Technology News

Zynga warns of third-quarter loss, lowers 2012 outlook

By Gerry Shih SAN FRANCISCO | Thu Oct 4, 2012 6:28pm EDT SAN FRANCISCO (Reuters) - Zynga Inc on Thursday slashed its 2012 outlook for the second time in two months, warning that lagging performance from its live Internet games and a writedown from an acquisition would drag down its third-quarter results, and its shares fell 18 percent. The company estimated a third-...

04 Oct 10:28 PM 0 Read More...

Analysis: YouTube alienates amateur users by courting pros

By Gerry Shih SAN FRANCISCO | Thu Oct 4, 2012 5:55pm EDT SAN FRANCISCO (Reuters) - After struggling for years, in late 2010, Driving Sports TV, a scrappy, two-person video production outfit led by Ryan Douthit, finally began supporting itself with advertising income from YouTube. It didn't matter that the channel's production set was simply a green screen in Douthit...

04 Oct 9:55 PM 0 Read More...

Cisco taps two execs in CEO race

Thu Oct 4, 2012 5:43pm EDT (Reuters) - Networking equipment company Cisco Systems is expanding the roles of two executives it has identified as possible successors to long-serving Chief Executive John Chambers. Chambers, who took the helm at Cisco in 1995 and turned the small company into a multi-billion dollar operation, has said he aims to step down in two to four years.Cisco appe...

04 Oct 9:43 PM 0 Read More...

Facebook crosses billion threshold, on quest for growth

By Liana B. Baker and Gerry Shih NEW YORK/SAN FRANCISCO | Thu Oct 4, 2012 5:18pm EDT NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc passed the 1 billion user mark in September, a level of global penetration that is a remarkable achievement for an 8-year-old social network and a heightened challenge to its quest for sustained growth. Facebook, which has endured a br...

04 Oct 9:18 PM 0 Read More...

A Galaxy glow, but Samsung's record profit run to end in fourth-quarter

By Miyoung Kim SEOUL | Thu Oct 4, 2012 4:34pm EDT SEOUL (Reuters) - Samsung Electronics will say on Friday that its July-September operating profit likely hit $6.8 billion, a record for a South Korean company, as strong sales of its Galaxy smartphones more than offset reduced orders for chips and screens from Apple Inc, the group's main rival and leading customer. B...

04 Oct 8:34 PM 0 Read More...

Google settles with publishers over digital books

Thu Oct 4, 2012 2:13pm EDT (Reuters) - Google Inc and a group of publishers have agreed to a settlement over making digital copies of books, capping seven years of litigation involving the search giant's mission to become the world's library. Google and the Association of American Publishers (AAP) said on Thursday that U.S. publishers can choose to make available or choose to remove...

04 Oct 6:13 PM 0 Read More...

Rio bets it can become Brazil's Silicon Beach

By Anna Irrera RIO DE JANEIRO | Thu Oct 4, 2012 1:46pm EDT RIO DE JANEIRO (Reuters) - For years, Rio de Janeiro's bohemian neighborhood of Lapa has been a hotspot for people seeking samba shows and late night partying. But recently, the area has also started hosting a different kind of crowd. Once every two months, Lapa becomes home to "Geeks on Beer," a happy hour ...

04 Oct 5:46 PM 0 Read More...

Google warns of more Motorola cuts, revises up third quarter bill

By Alexei Oreskovic Thu Oct 4, 2012 1:45pm EDT (Reuters) - Google Inc raised its estimate of the cost of job cuts at its money-losing Motorola Mobility unit in the third quarter and warned of "significant" additional charges from further restructuring. Severance-related charges at its mobile phone unit will be 9 percent higher at $300 million, Google said, adding the bill ma...

04 Oct 5:45 PM 0 Read More...

ViaSat bets on internet services as "fiscal cliff" looms

By Garima Goel and Sagarika Jaisinghani Thu Oct 4, 2012 1:20pm EDT (Reuters) - Wireless communications provider ViaSat Inc says its new satellite-based internet services are starting to drive growth as it takes its focus off defense contracts ahead of the "fiscal cliff" threatening U.S. government spending. ViaSat is trying to break its reliance on U.S. government sales -- c...

04 Oct 5:20 PM 0 Read More...

In mobile-computing boom, a battle rages for marketing

By Jennifer Saba and Poornima Gupta NEW YORK/SAN FRANCISCO | Thu Oct 4, 2012 12:10pm EDT NEW YORK/SAN FRANCISCO (Reuters) - Amazon.com Inc CEO and founder Jeff Bezos, who quipped at a shareholder meeting a few years ago that "advertising is the price you pay for having an unremarkable product," is eating those words. Three years on, as the company moves aggressively...

04 Oct 4:10 PM 0 Read More...