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| Kabam says valuation climbs to $700 million with employee stock sale Monday, Jul 15, 2013 11:13 AM PDT By Malathi Nayak SAN FRANCISCO (Reuters) - Privately held mobile games maker Kabam is on track for 65 percent higher revenue of $300 million this year, and its employees have put up $38.5 million of stock for sale in a deal that puts its valuation at $700 million, the company said on Monday. The San Francisco-based company, which is behind "Kingdoms of Camelot" and competes with Zynga Inc and Supercell, gave its employees an opportunity to sell stock in a private offering that started late last week and is expected to close in a few weeks, a Kabam spokesman said without divulging details. ... Full Story | Top |
| Ex-Microsoft executive, ex-McDonald's CEO join HP board Monday, Jul 15, 2013 10:42 AM PDT  By Poornima Gupta and Sinead Carew SAN FRANCISCO/NEW YORK (Reuters) - Hewlett-Packard Co on Monday appointed three big-name directors, including former Microsoft Corp software chief Raymond Ozzie and former McDonald's Corp Chief Executive James Skinner, as the struggling PC maker searches for a chairman and addresses top-level stumbles of past years. The PC maker, which has been trying to strengthen its board after years of leadership calamities, also named Robert Bennett, former CEO of Liberty Media Corp and said it will continue searching for more directors. ... Full Story | Top |
| Software maker E2open plans more revenue, less BlackBerry Monday, Jul 15, 2013 09:08 AM PDT By Sruthi Ramakrishnan and Sriraj Kalluvila (Reuters) - Supply chain management software maker E2open Inc expects its revenue to hit $100 million for the first time next fiscal year, after replacing its dependence on BlackBerry Ltd and PC makers with a host of new customers. Chief Executive Mark Woodward said he expected E2open, which went public a year ago, to boost its sales in the 12 months to February 2015 after adding up to 20 new enterprise customers in the current fiscal year. "We do $80 million (in revenue) this year and we grow 30 percent next year. ... Full Story | Top |
| Google's Greater China president steps down Monday, Jul 15, 2013 06:05 AM PDT  By Paul Carsten BEIJING (Reuters) - Google Inc said on Monday that its vice-president and Greater China president, Liu Yun, has stepped down to pursue other opportunities. His replacement will be Scott Beaumont, who currently runs the company's partnerships business in Europe. Google's share of the search engine market in China has been slipping, spurred by its decision to no longer censor its searches on the mainland and move its servers to Hong Kong in March 2010, just months after Liu took over. ... Full Story | Top |
| Apple to probe death of Chinese woman who used iPhone when it was charging Monday, Jul 15, 2013 05:11 AM PDT  SINGAPORE (Reuters) - Apple Inc is investigating an accident in which a Chinese woman was killed by an electric shock when answering a call on her iPhone 5 while it was charging, the U.S. technology company said on Monday. Last Thursday, Ma Ailun, a 23-year-old woman from China's western Xinjiang region and a flight attendant with China Southern Airlines, was electrocuted when she took a call on the charging mobile telephone, the official Xinhua news agency quoted police as saying on Sunday. "We are deeply saddened to learn of this tragic incident and offer our condolences to the Ma family. ... Full Story | Top |
| Researchers hack Verizon device, turn it into mobile spy station Monday, Jul 15, 2013 04:57 AM PDT  By Jim Finkle NEW YORK (Reuters) - Two security experts said they have figured out how to spy on Verizon Wireless mobile phone customers by hacking into devices the U.S. carrier sells to boost wireless signals indoors. The finding, which the experts demonstrated to Reuters and will further detail at two hacking conferences this summer, comes at a time of intense global debate about electronic privacy, after top-secret U.S. surveillance programs were leaked by a former National Security Agency contractor, Edward Snowden, last month. "This is not about how the NSA would attack ordinary people. ... Full Story | Top |
| Apple to probe death of Chinese woman who used charging iPhone Monday, Jul 15, 2013 03:50 AM PDT SINGAPORE (Reuters) - Apple Inc is investigating an accident in which a Chinese woman was killed by an electric shock when answering a call on her iPhone 5 while it was charging, the U.S. technology company said on Monday. Last Thursday, Ma Ailun, a 23-year-old woman from China's western Xinjiang region and a flight attendant with China Southern Airlines, was electrocuted when she took a call on the charging mobile telephone, the official Xinhua news agency quoted police as saying on Sunday. "We are deeply saddened to learn of this tragic incident and offer our condolences to the Ma family. ... Full Story | Top |
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