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Thursday, November 7, 2013

Technology Report: Twitter shares nearly double in frenzied NYSE debut

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11/7/2013
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Twitter shares nearly double in frenzied NYSE debut
NEW YORK/SAN FRANCISCO (Reuters) - Twitter Inc shares soared as much as 92 percent on their first day of trading on the New York Stock Exchange, an extraordinary debut that drove the seven-year-old company's value to more than $25 billion and evoked comparisons to the dot-com bubble of the late 1990s.
U.S. spying harms cloud computing, Internet freedom: Wikipedia founder
OSLO (Reuters) - The United States' alleged large-scale surveillance of global communications networks will badly harm the U.S. cloud computing industry, the founder of Wikipedia said on Thursday.
Cyber attack "war game" to test London banks on November 12
LONDON (Reuters) - Thousands of staff across dozens of London financial firms will be put through a "war games" scenario on Tuesday to test how well they can handle a major cyber attack, people familiar with the matter said.
Payment start-up Square explores IPO: WSJ
(Reuters) - Square Inc, the payment start-up co-founded and headed by Twitter Inc's Jack Dorsey, is in discussions with banks about an initial public offering, the Wall Street Journal reported on Wednesday, citing a person familiar with the matter.
Qualcomm curbs spending as revenue forecast disappoints
SAN FRANCISCO (Reuters) - Qualcomm Inc on Wednesday forecast revenue below expectations and said it would curb fast-growing operating expenses, stoking concerns the leading mobile chipmaker faces tough competition in Asia, and sending its stock down.
T. Rowe, Morgan Stanley funds sitting on whopper Twitter gains
BOSTON (Reuters) - Mutual funds run by T. Rowe Price Group Inc and Morgan Stanley are poised to send one sweet tweet.
Google employees lash out at NSA over reports of cable tapping
SAN FRANCISCO (Reuters) - A pair of Google Inc employees involved with the internet company's security systems have publicly lashed out at the National Security Agency, with one of the employees accusing the organization of subverting the law by intercepting communications on cables linking Google's various data centers.
Activision Blizzard lowers outlook for fourth quarter
SAN FRANCISCO (Reuters) - Video game publisher Activision Blizzard Inc, known for its "Call of Duty" franchise, said it raised its 2013 forecast but lowered its revenue estimates for the current quarter after warning that it could face a challenging holiday period.
Capgemini keeps goals as Q3 sales rise
PARIS (Reuters) - French technology consultancy Capgemini kept its full-year sales and profitability goals on Thursday as revenue returned to positive growth in the third-quarter amid improving demand in Europe, notably in its core French market.
Autodesk to buy Britain's Delcam for $277 million
(Reuters) - Autodesk Inc, a maker of computer-aided design (CAD) software, said it would buy Britain's Delcam Plc for 172.5 million pounds ($277 million), in a deal to expand the U.S. company's software offerings in the manufacturing sector.
Related Video
Wealth Strategies: Twitter opens big, but can it last?
No one is buying Twitter on fundamentals right now: Wolff
Mediafile


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