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| Take-Two delays launch of Grand Theft Auto V video game Thursday, Jan 31, 2013 10:57 AM PST (Reuters) - Take-Two Interactive Software Inc said on Thursday it has pushed back the launch of the latest game from its hit "Grand Theft Auto" franchise to September 17 from its previously announced release window of spring 2013. Shares of Take-Two were down six percent at $12.31 in early afternoon trading on the Nasdaq. The delay was to allow Take-Two's Rockstar Games studio, which develops "Grand Theft Auto" games, additional development time, the video game company said. ... Full Story | Top |
| Apple loses a U.S. appeals bid in Samsung patent fight Thursday, Jan 31, 2013 10:28 AM PST  SAN FRANCISCO (Reuters) - A U.S. appeals court on Thursday rejected Apple Inc's request to revive its bid for a sales ban on Samsung's Galaxy Nexus smartphone, dashing the iPhone maker's attempt to recover crucial leverage in the global patent wars. Apple had asked the full Federal Circuit Court of Appeals in Washington, D.C., to revisit a decision in October by a three-judge panel of the same court. The panel rejected Apple's request to impose a sales ban on Samsung's Nexus smartphone ahead of a trial set for March 2014. An Apple spokeswoman declined to comment. ... Full Story | Top |
| Microsoft sued over search-related patents Thursday, Jan 31, 2013 09:20 AM PST  NEW YORK (Reuters) - A lawsuit filed on Thursday alleges Microsoft Corp has been infringing patents that allow Internet search engines to most effectively place advertisements. I/P Engine Inc said in the suit filed in Manhattan federal court that Microsoft uses search technology based on inventions by two employees of I/P Engine's parent company, Vringo Inc. Microsoft uses the technology in systems that generate advertisements and associated links for users of the world's largest software company's search engine, Bing, the lawsuit said. ... Full Story | Top |
| Analysis: As growth wanes, Amazon begins to show Wall Street the money Thursday, Jan 31, 2013 08:56 AM PST  SAN FRANCISCO (Reuters) - After a spending spree in recent years pushed Amazon.com Inc's net results into the loss column, investors are betting that the company is tightening the purse strings and focusing on delivering a solid profit. Investors have watched with growing consternation since 2010, as the world's biggest online retailer spent billions erecting warehouses, amassing computer servers, buying video content and manufacturing tablets. Analysts say Amazon is emerging from that supercharged investment phase just as growth of its core retail business slows. ... Full Story | Top |
| Harman cuts outlook, jobs on weak European car audio sales Thursday, Jan 31, 2013 08:21 AM PST  (Reuters) - Audio systems maker Harman International Industries Inc slashed its full-year outlook and said it would cut up to 9 percent of its workforce after second-quarter profit missed Street estimates due to lower sales to European carmakers. Harman shares plunged 14 percent to $42.49 in morning trade on the New York Stock Exchange. "We expected European production to be lower, but the accelerated slowdown in the month of December really surprised us," Chief Executive Dinesh Paliwal told Reuters. ... Full Story | Top |
| Qatar Telecom to raise Asiacell stake in Iraq share sale Thursday, Jan 31, 2013 08:19 AM PST  BAGHDAD (Reuters) - Qatar Telecom (Qtel) plans to raise its stake in Asiacell as part of the Iraqi unit's $1.35 billion share sale, a Baghdad bourse official said on Thursday, as the Gulf telco seeks greater control of its foreign affiliates. Asiacell will be the first of Iraq's three mobile operators to carry out a listing, the first major offering since a U.S.-led invasion in 2003. In the past year, Qtel has spent $2. ... Full Story | Top |
| Smartphone cases - Built to survive drops, floods - and lawsuits? Thursday, Jan 31, 2013 08:15 AM PST  NEW YORK (Reuters) - The smartphone patent wars have lit up courtrooms around the world. Next up: the smartphone case wars. The makers of protective cases that shield cell phones from coffee spills and sticky-fingered toddlers are entangled in countless lawsuits seeking to protect their designs. The fights come as the mobile accessories market has gone upscale with some cases made by luxury designers costing more than the phones they cover. Some cases are billed as virtually destruction-proof, said to protect precious electronics from crushing blows or cresting waves. ... Full Story | Top |
| Facebook falls as mobile ad growth fails to impress Thursday, Jan 31, 2013 08:10 AM PST  (Reuters) - Shares of Facebook Inc fell as much as 8 percent on Thursday as a surge in fourth-quarter mobile advertising revenue failed to live up to Wall Street's high expectations. Facebook has long established itself as one of the most popular websites with more than a billion users, but investors have worried that until the company's mobile advertising strategy takes off, revenue growth will remain shaky. Three brokerages downgraded the stock, but most analysts said investor expectations were too high and Facebook's mobile advertising business was a good long-term bet. ... Full Story | Top |
| Exclusive: Huawei CFO linked to firm that offered HP gear to Iran Thursday, Jan 31, 2013 05:07 AM PST  LONDON (Reuters) - A Hong Kong-based firm that attempted to sell embargoed Hewlett-Packard computer equipment to Iran's largest mobile-phone operator has much closer ties to China's Huawei Technologies than was previously known, corporate records show. Cathy Meng, Huawei's chief financial officer and the daughter of company founder Ren Zhengfei, served on the board of Hong Kong-based Skycom Tech Co Ltd between February 2008 and April 2009, according to Skycom records filed with Hong Kong's Companies Registry. ... Full Story | Top |
| Telecoms boom leaves rural Africa behind Thursday, Jan 31, 2013 04:35 AM PST  JOHANNESBURG/FREETOWN (Reuters) - While mobile phone usage has exploded across Africa over the last decade, transforming daily life and commerce for millions, it's a revolution that has left behind perhaps two thirds of its people. Poor or no reception outside the towns helps explain why the continent's mobile penetration, in terms of the percentage of the population using the service, is far lower than previously thought, and the cost of providing that service to impoverished, sparsely populated areas remains prohibitive. ... Full Story | Top |
| KPN's debt-cutting solution could be a new share issue Thursday, Jan 31, 2013 02:59 AM PST  BRUSSELS (Reuters) - Dutch telecoms group KPN is widely expected to announce steps to cut debt when announcing full-year results next week, with some analysts bracing for a share issue. KPN, which will report 2012 results on February 5, breached its own debt target of 2.0-2.5 times debt to core profit (EBITDA) in the second quarter. The ratio hit 2.7 in the third quarter. Although it sold off assets, notably Dutch and German mobile phone towers, KPN had to pay an above-forecast 1.35 billion euros ($1.83 billion) at a mobile frequency auction which finished in December. ... Full Story | Top |
| Chipmaker Intel faces long march to mobile salvation Thursday, Jan 31, 2013 02:57 AM PST  (Reuters) - Intel Corp, the world's biggest chipmaker, opened a new front on Thursday in a long and stuttering campaign to get its processors into mobile phones, although it appears to still have a long way to go. It joined PC maker Acer Inc in Bangkok to unveil the Liquid C1 smartphone, a $330 device running Google Inc's Android operating system, which will be launched first in Thailand and then rolled out across Southeast Asia, one of the fastest-growing markets for mobile phones. ... Full Story | Top |
| Analysts greet BlackBerry launch with downgrades Thursday, Jan 31, 2013 02:49 AM PST  (Reuters) - Research In Motion Ltd's glitzy unveiling of the long-delayed line of BlackBerry smartphones on Wednesday and a new corporate name failed to impress Wall Street analysts, with at least three downgrading the company's stock. RIM, which renamed itself BlackBerry, showcased two devices, Z10 and Q10, running on its new BB10 operating system as the smartphone pioneer looks for a fresh start. "Despite recent enthusiasm for RIM's new BB10 devices, we see limited scope for traction in the hypercompetitive smartphone market," Credit Suisse analysts wrote in a note. ... Full Story | Top |
| Network sales growth fires hope of Ericsson turnaround Thursday, Jan 31, 2013 02:41 AM PST  STOCKHOLM (Reuters) - A sales recovery at Ericsson's key networks unit raised hopes on Thursday the world's top mobile telecom gear maker is beginning to shake off the global downturn. Ericsson's biggest business, which builds mobile networks, showed fourth-quarter sales growth - the first rise in more than a year - helping the company as a whole to post year on year sales up 5 percent. Margins in the unit also rose from the previous quarter. ... Full Story | Top |
| Electronic Arts slashes 2013 outlook as industry struggles Wednesday, Jan 30, 2013 05:32 PM PST SAN FRANCISCO (Reuters) - Electronic Arts Inc slashed its fiscal 2013 earnings forecast after a weaker-than-expected holiday quarter marked by disappointing sales of its "Medal of Honor" title, as the industry struggles with flagging demand. The games maker forecast non-GAAP revenue for the year to end-March of $3.8 billion to $3.9 billion and earnings of $0.86 to $1.00 per share from $1.00 to $1.15 per share previously, down about 13 percent at the mid-point. ... Full Story | Top |
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