Technology News

Linux distributor Red Hat's billings growth disappoints

By Neha Alawadhi Mon Sep 23, 2013 6:38pm EDT (Reuters) - Red Hat Inc, the world's largest commercial distributor of the Linux operating system, reported a slower growth in billings than analysts had expected. The company's shares fell nearly 8 percent after markets closed.Red Hat's billing proxy, which the company defines as total revenue combined with the change in deferred...

23 Sep 10:38 PM 0 Read More...

U.S. trade panel judge says HTC violates Nokia patents

WASHINGTON | Mon Sep 23, 2013 6:19pm EDT WASHINGTON (Reuters) - HTC Corporation infringed on two Nokia Corp patents in making its mobile telephones and tablets, a judge said in a preliminary ruling issued on Monday for the U.S. International Trade Commission. Taiwan-based HTC was found to have infringed two patents which have to do with signals sent or received by mobile te...

23 Sep 10:19 PM 0 Read More...

Dell updates terms on increased $7.2 billion LBO loan

By Natalie Wright NEW YORK | Mon Sep 23, 2013 4:30pm EDT NEW YORK (Reuters) - Computer maker Dell Inc (DELL.O) updated facility sizes on its new approximately $7.2 billion loan that will back the company's $25 billion buyout by founder and CEO Michael Dell and private equity firm Silver Lake Partners, sources told Thomson Reuters LPC. Tranching now includes a $1.5-1...

23 Sep 8:30 PM 0 Read More...

Apple polishes forecast after selling 9 million new iPhones

By Poornima Gupta and Jennifer Saba Mon Sep 23, 2013 2:33pm EDT (Reuters) - Apple Inc sold 9 million new iPhones in an opening weekend for the product that included China for the first time and almost doubled sales from the last iPhone launch, and the company issued a more optimistic financial forecast. Apple shares jumped more than 4.6 percent after the company said revenue...

23 Sep 6:33 PM 0 Read More...

Marvell fails to void $1.17 billion U.S. verdict, chipmaker may owe more

By Jonathan Stempel Mon Sep 23, 2013 2:08pm EDT (Reuters) - Marvell Technology Group Ltd failed to overturn a $1.17 billion jury verdict for infringing two hard disk drive patents held by Carnegie Mellon University, and a federal judge said the amount may grow because the infringement was willful. U.S. District Judge Nora Barry Fischer in Pittsburgh, where Carnegie Mellon is...

23 Sep 6:08 PM 0 Read More...

BlackBerry in $4.7 billion takeover deal with Fairfax group

TORONTO | Mon Sep 23, 2013 2:05pm EDT TORONTO (Reuters) - Smartphone maker BlackBerry Ltd said on Monday it agreed in principle to be acquired by a consortium led by its biggest shareholder, Fairfax Financial Holdings Ltd, for $4.7 billion. Fairfax, led by Canadian investor Prem Watsa, owns 10 percent of BlackBerry. It has offered to pay $9 a share in cash for the Canadian ...

23 Sep 6:05 PM 0 Read More...

Microsoft revamps Surface tablets to challenge Apple

By Sinead Carew NEW YORK | Mon Sep 23, 2013 11:53am EDT NEW YORK (Reuters) - Microsoft Corp on Monday unveiled faster, more powerful versions of its Surface tablets in an effort to boost poor sales and mount a stronger challenge Apple Inc's iPad. The overhaul of the software company's first own-brand computers comes less than a year after their launch. So far, the S...

23 Sep 3:53 PM 0 Read More...

Sales of new iPhones top forecast, Apple polishes forecast

By Poornima Gupta and Jennifer Saba Mon Sep 23, 2013 11:15am EDT (Reuters) - Apple Inc sold a higher-than-expected 9 million iPhone 5s and iPhone 5c models in the first three days following their Friday launch, prompting the company to issue a more optimistic financial forecast. Apple shares rose 4.5 percent to $488.64 in...

23 Sep 3:15 PM 0 Read More...

Apps find sitters, overnight lodging for furry friends

By Natasha Baker TORONTO | Mon Sep 23, 2013 11:04am EDT TORONTO (Reuters) - Dog owners need not worry about leaving their pets at home alone or finding a kennel because new apps can locate and book sitters in their neighborhoods who will lodge, feed and entertain their animals. There are about 78 million dogs in the United States, according to the American Humane So...

23 Sep 3:04 PM 0 Read More...

Apple sells 9 million 5s, 5c iPhones in first three days

By Jennifer Saba Mon Sep 23, 2013 10:03am EDT (Reuters) - Apple Inc said it sold 9 million iPhone 5s and iPhone 5c models in their first three days on the market, the most successful iPhone launch ever. Apple shares rose more than 5 percent to $493.47 in early trading on Monday following the news.Demand for the iPhone 5s ...

23 Sep 2:03 PM 0 Read More...