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Tuesday, January 28, 2014

Technology Report: As Apple shares fall, Icahn buys another $500 million

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01/28/2014
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As Apple shares fall, Icahn buys another $500 million
(Reuters) - Hedge fund billionaire Carl Icahn said he bought another half a billion dollars' worth of Apple Inc stock on Tuesday, signaling confidence in the iPhone maker even after it gave a disappointing revenue forecast for the current quarter.
AT&T revenue increases but subscriber growth misses estimates
NEW YORK (Reuters) - AT&T Inc reported higher quarterly revenue on Tuesday, but the No. 2 U.S. mobile provider's wireless subscriber growth fell short of Wall Street expectations.
Google Glass gets image makeover as launch nears
SAN FRANCISCO (Reuters) - Google Inc has unveiled a set of fashionable prescription frames and shades for its Glass Internet-connected eyewear in an image makeover to give it broader appeal before a mass launch in the United States later this year.
Chipmaker Cirrus forecasts weak quarterly revenue; shares slide
(Reuters) - Audio chipmaker Cirrus Logic Inc, which supplies to Apple Inc, forecast fourth-quarter revenue far below Wall Street estimates, sending its shares down 4.5 percent in trading after the bell.
U.S. wireless group proposes TV channel-sharing pilot
WASHINGTON (Reuters) - The U.S. wireless industry lobby is proposing a pilot project to test how two television stations could share radio frequencies, hoping the practice catches on and broadcasters free up more of the valuable airwaves to be sold in an upcoming spectrum auction.
Apple shares fall after muted iPhone sales
(Reuters) - Apple Inc needs a cheaper iPhone to keep pace with low-cost rivals, analysts said, after the company's smartphone sales fell short of lofty expectations in the holiday shopping season.
Facebook eyes options for low-power server technology
SAN JOSE, California (Reuters) - Facebook Inc's hardware whiz in charge of revolutionizing data centers lauded on Tuesday low-energy server technology which is expected to compete against heavyweight Intel Corp.
Nintendo looks to power-up Mario after not-so-super Wii U
TOKYO (Reuters) - Nintendo Co Ltd, facing a third year of losses, is getting lots of unsolicited advice on how to squeeze more out of its Mario franchise and revive its fortunes after admitting that its Wii U game console has been a flop.
New York state to propose regulating virtual currencies
NEW YORK (Reuters) - New York will propose regulating virtual currency firms that operate in the state this year and may require them to obtain a "BitLicense," state banking regulator Benjamin Lawsky said on Tuesday.
Emerging market turmoil deals setback for Philips
AMSTERDAM (Reuters) - Philips forecast a slow start to 2014 as it grapples with currency volatility in Turkey, Argentina, Indonesia and other emerging markets and weak orders for healthcare equipment.
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