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| Douglas Engelbart, inventor of computer mouse, dies at 88 Wednesday, Jul 03, 2013 07:28 PM PDT By Gerry Shih SAN FRANCISCO (Reuters) - Douglas Engelbart, a technologist who conceived of the computer mouse and laid out a vision of an Internet decades before others brought those ideas to the mass market, died on Tuesday night. He was 88. His eldest daughter, Gerda, said by telephone that her father died of kidney failure. Engelbart arrived at his crowning moment relatively early in his career, on a winter afternoon in 1968, when he delivered an hour-long presentation containing so many far-reaching ideas that it would be referred to decades later as the "mother of all demos. ... Full Story | Top |
| Zynga's new CEO to get pay package worth some $50 million Wednesday, Jul 03, 2013 04:03 PM PDT  By Malathi Nayak SAN FRANCISCO (Reuters) - Don Mattrick, the head of Microsoft Corp's Xbox business who will replace Zynga Inc founder Mark Pincus as chief executive next week, will get a hefty, largely stock-based compensation package of about $50 million in coming years, the company said in a regulatory filing on Wednesday. In his first year, Mattrick will receive a base salary of $1 million, a sign-on cash bonus of $5 million and a 2013 bonus of $2 million, or the average bonus of Zynga's other executives, the company said. ... Full Story | Top |
| Yahoo acquires email management app Xobni Wednesday, Jul 03, 2013 02:27 PM PDT  By Alexei Oreskovic SAN FRANCISCO (Reuters) - Yahoo Inc acquired email and address book management app Xobni, the Internet company's third acquisition in as many days as it seeks to revamp its online products and boost its Web traffic. Yahoo said it will integrate Xobni's technology into its communications products, including the mobile and PC versions of its email and instant messaging services. Yahoo did not disclose the financial terms of the deal, which the technology blog AllThingsD pegged at $30 million to $40 million. ... Full Story | Top |
| China hands Asian memory makers massive bargaining chip Wednesday, Jul 03, 2013 02:03 PM PDT  By Miyoung Kim SEOUL (Reuters) - Asian chipmakers are set to cash in on a major realignment in the volatile industry which is tilting the power balance their way at the expense of gadget makers such as Apple Inc, after years of cautious investment kept supply in check. Manufacturers including Toshiba Corp and SK Hynix are poised to reap the rewards of soaring demand for cut-price tablets and smartphones in China, the world's biggest smartphone market, and the emergence of Chinese mobile device makers such as Huawei Technologies Co Ltd. ... Full Story | Top |
| Douglas Engelbart, father of the mouse, dies at 88 Wednesday, Jul 03, 2013 01:51 PM PDT By Gerry Shih SAN FRANCISCO (Reuters) - Douglas C. Engelbart, a technologist who conceived of the computer mouse and laid out a vision of an Internet decades before others brought those ideas to the mass market, died on Tuesday night. He was 88. Engelbart had suffered from poor health and died peacefully in his sleep, his daughter, Christina, told friends in an email. ... Full Story | Top |
| Apple hires former Yves Saint Laurent CEO for 'special projects' Wednesday, Jul 03, 2013 01:45 PM PDT  By Poornima Gupta SAN FRANCISCO (Reuters) - Apple Inc has hired the former chief executive of French luxury group Yves Saint Laurent for "special projects" reporting to Chief Executive Officer Tim Cook. "We're thrilled to welcome Paul Deneve to Apple," spokeswoman Kristin Huguet said. "He'll be working on special projects as a vice president reporting directly to Tim Cook." Deneve, who joined Yves Saint Laurent in 2011 after holding senior positions at fashion brands Courreges, Nina Ricci and Lanvin, held several sales and marketing jobs at Apple in Europe between 1990 and 1997. ... Full Story | Top |
| Hounded from office, Mursi finds he and Egypt 'don't mix' Wednesday, Jul 03, 2013 01:14 PM PDT  By Alastair Macdonald and Tom Perry CAIRO (Reuters) - In the end, the army sided with the protesters and the cruel joke was on the president: whether it was tragedy or comedy, placards reading "Egypt and Mursi don't mix" got the biggest laugh on Tahrir Square. The armed forces overthrew President Mohamed Mursi on Wednesday, declaring that he had "failed" the Egyptian people. ... Full Story | Top |
| Strong ties bind spy agencies and Silicon Valley Wednesday, Jul 03, 2013 12:29 PM PDT By Joseph Menn SAN FRANCISCO (Reuters) - Silicon Valley has tried to distance itself from the controversial U.S. surveillance programs exposed by Edward Snowden, but there is a long history of close cooperation between technology companies and the intelligence community. Former U.S. officials and intelligence sources say the collaboration between the tech industry and spy agencies is both broader and deeper than most people realize, dating back to the formative years of Silicon Valley itself. As U.S. ... Full Story | Top |
| Yahoo buys mobile app company Qwiki Wednesday, Jul 03, 2013 10:51 AM PDT  (Reuters) - Yahoo Inc said that it will buy Qwiki Inc, a mobile app for creating videos in Apple Inc's iPhone, as it tries to increase its presence in the world of smartphones and tablets. The company paid about $50 million for the deal, tech blog AllThingsD cited sources as saying. Terms of the deal however were not disclosed. This is Yahoo's third acquisition since May when it bought blogging service Tumblr for $1.1 billion in cash. Earlier this week, the company reportedly acquired Bignoggins Productions, another mobile app developer. ... Full Story | Top |
| UK competition watchdog to examine government IT contracts Wednesday, Jul 03, 2013 09:52 AM PDT  By Christine Murray LONDON (Reuters) - Britain's competition watchdog is looking into government information technology contracts to probe whether the largest companies win too great a share of the work. The Office of Fair Trading asked suppliers and purchasers of IT services on Wednesday for information on how the market is structured and barriers to entry for smaller firms. The action could lead to a market study into the industry, possibly resulting in a referral to the competition commission or a request for voluntary action from companies and state bodies. ... Full Story | Top |
| Spain telecoms regulator sees more pain for operators in 2013 Wednesday, Jul 03, 2013 07:29 AM PDT  By Clare Kane MADRID (Reuters) - Earnings are falling for Spanish telecoms operators this year as recession drags on and competition heats up, with mobile broadband the only area of growth, the head of Spain's telecoms watchdog said. Trends seen last year, which resulted in total revenue for the sector falling 7.2 percent to 35.2 billion euros ($45.9 billion), have continued into 2013, Bernardo Lorenzo said at a presentation on Wednesday of the regulator's 2012 report. ... Full Story | Top |
| Founder told to sweeten offer for Dell as Icahn ups the stakes Wednesday, Jul 03, 2013 05:05 AM PDT  By Soyoung Kim, Michelle Sierra and Leela Parker NEW YORK (Reuters) - Michael Dell has been advised to raise his $24.4 billion offer for Dell Inc, coming under further pressure as billionaire investor Carl Icahn revealed he had committed more than $3 billion to back an alternative proposal. The PC maker's special committee told Dell's founder and chief executive a few days ago that he should raise his offer if he wants it to succeed, a person familiar with the matter said on Tuesday. ... Full Story | Top |
| UK's Ofcom to cut cost of switching superfast broadband provider Wednesday, Jul 03, 2013 04:12 AM PDT By Paul Sandle LONDON (Reuters) - Britain's telecoms regulator is imposing new constraints on BT Group Plc in its operation of Britain's biggest fiber optic network, saying it aimed to make the market for superfast broadband services more competitive. BT sells access to its network - built in a multi-billion pounds investment over several years - to other vendors such as TalkTalk, who then offer superfast broadband to consumers. But some of those vendors have complained that BT's market dominance gives it an unfair advantage. ... Full Story | Top |
| UK watchdog fines mobile phone insurance broker $4.3 million Wednesday, Jul 03, 2013 03:17 AM PDT By Sarah Mortimer London (Reuters) - The UK's financial regulator has slapped a 2.8 million pound ($4.3 million) fine on the company which administers mobile phone insurance sold by Phones 4u for poor handling of complaints. The Financial Conduct Authority said in a statement on Wednesday an investigation had found significant failings in the way Policy Administration Services had handled complaints between June 2009 and September 2011. ... Full Story | Top |
| Megaupload's Dotcom warns NZ against complying with U.S. spying Wednesday, Jul 03, 2013 02:17 AM PDT  By Naomi Tajitsu WELLINGTON (Reuters) - As revelations of U.S. spying shed more light on a Washington-led intelligence-sharing alliance, a victim of illegal spying by member nation New Zealand on Wednesday warned against following the United States into "the dark ages of spying". Kim Dotcom, founder of online storage company Megaupload, was monitored by New Zealand's spy agency for U.S. authorities. He told a parliamentary hearing that a proposed law to broaden surveillance capabilities would make it easier for the United States and other countries to keep track of New Zealanders. ... Full Story | Top |
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