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Tuesday, May 7, 2013

Technology Report: Electronic Arts total revenue, profit drop in fourth quarter

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05/7/2013
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Electronic Arts total revenue, profit drop in fourth quarter
SAN FRANCISCO (Reuters) - Video game publisher Electronic Arts Inc reported lower total revenue and profit for the fourth quarter.
French, German politicians to pressure Google on tax
LONDON (Reuters) - Politicians in Germany and France say they will press for Google Inc to be quizzed on corporate income tax after a Reuters report highlighted how the company employs sales staff in the UK while telling the tax authorities that sales are made from Ireland.
Nokia investors tell CEO their patience running thin
HELSINKI (Reuters) - Nokia investors told Chief Executive Stephen Elop on Tuesday that they were running out of patience with his flagging attempts to catch up with market leaders Apple and Samsung in smartphones.
Symantec revenue rises 4 percent due to demand for security products
(Reuters) - Symantec Corp, maker of Norton anti-virus software, reported a 4 percent rise in quarterly revenue driven by demand for its data loss prevention and information security products.
Demand Media reports higher revenue and profit
(Reuters) - Demand Media reported a 17 percent increase in first-quarter total revenue to $100.6 million mainly on strong growth at its websites like eHow.
Telecom Italia to put off decision on Hutchison talks: sources
MILAN (Reuters) - Telecom Italia's board is likely to put off making a decision this week on whether to open formal merger talks with Hutchison Whampoa, as key shareholders are divided on the issue, sources with knowledge of the situation said.
BlackBerry shares hit by Pacific Crest report
TORONTO (Reuters) - Shares of BlackBerry slid more than 5 percent on Tuesday after Pacific Crest Securities issued a downbeat report on sales momentum for smartphones running the company's new BlackBerry 10 operating system.
Video game maker drops gun makers, not their guns
SAN FRANCISCO (Reuters) - In the midst of the bitter national debate on gun violence, gun manufacturers and videogame makers are delicately navigating one of the more peculiar relationships in American business.
Telekom Austria fights price wars with fewer rivals
VIENNA (Reuters) - Telekom Austria said it expected price competition to intensify in its major markets, rather than diminish as had been hoped by Austrian carriers after a consolidation of the market.
Fight expected in House on online sales tax
WASHINGTON (Reuters) - The Senate voted overwhelmingly on Monday to give states the power to enforce their sales tax laws on online purchases, but the legislation faces a tougher fight in the Republican-controlled House of Representatives.
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