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| HTC under pressure to find partner after first quarterly loss Friday, Oct 04, 2013 12:28 AM PDT  By Michael Gold TAIPEI (Reuters) - Taiwan's HTC Corp slid into the red for the first time in the third quarter, adding to the case for the troubled smartphone maker to abandon its prized independence and reach out for a white knight soon. Like other strugglers in the sector, HTC has been laid low by the product and marketing might of Apple Inc and Samsung Electronics Co Ltd - woes that have been exacerbated by supply chain constraints and internal turmoil. ... Full Story | Top |
| Tesla in talks with Samsung SDI for battery supply deal Thursday, Oct 03, 2013 11:45 PM PDT  By Bernie Woodall and Hyunjoo Jin DETROIT/SEOUL (Reuters) - Popular electric carmaker Tesla Motors Inc may name South Korean battery producer Samsung SDI Co Ltd as an additional supplier as the California auto upstart tries to add more models and expand, although at least one source familiar with the discussions described the deal as being far from done. Both Tesla and Samsung SDI, a unit of Samsung Electronics Co Ltd, on Friday confirmed that the two companies are in talks about the South Korean company supplying battery technology to Tesla, the maker of the best-selling U.S. ... Full Story | Top |
| Chinese game developer Forgame surges in HK trading debut Thursday, Oct 03, 2013 09:43 PM PDT By Elzio Barreto HONG KONG (Reuters) - Shares of Forgame Holdings Ltd , China's largest developer of Web games, soared more than a third in their Hong Kong trading debut on Thursday, underscoring investor optimism for technology companies that have fueled rallies on the Nasdaq this year. Forgame's offer generated strong interest from small investors and was priced near the top of a marketing range, raising about $206 million. Investors who missed out on the shares chased the stock on Thursday, sending the stock's value up as much as 36.5 percent, compared with a 0. ... Full Story | Top |
| Twitter reveals rip-roaring growth, big losses ahead of IPO Thursday, Oct 03, 2013 07:57 PM PDT  By Gerry Shih and Alexei Oreskovic SAN FRANCISCO (Reuters) - Twitter Inc, racing toward the largest Silicon Valley IPO since Facebook Inc's 2012 coming-out party, hopes to woo investors with rip-roaring revenue growth despite having posted big losses over the past three years. The eight-year-old online messaging service gave potential investors their first glance at its financials on Thursday when it publicly filed its IPO documents, setting the stage for one of the most-anticipated debuts in over a year. ... Full Story | Top |
| Samsung takes aim at second straight year of record profit as memory chips rebound Thursday, Oct 03, 2013 07:37 PM PDT  By Miyoung Kim SEOUL (Reuters) - Samsung Electronics Co Ltd is on track to post its second consecutive year of record earnings as a rebound in its semiconductor business shields the South Korean tech giant from a slower smartphone market. The world's biggest memory chipmaker is likely to see its semiconductor earnings charge to a three-year high - a much-needed shot in the arm - just as sales of its flagship Galaxy S4 smartphone begin to flag, analysts say. ... Full Story | Top |
| Adobe says source code, customer data stolen by hackers Thursday, Oct 03, 2013 05:41 PM PDT  By Joseph Menn BOSTON (Reuters) - Adobe Systems Inc said on Thursday that hackers had stolen source code to some of its most popular software and data about millions of its customers. Security experts worry about the theft of source code because close review of the programs can lead to the discovery of new flaws that can be used to launch hard-to-detect attacks against all users of that software. ... Full Story | Top |
| Gates, Ballmer seek re-election to Microsoft board Thursday, Oct 03, 2013 04:37 PM PDT  SEATTLE (Reuters) - Chairman Bill Gates and retiring Chief Executive Steve Ballmer are standing for re-election to Microsoft Corp's board of directors, despite recent moves by some investors to reduce their influence, according to the software company's annual proxy filing made public on Thursday. Ballmer and Gates, both 57, have been the target of activist investors who believe Microsoft needs new leadership to transform itself and compete with mobile-savvy rivals such as Apple Inc and Google Inc. ... Full Story | Top |
| Factbox: Who's who in the flock - 7 people who keep Twitter humming Thursday, Oct 03, 2013 04:22 PM PDT By Gerry Shih SAN FRANCISCO (Reuters) - Twitter laid bare its financial numbers for the first time on Thursday ahead of its initial public offering, one of the year's most highly anticipated events on Wall Street. The company, which spun out of a nearly failed San Francisco startup in 2006, went through early years of management turmoil and unprofitability. But since 2010, Chief Executive Dick Costolo has firmed up the executive ranks and gradually dialed up Twitter's revenue engine. Here are some key people from the boardroom, the sales force and the engineering corps who keep Twitter ... Full Story | Top |
| Insight: Little-known Hollywood investor poised to score with Twitter IPO Thursday, Oct 03, 2013 03:56 PM PDT  By Ronald Grover and Gerry Shih LOS ANGELES/ SAN FRANCISCO (Reuters) - When Twitter goes public in coming weeks, one of the biggest winners will be a 47-year-old financier who guards his secrecy so zealously that he employs a person to take down his Wikipedia entry and scrub his picture from the Internet. ... Full Story | Top |
| Timeline: Twitter: from side project to sociocultural sensation Thursday, Oct 03, 2013 03:55 PM PDT By Alexei Oreskovic SAN FRANCISCO (Reuters) - Twitter, the 140-character messaging service favored by everyone from the Pope to U.S. President Barack Obama, began as a side-project but rapidly morphed into one of the most powerful social and cultural media forces of our time. After eight years of explosive user growth marred by persistent technical challenges and management shake-ups, Twitter is now preparing to go public in Silicon Valley's largest initial public offering since Facebook Inc's last year. March 21, 2006: Co-founder Jack Dorsey sends the first tweet: "just setting up my twttr. ... Full Story | Top |
| Factbox: Who will get rich from Twitter's IPO? Thursday, Oct 03, 2013 03:11 PM PDT By Sarah McBride (Reuters) - Just about everyone in Silicon Valley has dreamed of striking it rich with a well-timed investment. Analysts estimate that when Twitter debuts on public markets, its valuation will hit around $10 billion. Here is a list of the number of shares owned by some of the people and investment firms that will benefit the most from Twitter's initial public offering: Executive officers and directors: Evan Williams 56,909,847 shares, or 12 percent. Williams was Twitter's CEO until 2010, when current CEO Dick Costolo took the helm. ... Full Story | Top |
| Ellison gives up $500 million potential payout to settle Pillar suit Thursday, Oct 03, 2013 03:07 PM PDT  By Noel Randewich SAN FRANCISCO (Reuters) - Oracle Corp Chief Executive Larry Ellison has agreed to give up a potential payout of around $500 million to settle accusations of a conflict of interest in the 2011 acquisition by Oracle of a company he controlled, according to court documents. The settlement relates to Oracle's purchase of Pillar Data Systems Inc, a data storage company that was majority owned by Ellison. Oracle, the world's No. ... Full Story | Top |
| Exclusive: Security firm says iPhone bug can thwart device wiper Thursday, Oct 03, 2013 02:40 PM PDT  By Jim Finkle BOSTON (Reuters) - A German security company has uncovered a bug in the new iPhone's software that it said enables hackers to overcome a safeguard allowing users to remotely wipe stolen or lost phones. Berlin's Security Research Labs, known as SRL, said on Thursday that the vulnerability could potentially give criminals time to break into the Apple Inc phones, gain complete control of data, access email accounts and then potentially take over the user's bank accounts. ... Full Story | Top |
| Adobe says customer data, source code accessed in cyber attack Thursday, Oct 03, 2013 02:37 PM PDT BOSTON (Reuters) - Adobe Systems Inc said on Thursday it was the victim of sophisticated cyber attacks on its networks by hackers who accessed data belonging to millions of customers along with the source code to some of its popular software titles. Chief Security Officer Brad Arkin said in a statement that the company believes the attackers accessed Adobe customer IDs and encrypted passwords and removed data relating to 2.9 million Adobe customers. That information includes customer names, encrypted payment card numbers, expiration dates and information relating to orders, he said. ... Full Story | Top |
| Instagram to start allowing ads in photo feeds Thursday, Oct 03, 2013 02:14 PM PDT  (Reuters) - The legions of people who use Instagram will start to see advertising in their photo sharing feed in the next couple of months. The popular photo-based social network, snapped up by Facebook Inc, will roll out advertising in the United States in a bid to become a "sustainable business," Instagram said in a blog post on Thursday. Instagram acknowledged the transition would be delicate since its 150 million users are not used to ads peppering photo streams of family and vacations, and might be alienated by the effort. ... Full Story | Top |
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