Reuters: Technology News

Sharp to post worse-than-forecast annual loss: sources

Wed, 01 May 2013 03:10:36 GMT

TOKYO (Reuters) - Sharp Corp, which supplies Apple Inc with screens for its iPhone and iPad, will post a bigger-than-forecast net loss for the year that ended on March 31 in part because low output at its factories forced it to write off excess capacity, two sources with knowledge of the result said.

Exclusive: Bain, Golden Gate in the lead to buy BMC Software - sources

Wed, 01 May 2013 02:09:33 GMT

NEW YORK (Reuters) - A private equity group made up of Bain Capital LLC and Golden Gate Capital Corp has emerged as the lead contender to buy BMC Software Inc for more than $6.5 billion, three people familiar with the matter said on Tuesday.

First legal online poker site goes live in Nevada

Wed, 01 May 2013 01:16:12 GMT

(Reuters) - Already home to the Las Vegas strip with its casinos and high-stakes games, Nevada on Tuesday became the first state where residents can legally play poker online for money.

First legal online poker site goes live in Nevada

Wed, 01 May 2013 01:16:08 GMT

(Reuters) - Already home to the Las Vegas strip with its casinos and high-stakes games, Nevada on Tuesday became the first state where residents can legally play poker online for money.

Yahoo scraps Dailymotion bid after French government concerns: reports

Wed, 01 May 2013 00:48:27 GMT

SAN FRANCISCO (Reuters) - Yahoo Inc has abandoned an effort to acquire a majority stake in online video website Dailymotion due to objections by the French government, according to media reports, scrapping what would have been the biggest deal in the 10-month tenure of Yahoo CEO Marissa Mayer.

Uber investor gauges interest in major new funding round: source

Wed, 01 May 2013 00:41:39 GMT

(Reuters) - An investor in Uber, the fast-growing alternative taxi service, has reached out to a venture capital firm about a potential new funding round that could value the company at $1 billion or more, a person familiar with the situation told Reuters.

SolarWinds forecasts second quarter below estimates

Tue, 30 Apr 2013 22:46:33 GMT

(Reuters) - SolarWinds Inc's first-quarter revenue missed analysts' estimates and the network management software maker forecast current-quarter results below expectations as it struggles to sell new licenses.

Speed traders eyed after Twitter hack attack: regulator

Tue, 30 Apr 2013 21:59:44 GMT

WASHINGTON (Reuters) - The phony tweet from the Associated Press' hacked Twitter account, which sparked a short-lived panic in the stock market a week ago by saying that President Barack Obama was injured in two explosions at the White House, underscored the need to look at regulating automated trading, the top U.S. derivatives regulator said on Tuesday.

Apple wows market with record $17 billion bond deal

Tue, 30 Apr 2013 21:44:25 GMT

NEW YORK/LONDON, April 30 (IFR) - Apple Inc wowed the debt markets on Tuesday with the largest non-bank bond deal in history, pricing a whopping $17 billion as the U.S. computer giant switches strategy to placate restless shareholders.

Flextronics revenue falls; more weakness ahead

Tue, 30 Apr 2013 21:26:37 GMT

(Reuters) - Contract electronics maker Flextronics International Ltd reported a quarterly loss after the departure of key customer BlackBerry, and it warned earnings in the current quarter may fall below analysts' estimates.

Former Goldman programmer fails to win dismissal of code theft case

Tue, 30 Apr 2013 21:26:27 GMT

NEW YORK (Reuters) - A former Goldman Sachs Group Inc computer programmer failed to win the dismissal of charges by Manhattan's district attorney of stealing secret trading code, despite having earlier had his federal conviction over the same activity thrown out.

Yahoo expands paid maternity, paternity benefits

Tue, 30 Apr 2013 21:00:53 GMT

SAN FRANCISCO (Reuters) - Yahoo Inc has increased the amount of paid leave new parents can take, bringing the Internet company closer to the policies of some of its Silicon Valley peers from which it hopes to lure engineers.

Veeva Systems planning initial public offering: sources

Tue, 30 Apr 2013 20:31:44 GMT

(Reuters) - Life sciences-focused software company Veeva Systems is planning an initial public offering that could come in the third quarter and has selected banks to lead the deal, according to two people familiar with the matter.

Leap Wireless revenue falls as it loses customers

Tue, 30 Apr 2013 20:27:21 GMT

NEW YORK (Reuters) - Wireless service provider Leap Wireless reported on Tuesday a wider quarterly loss as revenue declined as it had more than 93,000 net customer losses in the first quarter.

Mexican Congress passes telecoms overhaul in swipe at Slim, rivals

Tue, 30 Apr 2013 19:28:31 GMT

MEXICO CITY (Reuters) - Mexico's Congress on Tuesday gave overwhelming final approval to an expansive overhaul of the telecommunications sector, which aims to boost competition in the industry and tame the likes of billionaire Carlos Slim and broadcaster Televisa.

Exclusive: Ride service Uber raising cash at $1 billion valuation

Tue, 30 Apr 2013 19:07:45 GMT

SAN FRANCISCO (Reuters) - Ride-sharing service Uber is raising a new funding round at a valuation of $1 billion, according to a person familiar with the situation.

Qualcomm steps up chip branding campaign, plans TV ad

Tue, 30 Apr 2013 19:05:50 GMT

SANTA CLARA, California (Reuters) - Qualcomm Inc is stepping up its Snapdragon chip branding campaign, including a commercial for movie theaters and television, in a bid to build customer loyalty in an increasingly competitive smartphone industry.

New CEO to expand Sirius beyond satellite radio in cars

Tue, 30 Apr 2013 18:23:01 GMT

(Reuters) - The new CEO of satellite radio company Sirius XM Radio Inc thinks radio is a good business, but for the future he said opportunities may lie with in-car services like automated safety.

Symantec shares plunge, traders see mini 'flash crash'

Tue, 30 Apr 2013 18:19:24 GMT

(Reuters) - Shares of Symantec Corp plunged some 10 percent in a matter of seconds on Tuesday before being halted by the Nasdaq, in the latest instance of what traders called a single-stock "flash crash."

Analysis: First Data's new CEO faces debt burden, needs growth

Tue, 30 Apr 2013 18:12:21 GMT

NEW YORK (Reuters) - First Data Corp's new chief, Frank Bisignano, said he can tackle the world's largest payment processing company's roughly $24 billion debt burden by boosting profits and positioning it for an initial public offering. But the former JPMorgan Chase & Co executive has a tough task ahead.

SoftBank slams Dish's Sprint bid, rules out sweeteners

Tue, 30 Apr 2013 17:27:07 GMT

TOKYO/NEW YORK (Reuters) - SoftBank Corp President Masayoshi Son came out swinging on Tuesday against Dish Network Corp's rival bid for Sprint Nextel Corp, saying the satellite TV company would cripple Sprint with debt and was ill-prepared to run a wireless service.

Apple bond order book tops $50 billion: market sources

Tue, 30 Apr 2013 16:38:10 GMT

NEW YORK, April 30 (IFR) - Apple Inc has attracted more than $50 billion in orders for its six-part debt sale expected to price later on Tuesday, according to two market sources.

Apple bond order book tops $50 billion: market sources

Tue, 30 Apr 2013 16:04:23 GMT

NEW YORK, April 30 (IFR) - Apple Inc has attracted more than $50 billion in orders for its six-part debt sale expected to price later on Tuesday, according to two market sources.

Jawbone acquires BodyMedia for more than $100 million: source

Tue, 30 Apr 2013 13:04:24 GMT

SAN FRANCISCO (Reuters) - Jawbone acquired BodyMedia Inc, the maker of weight-monitoring arm bands, for more than $100 million, according to a person familiar with the matter.

3D Systems revenue jumps as it sells more printers

Tue, 30 Apr 2013 12:55:51 GMT

(Reuters) - Three-dimensional printer maker 3D Systems Corp reported a 31 percent jump in quarterly revenue as it benefited from robust spending on manufacturing and R&D.