Technology News

Japan's GungHo slays rivals with dragon game

By Somang Yang SEOUL | Mon Apr 15, 2013 7:43pm EDT SEOUL (Reuters) - GungHo Online Entertainment Inc was a blip on Japan's gaming scene six months ago. But the phenomenal success of a single mobile game, Puzzles & Dragons, has sent the company's shares up more than 1,000 percent since October, valuing the company at $4.4 billion - far more than better known riva...

15 Apr 11:43 PM 0 Read More...

Netgear estimates profit below analyst expectations

Mon Apr 15, 2013 7:42pm EDT (Reuters) - Network equipment maker Netgear Inc estimated first-quarter revenue and earnings below analysts' expectations, citing lower-than-planned shipments of its new network attached storage product. Shares of Netgear fell as much as 8 percent in trading after the bell. They closed at $30.88 on the Nasdaq on Monday."The late introduction (of ReadyNAS)...

15 Apr 11:42 PM 0 Read More...

Dish's $25.5 billion Sprint bid may force others to act

By Sinead Carew and Liana B. Baker Mon Apr 15, 2013 5:57pm EDT (Reuters) - Dish Network Corp, the No. 2 U.S. satellite television provider, on Monday offered to buy wireless service provider Sprint Nextel Corp for $25.5 billion in cash and stock, a move that could inspire other telecommunications or video companies to consider their own prospects of combining. Dish's offer c...

15 Apr 9:57 PM 0 Read More...

Trader admits fraud in $1 billion Apple stock scheme

By Jonathan Stempel Mon Apr 15, 2013 3:55pm EDT (Reuters) - A former Rochdale Securities trader whose unauthorized purchase of about $1 billion of Apple Inc stock caused the demise of the financial services company pleaded guilty on Monday to wire fraud and conspiracy. David Miller, 40, entered his guilty plea before U.S. Magistrate Judge Donna Martinez in Hartford, Connecti...

15 Apr 7:55 PM 0 Read More...

Deutsche Telekom tweaks charges in German mobile turf war

FRANKFURT | Mon Apr 15, 2013 11:05am EDT FRANKFURT (Reuters) - Deutsche Telekom followed its three main rivals and revised its German mobile charges on Monday as the turf war intensifies Europe's biggest national market. KPN's E-Plus, Vodafone Germany and Telefonica Germany's O2 have already changed their prices as German consumers catch up with the rest of the continent by...

15 Apr 3:05 PM 0 Read More...

Dish tries to trump SoftBank with $25.5 billion Sprint offer

By Sinead Carew and Sayantani Ghosh Mon Apr 15, 2013 9:23am EDT (Reuters) - Dish Network Corp, the No. 2 U.S. satellite television provider, offered to buy Sprint Nextel Corp for $25.5 billion in cash and stock, a move that could thwart the proposed acquisition of Sprint by Japan's SoftBank Corp. Dish's bid is the latest development in a shakeup of the U.S. wireless business...

15 Apr 12:26 PM 0 Read More...

MetroPCS urges shareholders to vote for amended T-Mobile deal

Mon Apr 15, 2013 8:11am EDT (Reuters) - MetroPCS Communications amended the terms for its proposed merger with Deutsche Telekom unit T-Mobile USA, and asked shareholders to vote for the deal. The move follows Deutsche Telekom sweetening its offer last Wednesday, bowing to pressure from activists and proxy advisory firms.MetroPCS's shares, which closed at $11.52 on the New York Stock...

15 Apr 12:11 PM 0 Read More...

Dish offers to buy Sprint for $25.5 billion

Mon Apr 15, 2013 7:07am EDT (Reuters) - Dish Network Corp, the No. 2 U.S. satellite TV provider, offered to buy Sprint Nextel Corp for $25.5 billion in cash and stock, a move that could thwart the proposed acquisition of Sprint by Japan's SoftBank Corp. Dish said on Monday it would pay $4.76 per share in cash and about 0.05953 shares in Dish stock.The offer, which works out to $7.00...

15 Apr 11:07 AM 0 Read More...

Nokia seen curbing sales decline with Lumia's China push

By Ritsuko Ando HELSINKI | Mon Apr 15, 2013 6:54am EDT HELSINKI (Reuters) - Nokia's push to expand sales of its Lumia smartphones in new markets such as China should help shrink an overall revenue decline and reduce its first-quarter loss, easing some of the pressure on CEO Stephen Elop. Quarterly results on Thursday are also expected to show a turnaround at communi...

15 Apr 10:54 AM 0 Read More...

Alibaba makes major mobile push with 1 billion yuan fund

SHANGHAI | Mon Apr 15, 2013 6:48am EDT SHANGHAI (Reuters) - Alibaba Group said on Monday it will subsidize handset makers that adopt its mobile operating system and will set up a 1 billion yuan ($161.49 million) fund that will dole out incentives for application (app) makers to populate its mobile app ecosystem. Alibaba launched its owned mobile operating system, Aliyun, in...

15 Apr 10:48 AM 0 Read More...