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Thursday, January 24, 2013

Technology Report: Microsoft profit dips on lower Xbox holiday sales

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01/24/2013
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Microsoft profit dips on lower Xbox holiday sales
SEATTLE (Reuters) - Microsoft Corp reported a dip in fiscal second-quarter profit on Thursday, as weaker sales of its Xbox game system in the holiday quarter offset a solid start for its new Windows 8 operating system.
RIM shares rise on report of Lenovo interest
TORONTO (Reuters) - Shares of Research In Motion Ltd rose 3 percent on Thursday after a report quoted China's Lenovo Group as saying a bid for the BlackBerry maker was among the options for boosting its mobile business.
AT&T posts loss but subscriber growth beats analyst estimates
NEW YORK (Reuters) - AT&T Inc posted a quarterly loss as it shouldered charges related to its pension and superstorm Sandy but it added more subscribers than several analysts had expected.
Apple shares slide by most in over four years on disappointing iPhone sales
(Reuters) - Apple Inc's shares fell by as much as 12 percent on Thursday, staging their biggest percentage drop in over four years and slicing more than $50 billion from the company's market value, as disappointing holiday-period iPhone sales reinforced fears it is losing its dominance in smartphones.
Samsung may cut expenses as Apple shops elsewhere for chips
SEOUL (Reuters) - Samsung Electronics Co, due to report record earnings on Friday, may cut capital spending by as much as a fifth this year - a first reduction since the global financial crisis - as demand for computer chips weakens and rival Apple Inc looks set to buy fewer of its microprocessors used in the iPhone and iPad.
Nokia axes dividend to save cash for Lumia push
HELSINKI (Reuters) - Finnish mobile phone maker Nokia plans to axe its annual dividend payment for the first time in the company's recorded history to shore up its cash position against falling sales and buy time for a turnaround.
Facebook founder to host fundraiser for New Jersey Governor Christie
(Reuters) - Facebook CEO Mark Zuckerberg and his wife, Priscilla, will host a fundraiser for New Jersey Republican Governor Chris Christie at their California home on February 13, the social networking site said on Thursday.
Twitter's new service suggests its future may lie in video
SAN FRANCISCO (Reuters) - Twitter Inc, the social network known for its 140-character messages, hinted at the direction of its evolution on Thursday with the launch of a new streaming video service for smartphones.
Amazon buys text-to-speech software company Ivona
SAN FRANCISCO (Reuters) - Amazon.com Inc said on Thursday it acquired text-to-speech technology company Ivona Software, a sign that the world's largest Internet retailer may be looking to develop more services similar to Apple Inc's Siri voice-based search product.
Twitter ordered to identify anti-Semitic tweeters in France
PARIS (Reuters) - A French court on Thursday ordered Twitter Inc to help identify the authors of anti-Semitic posts or face fines of 1,000 euros ($1,300) per day, as the social network firm comes under renewed pressure to combat racist and extremist messages.
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