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Thursday, April 19, 2012

Technology Report: Microsoft beats Street profit view, shares up

Reuters » Technology Report
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04/19/2012
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Microsoft beats Street profit view, shares up
(Reuters) - Microsoft Corp beat Wall Street's profit forecast as computer sales held up better than expected, lifting its shares 2.5 percent after hours.
SanDisk first-quarter profit falls
(Reuters) - Flash memory-maker SanDisk Corp posted a lower quarterly profit, hurt by falling prices for its products.
Apple, Google, Intel fail to dismiss staff-poaching lawsuit
(Reuters) - Apple Inc, Google Inc, Intel Corp and four other technology companies were ordered by a judge to face an antitrust lawsuit claiming they illegally conspired not to poach each other's employees.
Verizon eyes Microsoft push, Windows phones for holidays
NEW YORK (Reuters) - Verizon Wireless plans to put its marketing weight behind Microsoft Corp's next mobile phone software to help develop a strong competitor to Apple Inc and Google Inc, according to the chief financial officer of Verizon Communications.
With new board, Olympus looks to draw a line under scandal
TOKYO (Reuters) - Peering from a hotel window 50 floors above Japan's bustling capital, Michael Woodford eyes the Olympus Corp building where he was fired six months ago. To the right, he sees the flat he had to quit that day before he was told to take a bus to the airport.
Verizon Wireless data revenue growth impresses
NEW YORK (Reuters) - Verizon Communications Inc posted first-quarter earnings and revenue that beat Wall Street expectations as customers increased their spending on services such as wireless data, sending its shares 1.6 percent higher.
Chipmaker AMD's first-quarter revenue beats Street
SAN FRANCISCO (Reuters) - Chipmaker Advanced Micro Devices posted first-quarter revenue of $1.59 billion and a net loss of $590 million, or 80 cents a share, as it fights to win market share in a personal computer industry dominated by Intel .
Sony-led group wins EU approval to buy EMI publishing
BRUSSELS (Reuters) - A Sony-led consortium won EU approval on Thursday to buy EMI's music publishing business for $2.2 billion, on the condition that it sell the worldwide publishing rights of artists including Robbie Williams and Lenny Krativz.
Nokia executive quits as phone sales plummet
HELSINKI (Reuters) - Nokia dropped its sales chief and promised to slash more costs, as Chief Executive Stephen Elop battles to reinvent the cellphone maker to compete with smartphone rivals.
NY state sues Sprint for more than $300 million over taxes
(Reuters) - The state of New York on Thursday sued Sprint Nextel Corp for more than $300 million, accusing the company of tax fraud by deliberately not collecting or paying millions of dollars of taxes for its cell phone service.
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