Thursday, February 28, 2013

Daily News: Reuters Technology News Headlines - China's Tencent to delve deeper into Indonesia social media market

Wednesday, Feb 27, 2013 11:48 PM PST
Today's Reuters Technology News Headlines - Yahoo! News:

China's Tencent to delve deeper into Indonesia social media market 
Wednesday, Feb 27, 2013 11:48 PM PST
Tencent headquarters is seen at Nanshan Hi-Tech Industrial Park in ShenzhenJAKARTA (Reuters) - Tencent Holdings, China's biggest online gaming and social networking company, has set up a joint venture with Indonesia's biggest media group PT Global Mediacom to tap the country's growing social media market. The venture will further promote Tencent's highly popular mobile chatting app WeChat, which the company introduced to Indonesia late last year and other products will also be introduced in the future. Indonesians, which number 240 million, are among the world's biggest users of Facebook and Twitter. ...
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Groupon shares crumple after dismal outlook, take-rate cut 
Wednesday, Feb 27, 2013 04:45 PM PST
People enter and leave Groupon Inc corporate office and headquarters in ChicagoSAN FRANCISCO (Reuters) - Groupon Inc lost a quarter of its market value on Wednesday after the company revealed it began to take a smaller cut of revenue on daily deals during the holidays, sacrificing revenue and profits to attract and keep merchants. The cut in its "take rate", which some analysts had said was needed to revive flagging interest among merchants in its Internet offers, was a blow to fourth-quarter results. And a sharper-than-expected post-holiday slowdown in its new e-commerce business contributed to a disappointing first-quarter sales forecast. ...
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BroadSoft forecasts lower current-quarter revenue; shares fall 
Wednesday, Feb 27, 2013 03:51 PM PST
(Reuters) - Internet communications company BroadSoft Inc forecast current-quarter revenue below analysts' estimates, sending its shares down 24 percent after market. BroadSoft, which sells software that telecom companies use to provide voice and video services, forecast first-quarter revenue of $37 million to $40 million, while analysts were expecting $43.6 million on average. The company said it expects its growth to be affected by weakness in its consumer applications division prior to service providers ramping up their voice-over-LTE investment. ...
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Groupon CFO says shared more revenue with merchants in fourth quarter 
Wednesday, Feb 27, 2013 03:02 PM PST
SAN FRANCISCO (Reuters) - Groupon Inc Said it raised the percentage of revenue it shared with partner merchants in the fourth quarter, a move intended to keep and attract merchants for the Internet deals it runs, but that ate into revenue and profitability. Chief Financial Officer Jason Child told Reuters in an interview that Groupon began taking about 35 percent of deal-revenue in the quarter and handing 65 percent to its partners, describing the so-called "take rate." Groupon historically has kept about 40 percent of revenue generated through daily deals on its website. ...
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Groupon shares dive 24 percent on "underwhelming" forecast 
Wednesday, Feb 27, 2013 03:02 PM PST
People enter and leave Groupon Inc corporate office and headquarters in ChicagoSAN FRANCISCO (Reuters) - Groupon Inc lost almost a quarter of its market value on Wednesday after the company began to take a smaller cut of revenue on daily deals, sacrificing revenue and profits to attract and keep merchants. "This raises questions about how these guys are going to be able to scale the business," said Tom White, an analyst at Macquarie. "The forecast is underwhelming." Groupon shares fell 22 percent to $4.65 in after hours trading on Wednesday. ...
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Why retailers are pinning hopes on Pinterest 
Wednesday, Feb 27, 2013 02:15 PM PST
PinterestNEW YORK (Reuters) - After a tough day at work as a publicist in Minneapolis, Becca Bijoch would often indulge in a little retail therapy. She usually headed out to the stores as she did not care much for online shopping. That changed last year when the 26-year-old joined Pinterest, a photo-sharing website that allows users to "pin" images to online bulletin boards based on their interests and to follow others. Bijoch says she has found all sorts of things that she bought after seeing them on Pinterest, from great kitchen tools on CrateandBarrel.com to clothes at Asos.com. ...
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Apple CEO says he feels shareholders' pain, urges long view 
Wednesday, Feb 27, 2013 12:45 PM PST
Apple CEO Tim Cook speaks to the audience during an Apple event in San JoseCUPERTINO, California (Reuters) - Apple Inc CEO Tim Cook on Wednesday acknowledged widespread disappointment in the company's sagging share price but shared few details about its secretive product pipeline and touched only briefly on a raging debate about how best to reward shareholders. The world's most valuable technology company headed into its annual shareholders' meeting at its headquarters on shakier ground than it has been accustomed to in years, since the iPhone and iPad helped vault the company to premier investment status. ...
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NATO, European governments, hit by "MiniDuke" cyber attack 
Wednesday, Feb 27, 2013 12:33 PM PST
Attacking team members work to hack into a network during a drill at a Department of Homeland Security cyber security defense lab at the Idaho National LaboratorySAN FRANCISCO (Reuters) - Hackers targeted dozens of computer systems at government agencies across Europe through a flaw in Adobe Systems Inc's software, security researchers said on Wednesday, while NATO said it too had been attacked. The alliance said its systems had not been compromised, although it was sharing the details of the attack with NATO member states and remained vigilant. Security experts say governments and organizations such as NATO are attacked on a daily basis - although the sophistication varies wildly. ...
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Clearwire to tap Sprint money but continue Dish talks 
Wednesday, Feb 27, 2013 12:04 PM PST
People walk past a Sprint store in New York(Reuters) - Wireless service provider Clearwire Corp said on Wednesday it would draw on $80 million in financing from Sprint Nextel Corp, which is seeking to buy it, but vowed to continue talks with rival bidder Dish Network Corp. Shares of Clearwire fell 3 cents to $3.17 after the decision, which could end Dish Chairman Charlie Ergen's effort to buy Clearwire. But the stock was still above Sprint's offer of $2.97 per share, showing that investors still held out hope for a higher valuation. Analysts said Clearwire was likely trying to force Dish to firm up its proposal. ...
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Oracle CEO Ellison buys Hawaii's Island Air 
Wednesday, Feb 27, 2013 10:42 AM PST
Ellison, co-founder and CEO of Oracle Corporation, arrives at the premiere of "The Guilt Trip" in Los AngelesSAN FRANCISCO (Reuters) - Billionaire Larry Ellison can now afford to fly commercial - on his own commercial airline, that is. The Oracle Corp chief executive on Wednesday added a small Hawaiian airline to his holdings, less than a year after he purchased the vast majority of land on the small Hawaiian island of Lana'i, off the coast of Maui. Island Air, a Honolulu-based carrier with a handful of island-hopping planes and about 245 employees, will not make any staff changes as part of the sale and will continue normal operations, the company said. "We are excited Mr. ...
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Chinese may have edge in emerging market dash for smartphones 
Wednesday, Feb 27, 2013 10:09 AM PST
Visitors look at devices at ZTE booth at the Mobile World Congress in BarcelonaBARCELONA (Reuters) - The next billion people to connect to the internet in developing countries will do so largely via smartphones, prompting a battle that could favor low-price Chinese manufacturers like Huawei and ZTE over market leaders Samsung and Apple. Fixed-line telephone networks are often weak in emerging markets and building new ones is expensive, and so smartphones are becoming a vital way to connect populations to the web and bolster economic growth. ...
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Court denies Apple's motion to reduce damages in VirnetX lawsuit 
Wednesday, Feb 27, 2013 08:33 AM PST
A man walks in front of a company logo outside an Apple store in downtown Shanghai(Reuters) - VirnetX Holding Corp, which holds internet security patents, said a federal court has upheld a ruling against Apple Inc in a patent infringement lawsuit and denied the iPhone maker's motion to reduce the $368 million in damages. VirnetX shares rose 6 percent to $35.91 in morning trading on the American Stock Exchange on Wednesday. The court ordered Apple to pay $33,561 in daily interest and $330,201 in daily damages up to the final judgment, VirnetX said on Wednesday. ...
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Qtel banks on Morocco ties in Maroc Telecom bid: CEO 
Wednesday, Feb 27, 2013 08:21 AM PST
Qtel Group CEO Nasser Marafih gestures during a news conference at the Mobile World Congress in BarcelonaBARCELONA (Reuters) - Qatar Telecom , seeking to complete its North Africa footprint and grow via mobile broadband, said the Gulf country's good rapport with Morocco could give it an edge over other firms bidding for partly state-owned Maroc Telecom . Qtel Chief Executive Nasser Marafih told Reuters in an interview the kingdom of Morocco, which owns 30 percent of Maroc Telecom, would play a role in picking the winner. ...
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Google not expected to check every upload says Italian court 
Wednesday, Feb 27, 2013 07:58 AM PST
People walk past a logo next to the main entrance of the Google building in ZurichMILAN (Reuters) - Internet platforms like Google cannot be forced to filter every video uploaded by users without endangering freedom of thought and their own functionality, an Italian court ruling made public on Wednesday said. The details of the ruling were made public 60 days after the Milan court acquitted three Google executives of charges of having violated the privacy of an Italian boy with autism by allowing a video, showing him being bullied, to be posted on the site in 2006. ...
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Networking creates devices buzz at mobile fair 
Wednesday, Feb 27, 2013 04:09 AM PST
A visitor looks at the new Sony Xperia Z phone and tablet through a glass window during the Mobile World Congress in BarcelonaBARCELONA (Reuters) - Networks, whether superfast mobile broadband, wifi or a combination of both, are helping add pizzazz to new mobile products as the rapid evolution in smartphone and tablet design slows to a trickle. The world's fastest smartphone, new "phablets" - sized between a phone and tablet - and small tablets optimized to watch video and run multiple applications on 4G mobile networks were making the biggest splash at the Mobile World Congress in Barcelona. Networks are also enabling millions of other devices, from coffee makers to bicycles and cars to homes, to become "smart". ...
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