Daily News: Reuters Technology News Headlines - Top advisory firm backs Dell CEO's offer for PC maker

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Monday, Jul 08, 2013 12:26 PM PDT
Today's Reuters Technology News Headlines - Yahoo! News: Top advisory firm backs Dell CEO's offer for PC maker Israel's Matrix opens mobile app development centre in China Obama to outline second-term tech plan for 'smarter' government Internet big boys take aim at Singapore's 'regressive' new rules Majority of Sprint shares vote to receive cash in merger Japan's SoftBank says expects to complete Sprint deal on July 10 Shares of Samsung Electronics extend falls to more than 4 percent

Top advisory firm backs Dell CEO's offer for PC maker  Monday, Jul 08, 2013 12:26 PM PDT (Reuters) - The largest U.S. shareholder advisory firm recommended on Monday that Dell Inc stockholders vote in favor of Chief Executive Michael Dell's $24.4 billion buyout offer, increasing the odds of his prevailing against billionaire investor Carl Icahn's rival bid. Dell shareholders are scheduled to vote on the offer July 18. Several large investors have been pushing for improved terms. ... Full Story	Top
Israel's Matrix opens mobile app development centre in China  Monday, Jul 08, 2013 06:27 AM PDT TEL AVIV (Reuters) - Israeli information technology provider Matrix has opened a mobile application development center in Changzhou, China, the company said on Monday. The new center will specialize in developing mobile apps for Matrix clients in China and around the world. Matrix said it expects to launch additional centers across China. Financial details were not disclosed. The centre is a joint venture of Matrix and PTL Group, a Chinese based company owned by Israeli shareholders, serving as a partner to Matrix and John Bryce in China. ... Full Story	Top
Obama to outline second-term tech plan for 'smarter' government  Monday, Jul 08, 2013 05:42 AM PDT WASHINGTON (Reuters) - President Barack Obama will describe on Monday his second-term plan for "smarter government" by using technology and data to deliver services faster and save taxpayers money, the White House said. Obama will meet privately with his cabinet on Monday morning about the plan and then make public remarks at 11:50 a.m. (1550 GMT). The White House said the plan would build on progress made so far in opening up government data to entrepreneurs and in modernizing government services. ... Full Story	Top
Internet big boys take aim at Singapore's 'regressive' new rules  Monday, Jul 08, 2013 05:41 AM PDT By Kevin Lim and Jeremy Wagstaff SINGAPORE (Reuters) - Singapore's move to tighten regulation of news web sites, already under fire from bloggers and human rights groups, has attracted criticism from an unexpected quarter - large Internet firms with a big presence in the city-state which say the new rules will hurt the industry. Web giants Facebook Inc, eBay Inc, Google Inc and Yahoo! Inc have said the revised rules "have negatively impacted Singapore's global image as an open and business-friendly country". ... Full Story	Top
Majority of Sprint shares vote to receive cash in merger  Monday, Jul 08, 2013 05:04 AM PDT (Reuters) - The majority of Sprint Nextel Corp shares elected to receive cash when Japan's SoftBank Corp's takes control of the company. About 53 percent of Sprint's outstanding shares voted to take money in a July 5 preliminary election over the merger, Sprint and SoftBank said on Monday. Shareholders that elected to take cash will receive $5.65 in cash and 0.26174408 shares of new Sprint common for each common share owned. About 3 percent of shares elected to receive shares of Sprint common stock, while 44 percent of outstanding shares that did not vote will receive cash. ... Full Story	Top
Japan's SoftBank says expects to complete Sprint deal on July 10  Monday, Jul 08, 2013 04:41 AM PDT TOKYO (Reuters) - Japan's SoftBank Corp said on Monday that it expects to complete its $21.6 billion acquisition of U.S. wireless carrier Sprint Nextel Corp on Wednesday, July 10. SoftBank and Sprint received final regulatory approval for their deal from the Federal Communications Commission last week. The Japanese company said it expects the deal to close on Wednesday, U.S. Eastern Standard Time. (Reporting by Mari Saito; Editing by Edmund Klamann) Full Story	Top
Shares of Samsung Electronics extend falls to more than 4 percent  Sunday, Jul 07, 2013 07:15 PM PDT SEOUL (Reuters) - Samsung Electronics Co Ltd's shares extended falls to more than 4 percent after its second-quarter earnings estimates released on Friday failed to meet market forecasts, fuelling concerns about growth in its smartphone business. Shares in Samsung Electronics were down 4.3 percent at 1.212 million won as of 10:05 p.m. ET, after falling to as low as 1.211 million won earlier in the session, a 10-month intraday low. (Reporting by Jungyoun Park; Editing by Jacqueline Wong) Full Story	Top

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