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Wednesday, April 24, 2013

Technology Report: Hoax tweet tests firms that filter social media for Wall Street

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04/24/2013
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
Hoax tweet tests firms that filter social media for Wall Street
NEW YORK (Reuters) - Firms that scour social media sites such as Twitter for information to help investors and traders make money faced their biggest test yet this week.
Apple's cash plan takes heat off Cook, buys him time
(Reuters) - Tim Cook wants investors to "think different" about Apple: less as a hyper-growth startup-like company and more as a mature but robust technology corporation with the world's biggest dividend.
Microsoft to reveal next-generation Xbox on May 21
SAN FRANCISCO (Reuters) - Microsoft Corp will unveil its much-anticipated next-generation Xbox on May 21 following months of speculation the company is gearing up to announce a new video game console this summer.
Zynga quarterly revenue tops estimates, but down from year-ago
SAN FRANCISCO (Reuters) - Zynga Inc reported first-quarter revenue of $263.6 million on Tuesday, down 18 percent from the year-ago quarter but above Wall Street's depressed expectations as the online game maker wrung more sales out of its shrinking user base.
Qualcomm raises full-year forecast on smartphone demand
SAN FRANCISCO (Reuters) - Leading cellphone chipmaker Qualcomm raised its full-year revenue forecast as demand for smartphones continues to grow.
Google buys Wavii for $30 million, mirroring Yahoo's deal
SAN FRANCISCO (Reuters) - Google Inc has acquired Wavii, the Seattle-based startup behind a news summarization app, for roughly $30 million in cash, a person with knowledge of the matter said Tuesday.
BlackBerry set to add Skype to its app line-up
TORONTO (Reuters) - BlackBerry said on Wednesday it plans to fill one of the biggest gaps in the app line-up on its new BlackBerry 10 devices with a long-awaited Skype application.
Chipmaker LSI reports 9 percent fall in revenue
(Reuters) - Chipmaker LSI Corp reported a 9 percent fall in first-quarter revenue as demand for its storage chips fell.
Citrix Systems profit misses estimates
(Reuters) - Cloud computing software maker Citrix Systems Inc reported a lower-than-expected first-quarter profit, hurt by higher expenses and weak IT spending by its customers.
Analysis: Truth and consequences - a dilemma for Twitter and its users
SAN FRANCISCO (Reuters) - Does Twitter have a credibility problem?
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