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Tuesday, August 13, 2013

Technology Report: Icahn has large Apple stake, wants larger buybacks

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08/13/2013
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Icahn has large Apple stake, wants larger buybacks
SAN FRANCISCO (Reuters) - Activist investor Carl Icahn said on Tuesday he has built a "large position" in Apple Inc and had a "nice conversation" with CEO Tim Cook about a larger stock buyback.
Larry vs. Larry: Oracle's Ellison says Google's Page acted 'evil'
(Reuters) - Google's informal motto is "don't be evil," but outspoken Silicon Valley billionaire Larry Ellison has accused the Internet company's CEO, Larry Page, of acting "absolutely evil."
Orbitz says major investor sells part of stake
(Reuters) - Orbitz Worldwide Inc said PAR Capital Management, one of its largest shareholders, sold 8.1 million of the 24.6 million shares it owned in the online travel agency, and the stock dropped 11.8 percent on Tuesday.
BlackBerry may put itself up for sale
TORONTO (Reuters) - Struggling smartphone maker BlackBerry Ltd is weighing options that could include an outright sale, it said on Monday, and its largest shareholder is stepping down from its board to avoid any possible conflict of interest.
Facebook to offer OpenTable restaurant bookings via mobile
(Reuters) - Facebook Inc struck a deal with online restaurant booking service OpenTable Inc that will allow users to reserve tables at restaurants via a Facebook app, as the world's No. 1 social network continues to expand its mobile services.
Brocade Communications beats estimates as costs fall
(Reuters) - Network equipment maker Brocade Communications Systems Inc reported third-quarter results above analysts' estimates, helped by lower costs and strong demand for its storage products.
JDS Uniphase revenue falls on weak demand for optical components
(Reuters) - Network equipment testing company JDS Uniphase Corp reported a lower quarterly revenue on weak demand for optical components from telecom customers.
ATK wins Orbital Sciences order for space transport vehicle
WASHINGTON (Reuters) - Alliant Techsystems Inc on Tuesday said it had won an order from Orbital Sciences Corp to provide solid rocket motors for a new air-launched space transport system that is part of Microsoft co-founder Paul Allen's latest venture.
California billionaire unveils futuristic 'Hyperloop' transport
SAN FRANCISCO (Reuters) - California billionaire Elon Musk took the wraps off his vision of a futuristic "Hyperloop" transport system on Monday, proposing to build a solar-powered network of crash-proof capsules that would whisk people from San Francisco to Los Angeles in half an hour.
Slim-backed Telekom Austria and KPN form network pact
VIENNA (Reuters) - Telekom Austria and Dutch group KPN, the European rivals in which Mexican tycoon Carlos Slim has invested, have joined forces to offer internet-based data services to wholesale and large business customers, they said on Tuesday.
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