Technology News

Exclusive: Dell brings on ex-HP executive to spur global services

By Poornima Gupta SAN FRANCISCO | Tue Aug 21, 2012 3:14pm EDT SAN FRANCISCO (Reuters) - Dell Inc has hired a former Hewlett-Packard Co networking chief to help hasten its push into the global technology services market, sources familiar with the matter told Reuters. Marius Haas left the world's largest computing company in 2011 after it hired Leo Apotheker as CEO in...

21 Aug 7:14 PM 0 Read More...

Barnes & Noble loss narrows, but Nook device sales fall

By Nivedita Bhattacharjee Tue Aug 21, 2012 2:56pm EDT (Reuters) - Barnes & Noble Inc (BKS.N) said sales of its Nook e-reader device had fallen, sending its shares lower on Tuesday even as it reported a smaller-than-expected quarterly net loss. The company, whose share of the U.S. e-book market stands at between 25 percent and 30 percent, said Nook sales had suffered due ...

21 Aug 6:56 PM 0 Read More...

Hackers target website of Russian court that jailed Pussy Riot

By Gabriela Baczynska MOSCOW | Tue Aug 21, 2012 10:06am EDT MOSCOW (Reuters) - The website of a Moscow court that convicted three members of punk band Pussy Riot to two years in jail each for belting out a profanity-laced anti-Kremlin song inside a cathedral was hacked on Tuesday. A slogan denouncing President Vladimir Putin was posted on the site as was an appeal f...

21 Aug 2:06 PM 0 Read More...

Samsung to invest $4 billion in U.S. plant to make more mobile chips

SEOUL | Tue Aug 21, 2012 2:54am EDT SEOUL (Reuters) - Samsung Electronics Co said on Tuesday it will spend about $4 billion at its chip plant in Austin, Texas, to renovate an existing chip producing line and boost production of system chips, widely used in popular smartphones and tablets. The investment comes on top of 2...

21 Aug 6:54 AM 0 Read More...

Apple, Samsung CEOs talk but no trial settlement reached

By Dan Levine SAN JOSE, California | Mon Aug 20, 2012 9:44pm EDT SAN JOSE, California (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd have talked but did not settle the high stakes patent dispute between the two electronics companies, a Samsung attorney said in court on Monday. U.S. District Judge Lucy Koh had requested that the two talk...

21 Aug 1:44 AM 0 Read More...

Apple's market value exceeds Microsoft's during 1999 bubble

By Edward Krudy NEW YORK | Mon Aug 20, 2012 8:35pm EDT NEW YORK (Reuters) - Apple Inc's market value climbed past $623 billion on Monday, surpassing the record set by Microsoft Corp during the heyday of technology stocks in 1999. Apple shares rose 2.6 percent, bringing its gains this month to almost 9 perce...

21 Aug 12:35 AM 0 Read More...

Facebook director Thiel sold 20 million shares after lockup

By Alexei Oreskovic SAN FRANCISCO | Mon Aug 20, 2012 7:59pm EDT SAN FRANCISCO (Reuters) - Facebook Inc director Peter Thiel sold roughly $400 million worth of shares in the Internet social networking company last week, cashing out most of his stake, according to a regulatory filing. Thiel sold his shares on Thursday and Friday at average prices ranging between $19.2...

20 Aug 11:59 PM 0 Read More...

Google list of paid bloggers not sufficient, judge says

By Alexei Oreskovic SAN FRANCISCO | Mon Aug 20, 2012 2:28pm EDT SAN FRANCISCO (Reuters) - Google Inc failed to comply with a court order to disclose the bloggers and other commentators on a patent and copyright case who might have been influenced by payments from the Web company, a judge said on Monday. U.S. District Judge William Alsup gave Google until noon on Fri...

20 Aug 6:28 PM 0 Read More...

Apple becomes most valuable company of all time

NEW YORK | Mon Aug 20, 2012 1:31pm EDT NEW YORK (Reuters) - Apple Inc became the most valuable public company of all time on Monday when the combined value of its shares exceeded a previous record set by Microsoft Corp. Apple traded at $664.74 to give it a market value of $623.14 billion, above the record set by Microsoft of $620.58 billion reached in 1999 at the height of ...

20 Aug 5:31 PM 0 Read More...

Barnes & Noble to bring Nook e-reader to Britain

Mon Aug 20, 2012 9:48am EDT (Reuters) - Barnes & Noble Inc on Monday said it would bring its Nook e-reader to Britain this autumn, marking its first international expansion. The company will start selling its Nook Simple Touch and Simple Touch with glow light e-readers through some British retailers in October. The company said it will name the retailers shortly.Barnes & Nob...

20 Aug 1:48 PM 0 Read More...