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| Mobile revolution, economy trip up tech giants Thursday, Oct 18, 2012 06:23 PM PDT  SAN FRANCISCO (Reuters) - Mobile may be the future of technology, but even with the worldwide proliferation of high-powered devices like smartphones and tablets, some companies are struggling to maintain consistent revenue streams. Earnings disappointments this week from Intel Corp, Microsoft Corp, Google Inc and AMD underscore how Silicon Valley, both the old guard and new, is struggling to profit from consumers' waning love affair with the stalwart PC and infatuation with mobile -- the most significant tectonic shift in the industry since the advent of the Internet. ... Full Story | Top |
| Top brass to discuss U.S. Air Force role in cyber warfare Thursday, Oct 18, 2012 05:49 PM PDT WASHINGTON (Reuters) - Twenty top U.S. Air Force generals are due to discuss cyber warfare in a November meeting aimed at clarifying the service's role in this new and increasingly important arena of military conflict. The four-star generals prepared for the event with a day of meetings last month at U.S. Cyber Command and the National Security Agency, where they and some three-star generals were briefed on the rapidly changing nature of the cyber threat and U.S. capabilities. ... Full Story | Top |
| Ally Financial latest U.S. bank to face cyber attacks Thursday, Oct 18, 2012 05:02 PM PDT (Reuters) - Ally Financial Inc on Thursday became the latest U.S. financial institution to face cyber attacks that may stem from hackers in Iran. Bank of America Corp , Wells Fargo & Co and other banks in recent weeks have suffered so-called denial of service attacks in which hackers use a high volume of incoming traffic to delay or disrupt customer websites. Regional bank BB&T Corp and credit card issuer Capital One Financial Corp confirmed disruptions earlier this week. ... Full Story | Top |
| Google results miss; shares dive after premature report Thursday, Oct 18, 2012 04:07 PM PDT  SAN FRANCISCO (Reuters) - Google Inc's quarterly results fell well short of Wall Street's expectations after its core advertising business slowed, stunning investors accustomed to consistently rapid growth from the Internet giant and wiping more than 9 percent off its market value. The disappointing numbers on Thursday came hours ahead of schedule in a rare instance of premature filing. Google blamed the misfire on an unauthorized filing by its financial printers, RR Donnelley & Sons Co, and later confirmed the numbers' accuracy. ... Full Story | Top |
| Dell bets on pre-packaged data center systems for corporations Thursday, Oct 18, 2012 04:00 PM PDT  SAN FRANCISCO (Reuters) - Dell Inc is betting that companies would prefer to buy pre-packaged systems to establish data centers, launching a product that combines the company's server, storage, network and software products as the No. 3 PC seller looks to expand in the lucrative enterprise sector. Dell's new enterprise business chief Marius Haas said Dell intend to push ahead aggressively to grab a bigger portion of the $110 billion market catering to the technology needs of corporations. ... Full Story | Top |
| Microsoft profit slips as PCs fizzle; Windows 8 awaited Thursday, Oct 18, 2012 03:52 PM PDT  SEATTLE (Reuters) - Microsoft Corp's quarterly profit fell a greater-than-expected 22 percent, as sales of computers running its Windows operating system dipped and some revenue was deferred ahead of upcoming releases of its core Windows and Office products. The sharp decline surprised investors, who had underestimated the effect of weak personal computer sales, sending Microsoft's shares down 1.3 percent in after-hours trading. "To us it seems like the macro conditions certainly deteriorated and no tech company will be immune to it," said Trip Chowdhry, analyst at Global Equities Research. ... Full Story | Top |
| Google filing error shocks investors, exposes process Thursday, Oct 18, 2012 03:40 PM PDT SAN FRANCISCO/NEW YORK (Reuters) - R.R. Donnelley & Sons Co handles thousands of securities filings a year for corporate clients in a routine process that is invisible to most investors. On Thursday Google and its shareholders found out just what happens when that process goes wrong. Google issued a statement blaming Donnelley, its filing agent, after the Internet search company's quarterly results were released by the U.S. Securities and Exchange Commission hours ahead of schedule. Earnings were far less than analysts expected and Google shares immediately plunged as much as 10. ... Full Story | Top |
| Google CEO says run rate for mobile now over $8 billion Thursday, Oct 18, 2012 03:40 PM PDT SAN FRANCISCO (Reuters) - Google Inc CEO Larry Page said on Thursday that the annual run rate for the company's mobile business was now more than $8 billion. (Reporting By Alexei Oreskovic) Full Story | Top |
| Chipmaker AMD announces layoffs as PC sales stumble Thursday, Oct 18, 2012 03:21 PM PDT  SAN FRANCISCO (Reuters) - PC chipmaker Advanced Micro Devices said on Thursday it will cut its work force of nearly 12,000 by 15 percent, its second round of layoffs in less than a year as it struggles with a weak global economy and a consumer shift toward tablets. The chipmaker forecast a drop in fourth-quarter revenue that is worse than Wall Street expected, and Chief Executive Rory Read said he does not expect the PC industry to improve for "several" quarters. AMD, which is a distant No. ... Full Story | Top |
| Twitter blocks neo-Nazi group's messages in Germany Thursday, Oct 18, 2012 03:03 PM PDT  FRANKFURT/SAN FRANCISCO (Reuters) - In response to a request by German authorities, Twitter on Thursday blocked messages in Germany posted by a right-wing group banned by local police. Twitter's move marked the first time it has implemented a new feature, called "Country Withheld Content", that allows the service to narrowly censor tweets considered illegal in one specific country. A Twitter spokesman confirmed Thursday that the account operated by the Besseres Hannover group and all of its content have been blocked for German users, but "remains visible to Twitter users in other countries". ... Full Story | Top |
| After 79 years in print, Newsweek goes digital only Thursday, Oct 18, 2012 02:52 PM PDT  (Reuters) - Newsweek, one of the most internationally recognized magazine brands in the world, will cease publishing a print edition after nearly 80 years. The decision to go all-digital underscores the problems faced by newsweeklies, as more consumers favor tablets and mobile devices over print in an increasingly commoditized, 24-hour news cycle. The final print edition of the weekly current affairs magazine will hit newsstands on December 31. ... Full Story | Top |
| Instant View: Microsoft's profit falls as PC sales shrink Thursday, Oct 18, 2012 01:22 PM PDT (Reuters) - Microsoft Corp said its fiscal first-quarter profit fell on Thursday, hurt by a dip in computer sales running its Windows operating system and the deferral of some revenue ahead of upcoming releases of its core Windows and Office products. Commentary: KIM CAUGHEY FORREST, SENIOR ANALYST, FORT PITT CAPITAL GROUP "I see Microsoft as a business-orientated software company. The shortfall stemming from PC or lack of PC sales, isn't troubling. Everybody told you this would happen. That's where I think the shortfall came in revenue. "I'm surprised at strength in server and tools. ... Full Story | Top |
| Capgemini CEO says to hire new finance chief by November Thursday, Oct 18, 2012 11:54 AM PDT PARIS (Reuters) - French technology consultancy Capgemini said it would hire a new chief financial officer by early November and maintain its strategy after the departure of its current finance chief for a new post rattled markets on Thursday. Chief Executive Paul Hermelin said in an interview that he has been contacted by outside candidates and has credible internal ones to replace CFO Nicolas Dufourcq, who will take the helm of France's new public investment bank, BPI. ... Full Story | Top |
| R.R. Donnelley investigating Google release: CNBC Thursday, Oct 18, 2012 11:31 AM PDT (Reuters) - Printing services firm R.R. Donnelley & Sons is investigating how Google Inc's quarterly earnings managed to get out hours ahead of schedule, the company told CNBC on Thursday. Google blamed Donnelley, its securities filing agent, after a draft press release with third-quarter results was filed with the U.S. Securities and Exchange Commission in the early afternoon. The results had been expected after the market close. (Reporting By Ben Berkowitz; Editing by Bernard Orr) Full Story | Top |
| Alcatel-Lucent to cut 5,490 jobs worldwide Thursday, Oct 18, 2012 11:22 AM PDT PARIS (Reuters) - Telecoms equipment maker Alcatel-Lucent plans to axe 5,490 jobs worldwide as part of a cost-saving program unveiled in July, with more than a quarter of the cuts coming in France. Union representatives in France on Thursday pledged to fight the 1,430 job cuts in France and called on the government to intervene, creating another headache for the new Socialist government as it tries to tackle unemployment which is at a 13-year high. "We are in shock," Isabelle Guillemot, of the CFDT union, said, calling on workers to hold protests on Friday. ... Full Story | Top |
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