Technology News

HP posts mega-loss after EDS writedown

By Poornima Gupta SAN FRANCISCO | Wed Aug 22, 2012 5:43pm EDT SAN FRANCISCO (Reuters) - Hewlett-Packard Co swung to an $8.9 billion quarterly loss as personal computer sales shrank again and it swallowed a huge write-down linked to its $13.9 billion purchase of Electronic Data Systems Corp. The No.1 personal computer maker, which employs more than 300,000 people glo...

22 Aug 9:43 PM 0 Read More...

California jurors get to work in Apple vs. Samsung trial

By Dan Levine SAN JOSE, California | Wed Aug 22, 2012 4:03pm EDT SAN JOSE, California (Reuters) - Nine jurors began deliberating on Wednesday in Apple Inc's high stakes patent lawsuit against Samsung Electronics Co Ltd, a process that could take several days due to the complex legal issues in play. The tria...

22 Aug 8:03 PM 0 Read More...

Analysis: In Apple vs. Samsung, alchemy of damages takes the stage

By Dan Levine SAN JOSE, Calif | Wed Aug 22, 2012 3:55pm EDT SAN JOSE, Calif (Reuters) - Between the hotshot designers and brainy engineers Apple Inc questioned for three weeks in the company's bitterly fought patent battle against Samsung Electronics Co Ltd, a marketing expert from MIT took Apple's lawyers all of three minutes. But the testimony from MIT Professor J...

22 Aug 7:55 PM 0 Read More...

Brokers say Nasdaq's Facebook compensation plan not enough

By John McCrank NEW YORK | Wed Aug 22, 2012 2:38pm EDT NEW YORK (Reuters) - Nasdaq OMX Group Inc's $62 million compensation plan for firms harmed by technical problems during Facebook's market debut does not go far enough, broker-dealers said in U.S. Securities and Exchange Commission filings. Firms that facilitated trades for retail clients say they lost upwards of...

22 Aug 6:38 PM 0 Read More...

JMP starts Zynga with "market outperform" rating, shares jump

Wed Aug 22, 2012 11:54am EDT (Reuters) - JMP Securities initiated coverage on Zynga Inc with a "market outperform" rating, Dow Jones reported, sending the social gaming company's shares up as much as 10 percent. Zynga, one of the several Internet startups that made a debut with fanfare last year, slashed its 2012 earnings outlook late ...

22 Aug 3:54 PM 0 Read More...

Apple, Foxconn improve China plants, but more to do: audit

By Clare Jim and Poornima Gupta TAIPEI/SAN FRANCISCO | Wed Aug 22, 2012 6:42am EDT TAIPEI/SAN FRANCISCO (Reuters) - Apple Inc and Foxconn have improved working conditions at Chinese factories that make most of the world's iPads and iPhones, according to auditors the firms enlisted to monitor the process, but tough tasks lie ahead. The Fair Labor Association said on ...

22 Aug 10:42 AM 0 Read More...

Apple, Samsung make final pitch to U.S. jury

By Dan Levine and Poornima Gupta SAN JOSE, California | Tue Aug 21, 2012 10:02pm EDT SAN JOSE, California (Reuters) - Apple Inc's worldwide legal crusade against the Android mobile operating system drew toward a climax on Tuesday as the iPhone maker's attorneys accused Samsung of taking a shortcut by copying Apple's designs after realizing it could not keep up. Clos...

22 Aug 2:02 AM 0 Read More...

Dell's outlook disappoints as PC market falters

By Jim Finkle Tue Aug 21, 2012 6:30pm EDT (Reuters) - Dell Inc warned of a challenging second half and slashed its full-year earnings outlook as customers cut back on computer purchases ahead of the launch of Microsoft's Windows 8 software, sending its shares down more than 4 percent. Dell - once the world's top PC maker and a pioneer in computer supply chain management - is...

21 Aug 11:37 PM 0 Read More...

Apple, Samsung make final pitch to jury

By Dan Levine and Poornima Gupta SAN JOSE, California | Tue Aug 21, 2012 6:26pm EDT SAN JOSE, California (Reuters) - Apple Inc spent years developing its iconic iPhone, but Samsung took a shortcut by copying its rival's designs after realizing it could not keep up, an Apple attorney said as the high-stakes patent infringement trial drew towards a climax. Closing arg...

21 Aug 11:27 PM 0 Read More...

Seagate Technology in deal to buy Solyndra plant: source

By Ilaina Jonas NEW YORK | Tue Aug 21, 2012 7:24pm EDT NEW YORK (Reuters) - Seagate Technology Plc (STX.O), maker of hard drives and storage devices, has reached an agreement to buy the former manufacturing plant and headquarters building of bankrupt Solyndra LLC, which was financed by a controversial gover...

21 Aug 11:24 PM 0 Read More...