Technology News

Nokia investors tell CEO their patience running thin

By Ritsuko Ando HELSINKI | Tue May 7, 2013 11:01am EDT HELSINKI (Reuters) - Nokia investors told Chief Executive Stephen Elop on Tuesday that they were running out of patience with his flagging attempts to catch up with market leaders Apple and Samsung in smartphones. Many shareholders at the annual general...

07 May 3:01 PM 0 Read More...

Nokia CEO says remains focused on Windows Phone software

HELSINKI | Tue May 7, 2013 6:35am EDT HELSINKI (Reuters) - Nokia Chief Executive Stephen Elop said the company would remain focused on using Microsoft's Windows Phone software to compete with smartphone rivals such as Samsung. Nokia's first-quarter results showed incremental gains in sales of Lumia smartphones which use Windows software, while sales of its basic phones - tr...

07 May 10:35 AM 0 Read More...

Fight expected in House on online sales tax

By Kim Dixon and Patrick Temple-West WASHINGTON | Tue May 7, 2013 12:42am EDT WASHINGTON (Reuters) - The Senate voted overwhelmingly on Monday to give states the power to enforce their sales tax laws on online purchases, but the legislation faces a tougher fight in the Republican-controlled House of Represe...

07 May 4:42 AM 0 Read More...

Ruckus expects second-quarter below estimates as China demand softens

By Chandni Doulatramani Mon May 6, 2013 7:34pm EDT (Reuters) - WiFi products maker Ruckus Wireless Inc forecast current-quarter revenue below analysts' estimates, citing a weak Chinese market and uncertainty over deployments by service providers in the Americas. Shares of the company, which went public in November, fell 18 percent to $15.77 in after-hours trading. The compan...

06 May 11:34 PM 0 Read More...

Regulator mulls setting rules for digital currency Bitcoin

By Douwe Miedema WASHINGTON | Mon May 6, 2013 6:32pm EDT WASHINGTON (Reuters) - The top U.S. derivatives regulator is considering whether the Bitcoin virtual currency should be subject to its rules, a top official at the agency said. Bart Chilton, one of five commissioners at the Commodity Futures Trading Commission, said he had asked staff to explore whether consum...

06 May 10:32 PM 0 Read More...

In Silicon Valley, snarky blogs make a comeback

By Sarah McBride SAN FRANCISCO | Mon May 6, 2013 4:04pm EDT SAN FRANCISCO (Reuters) - Silicon Valley is taking itself a tad too seriously, and a few of its shriller residents have taken note. Recent weeks have seen the birth of a few new blogs poking fun at America's crucible of technology, among them whitemenwearinggoogleglass.tumblr.com, a relaunched version of th...

06 May 8:04 PM 0 Read More...

Adobe moves flagship software upgrades to cloud

By Supantha Mukherjee and Sruthi Ramakrishnan Mon May 6, 2013 4:30pm EDT (Reuters) - Adobe Systems Inc said upgrades for its flagship software package, which includes Photoshop, Illustrator and Flash, would be available only through online subscriptions, effective immediately. Adobe is the latest traditional software company to make a big bet on the cloud-based subscription ...

06 May 6:47 PM 0 Read More...

BMC to go private in $6.9 billion deal led by Bain, Golden Gate

By Sayantani Ghosh Mon May 6, 2013 11:53am EDT (Reuters) - Business software maker BMC Software Inc, whose anemic growth has been a source of frustration for its largest shareholder, said it would be taken private by a group led by Bain Capital and Golden Gate Capital for about $6.9 billion. Elliott Management, which owns 9.6 percent of BMC and had been pushing for a sale fo...

06 May 3:53 PM 0 Read More...

BMC to sell itself to private equity group for $6.9 billion

Mon May 6, 2013 9:51am EDT (Reuters) - Business software maker BMC Software Inc said on Monday it agreed to be acquired by a private equity group led by Bain Capital and Golden Gate Capital Corp for about $6.9 billion. The offer price of $46.25 per share represents a premium of less than 2 percent to BMC's Friday close of $45.42. BMC shares were little changed at $45.46 on the Nasda...

06 May 1:51 PM 0 Read More...

Clearwire says Sprint offer best option for minority stockholders

Mon May 6, 2013 9:12am EDT (Reuters) - Wireless service provider Clearwire Corp said on Monday its proposed buyout by majority owner Sprint Nextel Corp was the best option for Clearwire's minority stockholders. Clearwire shares, which fell about 6 percent in an initial reaction to the statement, recovered to trade just above the closing price of $3.38 on Friday."The Clearwire board ...

06 May 1:12 PM 0 Read More...