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| Dell nears buyout that could top $24 billion: sources Friday, Feb 01, 2013 11:18 AM PST  NEW YORK (Reuters) - Dell Inc is edging closer to an agreement to sell itself to a buyout consortium led by Michael Dell, its founder and chief executive, and private equity firm Silver Lake Partners in a deal that could top $24 billion, people familiar with the matter said on Friday. The buyout consortium is negotiating taking Dell private at $13 to $14 per share, two of the people said. This translates into an equity valuation for the Round Rock, Texas-based company of between $22.6 billion and $24.4 billion. Dell shares were up 2.5 percent at $13.57 in afternoon trading. ... Full Story | Top |
| Google to pay 60 million euros into French media fund Friday, Feb 01, 2013 11:10 AM PST  PARIS (Reuters) - Google is to pay 60 million euros ($82 million) into a special fund to help French media develop their presence on the Internet under a top-level deal signed on Friday, but will not pay them for posting links to their content. French publishers had been pushing for Google to pay them licensing fees for listing headlines and snippets of articles in its search engine results. ... Full Story | Top |
| Google moves closer to resolving EU investigation Friday, Feb 01, 2013 10:46 AM PST  BRUSSELS (Reuters) - Google Inc has offered to change some of its business practices to appease European competition authorities and avoid billions of dollars in fines. The European Commission said on Friday it had received detailed proposals from the world's most popular search engine, which has been under investigation for two years following complaints from more than a dozen companies, including Microsoft, that Google has used its market power to block rivals. ... Full Story | Top |
| Regulator likely to free more UK airwaves for 4G Friday, Feb 01, 2013 10:08 AM PST LONDON (Reuters) - Mobile phone operators Vodafone and Three have asked British regulator Ofcom for permission to re-use their existing airwaves for 4G services, following in the footsteps of larger rival EE. Britain got superfast mobile broadband late last year, long after countries such as the United States and Japan, when Ofcom allowed EE to run 4G services over its allocated spectrum. Ofcom said on Friday it had started a consultation over liberalizing more of the spectrum that was previously licensed for 2G and 3G mobile services in response to the requests. ... Full Story | Top |
| Microsoft sued over search-related patents Friday, Feb 01, 2013 08:45 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 |
| HP to close site in Germany, cutting 850 jobs Friday, Feb 01, 2013 08:36 AM PST  (Reuters) - Computer maker Hewlett-Packard Co said on Friday it is planning to close a site in Germany by the end of October as part of its multi-year restructuring plan. HP said it was closing its site in Ruesselsheim, Germany, southwest of Frankfurt, and that around 850 jobs would be cut. The remaining 250 employees may be able to transfer to HP partners or clients. The restructuring of its enterprise services business will not affect HP's other major sites in Germany, the company said, adding that it would continue to employ about 10,000 people in Europe's largest economy. ... Full Story | Top |
| Court rejects Oracle's bid for a quicker end to HP suit Friday, Feb 01, 2013 07:44 AM PST  SAN FRANCISCO (Reuters) - A California appeals court on Thursday rejected an attempt by Oracle Corp to quickly end a bitter lawsuit brought by Hewlett-Packard Corp over Oracle's decision in 2011 to end support for HP's Itanium based servers. HP accused Oracle of violating a contract when it decided it would no longer make new versions of its database software, which was compatible with HP's high-end servers based on Intel Corp's Itanium chips. Oracle maintained it had no such contract with HP. The servers tend to be used by large corporations with rigorous computing needs. ... Full Story | Top |
| Samsung Electronics chairman wins $4 billion court feud over family fortune Thursday, Jan 31, 2013 11:17 PM PST  SEOUL (Reuters) - Samsung Electronics Co Ltd Chairman Lee Kun-hee fended off a lawsuit by estranged family members demanding he hand over billions of dollars of shares in Samsung companies as a South Korean court ruled in his favor on Friday. Lee, 71, and Samsung Everland, a de facto holding company for the country's largest conglomerate, were defending against three lawsuits by Lee's relatives seeking nearly $4 billion in assets in Samsung Life Insurance Co Ltd, which sits at the heart of the web of Samsung group shareholdings, and Samsung Electronics, the group's crown jewel. ... Full Story | Top |
| Sony ignites talk of PS4 unveil with Playstation meeting Thursday, Jan 31, 2013 09:02 PM PST  TOKYO (Reuters) - Sony Corp will this month host its first major Playstation meeting in two years, sparking a flare-up in online speculation the Japanese consumer electronics giant is preparing to unveil the successor to its 70 million-selling PS3 games console. Sony declined to say whether it would release a new product at the meeting in New York on February 20. "We will be talking about the Playstation business," spokesman Masaki Tsukakoshi said on Friday. A Google search for "Sony Feb 20 Playstation" returned more than 7 million hits. ... Full Story | Top |
| Airbus says it has a "Plan B" for A350 jet batteries Thursday, Jan 31, 2013 07:16 PM PST  TOULOUSE, France (Reuters) - Airbus has studied alternatives to lithium-ion batteries for its next jet, the A350, and has time to adapt to any rule changes prompted by the problems that have grounded Boeing Co's 787 Dreamliner, its top executive said. Airbus plans to use lithium-ion batteries on the A350, similar to the technology incorporated in Boeing's 787 airliners, and so far has stood by the modern power packs. "We studied the integration of these batteries on the A350 very carefully," Airbus Chief Executive Fabrice Bregier told a group of French aerospace journalists on Thursday. ... Full Story | Top |
| Audio company Audience sees fast growth, even with less Apple Thursday, Jan 31, 2013 07:13 PM PST SAN FRANCISCO (Reuters) - Audience Inc seems to be doing pretty well, even with less of Apple: the audio technology company forecast quarterly revenue well above Wall Street's expectations, helped by more business from Samsung and other smartphone makers. Shares of Audience jumped 24 percent in after hours trading, after the company said Thursday that it expected revenue between $43 million and $46 million in the March quarter, versus analysts' average estimate of $31.8 million, according to Thomson Reuters I/B/E/S. ... Full Story | Top |
| Facebook stock avoids steep drop as Street rethinks results Thursday, Jan 31, 2013 02:40 PM PST  (Reuters) - Shares of Facebook Inc recovered from an 8 percent slide on Thursday, finishing the regular session down less than 1 percent, as Wall Street's initial alarm over mobile revenue results and spending plans subsided. Facebook said on Wednesday that fourth-quarter mobile advertising revenue doubled from the third quarter, but the results failed to live up to some investors' high expectations. Chief Executive Mark Zuckerberg's comments about boosting spending in the coming year signaled that profit margins will be under pressure, adding to concerns. ... Full Story | Top |
| U.S. tablet shipments soar during holidays, threaten to surpass PCs Thursday, Jan 31, 2013 12:17 PM PST  SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook's prediction that tablets would one day outsell personal computers appears to be coming true. Holiday season shipments of tablet computers touched a record 52.5 million, up 75 percent from a year ago, as consumers snapped up a wide range of the touch-enabled mobile devices and lower priced offerings, according to International Data Corp (IDC), which tracks both markets. Growth of the tablet market handily outpaced that of personal computers, with PC shipments sliding 6.4 percent to 89.8 million in the October-December period. ... Full Story | Top |
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