Technology News

BlackBerry shares jump after Bernstein upgrades stock

By Euan Rocha TORONTO | Mon Feb 4, 2013 1:45pm EST TORONTO (Reuters) - Shares of BlackBerry rose more than 12 percent on Monday after Bernstein Research said it was upgrading the stock to "outperform" after last week's launch of the company's new line of BlackBerry 10 smartphones. The brokerage firm, which has not had an "outperform" rating on the stock for more tha...

04 Feb 6:45 PM 0 Read More...

U.S. court says will not expedite Apple's appeal vs. Samsung

SAN FRANCISCO | Mon Feb 4, 2013 12:16pm EST SAN FRANCISCO (Reuters) - A U.S. appeals court on Monday rejected Apple Inc's request that the full court immediately hear the company's request for a permanent injunction against the sale of several Samsung Electronics Co Ltd phones. A lower court judge had rejected Apple's bi...

04 Feb 5:16 PM 0 Read More...

Oracle to buy network gear maker Acme Packet for $2.1 billion

By Sayantani Ghosh Mon Feb 4, 2013 10:32am EST (Reuters) - Oracle Corp will buy network equipment maker Acme Packet Inc for $2.1 billion, putting it in a better position to compete with Cisco Systems Inc in moving data securely over internet networks. Shares of Acme were trading 7 cents above the offer price of $29.25 in early trading on Monday, suggesting that some investor...

04 Feb 3:32 PM 0 Read More...

Oracle to buy network gear maker Acme Packet for $1.9 billion

Mon Feb 4, 2013 8:07am EST (Reuters) - Oracle Corp said it agreed to buy network gear maker Acme Packet Inc for about $1.9 billion. The $29.25 per share offer is at a 22 percent premium to Acme Packet's Friday close on the Nasdaq.(Reporting by Sayantani Ghosh in Bangalore; Editing by Sreejiraj Eluvangal)...

04 Feb 1:07 PM 0 Read More...

Foxconn says to boost China worker participation in union

TAIPEI/BEIJING | Mon Feb 4, 2013 7:13am EST TAIPEI/BEIJING (Reuters) - Foxconn Technology Group, the assembler of most of the world's top-selling electronic gadgets including Apple Inc's iPhone, is trying to raise participation in its union as part of efforts to dispel a rash of bad publicity over poor working conditions and labor disputes. Taiwan's Foxconn, which employs m...

04 Feb 12:13 PM 0 Read More...

Swedish tech start-ups outdoing European rivals

By Mia Shanley STOCKHOLM | Mon Feb 4, 2013 6:12am EST STOCKHOLM (Reuters) - Spotify, Mojang and Wrapp, respectively music, games and gift services winning online markets worldwide, are among tech start-ups that have made Sweden Europe's hottest spot for investors hunting the next big thing. Attracting more venture capital relative to the size of its economy than any...

04 Feb 11:12 AM 0 Read More...

Hit game Minecraft to stay private

By Mia Shanley STOCKHOLM | Mon Feb 4, 2013 4:55am EST STOCKHOLM (Reuters) - A pool table, a pinball machine, board games and Lego dot the offices of Mojang, the small Swedish company behind the wildly popular Minecraft video game, and one of its founders is wearing a tuxedo and purple tie on a recent "formal Friday". The atmosphere reflects the independent spirit th...

04 Feb 9:55 AM 0 Read More...

HTC sees Q1 revenue flat to 17 percent lower versus Q4

By Clare Jim TAIPEI | Mon Feb 4, 2013 2:42am EST TAIPEI (Reuters) - Taiwanese smartphone maker HTC Corp expects revenue to be flat to 17 percent lower in the first quarter compared with the previous three months, worse than forecast, while margins are also seen holding steady or shrinking. The former contract manufacturer's fortunes have been declining sharply since...

04 Feb 7:42 AM 0 Read More...

BlackBerry searching high and low in India, Indonesia

By Devidutta Tripathy and Andjarsari Paramaditha NEW DELHI/JAKARTA | Sun Feb 3, 2013 4:04pm EST NEW DELHI/JAKARTA (Reuters) - Research in Motion Ltd must chart a tough course in its two key emerging markets of India and Indonesia: quickly launch cheaper handsets to woo lower-end subscribers while restoring its tattered brand among the countries' status-conscious. Th...

03 Feb 9:04 PM 0 Read More...

Hackers target Twitter, could affect 250,000 user accounts

By Alexei Oreskovic SAN FRANCISCO | Fri Feb 1, 2013 9:27pm EST SAN FRANCISCO (Reuters) - Anonymous hackers attacked Twitter this week and may have gained access to passwords and other information for as many as 250,000 user accounts, the microblog revealed late on Friday. Twitter said in a blog post that the passwords were encrypted and that it had already reset the...

02 Feb 2:27 AM 0 Read More...