Technology News

Event software maker Bizzabo raises $27 million in private funding

JERUSALEM (Reuters) - Bizzabo, a U.S.-Israeli maker of software to manage and personalize professional events, said on Wednesday it raised $27 million in a funding round led by Viola Growth. The latest round brings Bizzabo’s total fundraising to $56 million and will help the company expand its platform and grow its research and development, it said. New investor Next47, as well as existing investors such as Pilot G...

17 Apr 11:24 AM 0 Read More...

Foxconn's Gou in bid for Taiwan presidency, with blessing of sea goddess

TAIPEI (Reuters) - Terry Gou, chairman of Apple supplier Foxconn, said on Wednesday he will contest Taiwan’s 2020 presidential election, shaking up the political landscape at a time of heightened tension between the self-ruled island and Beijing. Gou, Taiwan’s richest person with a net worth of $7.6 billion according to Forbes, said he would join the already competitive race, and take part in the opposition, Chin...

17 Apr 8:50 AM 0 Read More...

Ericsson shares hit four-year high after profit tops forecasts for fifth quarter

STOCKHOLM (Reuters) - Ericsson posted a first-quarter profit on Wednesday that swept past forecasts due to strong growth in North America and cost cuts, spurring the telecom equipment maker to boost its full-year outlook for the global networks market. Its shares rose more than 3 percent to a four-year high. Profit beat expectations for a fifth straight quarter, as the Swedish company slashes costs following an indu...

17 Apr 8:27 AM 0 Read More...

Ericsson profit beats forecasts for fifth straight quarter as savings, 5G sales kick in

STOCKHOLM (Reuters) - Mobile telecom equipment maker Ericsson beat first-quarter result forecasts on Wednesday due mainly to strong growth in North America as the company raised its full-year outlook for the global networks market. The Swedish company has shown steady improvement in profitability after slashing costs and seeing increasing demand for 5G equipment as it rebounds from falling spending on networks by tel...

17 Apr 6:22 AM 0 Read More...

Foxconn's Gou to 'follow order of sea goddess' in Taiwan vote; yet to declare presidential run

TAIPEI (Reuters) - Terry Gou, chairman of Apple supplier Foxconn, said on Wednesday he “will follow the instruction” of a sea goddess who has told him to run in Taiwan’s presidential election next year. The billionaire was speaking as over 100 people crowded into Ci Hui temple in Banqiao, New Taipei City. The temple is devoted to the sea goddess Mazu, a popular figure in Taiwan that governs everything from safe...

17 Apr 5:29 AM 0 Read More...

NXP invests in Chinese self-driving technology company Hawkeye

(Reuters) - Dutch chipmaker NXP Semiconductors NV said on Wednesday that it has invested in Chinese self-driving technology company Hawkeye Technology Co Ltd to expand its footprint in the automotive radar market in China. NXP also signed a collaboration agreement with the Chinese firm under which Hawkeye will offer its expertise in 77Ghz automotive radar, a technology that enhances automotive safety by enabling vehi...

17 Apr 1:04 AM 0 Read More...

IBM quarterly revenue misses estimates on weak cloud, services demand

(Reuters) - International Business Machines Corp reported a bigger-than-expected drop in quarterly revenue on Tuesday, an indication that its efforts to pivot to newer businesses such as cloud, analytics, software and services remained patchy at best. Shares of the company fell about 2.85 percent to $141 in trading after the bell. Under Ginni Rommetty’s stewardship, the company has shed many of its traditional hard...

16 Apr 9:21 PM 0 Read More...

Qualcomm shares soar on surprise settlement with Apple of long legal dispute

(Reuters) - Qualcomm Inc on Tuesday won a major victory with a surprise settlement of its wide-ranging legal dispute with Apple Inc that includes a supply agreement paving the way for the iPhone to once again use Qualcomm modem chips including potentially for new 5G capability. The settlement also includes a six-year patent license and a payment from Apple to Qualcomm, but the companies did not disclose the amou...

16 Apr 9:13 PM 0 Read More...

Netflix forecast disappoints as streaming competition looms

(Reuters) - Netflix Inc reported quarterly results on Tuesday that beat Wall Street targets, but the world’s largest online streaming service predicted it would hook fewer new customers than expected through June, just as Walt Disney Co and others prepare to escalate the streaming video wars. Shares of Netflix traded down about 1 percent at $355.02 after-the-bell, paring losses following a deeper sell-off just afte...

16 Apr 8:58 PM 0 Read More...

Fried chicken vs $13: Apple, Qualcomm explain claims to jury as trial opens

SAN DIEGO, Calif. (Reuters) - Apple Inc and Qualcomm Inc on Tuesday opened a complex trial with the iPhone maker using a fried chicken analogy to illustrate its claim the chip company is abusing its market power while Qualcomm alleged a years-long plan by Apple to deprive it of billions in revenue, $13 at a time. The fate of Qualcomm’s business model, which involves licensing more than 130,000 patents in addition...

16 Apr 7:04 PM 0 Read More...