Today's Reuters Technology News Headlines - Yahoo! News:
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Apple scores second legal win vs Samsung in a week
Fri,29 Jun 2012 06:00 PM PDT
Reuters -  SAN JOSE, California (Reuters) - A U.S. judge on Friday granted Apple Inc's request for a pre-trial injunction against the sale of Samsung Electronics Co Ltd's Galaxy Nexus phone, handing the iPhone maker its second legal victory against Samsung in a week. Apple and Samsung, the world's largest consumer electronics corporations, are waging legal war in several countries, accusing each other of patent violations as they vie for supremacy in a fast-growing market for mobile devices. Friday's decision, by U.S. ...
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U.S. trade panel remands Motorola Mobility case
Fri,29 Jun 2012 05:46 PM PDT
Reuters - WASHINGTON (Reuters) - A U.S. trade panel has decided to defer a final ruling on a complaint filed by Google unit Motorola Mobility accusing Microsoft of infringing its patents to make its popular Xbox. A judge at the U.S. International Trade Commission ruled in April that Microsoft infringed four patents owned by Motorola Mobility, now a Google unit, but did not infringe on a fifth named in the complaint. The full commission said on Friday that it would send the case back to the judge for reconsideration. That reconsideration will likely take months. ... Full Story | Top |
Microsoft names new industry hardware chief
Fri,29 Jun 2012 03:51 PM PDT
Reuters -  SEATTLE (Reuters) - The Microsoft Corp executive in charge of relations with PC makers is moving to a new job just two weeks after the software company broke with tradition by announcing it would manufacture a tablet computer, ruffling feathers of some hardware partners. Steven Guggenheimer will move from his position of corporate vice president of Microsoft's original equipment manufacturer unit July 1, the company said, to take up an unspecified new senior leadership job within the company. The move was the result of long-term planning, Microsoft said. ...
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U.S. investigating Google unit over patent licensing
Fri,29 Jun 2012 03:41 PM PDT
Reuters -  WASHINGTON (Reuters) - U.S. antitrust regulators are investigating whether Google unit Motorola Mobility is living up to licensing commitments made when its patents were adopted as industry standards, two people familiar with the probe said on Friday. The Federal Trade Commission sent civil investigative demands, essentially civil subpoenas, to companies this week asking them about Motorola Mobility's licensing practices, one person said. The industry standards affected have to do with Wi-Fi and video standards, one of the people said. ...
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Facebook Q2 earnings results scheduled for July 26
Fri,29 Jun 2012 02:21 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Facebook Inc will report its second-quarter financial results after the market closes on July 26, the company announced on Friday. The earnings results will be Facebook's first quarterly report since its initial public offering in May. Shares of the world's No.1 social networking company remain below its $38 offering price, closing Friday's regular trading session at $31.095. Analysts, on average, expect Facebook to generate a profit of 12 cents a share on revenue of $1.15 billion. ...
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Exclusive: Amazon to take on Brazil's ecommerce jungle
Fri,29 Jun 2012 01:30 PM PDT
Reuters -  SAO PAULO (Reuters) - Amazon.com Inc is expected to set up a digital bookstore in Brazil in the fourth quarter, as it seeks to get a piece of the fast-growing online retail market in the country that inspired its name. The e-commerce powerhouse, named after Brazil's longest river, wants to elbow its way into Latin America's largest economy with the popular Kindle e-reader and a Portuguese-language catalogue of digital books, according to Brazilian publishers and an industry source familiar with Amazon's plans. ...
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Analysis: Will RIM's cash hold out long enough?
Fri,29 Jun 2012 11:51 AM PDT
Reuters - TORONTO (Reuters) - For the next year or two, Research In Motion Ltd is as much about preserving cash as about selling BlackBerrys. Its very survival depends on it. The company, which released dreadful quarterly results on Thursday and delayed the launch of the next-generation BlackBerry 10s until early 2013, is frantically cutting costs to align with a revenue stream that has dropped 43 percent over the past year. Even so, RIM at best may have only enough cash to last two years, analysts and insiders estimate, though it currently sits on a cache of $2.2 billion and holds no debt. ... Full Story | Top |
Single trial for three accused in Dell insider case: Judge
Fri,29 Jun 2012 11:07 AM PDT
Reuters -  NEW YORK (Reuters) - Two former hedge fund portfolio managers and an analyst charged in a $62 million insider trading scheme will go to trial together in October, a U.S. judge ruled on Thursday. Lawyers for each of the defendants had sought to convince U.S. District Judge Richard Sullivan in Manhattan that they were entitled to separate trials. Prosecutors in Manhattan announced the charges against the three in January in a sweep dubbed "Operation Perfect Hedge" by the Federal Bureau of Investigation. ...
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Canada won't predict reaction to any RIM takeover bid
Fri,29 Jun 2012 10:47 AM PDT
Reuters -  OTTAWA (Reuters) - Struggling BlackBerry maker Research In Motion is important to both Canada and the world, Canadian Finance Minister Jim Flaherty said on Friday, but he refused to be drawn on whether the government would allow a foreign takeover of the company. "If there were a proposal for RIM or part of RIM coming from outside Canada, then that's a matter that of course the minister of industry would review, should it fall under the terms of the Investment Canada Act. ...
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RBC upgrades Oracle to outperform
Fri,29 Jun 2012 09:20 AM PDT
Reuters -  (Reuters) - RBC Capital Markets upgraded Oracle Corp to "outperform" from "sector perform" as hardware growth opportunity returns. The smaller engineered systems business, which accounts for about 15 percent to 20 percent of the software maker's hardware revenue, has been growing rapidly as evidenced by $274 million in bookings in the fourth quarter, analyst Robert Breza said in a note. "As engineered systems becomes a more meaningful percentage of the hardware mix it should begin to drive both growth and profits for the segment," Breza said. ...
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Outsourcing boosts Accenture, allays Europe concerns
Fri,29 Jun 2012 08:47 AM PDT
Reuters - (Reuters) - Robust outsourcing revenue helped Accenture Plc beat Wall Street expectations for the ninth straight quarter, but the company lowered its full-year profit outlook because of a strong dollar. Investors shrugged off the company's comments that some clients in Europe were cutting or deferring investments in consulting projects, pushing Accenture's shares up 4 percent after the bell. ... Full Story | Top |
RIM prospects dire after launch delay: analysts
Fri,29 Jun 2012 08:19 AM PDT
Reuters -  (Reuters) - Research In Motion Ltd could run out of cash and ultimately fail, even with the launch of its now-delayed BlackBerry 10 device early next year, Wall Street analysts said. At least 10 brokerages cut their price targets on the stock, some by as much as 50 percent, a day after the company reported worse-than expected quarterly results and said it would delay the launch of its next-generation device to early 2013 from late this year. RIM shares were down 16 percent in pre-market trading on the Nasdaq. ...
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High court won't consider FCC media ownership rules
Fri,29 Jun 2012 08:01 AM PDT
Reuters - WASHINGTON (Reuters) - The Supreme Court on Friday rejected challenges to the Federal Communication Commission's U.S. media-ownership rules, longtime limits on cross-ownership of a newspaper and a broadcast outlet in a single market The justices refused to hear appeals by Media General Inc, by broadcast and newspaper groups and by a broadcasting trade group arguing that the Supreme Court should reconsider past precedents that broadcast "scarcity" justified the ownership restrictions under the Constitution's First Amendment. ... Full Story | Top |
Tibco shares rise on strong results
Fri,29 Jun 2012 07:03 AM PDT
Reuters - (Reuters) - Shares of Tibco Software Inc rose as much as 11 percent on Friday after the software maker reported second-quarter results above analysts' expectations, helped by higher revenue from new licenses. Tibco on Thursday said revenue rose 14 percent to $247.4 million. Revenue from licenses grew 13 percent to $92.6 million. ... Full Story | Top |
First Solar names COO
Fri,29 Jun 2012 06:34 AM PDT
Reuters - (Reuters) - First Solar Inc named a former private equity venture partner to the newly created position of chief operating officer, at a time when solar financing has dried up. Georges Antoun, who most recently worked at private equity firm Technology Crossover Ventures, joins a company that in the last few months has appointed a new CEO, cut 30 percent of its workforce and posted a surprise first-quarter loss. Solar panel maker First Solar's shares have fallen 88 percent in the last one year, a period that saw other solar companies such as U.S. ... Full Story | Top |
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