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| Microsoft shares hit by biggest sell-off since 2000 Friday, Jul 19, 2013 12:12 PM PDT  (Reuters) - Microsoft Corp shares fell more than 12 percent on Friday, their biggest plunge in 13 years, a day after the software company posted dismal quarterly results due to weak demand for its latest Windows system and poor sales of its Surface tablet. The sell off comes after the stock was riding at five-year highs and is the biggest in percentage terms since April 2000, when the world's largest software company was locked in an antitrust dispute with the U.S. government and the internet stock bubble was deflating rapidly. ... Full Story | Top |
| France clears Iliad of intentionally slowing down YouTube Friday, Jul 19, 2013 10:17 AM PDT  By Leila Abboud PARIS (Reuters) - France's telecom regulator has cleared Iliad, the country's second-biggest broadband provider, of intentionally slowing down Google's video-sharing site YouTube, following a six-month investigation. Prompted by customer complaints about the slowness of streaming video in peak evening hours, the regulator, ARCEP, examined if Iliad was hampering YouTube in a bid to get Google to pay money to help boost capacity on the overloaded network. ... Full Story | Top |
| Exclusive: Buyout firm GTCR looks to sell Six3 Systems - sources Friday, Jul 19, 2013 09:47 AM PDT By Soyoung Kim and Greg Roumeliotis (Reuters) - Buyout firm GTCR LLC is exploring a potential sale of Six3 Systems Inc, which provides intelligence services to national security and defense agencies, and hopes to fetch as much as $1 billion, four people familiar with the matter said on Friday. The Chicago-based private equity firm has hired Goldman Sachs Group Inc and JPMorgan Chase & Co to run a sale process for Six3, the sources said, and the auction is currently in the first round of bidding. ... Full Story | Top |
| Google shares set to open lower on margin decline, target price cuts Friday, Jul 19, 2013 04:24 AM PDT  (Reuters) - Google Inc's recent changes to its advertising system to increase revenue from mobile users took a toll on its second-quarter results, prompting at least six brokerages to lower their price targets on the stock. Shares of the internet search giant were set to open 4 percent lower on Friday. BMO Capital Markets, JP Morgan, Deutsche Bank and Raymond James cut their price targets on Google's stock by as much as $40 to factor in a drop in margins as the company invests in its non-core businesses. The lowest price target was $860, compared to the stock's closing price of $910. ... Full Story | Top |
| Vodafone sees no let-up from European woes Friday, Jul 19, 2013 01:53 AM PDT  By Kate Holton LONDON (Reuters) - Vodafone said it did not expect any let-up in the pressures weighing on its business, as the world's second-largest mobile operator reported first-quarter results hit by regulation and recession across Europe. The British group, which has been battling regulator-ordered price cuts, economic pressures and competition throughout its European markets, said on Friday it expected the next three months to follow broadly the same trends after reporting yet another sharp drop in its key revenue measurement. ... Full Story | Top |
| China upstart Qihoo 360 in talks to buy Sohu's search engine Friday, Jul 19, 2013 12:52 AM PDT By Paul Carsten BEIJING (Reuters) - Qihoo 360 Technology Co said it is in early talks with Sohu.com Inc to buy its Sogou search engine, a deal estimated to be worth up to $1.4 billion and which would help the upstart command a quarter of China's search market. Qihoo, a $7 billion U.S.-listed company, broke onto the scene last year and has rapidly eaten away at industry leader Baidu Inc's dominance to become the country's No.2 search engine firm with a 15 percent share. ... Full Story | Top |
| Apple, Google, dozens of others urge U.S. surveillance disclosures Thursday, Jul 18, 2013 09:06 PM PDT  (Reuters) - Dozens of companies, non-profits and trade organizations including Apple Inc, Google Inc and Facebook Inc sent a letter on Thursday pushing the Obama administration and Congress for more disclosures on the government's national security-related requests for user data. General Keith Alexander, director of the National Security Agency, suggested he was open to the idea but that officials were trying to determine a way to disclose that information without jeopardizing FBI investigations. "We just want to make sure we do it right, that we don't impact anything ongoing with the FBI. ... Full Story | Top |
| India's TCS surges after April-June earnings beat estimates Thursday, Jul 18, 2013 08:52 PM PDT  MUMBAI (Reuters) - Shares in Tata Consultancy Services Ltd, India's largest software services exporter, surged 3.5 percent in pre-open trading on Friday, a day after posting April-June earnings that beat estimates and maintaining an upbeat outlook. TCS said consolidated net profit for the quarter ended June 30 rose to 38.31 billion Indian rupees ($642.73 million) from 32.8 billion rupees a year earlier. That topped the 37.8 billion rupees average of 24 analyst estimates, according to Thomson Reuters I/B/E/S. (Reporting by Abhishek Vishnoi; Editing by Supriya Kurane) Full Story | Top |
| Taiwan a 'testing ground' for Chinese cyber army Thursday, Jul 18, 2013 06:10 PM PDT  By Michael Gold TAIPEI (Reuters) - Taiwan is the frontline in an emerging global battle for cyberspace, according to elite hackers in the island's IT industry, who say it has become a rehearsal area for the Chinese cyberattacks that have strained ties with the United States. The self-governing island, they say, has endured at least a decade of highly-targeted data-theft attacks that are then directed towards larger countries. ... Full Story | Top |
| Sharp aims to raise $1 billion from share sales by end-Sept: Kyodo Thursday, Jul 18, 2013 05:55 PM PDT TOKYO (Reuters) - Japan's Sharp Corp is aiming to raise 100 billion yen ($1 billion) from share sales by the end of September as the struggling display maker looks to partnerships and a public offering to bolster its finances, media reports and sources familiar with the situation said on Friday. The company plans a public offering of 90 billion yen by end-September, Kyodo news agency reported, while two sources familiar with the matter said it plans to raise 10 billion yen through a share sale to housing appliance maker Lixil Group Corp. ... Full Story | Top |
| Falling ad rates, Motorola losses dent Google results Thursday, Jul 18, 2013 04:57 PM PDT  By Alexei Oreskovic SAN FRANCISCO (Reuters) - Google Inc on Thursday reported second-quarter results short of Wall Street's estimates as weakening prices for the Internet company's ads and widening losses from its Motorola mobile phone business weighed on the bottom line. The falling ad prices surprised analysts and investors, who expected recent changes to the web search company's advertising system to help mitigate the effects of an industry-wide shift to mobile advertising. Shares of Google, which had risen to all-time highs in recent weeks, slid roughly 4 percent to $872. ... Full Story | Top |
| Nasdaq forum website hacked, passwords compromised Thursday, Jul 18, 2013 03:22 PM PDT  By John McCrank NEW YORK (Reuters) - Cyber-criminals targeted Nasdaq OMX Group's community forum website and gained access to the email usernames and passwords of the members of the site, which took two days to come back online on Thursday evening. The New York-based exchange operator said in an emailed letter to users of the forum that no e-commerce or transactions of any kind were taking place on the website. The forum was open to the general public to join. Nasdaq spokesman Joseph Christinat could not say how many people's information may have been compromised. ... Full Story | Top |
| Netflix's Emmy spotlight lifts status of online shows Thursday, Jul 18, 2013 03:20 PM PDT  By Lisa Richwine LOS ANGELES (Reuters) - The Emmy recognition for Netflix Inc elevated the stature of programming delivered solely over the Internet, a field that is attracting the biggest names in Silicon Valley and a roster of A-list Hollywood stars. Coming later this year, Amazon.com Inc will release political series "Alpha House" starring John Goodman, one of five original shows watchable only on its Prime Instant Video service. ... Full Story | Top |
| Microsoft profit misses as Surface tablets languish; shares drop Thursday, Jul 18, 2013 03:19 PM PDT  By Bill Rigby SEATTLE (Reuters) - Microsoft Corp on Thursday reported lower-than-expected quarterly earnings as slow personal computer sales ate into its Windows business and the company took an unexpected $900 million charge for its inventory of unsold Surface tablets. The stock fell 5 percent after hours from 5-year highs. ... Full Story | Top |
| Dell postpones meeting on buyout as more votes needed Thursday, Jul 18, 2013 02:56 PM PDT  By Nadia Damouni and Anna Driver NEW YORK/ROUND ROCK, Texas (Reuters) - Dell Inc on Thursday postponed a shareholder vote on CEO Michael Dell's $24.4 billion buyout offer, after he won 11th-hour backing from several large investors but still fell short of enough votes to seal the deal. The meeting was called and then adjourned minutes later, after shareholders gathered at Dell's headquarters in Texas. ... Full Story | Top |
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