Technology News

IBM to buy Texas Memory Systems

Thu Aug 16, 2012 9:21am EDT (Reuters) - International Business Machines Corp has agreed to buy privately held Texas Memory Systems, a high-end enterprise storage technology provider, to expand its own storage offerings, IBM said on Thursday. Armonk, New York-based IBM did not disclose the terms of the deal with Texas Memory, which empl...

16 Aug 1:21 PM 0 Read More...

In China, cheap and cheerful phones outsmart Apple

By Melanie Lee SHANGHAI | Thu Aug 16, 2012 6:04am EDT SHANGHAI (Reuters) - In China's booming smartphone market, which is set this year to overtake the United States as the world's largest, a host of little-known local firms are primed with cheap phones to squeeze market share from U.S. giant Apple Inc's iPhone. In the latest local challenge to the iPhone, Xiaomi Te...

16 Aug 10:04 AM 0 Read More...

Stylus, split-screen stand new Samsung tablet apart

By Miyoung Kim SEOUL | Thu Aug 16, 2012 2:25am EDT SEOUL (Reuters) - With the launch of its new tablet, unveiled in the United States, Samsung Electronics is looking to build on the popularity of its Note 'phablet', and expects key features such as a stylus-type pen and split-screen function to stand the new device apart from rival Apple Inc's iPad. The Galaxy Note ...

16 Aug 6:25 AM 0 Read More...

Samsung unveils new tablet to challenge iPad

SEOUL | Thu Aug 16, 2012 12:00am EDT SEOUL (Reuters) - Samsung Electronics Co's new tablet, unveiled in the United States, is the South Korean electronics giant's latest attempt to wrestle market share from Apple Inc, but is not being heralded as an iPad killer. The Galaxy Note 10.1 tablet launches on Thursday in the United States, Britain and South Korea, just weeks before...

16 Aug 4:00 AM 0 Read More...

Apple in talks with cable TV networks over set-top box -WSJ

Wed Aug 15, 2012 10:25pm EDT (Reuters) - Apple Inc is in talks with U.S. cable operators about allowing viewers to use an Apple TV device as a set-top box for live television and other content, the Wall Street Journal reported, citing people familiar with the matter. Time Warner Cable Inc is among the cable networks that the iPhone maker is in talks with, but it has not yet reached ...

16 Aug 2:25 AM 0 Read More...

Sharp in talks to sell Sakai solar cell plant: media

TOKYO | Wed Aug 15, 2012 8:44pm EDT TOKYO (Reuters) - Japan's Sharp Corp has entered talks with an overseas manufacturer to negotiate the sale of its key solar cell factory in western Japan, Japanese media said on Thursday, as the prospect of deep losses forces it to look for cash injections. Sharp is seeking a more than 100 billion yen ($1.27 billion) improvement on its ba...

16 Aug 12:44 AM 0 Read More...

Lenovo first-quarter profit beats estimates, but growth slows

HONG KONG | Wed Aug 15, 2012 8:19pm EDT HONG KONG (Reuters) - Lenovo Group Ltd, the world's No.2 PC maker by sales, posted a 30 percent rise in quarterly net profit, beating analysts' forecasts, though it logged its slowest growth in 1-1/2 years mainly due to lackluster demand in some emerging markets and North America. The ThinkPad maker has been advancing on the global PC...

16 Aug 12:19 AM 0 Read More...

Applied Materials sees revenue drop, reviews businesses

By Noel Randewich SAN FRANCISCO | Wed Aug 15, 2012 7:48pm EDT SAN FRANCISCO (Reuters) - Applied Materials forecast current-quarter revenue below expectations and its chief executive hinted the top chip-gear maker could shed poorly performing non-core businesses. Applied Materials had warned of a slowdown in its chip equipment business, and in its report it also said...

15 Aug 11:48 PM 0 Read More...

Cisco still pessimistic on Europe, raises dividend

Wed Aug 15, 2012 7:41pm EDT (Reuters) - Cisco Systems Inc offered little hope that dire economic conditions in Europe would come to an end any time soon but pleased investors with a 75 percent dividend hike as the company posted quarterly results that beat estimates. The world's largest network equipment maker had spooked investors three months ago, when Chief Executive John Chamber...

15 Aug 11:41 PM 0 Read More...

Sina ad revenue rises 12 percent in second-quarter

SAN FRANCISCO | Wed Aug 15, 2012 7:36pm EDT SAN FRANCISCO (Reuters) - Chinese Internet company Sina Corp reported a 12 percent increase in advertising revenue in the second quarter and grew its profit due to a gain from an equity investment. Shares of Sina were up 4.5 percent at $53.20 after hours on Wednesday.Sina, which makes most of its revenue from online advertising, h...

15 Aug 11:36 PM 0 Read More...