Today's Reuters Technology News Headlines - Yahoo! News:
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Data of 8.7 million KT subscribers hacked in South Korea
Sat,28 Jul 2012 09:43 PM PDT
Reuters -  SEOUL (Reuters) - KT Corp., South Korea's No. 2 wireless service provider, apologized on Sunday after personal data of millions of mobile phone subscribers was hacked. It is the latest in a string of large-scale personal information hacking cases in one of the world's most wired countries. Police said two computer programmers had been arrested for hacking personal data of about 8.7 million KT subscribers. KT claims a mobile service subscription membership of 16 million. ...
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Analysis: Internet stock collapse dents Silicon Valley
Fri,27 Jul 2012 03:46 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Social media companies, once hailed by their Silicon Valley boosters as world-changing businesses with limitless potential, are instead proving a sobering reminder of how investors can be seduced by Internet hype. With a few exceptions, the first wave of social media firms to trade on the public markets has delivered a disastrous performance that conjures memories of the dot-com bust of 2000. "Farmville" publisher Zynga, which went public in December at a valuation of $7 billion, is trading around $3.15 a share, more than 68 percent off its $10 IPO price. ...
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Google admits it did not delete Street View data
Fri,27 Jul 2012 03:35 PM PDT
Reuters -  LONDON (Reuters) - Google Inc said on Friday it had not kept its promise to delete all the personal data, such as emails, its Street View cars collected in Britain and other countries in 2010. The U.S. company admitted in May 2010 that its vehicles, which photograph neighbourhoods to create street level images, had accidentally collected data from unsecured wireless networks used by residents in more than 30 countries. ...
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Apple, Samsung take patent fight to crucial California trial
Fri,27 Jul 2012 03:14 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Apple Inc and Samsung Electronics Co Ltd take their battle for mobile supremacy to court on Monday in one of the biggest-ever technology patent trials, a case with the potential to reshape a fast-evolving market they now dominate. The tech titans will lock horns in a federal courtroom in San Jose, California, just miles from Apple's headquarters. The stakes are high, with Samsung facing potential U.S. sales bans of its Galaxy smartphones and tablet computers, and Apple in a pivotal test of its worldwide patent litigation strategy. ...
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Google urges end to authors' digital book lawsuit
Fri,27 Jul 2012 02:15 PM PDT
Reuters -  (Reuters) - Google Inc retook the offensive against thousands of authors claiming it copied their works without permission, and urged the end of a class-action lawsuit arising from its ambitious plan to build the world's largest digital book library. Friday's request by the world's largest search engine company followed a federal judge's March 2011 rejection of a sweeping $125 million settlement of the now seven-year-old case. Talks to revive an accord later broke down. ...
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Facebook's value slides by $10 billion; outlook unclear
Fri,27 Jul 2012 08:15 AM PDT
Reuters -  (Reuters) - Investors wiped $10 billion off the value of Facebook Inc on Friday, taking the recently listed shares to a new low, after the social network offered no forecast and analysts said mobile investments would put future earnings under pressure. The 17 percent slide in the shares took Facebook's market capitalization to $48 billion -- half its IPO launch value of $100 billion in May. The latest slide cost CEO Mark Zuckerberg, the 28-year-old who founded Facebook in his Harvard dorm room, around $2.3 billion, based on his shareholding. ...
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Bomb joke tweeter wins landmark ruling
Fri,27 Jul 2012 05:20 AM PDT
Reuters - LONDON (Reuters) - A British man who joked on Twitter that he would blow up an airport after it closed because of snow has had his conviction for sending a "menacing" message overturned in a landmark ruling for users of social media websites. Paul Chambers, 28, had sent the message in what he called a moment of frustration at not being able to catch a flight from Doncaster Robin Hood airport. He had later been arrested and sentenced but the High Court on Friday upheld his appeal against conviction. ... Full Story | Top |
Tajikistan seals Afghan border, NATO trucks can pass
Fri,27 Jul 2012 05:16 AM PDT
Reuters -  DUSHANBE (Reuters) - Tajikistan has closed all border-crossing points with Afghanistan due to a military operation to capture a former warlord, but NATO trucks carrying supplies to their forces are allowed to pass, a Tajik border official said on Friday. Tajik President Imomali Rakhmon launched an offensive in the autonomous Gorno-Badakhshan region on Tuesday against supporters of Tolib Ayombekov, who is accused of killing a security service general. Authorities sealed the border after government troops captured eight Afghan militants who were fighting for Ayombekov. ...
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Far from Silicon Valley, tech industry finds an oracle
Fri,27 Jul 2012 04:01 AM PDT
Reuters -  RALEIGH, North Carolina (Reuters) - Anand Shimpi is one of the most influential tech industry figures you've never heard of. From his start as a teenager building PCs for students and faculty at a college in his hometown of Raleigh, North Carolina, he's become one of the semiconductor industry's most closely watched reviewers. His website, AnandTech.com, is all about product performance, plain and simple. Shimpi measures exactly how fast the latest Intel processor really is, how quickly that graphics chip will render the latest video game, how long that laptop battery will last. ...
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Facebook revenue growth skids, shares plunge
Fri,27 Jul 2012 02:23 AM PDT
Reuters -  SAN FRANCISCO (Reuters) - Facebook Inc reported a drastic slowdown in revenue growth and offered no financial forecasts to ease worries over the prospects for boosting advertising in its first earnings report as a public company, sending its shares to a record low. Facebook executives pointed to early signs of success in new advertising services, but the lack of a detailed financial outlook went over poorly with investors hoping for evidence that the company could soon reverse the continuing slowdown in its business. ...
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Smartphones power record Samsung profit of $5.9 billion during Apple lull
Thu,26 Jul 2012 08:43 PM PDT
Reuters -  SEOUL (Reuters) - Samsung Electronics Co, the world's top technology firm by revenue, reported on Friday a record operating profit of $5.9 billion for the June quarter, as rampant Galaxy S handset sales helped stretch its lead over Apple Inc. September quarter mobile profits are expected to forge further ahead as the latest Galaxy model enjoys a sales boom before the next iPhone launch, widely expected in October, driving Samsung's profit to a record of nearly 8 trillion won ($7 billion). The mobile business brings in around 60 percent of Samsung's earnings. ...
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Samsung sold 50.5 million smartphones in second quarter, almost twice what Apple sold: report
Thu,26 Jul 2012 07:14 PM PDT
Reuters -  SEOUL (Reuters) - Samsung Electronics Co, the world's top smartphone maker, sold 50.5 million smartphones in the second quarter, stretching its lead over rival Apple Inc, a report by research firm StrategyAnalytics showed. Samsung took 34.6 percent of the global smartphone market, while Apple, which suffered a 26 percent sequential plunge in smartphone sales, had 17.8 percent of the market after selling 26 million iPhones in the June quarter, the report said. Nokia took the third spot with a 7.0 percent market share, selling 10.2 million smartphones. ...
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Samsung posts record $5.9 billion profit on smartphones
Thu,26 Jul 2012 04:47 PM PDT
Reuters -  SEOUL (Reuters) - Samsung Electronics Co, the world's top technology firm by revenue, reported a record quarterly profit of $5.9 billion on Friday, as rampant sales of its smartphones more than offset a tumble in memory chip prices. The South Korean firm reported April-June operating profit of 6.72 trillion Korean won ($5.86 billion), in line with its earlier estimate of 6.7 trillion won and up 79 percent from a year ago. Samsung, which earlier this year ended Nokia's 14-year reign as the top global handset maker, did not break out its second-quarter smartphone shipments. ...
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Twitter suffers second outage in five weeks
Thu,26 Jul 2012 03:09 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - A data center glitch brought down Twitter for roughly 2 hours on Thursday, as the micro-blogging service suffered its second widespread outage in 5 weeks and another blow to its reputation and reliability. "I wish I could say that today's outage could be explained by the Olympics or even a cascading bug," said vice president of engineering Mazen Rawashdeh in a blog post after service resumed. "Instead, it was due to this infrastructural double-whammy. We are investing aggressively in our systems to avoid this situation in the future. ...
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Kodak, Apple patent fight to remain in bankruptcy court
Thu,26 Jul 2012 02:35 PM PDT
Reuters -  NEW YORK (Reuters) - Apple Inc lost on Thursday a bid to transfer its patent dispute with Eastman Kodak Co out of bankruptcy court, a move that could have complicated the photography company's plan to sell the technology. U.S. District Judge George Daniels in Manhattan quashed Apple's bid to have him take up the patent dispute instead of the bankruptcy judge to whom the lawsuit was assigned. In a lawsuit last month in U.S. bankruptcy court in Manhattan, Kodak said Apple, the largest U.S. ...
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