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| RIM faces its day of reckoning with BlackBerry 10 launch Tuesday, Jan 29, 2013 11:23 AM PST  NEW YORK (Reuters) - The innovative line of BlackBerry smartphones that Research In Motion Ltd will formally unveil on Wednesday has already succeeded on one crucial count - getting RIM back in the conversation. The new BlackBerry 10 has created a buzz among technology watchers and financial analysts, thanks to nifty features that may set it apart in an overcrowded smartphone market. RIM stock has almost tripled over the past four months on hopes the devices can restore RIM to sustained prosperity. Reviewers like the browser speed and the intuitive keyboard on RIM's new touchscreen. ... Full Story | Top |
| U.S. government warns of hack threat to network gear Tuesday, Jan 29, 2013 09:32 AM PST BOSTON (Reuters) - The U.S. Department of Homeland Security urged computer users on Tuesday to disable a common networking technology feature, after researchers warned that hackers could exploit flaws to gain access to tens of millions of vulnerable devices. The U.S. government's Computer Emergency Readiness Team advised consumers and businesses to disable a feature known as Universal Plug and Play or UPnP, and some other related features that make devices from computers to printers accessible over the open Internet. ... Full Story | Top |
| Investor urges IGT to rethink online gaming move Tuesday, Jan 29, 2013 07:41 AM PST (Reuters) - U.S. slot machine maker International Game Technology should consider strategic alternatives for the social gaming unit it bought for $500 million a year ago and focus instead on growing Asian markets, an investor in the company said. Jason Ader, whose investment firm is leading a group seeking representation on the board of IGT, said he believed the company had lost its focus by venturing into online gaming. "IGT needs to get back to basics in developing games for its casino customers in the U.S. ... Full Story | Top |
| Apple announces iPad with double storage capacity Tuesday, Jan 29, 2013 07:04 AM PST  (Reuters) - Apple Inc said on Tuesday that it will sell a version of its iPad tablet computer with 128 gigabytes of storage, which is twice the capacity of its existing models. Apple, which has sold more than 120 million iPads so far, said that the new iPad will go on sale February 5, in black or white, for a suggested retail price of $799 for the iPad with just Wi-Fi model, and $929 for the version that also has a cellular wireless connection. (Reporting By Sinead Carew; Editing by Gerald E. McCormick) Full Story | Top |
| Nokia invests $250 million in venture funding Tuesday, Jan 29, 2013 12:23 AM PST  HELSINKI (Reuters) - Finnish mobile phone maker Nokia said on Tuesday it would invest $250 million in a new venture fund for mobile technology startups. It would be the third fund for Nokia Growth Partners, Nokia's global venture firm which invests in mobile hardware and component companies as well as digital advertising startups. Nokia Growth Partners had $600 million under management, according to its website. (Reporting by Ritsuko Ando; Editing by Mark Potter) Full Story | Top |
| Yahoo sees revenue climb this year, but long road ahead Monday, Jan 28, 2013 06:54 PM PST  (Reuters) - Yahoo Inc forecast a modest uptick in revenue for the current year as it revamps its family of websites but Chief Executive Marissa Mayer warned it would be a long journey to revive the Internet company's fortunes. In Yahoo's first financial outlook since Mayer became CEO in July, the company outlined a plan to trigger a "chain reaction of growth" by overhauling a dozen of its online services to increase the amount of time users spent on its websites. It also pointed to strength in its search advertising business and progress made in improving its internal operations. ... Full Story | Top |
| Pervasive Software to be acquired by Actian for $161.9 million Monday, Jan 28, 2013 06:21 PM PST (Reuters) - Pervasive Software Inc said it had agreed to be acquired by Actian Corp, after the privately held big data management company raised its earlier offer by about 8 percent to $161.9 million. Actian will offer $9.20 in cash to Pervasive shareholders for each Pervasive share. The offer price represents a premium of 2 percent to Pervasive's closing price of $9.05 on Monday on the Nasdaq. Actian, headquartered in California, had raised its bid for Texas-based Pervasive twice. It initially offered $8.50 per share last August, and increased the price to $9.00 in November. ... Full Story | Top |
| As world of gadgets grows, online industry tunes in to video ads Monday, Jan 28, 2013 06:13 PM PST SAN FRANCISCO (Reuters) - Internet video ads, long a sideshow in the online advertising market, are gaining in importance to marketers and Web publishers as they look to capitalize on consumers' changing viewing habits and tap a $70 billion (44.5 billion pounds) television market. The ever-expanding array of gadgets that display online video, from tablets to Internet-connected TVs and DVD players, along with technology such as social media that facilitates distribution, has spurred new interest. ... Full Story | Top |
| Google pledges fight over government access to users' email Monday, Jan 28, 2013 05:19 PM PST  WASHINGTON (Reuters) - Google will lobby Washington in 2013 to make it harder for law enforcement authorities to gain access to emails and other digital messages. In a blog post on Monday, linked to Data Privacy Day, Google's chief legal officer, David Drummond, said the tech giant, in coalition with many other powerful tech companies, will try to convince Congress to update a 1986 privacy protection law. He cited data showing that government requests for Google's user data increased more than 70 percent since 2009. ... Full Story | Top |
| Yahoo revenue rises on search advertising Monday, Jan 28, 2013 03:41 PM PST  (Reuters) - Yahoo Inc posted a 4 percent gain in net revenue to $1.22 billion in the fourth quarter, when an increase in search advertising sales offset weakness in the Web portal's display ad business. The company forecast net revenue -- which excludes fees shared with partner websites -- of $1.07 billion to $1.1 billion in the current quarter, trailing the $1.1 billion that Wall Street analysts expect on average. Shares in Yahoo, which is trying to stave off declines across much of its business and revive growth, were up 1.5 percent in after hours trade. They had risen 4. ... Full Story | Top |
| Seagate results beat estimates; sees lower 3rd-qtr revenue Monday, Jan 28, 2013 03:20 PM PST (Reuters) - Seagate Technology Plc forecast third-quarter revenue below analysts' estimates, on muted demand for its hard disk drives as consumers pick smartphones and tablets over PCs, sending its shares down 4 percent after the bell. Worldwide PC shipments declined to 90.3 million units in the last three months of 2012, research firm Gartner said earlier in January, indicating that the sector was suffering from a shift in consumer habits as much as a weak global economy. ... Full Story | Top |
| VMware disappoints with 2013 outlook, to cut jobs Monday, Jan 28, 2013 02:42 PM PST (Reuters) - Software maker VMware Inc said on Monday it was cutting 900 jobs as part of a restructuring plan, and it gave a disappointing outlook for 2013. Its shares fell 13 percent in after-hours trade. VMware, a publicly traded division of data storage equipment maker EMC Corp, said in a filing that "to enable the company to focus its business on strategic areas" it planned "to streamline its operations." VMware did not elaborate in the filing but said it expected to complete the move by the end of the year and that it would take a charge of $90 million to $110 million. ... Full Story | Top |
| U.S. warns Antigua against "government-authorized piracy" Monday, Jan 28, 2013 02:40 PM PST WASHINGTON (Reuters) - The United States warned Antigua and Barbuda on Monday not to retaliate against U.S. restrictions on Internet gambling by suspending American copyrights or patents, a move it said would authorize the "theft" of intellectual property like movies and music. "The United States has urged Antigua to consider solutions that would benefit its broader economy. However, Antigua has repeatedly stymied these negotiations with certain unrealistic demands," said Nkenge Harmon, a spokeswoman for the U.S. Trade Representative's office. ... Full Story | Top |
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