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Monday, March 19, 2012

Technology Report: Apple's Cook finally shares $98 billion cache

Reuters » Technology Report

03/19/2012

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Apple's Cook finally shares $98 billion cache

SAN FRANCISCO (Reuters) - Apple Inc CEO Tim Cook, moving swiftly after taking over from the late Silicon Valley icon Steve Jobs, fulfilled a longstanding desire of investors by initiating a quarterly dividend and share buyback that will pay out $45 billion over three years.

Foxconn not off hook after radio retraction, critics say

TAIPEI (Reuters) - Foxconn Technology Group, the top maker of Apple Inc's iPhones and iPads, is not off the hook after a U.S. radio show retracted a program critical of working conditions at one of its Chinese factories.

Adobe revenue slows ahead of upgrades

BOSTON (Reuters) - Adobe Systems Inc, maker of Photoshop and Acrobat software, reported lower revenue growth as sales slowed ahead of major upgrades to the company's Creative Suite line of digital media programs later this year.

Zayo Group to take AboveNet private for $2.2 billion

(Reuters) - Privately held Zayo Group LLC agreed to buy rival AboveNet Inc, a provider of broadband connections to big companies and carriers, for about $2.2 billion to tap into the galloping demand for fast data services.

NXP Semiconductors says CFO to resign, names successor

(Reuters) - Chipmaker NXP Semiconductors NV said its chief financial officer Karl-Henrik Sundstroem will step down by the end of July for personal reasons.

Sprint shares down, analyst cites bankruptcy risk

(Reuters) - Shares in Sprint Nextel fell more than 4 percent after an analyst report said there is an increasing risk that the No. 3 U.S. mobile provider could end up filing for bankruptcy as the debt-laden company faces steep costs due to factors such as its iPhone deal with Apple Inc .

App for leaving your virtual mark at physical places

TORONTO (Reuters) - Imagine standing at the Eiffel Tower and being able to see messages and videos overlaid through your smartphone from all visitors who have come before you.

Broadcom wins permanent injunction against Emulex

(Reuters) - Chip maker Broadcom Corp said on Monday that it won a permanent injunction against rival Emulex Corp , but Emulex would be able to sell some products using Broadcom patents for a limited period.

Dell sees room to challenge Apple in tablets

LONDON (Reuters) - A growing dissatisfaction among office workers with the clunky computers their employers force them to use, in contrast to the sleek Apple devices many have at home, could yet benefit incumbent suppliers like Dell, a top Dell executive said.

Goldman person leaked Apple, Intel secrets: lawyer

NEW YORK (Reuters) - A person at Goldman Sachs Group Inc, who has not been identified or charged in a broad U.S. insider-trading probe, was caught on a wiretap leaking secrets about Intel Corp and Apple Inc, a lawyer for former Goldman board member Rajat Gupta said in court on Friday.