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Technology News

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...

Judge urges Apple, Samsung to settle before verdict

By Dan Levine SAN JOSE, California | Wed Aug 15, 2012 7:16pm EDT SAN JOSE, California (Reuters) - A U.S. judge asked that the chief executives of Apple Inc and Samsung Electronics Co Ltd speak to each other at least once on the phone before a jury begins deliberating next week in the high-stakes patent trial between the two tech companies. "It's time for peace," U.S...

15 Aug 11:16 PM 0 Read More...

Nokia fuels hopes of phone launch ahead of Apple

By Balazs Koranyi and Sinead Carew OSLO/NEW YORK | Wed Aug 15, 2012 5:40pm EDT OSLO/NEW YORK (Reuters) - Mobile phone maker Nokia Oyj said on Wednesday it will hold a joint media event with Microsoft Corp in New York on September 5, boosting hopes that it will unveil its long-awaited Windows smartphone upgrade before rival Apple Inc rolls out its next iPhone. The Fi...

15 Aug 9:40 PM 0 Read More...

Cheap and cheerful, Chinese phones outsmart Apple

By Melanie Lee SHANGHAI | Wed Aug 15, 2012 5:17pm 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...

15 Aug 9:17 PM 0 Read More...

Cisco raises dividend, 4th quarter results beat Street

Wed Aug 15, 2012 4:38pm EDT (Reuters) - Cisco Systems Inc raised its dividend as it reported quarterly revenue and earnings that beat estimates, thanks to cost savings and an ongoing restructuring program. "I'm pleased we are increasing our quarterly dividend for the first quarter of fiscal 2013 by 75 percent to $0.14 per share," Chief Financial Officer Frank Calderoni said in a sta...

15 Aug 8:38 PM 0 Read More...

Big retailers team up on mobile payments plan

Wed Aug 15, 2012 4:06pm EDT (Reuters) - A group of big retailers that includes Wal-Mart Stores Inc, Target Corp and Japan's 7-Eleven is developing a mobile payment network, adding to the proliferation of options that let consumers pay with smartphones. The system, known as Merchant Customer Exchange, is a retailer-led initiative that would match similar services from Google Inc, whi...

15 Aug 8:06 PM 0 Read More...