Daily News: Reuters Technology News Headlines - Exclusive: Microsoft in talks with ValueAct over board seat - sources

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Friday, Jul 19, 2013 03:56 PM PDT
Today's Reuters Technology News Headlines - Yahoo! News: Exclusive: Microsoft in talks with ValueAct over board seat - sources Microsoft shares hit by biggest sell-off since 2009 Google's Motorola to hold Moto X phone event on August 1 Samsung close to mobile-device deal with FBI: sources

Exclusive: Microsoft in talks with ValueAct over board seat - sources  Friday, Jul 19, 2013 03:56 PM PDT By Nadia Damouni and Bill Rigby NEW YORK/SEATTLE (Reuters) - Members of Microsoft Corp's board have held talks with ValueAct Capital Management LP in recent days over the activist shareholder's demands to secure a seat on the company's board, two sources close to the matter said on Friday. ValueAct, which wants a say in the way the world's largest software company is adapting to the new world of mobile computing, is seeking to nominate a person from its own organization, the sources said. ... Full Story	Top
Microsoft shares hit by biggest sell-off since 2009  Friday, Jul 19, 2013 03:45 PM PDT (Reuters) - Microsoft Corp shares fell more than 11 percent on Friday, their biggest plunge in more than four 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 stock's selloff, from five-year highs, is the biggest in percentage terms since January 2009, when the world's largest software company cut 5,000 jobs during the recession. At one point in the day, losses exceeded 12 percent, making it the biggest fall since the Internet stock bubble burst in 2000. ... Full Story	Top
Google's Motorola to hold Moto X phone event on August 1  Friday, Jul 19, 2013 03:22 PM PDT By Alexei Oreskovic SAN FRANCISCO (Reuters) - Google Inc's Motorola division appears set to unveil its much anticipated Moto X phone on August 1 at an event in New York City. Email invitations sent to the media on Friday displayed the Moto X name in bold letters. The invitation depicted several youths holding the Moto X, the first smartphone Motorola has developed since its 2012 acquisition by Google. Motorola, which Google bought for $12.5 billion, has steadily ceded market share to Apple Inc and Samsung Electronics Co, with most of its latest phones garnering relatively lukewarm receptions. ... Full Story	Top
Samsung close to mobile-device deal with FBI: sources  Friday, Jul 19, 2013 02:57 PM PDT By Euan Rocha and Sinead Carew (Reuters) - Samsung Electronics Co Ltd is close to signing a deal to sell its popular line of Galaxy devices to the U.S. Federal Bureau of Investigation, sources familiar with the situation said on Friday. The deal would be a boost for Samsung, which is increasingly seeking to cater to the needs of government agencies, a niche long dominated by Canadian smartphone maker BlackBerry Ltd. The FBI, with more than 35,000 employees, at present uses mainly BlackBerry devices. ... Full Story	Top

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