Tech News - Page 2

Facebook shares hit all-time low; drop 6% as investors rush to sell

Facebook Inc shares sank 6.3 percent to a record closing low after early investors got the greenlight to sell for the first time since it went public.

As yen weakens, Apple joins other foreign brands in raising prices in Japan

Apple Inc hiked prices of iPads and iPods in Japan on Friday, becoming the latest and highest-profile brand to join a growing list of foreign firms asking Japanese consumers to pay more as a weakening yen squeezes income.

Honda launches entry-level sedan Amaze starting at Rs 4.99 lakh

Japanese auto major Honda Motor Co today launched its much-awaited entry level sedan Amaze at a price range of Rs 4.99 lakh to Rs 7.60 lakh

Google to carry real-time data from EU stock markets

Google says it's now carrying real-time quotes from major stock exchanges in Britain, Italy and Germany.

Nintendo falls after forecasting big annual loss

Nintendo Co's shares tumbled nearly 8 percent to an eight-year low on Friday after the game maker reported a sharp drop in quarterly earnings and forecast its first ever full-year operating loss.

Netflix customers return in Q4; stock soars 15 percent

Netflix has regained almost as many customers as it lost following an unpopular price increase, signaling that the video subscription service is healing from its self-inflected wounds.

Kerala to take student innovators to tour Silicon Valley

The process to select five students to tour Silicon Valley in March and meet IT wizards like the founders of Facebook and Google, as promised by Kerala Chief Minister Ooomen Chandy, has begun.

Investors fail to bite at Microsoft Wall St pow-wow

Microsoft is expected to raise its quarterly dividend modestly next week- as it does most years - but has shown no indication that it will bow to investor demands to double its dividend or make another special payout as it did in 2004.

Facebook's COO Sandberg ducks questions about IPO debacle

Facebook Chief Operating Officer Sheryl Sandberg spoke to Harvard University student, but refrained from addressing the controversy around the messy, glitch-plagued IPO debut.

Eyeing Yahoo deal, Alibaba may take HK unit private

Under the plans, Alibaba Group would use bank loans and cash plus an asset swap to buy back about a 25 percent stake, leaving Yahoo holding 15 percent.

Struggling RIM announces new executive hires

BlackBerry maker Research in Motion Ltd said Tuesday that it has hired two new senior executives, including a marketing chief, as the company looks to regain market share lost to Apple's iPhone.

Foxconn chairman pledges to keep raising pay

Foxconn Technology Group will keep increasing worker salaries in China and cutting work hours, Chairman Terry Gou said on Sunday, after it came under fire for poor working conditions for employees making Apple iPhones and iPads.

China to become world's largest market for e-commerce soon

China is expected to surpass Japan and the US in three years to become the country with the world's largest market for online goods and services.

Yahoo names three new independent directors

Yahoo Inc has appointed three new independent directors as it prepares for a proxy fight with activist hedge fund investor Daniel Loeb.

Adobe revenue slows ahead of upgrades, shares fall

Adobe Systems Inc, maker of Photoshop and Acrobat software, said revenue growth slowed as sales of its widely used Creative Suite software fell, missing its forecasts, ahead of widely anticipated product launches this quarter.

US panel to review Microsoft-Motorola patent decision

A US trade panel said on Friday that it would thoroughly review its preliminary decision on whether Motorola violated Microsoft patents.

Ex-Google CEO Schmidt to sell 2.4 mn shares worth $ 1.5 bn

Former Google CEO Eric Schmidt plans to sell up to 2.4 million shares of stock currently worth nearly $1.5 billion.

Baidu profit up 77 percent on customer growth

Baidu Inc, which operates China's most popular search engine, said Friday its latest quarterly profit rose 77 percent over a year earlier as customer numbers and spending per customer rose.

Apple loses China smartphone market share in Q4

Grappling with a lawsuit from a Chinese company over the iPad name and issues at its suppliers' factories over wages and working conditions, China has not been an easy market for Apple, <br /><br /> <br /><br />

Amazon to open second fulfilment centre in Delaware

Amazon.Com Inc, which has been spending heavily on expansion, said it will spend more than $90 million to open a fulfilment centre at Middletown in Delaware.

Samsung looks to capture 60% of smartphone share in India

Samsung India is targetting to capture 60 percent of the mobile smartphone market in the country this year, a company official said.

US Air Force to buy up to 18,000 iPads

The US Air Force plans to buy up to 18,000 iPads or similar tablet devices to cut down on the amount of paper charts and manuals its pilots and flight crews carry.

LinkedIn Q4 revenue beats estimates

Professional networking service LinkedIn posted fourth-quarter revenue that beat estimates thanks to strong product and subscription growth.

Zynga, Hasbro partner to make toys, games

Hasbro Inc , the iconic American toy company, and social game company Zynga Inc said on Thursday they would join forces to develop toys and games based on Zynga's games like FarmVille.

Microsoft lays off 200 marketing employees

Microsoft Corp said it laid off some of its marketing staff on Wednesday as part of an effort to restructure its operations.

Seagate completes Samsung HDD buyout

Under the deal, Samsung will transfer the HDD business to Seagate and in return will get about a 9.6% stake or 5.2 mn shares of Seagate valued at $687.5 mn

Bleeding Deutsche Telekom mum on plan B for T-Mobile

There has been mounting speculation that Deutsche Telekom may be forced to sell assets, such as UK mobile company Everything Everywhere, to slash its burgeoning cost base.

Vodafone to discontinue services on inactive mobile numbers

Faced with shortage of numbers, Vodafone India said it will discontinue services on mobile numbers of prepaid customers that have not been in use for a continuous period of 60 days.

Nokia likely to sell luxury arm Vertu in competetive push

Vertu, which makes luxury handmade phones, has yet to be given a value, although annual revenue is estimated to be between 200 million euros and 300 million euros.<br /><br />

IT to grow 16-18 percent this fiscal:Nasscom

Nasscom had in February presented a conservative outlook of 16-18 percent growth in IT exports in 2011-12 in the wake of the slow economic recovery in the US and uncertainty in the European region.