Technology News

Internet ayatollah: Iran's supreme leader "likes" Facebook

By Yeganeh Torbati DUBAI | Mon Dec 17, 2012 11:36am EST DUBAI (Reuters) - Facebook - banned in Iran due to its use by activists to rally government opponents in 2009 - has an unlikely new member: Supreme Leader Ayatollah Ali Khamenei. Launched a few days ago, the Facebook page "Khamenei.ir" displays photographs of the 73-year-old cleric alongside speeches and pronou...

17 Dec 4:36 PM 0 Read More...

Elliott Management offers to buy Compuware for $2.3 billion

Mon Dec 17, 2012 11:33am EST (Reuters) - Activist hedge fund Elliott Management Corp offered to buy business software maker Compuware Corp for $2.3 billion, seven months after it pushed for a sale of rival BMC Software Inc. Elliott's $11 per share offer represents a 15.4 percent premium to Compuware's Friday close on the Nasdaq. Compuware's shares rose to just below the offer price....

17 Dec 4:33 PM 0 Read More...

Clearwire accepts slightly higher bid from Sprint

By Sinead Carew and Sayantani Ghosh Mon Dec 17, 2012 10:20am EST (Reuters) - Clearwire Corp agreed to sell roughly half of the company for $2.2 billion to majority shareholder Sprint Nextel Corp, which would then have full ownership of spectrum that will help it offer high-speed wireless services. The $2.97-per-share deal is only 7 cents per share higher than a bid many mino...

17 Dec 3:20 PM 0 Read More...

Clearwire accepts slightly sweeter bid from Sprint

By Sinead Carew and Sayantani Ghosh Mon Dec 17, 2012 9:10am EST (Reuters) - Clearwire Corp agreed to sell a roughly 50 percent stake for $2.2 billion to majority shareholder Sprint Nextel Corp, which would then have full ownership of spectrum that will help it offer high-speed wireless services. The $2.97-per-share deal is only 7 cents per share higher than a bid many minori...

17 Dec 2:10 PM 0 Read More...

KPN shares drop on dividend cut, costly licenses

By Sara Webb AMSTERDAM | Mon Dec 17, 2012 8:04am EST AMSTERDAM (Reuters) - Shares in Dutch telecoms group KPN, now part of Mexican tycoon Carlos Slim's empire, plunged as much as 15 percent after it cut its dividend for this year and next to meet the higher-than-expected cost of new mobile licenses. A new player, Sweden's Tele2, also won licenses in Friday's Dutch a...

17 Dec 1:04 PM 0 Read More...

KPN shares plunge after dividend cut

AMSTERDAM | Mon Dec 17, 2012 7:34am EST AMSTERDAM (Reuters) - Shares in Dutch telecoms group KPN plunged as much as 15 percent on Monday after it cut its dividend for this year and next to meet the much higher-than-expected cost of new mobile licenses. KPN, which is 28 percent owned by Mexican telecoms tycoon Carlos Slim...

17 Dec 12:34 PM 0 Read More...

Garmin names COO Pemble as CEO

Mon Dec 17, 2012 7:24am EST (Reuters) - Navigation device maker Garmin Ltd named Chief Operating Officer Clifton Pemble as chief executive, succeeding co-founder Min Kao. Pemble, who joined Garmin in 1989 as one of the company's first engineers and has been serving as COO since October 2007, will start in his new role from January 1.Kao will assume the role of executive chairman, an...

17 Dec 12:24 PM 0 Read More...

Sprint sweetens bid for Clearwire to $2.2 billion

Mon Dec 17, 2012 7:19am EST (Reuters) - Sprint Nextel Corp raised its offer for Clearwire Corp by 7 cents per share to buy the rest of the wireless service provider for $2.2 billion. Sprint, already the majority owner, will pay $2.97 per share for just under half of Clearwire.Sprint, whose previous offer price was criticized by some minority shareholders as too low, said the raised ...

17 Dec 12:19 PM 0 Read More...

App aims to keep up with Santa on Christmas Eve

By Natasha Baker TORONTO | Mon Dec 17, 2012 6:29am EST TORONTO (Reuters) - Children eager to track Santa Claus on his annual yuletide journey to homes across the world can download a new mobile app from the North American Aerospace Defense Command (NORAD). The new app for Windows 8, called NORAD Tracks Santa, is part of a 57-year-long holiday tradition at NORAD of t...

17 Dec 11:29 AM 0 Read More...

Imagination Tech raises MIPS offer to $100 million

LONDON | Mon Dec 17, 2012 2:56am EST LONDON (Reuters) - British chip designer Imagination Technologies on Monday agreed to buy MIPS for $100 million after it outbid Ceva Inc for a second time. Imagination and Ceva have been battling to buy the operating business of MIPS since last month when a $60 million agreed offer from the British company triggered a bidding war.Imagina...

17 Dec 7:56 AM 0 Read More...