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Daily Current Technology News - Reuter's Technology News

 Wed, 22 Oct 2014 22:18:16 GMT

AT&T revenue lower than expected as customers bring in their own phones
Wed, 22 Oct 2014 22:15:50 GMTWASHINGTON (Reuters) - AT&T Inc said on Wednesday its quarterly revenue rose but by less than Wall Street anticipated as a wave of subscribers plugged into the network using pre-purchased devices.

Early Apple computer sells for $905,000 at auction
Wed, 22 Oct 2014 21:37:16 GMT(Reuters) - One of the few remaining examples of Apple Inc's first pre-assembled computer, Apple-1, sold for $905,000 at an auction in New York on Wednesday, far outstripping expectations. owner fourth-quarter revenue forecast misses expectations
Wed, 22 Oct 2014 20:54:10 GMT(Reuters) - Yelp Inc, operator of consumer review website, forecast current-quarter revenue below analysts' average estimate, sending its shares down as much as 14 percent after the bell.

Microsoft looks set to drop Nokia name from smartphones
Wed, 22 Oct 2014 19:44:00 GMTSEATTLE (Reuters) - Microsoft Corp looks set to ditch the Nokia name from its Lumia range of smartphones just months after buying the Finnish company's handset business.

California venture firm does not have to release documents in discrimination suit
Wed, 22 Oct 2014 18:24:38 GMTSAN FRANCISCO (Reuters) - California’s privacy laws have saved a high-profile venture capital firm from having to release potentially embarrassing information about a former partner in a discrimination lawsuit by a former female partner.

Google launches new email service dubbed 'Inbox'
Wed, 22 Oct 2014 18:10:45 GMT(Reuters) - Google Inc launched an email service called "Inbox" on Wednesday that will better organize emails and display information such as appointments, flight bookings and package deliveries in a more user-friendly way.

3D Systems cuts revenue forecast due to production issues
Wed, 22 Oct 2014 16:36:47 GMT(Reuters) - 3D Systems Corp slashed its full-year revenue forecast that fell short of analysts' expectations as it struggles to capitalize on demand for 3D metal printers due to manufacturing constraints.

EMC cuts profit forecast as bookings fall at VMware unit
Wed, 22 Oct 2014 15:53:30 GMT(Reuters) - Data storage equipment maker EMC Corp cut its full-year profit and revenue forecast, hurt by lower bookings at its VMware Inc unit and a strong dollar.

India's Wipro sees rosier end to year as U.S. clients spend
Wed, 22 Oct 2014 15:13:44 GMTBANGALORE (Reuters) - India's third-biggest software services firm Wipro Ltd , under pressure to improve lackluster sales growth, said it saw a rosier end to the year as more confident U.S. clients increase spending.

EMC to buy much of Cisco's stake in joint venture VCE
Wed, 22 Oct 2014 13:12:00 GMT(Reuters) - Data storage products maker EMC Corp said it will buy much of Cisco System Inc's stake in their joint venture VCE for an undisclosed sum.

Hungary plans new tax on Internet traffic, public calls for rally
Wed, 22 Oct 2014 12:47:45 GMTBUDAPEST (Reuters) - Hungary plans to impose a new tax on Internet data transfers, a draft 2015 tax bill submitted to parliament late on Tuesday showed, in a move that could hit Internet and telecoms providers and their customers hard.

Lufthansa close to deal with IBM for IT infrastructure unit
Wed, 22 Oct 2014 12:23:42 GMTBERLIN/FRANKFURT (Reuters) - German airline Lufthansa is close to a deal to sell its IT infrastructure unit to IBM , including an outsourcing agreement for the services, as part of a shake-up of its technology activities, it said on Wednesday.

Big Tech winning battle with 'patent trolls'
Wed, 22 Oct 2014 12:05:22 GMT(Reuters) - For two decades, companies that buy software patents to sue technology giants have been the scourge of Silicon Valley. Reviled as patent trolls, they have attacked everything from Google's online ads to Apple's iPhone features, sometimes winning hundreds of millions of dollars.

China's Baidu, Ping An invest in Israeli VC fund Carmel
Wed, 22 Oct 2014 12:03:25 GMTTEL AVIV (Reuters) - Israeli venture capital firm Carmel Ventures said on Wednesday it raised $194 million for its Carmel Ventures IV fund with participation from new strategic investors in Asia that include Chinese Internet search engine Baidu.

U.S. government probes medical devices for possible cyber flaws
Wed, 22 Oct 2014 11:11:28 GMTBOSTON (Reuters) - The U.S. Department of Homeland Security is investigating about two dozen cases of suspected cybersecurity flaws in medical devices and hospital equipment that officials fear could be exploited by hackers, a senior official at the agency told Reuters.

Apple CEO discusses security with top Chinese official amid hacking claims: Xinhua
Wed, 22 Oct 2014 10:25:38 GMTBEIJING (Reuters) - Apple Inc Chief Executive Tim Cook discussed user data security at a meeting on Wednesday with a top Chinese government official in Beijing, the official Xinhua news agency reported.

SoftBank leads $100 million investment in Indonesian ecommerce firm Tokopedia
Wed, 22 Oct 2014 08:59:34 GMTTOKYO (Reuters) - SoftBank Corp announced Wednesday it will lead a $100 million investment round in Indonesian ecommerce giant PT Tokopedia, the Japanese mobile carrier's third investment overseas under Vice Chairman Nikesh Arora.

Hitachi Maxell cuts profit forecast, reduces headcount in battery unit
Wed, 22 Oct 2014 07:47:40 GMTTOKYO (Reuters) - Hitachi Maxell Ltd cut its annual operating profit forecast by 40 percent to 5.1 billion yen ($48 million) on Wednesday and said it would reduce headcount in its lithium ion battery business after high-end smartphone sales sagged.

Lufthansa to sell IT business, takes 240 million euro charge
Wed, 22 Oct 2014 06:32:20 GMTFRANKFURT (Reuters) - German airline Lufthansa said on Wednesday it was close to selling its IT infrastructure division and completing an outsourcing deal with IBM , which will result in a 240 million euro ($305.57 million) pre-tax charge in 2014.




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