Technology News

Groupon sheds quarter of its value as Street questions biz

By Sayantani Ghosh Tue Aug 14, 2012 2:59pm EDT (Reuters) - Groupon Inc lost more than a quarter of its value as its shares sank to a record low on Tuesday, after dismal results drove more investors away from the once-red-hot company and raised questions about its main business. The daily deals purveyor founded by quirky music graduate Andrew Mason, this year joined fellow re...

14 Aug 6:59 PM 0 Read More...

At trial, it's Samsung's turn to say Apple copied

By Dan Levine SAN JOSE, California | Tue Aug 14, 2012 2:29pm EDT SAN JOSE, California (Reuters) - A Samsung Electronics Co Ltd expert witness testified on Tuesday that Apple Inc's iPhone and iPad violate three of Samsung's patents, as the South Korean electronics company went on offense in the third week of a high stakes trial. Dr. Woodward Yang, an electrical engin...

14 Aug 6:29 PM 0 Read More...

Court lets Google appeal digital books class status

By Jonathan Stempel Tue Aug 14, 2012 11:39am EDT (Reuters) - Google Inc has won the right to appeal the granting of class status to thousands of authors suing the search engine company over its ambitious plan to create the world's largest digital books library. In a brief order, the 2nd U.S. Circuit Court of Appeals in Ne...

14 Aug 3:39 PM 0 Read More...

Foxconn to invest $5-10 billion in Indonesian plant: Trade Minister

JAKARTA | Tue Aug 14, 2012 8:41am EDT JAKARTA (Reuters) - Foxconn Technology Group is to set up an operation in Indonesia with plans to invest $5-10 billion over five to 10 years and starting with the assembly and production of 3 million handsets per year, Indonesia's Trade Minister Gita Wirjawan told reporters on Tuesday. The first investment will start in October and in p...

14 Aug 12:41 PM 0 Read More...

Apple expert shines light on Samsung sales in U.S.

By Dan Levine and Edwin Chan SAN JOSE | Mon Aug 13, 2012 3:33pm EDT SAN JOSE (Reuters) - Apple Inc is claiming that more than a quarter of Samsung Electronics' $30.4 billion in U.S. smartphone and tablet sales result from copying of the iPhone and iPad or infringe on other patents, a damages expert for the U.S. company said on Monday. The Silicon Valley company is d...

13 Aug 7:33 PM 0 Read More...

Google to cut 4,000 Motorola Mobility jobs, shares rise

By Sayantani Ghosh Mon Aug 13, 2012 1:45pm EDT (Reuters) - Google Inc will slash 20 percent of the workforce of Motorola Mobility in the Internet search giant's largest job cuts ever as it moves to make more smartphones and fewer simple mobiles. The news sent Google's shares up as much as 2 percent but analysts said it was unclear if the cuts were enough to restore the fortu...

13 Aug 5:45 PM 0 Read More...

Apple has licensed design patents to Microsoft: executive

By Dan Levine and Edwin Chan SAN JOSE | Mon Aug 13, 2012 12:51pm EDT SAN JOSE (Reuters) - Apple Inc licensed its prized design patents to Microsoft Corp but with an "anti-cloning agreement" to prevent copying of its iPhone and iPad, an Apple executive said on Monday. The testimony from Apple patent licensing director Boris Teksler came in one of the most closely wat...

13 Aug 4:51 PM 0 Read More...

Google to cut 4,000 Motorola Mobility jobs, take $275 million charge

Mon Aug 13, 2012 11:38am EDT (Reuters) - Google Inc said it would cut 20 percent of the workforce of Motorola Mobility, the money-losing cellphone maker it bought for $12.5 billion last year, and shut nearly a third of Motorola's offices worldwide. The news sent Google's shares up as much as 1.5 percent and Morgan Stanley also upgraded the company to "overweight".Motorola Mobility h...

13 Aug 3:38 PM 0 Read More...

Cisco's fourth quarter won't sparkle, but will deliver

By Nicola Leske Mon Aug 13, 2012 8:02am EDT (Reuters) - Cisco Systems fourth quarter results may not renew the spark in Wall Street's fading love affair with the network equipment maker, but for those investors looking for a steady and predictable relationship the company is unlikely to disappoint. "The fourth quarter is typically Cisco's strongest, but it is only expected t...

13 Aug 12:02 PM 0 Read More...

Analysis: Texas Instruments investors want wireless pull back

By Sinead Carew NEW YORK | Mon Aug 13, 2012 7:04am EDT NEW YORK (Reuters) - Shareholders of Texas Instruments, once the cellphone chip leader, want the company to reduce its money-losing investment in wireless or even exit the market. TI, which makes chips for products as diverse as phones and cars, is already winding down its development of baseband chips that conn...

13 Aug 11:04 AM 0 Read More...