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Reuters: Technology News 

Facebook has never been stronger since IPO, Sandberg says

SAN FRANCISCO (Reuters) - A year after Facebook Inc's fumbled IPO, Wall Street remains slow to recognize what Chief Operating Officer Sheryl Sandberg argues has been an across-the-board improvement in its business.

Sony to consider Third Point's proposal: Sony CEO Hirai

TOKYO (Reuters) - Sony Corp CEO Kazuo Hirai said on Thursday that the electronics firm's board will consider hedge fund Third Point's suggestion to spin-off the electronics company's profitable entertainment arm.

Rocket's Lazada gets $100 million in bid to be Southeast Asia's Amazon

(Reuters) - Lazada, the Southeast Asian online retail company founded by Germany's Rocket Internet Gmbh, has secured another $100 million from investors in its bid to lift the region from its status as an e-commerce backwater.

John McAfee resurfaces as ranting video star, mocks McAfee software

BOSTON (Reuters) - Eccentric software pioneer John McAfee is back in the spotlight - lashing out at the anti-virus software that bears his name in a profanity-laced video.

Yahoo rejects fears hackers will exploit old user IDs

SAN FRANCISCO (Reuters) - Yahoo Inc on Wednesday downplayed concerns that its plans to recycle inactive user IDs could leave users exposed to hackers, saying only 7 percent of those IDs are tied to actual Yahoo email accounts.

Analysis: Sprint should raise Clearwire bid to avoid Dish tension

NEW YORK (Reuters) - Sprint Nextel Corp should consider raising its offer price for Clearwire Corp or risk being saddled with a contentious relationship with Dish Network Corp, controlled by feisty billionaire Charlie Ergen.

Microsoft reverses position on Xbox One Internet, game sharing

SEATTLE (Reuters) - Microsoft Corp said on Wednesday that users of its forthcoming Xbox One game console will be able to play games offline without establishing an Internet connection, and will be able to lend or sell used disc-based games.

Microsoft talked with Nokia about buying devices unit: report

SEATTLE (Reuters) - Microsoft Corp recently talked with Nokia about buying the Finnish phone maker's devices unit, but the discussions faltered and are not likely to be revived, the Wall Street Journal reported Wednesday in its online edition.

Micron profit beats estimates as chip prices climb

(Reuters) - Micron Inc reported a better-than-expected quarterly profit due to higher prices for its memory chips used in personal computers, mobile handsets and tablet devices.

Finisar profit beats Street estimates, shares jump

(Reuters) - Network equipment maker Finisar Corp reported a quarterly profit that beat analysts' expectations as demand for its fiber optic products rose.

BlackBerry shares fall as analyst downgrades stock ahead of earnings

TORONTO (Reuters) - BlackBerry shares fell 4 percent on Wednesday after a Bernstein Research analyst cut his rating on the stock to "underperform" ahead of the company's quarterly earnings release next week.

Nvidia's stock jumps on license plan; Wall Street eyes Apple

(Reuters) - Shares of chipmaker Nvidia surged nearly 6 percent on Wednesday after the company said it plans to license its graphics technology, opening the door to new business with Apple, Samsung Electronics and other mobile device makers.

Icahn reiterates commitment for Dell buy

NEW YORK (Reuters) - Carl Icahn reiterated his interest in owning Dell Inc and said the $5.2 billion in financing he's putting together to back his bid for the company continues to move forward as planned. The comments came in a telephone interview Tuesday, echoing statements he made earlier in the day in an open letter to Dell shareholders.

Softbank closer to acquiring Sprint after Dish abandons bid for now

TOKYO/NEW YORK (Reuters) - Japan's SoftBank Corp cleared a major hurdle in its attempt to buy U.S. wireless provider Sprint Nextel Corp, as rival bidder Dish Network Corp declined to make a new offer after SoftBank sweetened its own bid last week.

FINRA reviewing brokerages' use of social media

(Reuters) - Wall Street's Financial Industry Regulatory Authority is looking at how brokerage firms supervise their use of communication outlets such as Facebook, Twitter and LinkedIn, the industry-funded regulator said.

Cyber threats and leaks spur increased security focus

PARIS (Reuters) - Increased cyber espionage by China and recent leaks by a contractor working at the National Security Agency have put a sharp focus on cyber security for aerospace and defense companies showing off their wares at this year's Paris Airshow.

Microsoft offers hefty bounties to thwart hackers

BOSTON (Reuters) - Microsoft Corp is looking to recruit computer geeks in its ongoing efforts to protect Windows PCs from attacks, offering rewards of as much as $150,000 to anybody who helps identify and fix major security holes in its software.

Cisco to invest in Israeli venture capital funds

JERUSALEM (Reuters) - Cisco Systems will invest $15 million in Israeli venture capital funds as part of a broader plan to expand its operations in Israel and outside the United States, the company said on Wednesday.

Telecom Italia eyes network deal with regulator by early 2014

ROME (Reuters) - Telecom Italia aims to reach a deal with Italy's telecommunications regulator AGCOM on the spin off of its domestic fixed line network by early next year, the company's chairman said on Wednesday.

Sony spin-off plan off the agenda but on the radar at shareholder meeting

TOKYO (Reuters) - Sony Corp's top investor Daniel Loeb will miss its shareholder meeting on Thursday and those attending will not be considering his proposal to partially spin off the lucrative entertainment business, sources familiar with the matter said.

Imagination Technologies' profit dips on licensing slowdown

LONDON (Reuters) - Imagination Technologies, the British chip designer whose graphics technology is in smartphones from Apple and Samsung, reported lower full-year profits as licensing slows.

New CEO begins Alcatel makeover

PARIS (Reuters) - Telecom equipment maker Alcatel-Lucent plans to focus on networking products and high-speed broadband and will slim down with a billion euros in cost cuts by 2015 in a bid to reverse years of losses.

Rhode Island on track to make payment on 38 Studios bonds

(Reuters) - Rhode Island remains on track to make a $2.5 million interest payment next year on bonds that were used to finance the facilities of 38 Studios, a now-bankrupt videogame company founded by former Boston Red Sox pitcher Curt Schilling.

Acer sees tablet, notebook PC shipments to be flat in second quarter

TAIPEI (Reuters) - Acer Inc, the world's No.4 PC vendor, said on Wednesday that it expects notebook and tablet PC shipment to be flat in the second quarter from the first quarter, versus an prediction of 0-5 percent growth made in April.

Kodak prepares $406 million offering as it eyes bankruptcy exit

(Reuters) - Eastman Kodak Co on Tuesday said it will seek court approval for a $406 million rights offering that could give creditors a big equity stake in the company after it emerges from Chapter 11 bankruptcy protection.

Nvidia to license graphics technology: CEO

SAN FRANCISCO (Reuters) - Nvidia Chief Executive Jen-Hsun Huang said he will license graphics technology to other companies, a new model for the chipmaker that could lead to new business with Apple, Samsung and other mobile device makers.

FCC nominee Wheeler says will promote competition

WASHINGTON (Reuters) - Tom Wheeler, President Barack Obama's pick to lead the Federal Communications Commission, on Tuesday pledged to champion competition in the telecommunications industry and said an upcoming auction of airwaves is the biggest challenge facing the regulator.

Dish abandons Sprint bid for now to focus on Clearwire

NEW YORK (Reuters) - Dish Network Corp said it would not make a new offer to buy No. 3 U.S. wireless provider Sprint Nextel in time for a Tuesday deadline and will instead focus on its tender offer for Clearwire Corp.

Vodafone raises Kabel Deutschland offer after rival bid: report

(Reuters) - Britain's Vodafone Group Plc has raised its preliminary offer to buy Germany's largest cable operator, Kabel Deutschland Holding AG, a day after U.S. media group Liberty Global Plc made a rival bid, Bloomberg reported on Tuesday, citing people familiar with the bid.

Microsoft says it freed millions of computers from criminal botnet

BOSTON (Reuters) - Microsoft Corp said that an assault it led earlier this month on one of the world's biggest cyber crime rings has freed at least 2 million PCs infected with a virus believed to have been used to steal more than $500 million from bank accounts worldwide.


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