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Wednesday, October 23, 2013

Technology Report: Exclusive: HTC scales back production lines as cash flow worsens-sources

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10/23/2013
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Exclusive: HTC scales back production lines as cash flow worsens-sources
TAOYUAN, Taiwan (Reuters) - Taiwanese smartphone maker HTC Corp has halted at least one of its four main manufacturing lines, accounting for at least a fifth of total capacity, and is outsourcing production as a sales slump puts pressure on its cash flow, according to sources with direct knowledge of the situation.
Icahn says wrote to Apple CEO, will reveal contents on new website
SAN FRANCISCO (Reuters) - Billionaire activist investor Carl Icahn, who is urging Apple Inc to expand its share buyback plan, said on Wednesday he has written a letter to Apple Chief Executive Tim Cook and will reveal the contents on a website to be launched on Thursday.
AT&T posts revenue just below Wall Street expectations
NEW YORK (Reuters) - AT&T Inc posted third quarter revenue on Wednesday that was slightly below Wall Street estimates, but net income was a penny ahead as the company worked to control costs.
European Commission to push EU leaders on single telecoms market
BRUSSELS (Reuters) - Creating a single telecoms market in Europe and cutting the cost of doing business over the Internet could boost the region's economy by 4 percent by 2020, the European Commission will tell EU leaders this week.
Chipmaker LSI's revenue misses estimate
(Reuters) - LSI Corp reported lower-than-expected revenue for the third quarter as demand for its storage chips fell, sending its shares down about 5 percent in extended trading.
Telefonica may stay out of Telecom Italia's Brazil votes: TIM CEO
RIO DE JANEIRO (Reuters) - Telecom Italia SpA may suggest to Brazilian regulators that key shareholder Telefonica SA continue to refrain from decisions involving its Brazilian unit, TIM ParticipaƧoes SA, TIM's CEO said on Wednesday.
Chipmaker TriQuint's forecast misses Street estimates
(Reuters) - TriQuint Semiconductor Inc projected sales for the current quarter that missed Wall Street expectations, sending its shares down 13 percent in extended trading.
Apple unveils iPad Air, new Macs for holidays
SAN FRANCISCO (Reuters) - Apple Inc on Tuesday offered free upgrades for life on its operating system and business software, and unveiled thinner iPads and faster Mac computers ahead of a competitive holiday shopping season.
Symantec's revenue falls, shares slump
(Reuters) - Symantec Corp, the maker of Norton anti-virus software, reported a 3.5 percent drop in revenue as demand fell for its storage, server management and security products.
SEC releases 'crowdfunding' rule
WASHINGTON (Reuters) - Entrepreneurs and start-up companies looking for investors will be able to solicit over the Internet from the general public under a new proposal issued by U.S. regulators on Wednesday.
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