive: Microsoft tie-up, network sale among RIM options: sources
Thu,28 Jun 2012 07:41 PM PDT
Reuters -  NEW YORK (Reuters) - Research In Motion Ltd's board is under mounting pressure to consider unpalatable options such as selling its network business or forming an alliance with Microsoft Corp after the Blackberry maker again delayed the release of its next-generation smartphones, said three sources familiar with the situation. Shares in the Canadian company, which announced a steeper-than-expected quarterly operating loss on Thursday, plunged 18 percent in extended trading, slashing its market value to $4.1 billion. The stock has fallen about 70 percent in the past year. ...
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RIM delays new BlackBerry launch as problems deepen
Thu,28 Jun 2012 03:30 PM PDT
Reuters -  TORONTO (Reuters) - Research In Motion Ltd delayed the make-or-break launch of its next-generation BlackBerry phones until next year, in a devastating setback to the once-dominant technology company whose sales are crumbling. Shares in the company, which also announced a steeper-than-expected quarterly operating loss, plunged 18 percent after it said it would release its revamped BlackBerry 10 devices early in 2013, instead of late this year, because the development had "proven to be more time consuming than anticipated. ...
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Canada court lets C$19 billion cell phone suit proceed
Thu,28 Jun 2012 01:28 PM PDT
Reuters -  OTTAWA (Reuters) - The Supreme Court of Canada agreed on Thursday to let a C$19 billion ($18.4 billion) class action suit proceed against Canadian cell phone companies over the "system access fees" they have charged. The high court declined to hear an appeal by the phone companies of lower court decisions that let the suit proceed. Among the companies named are units of BCE Inc, Rogers Communications Inc, Telus Corp and Bell Aliant Inc. ...
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Google's Chrome browser to be available on Apple's iPad, iPhone
Thu,28 Jun 2012 01:05 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Google Inc's Chrome, the world's top Internet browser, is now available on the iPhone and iPad, as Apple Inc finally granted access to its arch-foe's more popular Web-surfing app. At Google's annual I/O developer conference in San Francisco on Thursday, company executives announced the development as well as a limited launch of a cloud-computing and hosting service to take on Amazon.com's thriving Web services arm. Both moves underscore how Google is moving quickly to safeguard its dominant Internet presence. ...
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Analysis: Top-rated analysts negative on Facebook earnings
Thu,28 Jun 2012 01:01 PM PDT
Reuters -  NEW YORK (Reuters) - Wall Street's disappointment with Facebook looks poised to continue as research shows the social media giant's first earnings report could fall below forecasts by as much as 15 percent. Thomson Reuters StarMine's SmartEstimates, a model that rewards accuracy and timeliness of analysts' predictions, suggests Facebook Inc will post quarterly earnings of 10.4 cents per share, below the mean Wall Street expectation of 12.2 cents a share. ...
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NZ court finds Megaupload search warrants illegal
Thu,28 Jun 2012 11:36 AM PDT
Reuters -  WELLINGTON (Reuters) - Search warrants used when 70 New Zealand police raided the mansion of the suspected kingpin of an Internet piracy ring were illegal, a New Zealand court ruled on Thursday, dealing a blow to the FBI's highest profile global copyright theft case. German national Kim Dotcom, also known as Kim Schmitz, was one of four men arrested in January as part of an investigation of his Megaupload.com website led by the U.S. Federal Bureau of Investigation (FBI). ...
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Qualcomm restructures to help protect patents
Thu,28 Jun 2012 10:27 AM PDT
Reuters - (Reuters) - Cellphone chip supplier Qualcomm Inc is changing its internal structure to protect its technology licensing business by creating a new subsidiary that will work on open source wireless developments. The biggest developer of cellphone chips also derives a huge amount of its revenue from selling licenses for use of its vast portfolio of technology patents to companies such as cellphone makers whether or not they use Qualcomm chips. The restructuring comes at a time when the wireless industry is beset with litigation related to technology patents. ... Full Story | Top |
Scientists develop spray-on battery
Thu,28 Jun 2012 09:56 AM PDT
Reuters -  LONDON (Reuters) - Scientists in the United States have developed a paint that can store and deliver electrical power just like a battery. Traditional lithium-ion batteries power most portable electronics. They are already pretty compact but limited to rectangular or cylindrical blocks. Researchers at Rice University in Houston, Texas, have come up with a technique to break down each element of the traditional battery and incorporate it into a liquid that can be spray-painted in layers on virtually any surface. ...
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Facebook, LinkedIn boost privacy drive-watchdog
Thu,28 Jun 2012 09:26 AM PDT
Reuters - DUBLIN (Reuters) - Technology groups Facebook and LinkedIn have agreed to beef up their international privacy and compliance teams in response to demands from the Irish regulator, the deputy Data Protection Commissioner told Reuters. Recent high-profile data lapses, such as LinkedIn's security breach that exposed millions of user passwords, have highlighted the difficulties for web giants and regulators alike of protecting consumer data. ... Full Story | Top |
JP Morgan cuts price target of U.S. hardware companies
Thu,28 Jun 2012 08:50 AM PDT
Reuters - (Reuters) - J.P. Morgan cut its price targets on 12 computer hardware stocks, including Apple Inc and Hewlett-Packard Co, citing weak IT spending in Europe, Middle East and Africa, uncertain growth in China and pressures from a strong U.S. dollar. The brokerage cut its price target on Apple's stock — for the first time since 2009 — to $695 from $715. However, strong iPhone unit sales partially counters lower growth assumptions for the iPad and Mac businesses beyond the near term, JPMorgan said. ... Full Story | Top |
Nokia chairman defends CEO Elop: report
Thu,28 Jun 2012 07:33 AM PDT
Reuters -  HELSINKI (Reuters) - Nokia chairman Risto Siilasmaa defended chief executive Stephen Elop after the company announced a new round of job cuts and warned on weaker profit earlier this month, saying he had the board's full confidence, according to Finnish daily Helsingin Sanomat. "Thanks to Stephen Elop and others, we have been able to get new phones with new operating systems faster into the market than ever before," Siilasmaa was quoted as saying by the paper. ...
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Rights group says Apple suppliers in China breaking labor laws
Thu,28 Jun 2012 05:01 AM PDT
Reuters -  HONG KONG (Reuters) - Apple Inc's suppliers in China have violated local labor laws when they imposed excessive overtime and skimped on insurance, a New York-based labor rights group said. Apple and its suppliers such as Taiwanese tycoon Terry Gou's Foxconn Technology Group have been the target of labor rights groups, which say the world's most valuable technology company are making iPhones and iPads in massive sweat shops. ...
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Goldman Sachs downgrades TomTom to sell
Thu,28 Jun 2012 02:42 AM PDT
Reuters - (Reuters) - Goldman Sachs cut its rating on Dutch navigation equipment and digital map maker TomTom NV to "sell" from "neutral," saying weak European demand and growing consumer shift towards free software on smartphones will hurt earnings. Best known for its personal navigation devices (PND) used by car and truck drivers, TomTom has struggled for months to overcome slumping demand in PNDs as consumers opt for free or cheap navigation software as well as cooler gadgets like smartphones and tablet computers. ... Full Story | Top |
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