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Reuters Technology News Headlines - Yahoo! News Amazon pays top dollar to buy Seattle HQ Ruckus Wireless files for IPO of up to $100 million Apple's iPhone 5 gets thumbs-up from Consumer Reports Italy's Wind calls for mobile network sharing Analysts slash targets after Zynga warns of loss Senior smartphone executive leaves Nokia Facebook's head of communications to leave company Motorola wins German patent case against Microsoft Global Logistic Properties gains from China's online boom Sony halts Xperia tablet sales after defect found Samsung posts $7.3 billion third-qurter profit, this quarter will be tougher Zynga slashes 2012 outlook again, shares hit record low Lawmaker cites new cyber threats to financial networks Facebook IPO lawsuits to be heard in New York Samsung's Galaxy phones drive record $7.3 billion profit Amazon pays top dollar to buy Seattle HQ (Reuters) - Amazon.com Inc said on Friday it will spend over $1 billion to buy its Seattle corporate headquarters in what will be the United States' biggest commercial real estate deal so far this year for a single property. The world's largest Internet retailer plans to buy 11 buildings in the trendy South Lake Union area, comprising 1.8 million square feet of corporate office space, for $1.16 billion from Microsoft Corp co-founder Paul Allen's investment firm. ... Full Story Top Ruckus Wireless files for IPO of up to $100 million (Reuters) - WiFi products maker Ruckus Wireless Inc filed with U.S. regulators on Friday to raise up to $100 million in an initial public offering of common stock. The Sunnyvale, California-based company, which makes wireless LAN products for both indoor and outdoor use, intends to list its stock under the symbol "RKUS." The company however did not specify the stock exchange it intended to list on, the number of shares it planned to sell and their expected price. ... Full Story Top Apple's iPhone 5 gets thumbs-up from Consumer Reports SAN FRANCISCO (Reuters) - Consumer Reports, the influential reviewers' group that blasted the iPhone 4 for a faulty antenna, on Friday gave Apple Inc's latest smartphone a thumbs-up despite echoing widespread complaints about its patchy mapping service. The organization, which in 2010 withheld its recommendation for the iPhone because of spotty reception when the gadget was held in a certain way, said laboratory tests confirmed that the new iPhone 5 ranked among the best smartphones but its mapping function clearly fell short. ... Full Story Top Italy's Wind calls for mobile network sharing CAPRI, Italy (Reuters) - Italy's third-largest mobile phone company Wind called for peers to share their frequencies and antennas to help roll out a superfast network. "I believe there is awareness among all mobile operators that there is the need to place, into a specifically created company, frequencies and networks," Wind Chief Executive Maximo Ibarra said on the sidelines of an event in Capri on Friday . "Competition will be on services," he said. ... Full Story Top Analysts slash targets after Zynga warns of loss (Reuters) - Brokerages lowered their price targets on Zynga Inc's stock by up to 40 percent after the "Farmville" game maker slashed its 2012 outlook for the second time due to a decline in the number of paying customers. The company's shares fell 20 percent to a year low on the Nasdaq on Friday. The stock is trading at $2.21 - a fraction of the $15.91 high it touched in March. Shares of Facebook Inc, which derives over a tenth of its revenue from fees paid by Zynga, also fell 2 percent to $21.53 in morning trade. ... Full Story Top Senior smartphone executive leaves Nokia HELSINKI (Reuters) - A senior Nokia executive in charge of product marketing has left the company, after a launch event last month for the company's new Lumia smartphones disappointed investors. Ilari Nurmi, who was vice president of product marketing and responsible for the company's smartphone strategy, confirmed to Reuters in an email that he recently left the Finnish phone company. He did not make clear whether he left of his own accord, and the company declined to comment on the circumstances of his departure. ... Full Story Top Facebook's head of communications to leave company SAN FRANCISCO (Reuters) - Joe Lockhart, Facebook Inc's head of global communications and a former press secretary for President Bill Clinton, is leaving the social networking company, Facebook said. Lockhart, who is the latest high-profile executive to depart Facebook following its disappointing initial public offering in May, is leaving 15 months after joining the world's No.1 social network. A Facebook spokeswoman said that Lockhart is leaving because he decided he wanted to remain on the East Coast, and did not want to move to California, where Facebook is headquartered. ... Full Story Top Motorola wins German patent case against Microsoft FRANKFURT (Reuters) - Mobile phone maker Motorola achieved a rare victory against software giant Microsoft in a patent case before a German court on Friday, the latest in a wave of patent lawsuits by technology firms fighting over market share. The regional court in Mannheim ruled that Motorola Mobility, part of Google, did not infringe a Microsoft patent which enables applications to work on different handsets. This allows application developers to avoid writing separate codes for each handset saving time and development costs. ... Full Story Top Global Logistic Properties gains from China's online boom SINGAPORE (Reuters) - As consumer spending grows in China and more people turn to online shopping, warehouse operator Global Logistic Properties (GLP) is counting the benefits of the boom, even as exports in the world's second-largest economy slow. "E-commerce drives a lot of our business. Any time a business shifts to e-commerce, what was previously in a retail location or a store needs to be in a warehouse now," Singapore-listed GLP's deputy chairman and co-founder Jeff Schwartz said. ... Full Story Top Sony halts Xperia tablet sales after defect found TOKYO (Reuters) - Sony Corp said it has halted sales of its Xperia tablet PCs, a month after its launch, after discovering gaps between the screen and the case that make some of the machines susceptible to water damage. The problem with the tablet, which is supposed to be water resistant, is the result of a manufacturing flaw at the Chinese plant where it is fabricated, said Sony spokeswoman Noriko Shoji. Sony has not yet decided when it will resume sales, she added. ... Full Story Top Samsung posts $7.3 billion third-qurter profit, this quarter will be tougher SEOUL (Reuters) - Samsung Electronics reported a record quarterly profit of $7.3 billion, nearly double last year's figure, as strong sales of high-end TVs and Galaxy smartphones more than offset reduced orders for chips and screens from Apple Inc, its main rival and leading customer. Most analysts, however, expect a run of four straight record quarters to end in December as the South Korean group, the world's leading maker of smartphones, TVs and memory chips, ramps up its marketing to counter Apple's new iPhone and other products in a crowded $200 billion global smartphone market. ... Full Story Top Zynga slashes 2012 outlook again, shares hit record low SAN FRANCISCO (Reuters) - Zynga Inc slashed its 2012 outlook for a second time on the poor performance of its live Internet games and the writeoff of an acquisition, fanning doubts about its ability to halt a steep decline in earnings and sending its shares to a record low. The social games maker -- hailed a year ago as part of a new generation of hot consumer Internet companies -- acknowledged on Thursday that it is still struggling to stem user flight from Facebook titles like "CityVille" and "FarmVille" that had once driven revenue growth. ... Full Story Top Lawmaker cites new cyber threats to financial networks WASHINGTON (Reuters) - The head of the House of Representatives Intelligence Committee said on Thursday that significant new cyber threats to U.S. financial networks appeared to be emerging from an "unusual" source. Committee Chairman Mike Rogers did not specifically identify the purported new threat nor its origin but referred several times to what he described as Iran's growing cyber espionage capabilities. ... Full Story Top Facebook IPO lawsuits to be heard in New York (Reuters) - Dozens of lawsuits against Facebook Inc, the NASDAQ exchange and various underwriters will be centralized before a federal judge in New York, who must sort through the legal aftermath of Facebook's botched initial public offering. A panel of federal judges on Thursday ordered that cases filed around the United States be transferred to U.S. District Judge Robert Sweet in Manhattan. Facebook had requested the transfer, while some investors sought to keep their cases in California. ... Full Story Top Samsung's Galaxy phones drive record $7.3 billion profit SEOUL (Reuters) - Samsung Electronics reported quarterly profit of $7.3 billion on Friday, a fourth straight record quarter and nearly double last year's figure, as strong sales of its Galaxy smartphones more than offset reduced orders for chips and screens from Apple Inc, the South Korean group's main rival and leading customer. But the record run will come to an end in the current quarter as Samsung spends more on marketing to counter Apple's latest iPhone and other rival products in a crowded $200 billion plus global smartphone market. ... Full Story Top

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