More pain for Nokia, RIM seen as smartphones get cheaper

(Reuters) - Credit Suisse said competitive pressure in the smartphone industry was likely to increase over the next 12-18 months as a wave of low-end Android phones hits the market and Apple is seen releasing a cheaper iPhone in 2012.The brokerage, however,...

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Ericsson to buy Telcordia for $1.15 billion cash

By Patrick Lannin and Georgina ProdhanSTOCKHOLM/LONDON (Reuters) - Mobile network gear maker Ericsson is to spend $1.15 billion in cash to buy U.S. group Telcordia to help it manage an explosion in data and services and fend off tough competition.Ericsson...

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Samsung, Apple to end Nokia's smartphone reign

By Tarmo Virki, European Technology CorrespondentHELSINKI (Reuters) - Samsung Electronics Co Ltd will become the world's largest smartphone maker this quarter, overtaking struggling Nokia Oyj which has lead the market since 1996, Nomura said on Monday.In...

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Facebook looking at IPO in first quarter

 NEW YORK (Reuters) - Facebook is preparing to file for an initial public offering as early as October or November that could value the popular social networking site at more than $100 billion, financial news channel CNBC reported on Monday. Goldman...

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Apple, Google cloud can help curb online piracy: U.S.

By Foo Yun CheeBRUSSELS (Reuters) - Services developed by Apple Inc and Google for people to store photos, music and data online may do more to combat online piracy than regulation can, a U.S. official said on Wednesday.Victoria Espinel, the coordinator...

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FT launches Web-based app to work on all tablets

By Georgina ProdhanLONDON (Reuters) - The Financial Times is launching a new, Web-based version of its mobile app, the first of its kind by a major publisher, that will allow it to adapt quickly to new tablet PCs and reduce its dependence on Apple Inc.Until...

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All aboard the privacy-breach gravy train

NEW YORK (Reuters) - The hacking of a Sony Corp customer database this spring has attracted class-action lawyers and consumers eager to cash in on the high-profile privacy breach. At least 40 lawsuits have been filed in federal courts -- including at...

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Nokia drops targets and shares slump to 13-year low

By Ritsuko AndoHELSINKI (Reuters) - Mobile phone maker Nokia Oyj abandoned hope of meeting key targets just weeks after setting them, raising questions over whether its new boss can deliver on the turnaround he promised in February.Its shares tumbled...

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California may review AT&T/T-Mobile USA deal

NEW YORK (Reuters) - California regulators may open a formal examination of AT&T Inc's proposed $39 billion purchase of T-Mobile USA, a move that could delay or add conditions to approval of the deal.If successful, the deal would create the largest...

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Lockheed network suffers major disruption

By Andrea Shalal-Esa and Jim FinkleWASHINGTON/BOSTON (Reuters) - Lockheed Martin Corp, the Pentagon's No. 1 supplier, is experiencing a major disruption to its computer systems that could be related to a problem with network security, two sources familiar...

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Apple fights fake anti-virus software vendors

BOSTON (Reuters) - Apple Inc is fighting what security experts say may be the most pernicious types of computer virus to ever target its line of Mac computers. The company has issued a security advisory warning to customers about a recent scam that...

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Exclusive: SEC wasted $1 million on data storage, watchdog says

By Sarah N. LynchWASHINGTON (Reuters) -The Securities and Exchange Commission wasted $1 million on virtual data storage it bought in 2008, the agency's internal watchdog said, part of a series of investigations into the agency's procurement practices.SEC...

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Analysis: Sony's breach a hiccup to online game phenomenon

By Liana B. BakerNEW YORK (Reuters) - When service was finally restored to Sony Corp's PlayStation Network earlier this month, millions of customers rushed back to it, impatient to get back to battling friends in sports or shooter games.It was hardly...

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Verizon eyes family data plans

By Sinead CarewNEW YORK (Reuters) - Verizon Wireless expects to offer family plans for data services supporting multiple devices including smartphones and tablet computers at some point in the future, according to a top executive of parent company Verizon...

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Apple updates iMac line with new processors

NEW YORK (Reuters) - Apple Inc refreshed its lineup of iMac desktop computers with new Intel Corp processors that is says are up to 70 percent faster. The new iMac line will also include new Thunderbolt ports that were introduced earlier this year in...

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Microsoft plans sweeping pay raises: CEO memo

SEATTLE (Reuters) - Microsoft Corp plans to broadly raise salaries and stock awards to attract and retain top talent, Chief Executive Steve Ballmer said in an internal memo obtained by Reuters on Thursday. Microsoft, which like Silicon Valley companies...

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Sony Ericsson battles for parts after Japan quake

By Simon Johnson and Tarmo VirkiSTOCKHOLM/HELSINKI (Reuters) - Cellphone maker Sony Ericsson is suffering component shortages following the Japanese earthquake and has roped in its bigger parents to give it more muscle in the fight for supplies with...

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Top court hears Microsoft appeal on i4i patent

By James ViciniWASHINGTON (Reuters) - Microsoft Corp urged the U.S. Supreme Court on Monday to make it easier to challenge some patents as part of its appeal of a record $290 million jury verdict for infringing a small Canadian software firm's patent.An...

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Apple to stay ahead in tablet boom: Gartner

By Tarmo Virki and Miyoung KimHELSINKI/SEOUL (Reuters) - Apple's iPad will continue to dominate the surging media tablet market for years, with Google playing catch-up, research firm Gartner said on Monday.Gartner said it expects 70 million media tablets...

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Google's Page makes first changes to management

By Alexei OreskovicSAN FRANCISCO (Reuters) - Google Inc (GOOG.O) CEO Larry Page, in his first major reorganization since taking the reins as CEO, moved to streamline decision-making at the key social network, mobile, Internet software and Youtube product...

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Google offers $900 million for Nortel patents

By Alastair SharpTORONTO (Reuters) - Global Internet giant Google has bid $900 million for a warchest of patents from bankrupt Nortel Networks, in an initial "stalking horse" bid that's expected to draw in higher competing offers.Google, which runs the...

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Apple clobbered by rare Wall Street downgrade, Japan looms

By Edwin Chan and Noel RandewichLOS ANGELES/SAN FRANCISCO (Reuters) - A rare Wall Street downgrade stoked fears that Apple Inc's torrid growth is slowing and sent its shares sliding for the second straight day as nervous investors ponder the impact on...

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Hacker group releases BofA employee correspondence

By Joe Rauch CHARLOTTE, North Carolina (Reuters) - Anonymous, a hacker group sympathetic to WikiLeaks, released on Monday emails that it obtained from someone who said he is a former Bank of America Corp employee. In the emails dating from November...

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Apple iPad 2 to go on sale online first

NEW YORK (Reuters) - Apple Inc will kick off online sales of its new iPad in the early hours on Friday ahead of its evening store launch of the tablet computer. Consumers can start buying the iPad 2 on Apple's website at 4 a.m. ET on Friday while customers...

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Microsoft's Bing launches deals feature

(Reuters) - Microsoft Corp's Bing search engine said it launched 'Bing deals' for both the desktop and mobile, allowing consumers to find the best deals locally, a service that will pit it against daily deals website Groupon. The company has partnered...

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Google targets "content farms" in search tune-up

NEW YORK (Reuters) - Google Inc made substantial changes to its search engine in a direct attack on companies that churn out low-quality stories and videos.The results of the improvements to Google's algorithms used to list search rankings over the past...

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Apple iPad launch due on March 2

By Gabriel Madway and Sinead CarewSAN FRANCISCO/NEW YORK (Reuters) - Apple Inc is expected to launch its new iPad on March 2, contrary to speculation of a delay of the latest version of the popular tablet computer.One person familiar with the matter...

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3 Reasons, Why did Twitter suspend UberTwitter

Redirected from What was UberMedia doing to get themselves suspended from Twitter?   Why did Twitter suspend UberTwitter? http://support.twitter.com Source : Bill Gross, Founder and CEO of UberMedia Twitter told us today that they suspended our...

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Apple's Jobs to attend Obama meeting

By Patricia Zengerle and Gabriel MadwayWASHINGTON/SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Steve Jobs, who is on medical leave from the company, will attend a meeting in California on Thursday with U.S. President Barack Obama and other technology...

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Nokia-Microsoft pact seen creating Google rival

By Tarmo Virki, European Technology CorrespondentBARCELONA (Reuters) - Wireless industry executives mostly lauded the alliance between Nokia and Microsoft as good for competition and innovation, despite the stock market's disdain for the deal.The partnership...

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Twitter dismisses reports of Google interest

BARCELONA, Spain (Reuters) - Reports that Google has held takeover talks with Twitter that value the microblogging site at as much as $10 billion are "just a rumor," Chief Executive Dick Costolo said on Monday. Asked at the Mobile World Congress fair...

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Nokia surrenders and enlists Microsoft in smartphone war

By Tarmo Virki and Bill RigbyLONDON/SEATTLE (Reuters) - Nokia's last-ditch attempt to catch up with Google and Apple by teaming up with Microsoft Corp puts them back on the smartphone map, but gives rivals plenty of time to try and widen their lead.Shares...

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Sony profit on track, but hit products lacking

By Isabel Reynolds and James TophamTOKYO (Reuters) - Cost-cutting is keeping Sony Corp's profits on track for its full-year target but investors say more inspiration and a hit product is needed to restore growth to a company once a symbol of Japan's...

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