Technology News

Amazon shares hit on growth concern

By Alistair Barr and Ben Berkowitz SAN FRANCISCO/NEW YORK | Fri Apr 26, 2013 11:43am EDT SAN FRANCISCO/NEW YORK (Reuters) - Amazon.com Inc's stock sank on Friday on concern about slowing growth at the world's largest Internet retailer. Late Thursday the company reported slower revenue growth and offered a disappointing outlook for this quarter, exacerbating uncertai...

26 Apr 3:43 PM 0 Read More...

From hackers to security experts, the Balkan IT sector is booming

By Radu Marinas and Tsvetelia Tsolova BUCHAREST/SOFIA | Fri Apr 26, 2013 9:37am EDT BUCHAREST/SOFIA (Reuters) - After hacking the Pentagon, NASA and Britain's Royal Navy for fun, TinKode got a real job as a computer security expert for a Romanian cyber safety consultancy. TinKode was the name used by Romanian Razvan Cernaianu when he revealed security holes in gover...

26 Apr 1:37 PM 0 Read More...

Zain feels the heat in frontier market South Sudan

By Matt Smith and Hereward Holland DUBAI/JUBA | Fri Apr 26, 2013 7:09am EDT DUBAI/JUBA (Reuters) - Mobile phone group Zain knew it was facing a challenge when it set out to build up its network in Africa's newest frontier market - the vast, strife-torn expanses of South Sudan. (reut.rs/Y1jy7a) And a challenge is what it got, in the form of months of headaches, inclu...

26 Apr 11:09 AM 0 Read More...

ZTE eyes network, smartphone growth to stay profitable

HONG KONG | Fri Apr 26, 2013 6:44am EDT HONG KONG (Reuters) - ZTE Corp, China's second largest telecoms gear maker in revenue terms, expects an increase in smartphone sales and an expansion in 4G networks to keep it in profit this year after posting its first-ever annual loss in 2012. After two quarters of losses, ZTE on Friday posted a 35.9 percent increase in its first-qu...

26 Apr 10:44 AM 0 Read More...

Microsoft gets upper hand in first Google patent trial

SEATTLE | Fri Apr 26, 2013 4:07am EDT SEATTLE (Reuters) - Microsoft Corp came out on top in the first of two patent trials versus Google Inc's Motorola Mobility unit on Thursday, as a federal judge in Seattle ruled largely in its favor. U.S. District Judge James Robart in Seattle said Microsoft owed only a fraction of th...

26 Apr 8:07 AM 0 Read More...

Amazon's success formula: move bits instead of boxes

By Alistair Barr and Ben Berkowitz SAN FRANCISCO/NEW YORK | Fri Apr 26, 2013 3:17am EDT SAN FRANCISCO/NEW YORK (Reuters) - Amazon.com Inc appears to have figured out the secret to being more profitable: sell less physical stuff. The company reported slowing revenue growth and offered a disappointing outlook for this quarter on Thursday, exacerbating uncertainty abou...

26 Apr 7:17 AM 0 Read More...

Samsung takes more smartphone market share from Apple

Fri Apr 26, 2013 1:45am EDT (Reuters) - Samsung Electronics Co Ltd grabbed more smartphone market share from archrival Apple Inc in the latest quarter, with sales of its phones jumping to account for one third of the global market. Sales of the iPhone 5 helped Apple's volumes grow 6.6 percent to 37.4 million phones in the quarter from a year earlier, but that was not enough to stop ...

26 Apr 5:45 AM 0 Read More...

AT&T launches home security, monitoring service in U.S.

NEW YORK | Fri Apr 26, 2013 12:03am EDT NEW YORK (Reuters) - AT&T Inc will kick off its home security and monitoring service in 15 U.S. markets on Friday, seeking to develop revenue streams beyond cellphone services. The No. 2 U.S. mobile service provider expects its Digital Life service to eventually bring in $1 billion in annual revenue.While AT&T, which reported ...

26 Apr 4:03 AM 0 Read More...

Hon Hai targets Indonesia to diversify Apple-heavy revenue

TAIPEI | Thu Apr 25, 2013 11:40pm EDT TAIPEI (Reuters) - Hon Hai Precision Industry, the world's largest electronics contract maker, said it hopes to sign an agreement with Indonesia next month to make and sell handsets in the Southeast Asian country's huge domestic market. The Taiwanese company, which makes about 60 to 70 percent of its revenue assembling iPhones and iPads...

26 Apr 3:40 AM 0 Read More...

Samsung Electronics first-quarter profit jumps ahead of Galaxy S4 debut

SEOUL | Thu Apr 25, 2013 7:55pm EDT SEOUL (Reuters) - Samsung Electronics Co Ltd reported on Friday its sixth straight quarter of profit growth ahead of the debut of its latest Galaxy smartphone, the South Korean IT giant's biggest assault on rival Apple Inc yet. By launching the Galaxy S4 in the United States on Saturda...

25 Apr 11:48 PM 0 Read More...