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Historic Facebook debut falls flat SAN FRANCISCO (Reuters) - The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close.
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U.S. says will bar some Motorola Mobility phones WASHINGTON (Reuters) - Some Motorola Mobility smartphones infringe on a Microsoft patent and will be barred from importation to the United States, a U.S. trade panel said on Friday.
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Intelsat Global files for $1.75 billion IPO (Reuters) - Intelsat Global Holdings S.A., the world's biggest operator of satellite services, filed with U.S. regulators on Friday to raise up to $1.75 billion in an initial public offering of its common stock.
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Mexico's Slim eyeing Telekom Austria stake: report VIENNA (Reuters) - Mexican billionaire Carlos Slim is eyeing a stake in Telekom Austria and is believed to have held initial talks with its two biggest investor groups, Austrian magazine Format reported, without citing sources.
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Ex-Yahoo CEO Thompson leaves F5 Networks' board (Reuters) - Networking gear maker F5 Networks said former Yahoo Inc CEO Scott Thompson has resigned from its board of directors, effective immediately.
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Historic Facebook debut falls short of expectations SAN FRANCISCO (Reuters) - The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close.
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Twitter agrees to adopt Do-Not-Track privacy option SAN FRANCISCO (Reuters) - Twitter will honor requests from users who do not want their online behavior tracked, the company said on Thursday, in contrast with Web companies such Google Inc and Facebook Inc whose business models rely heavily on collecting user data.
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Worries mount as Nokia burns through cash LONDON/HELSINKI, May 18 (IFR/Reuters) - Nokia Oyj is tearing through its cash reserves at an unsustainable rate, raising what some analysts say are serious questions about the struggling Finnish phone maker's ability to stabilize its finances in the months ahead.
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ZTE confirms security hole in U.S. phone (Reuters) - ZTE Corp, the world's No.4 handset vendor and one of two Chinese companies under U.S. scrutiny over security concerns, said one of its mobile phone models sold in the United States contains a vulnerability that researchers say could allow others to control the device.
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Insight: Who got Facebook IPO shares? Fairness may not come into it NEW YORK (Reuters) - A lot of loyal Facebook fans and occasional investors are discovering a hard truth this week: Money and connections talk, especially when it comes to a hot deal handled by Wall Street.
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GM ad move followed failed Facebook pitch: sources DETROIT/NEW YORK (Reuters) - Facebook may only have itself to blame for why General Motors rained on its IPO parade this week.
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Historic Facebook debut falls short of expectations SAN FRANCISCO (Reuters) - The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close.
Read the full article on Reuters: Technology News » |

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Samsung gets 9 million preorders for new Galaxy phone: report SEOUL (Reuters) - Samsung Electronics Co has received some 9 million pre-orders for its third-generation Galaxy S smartphone from more than 100 global carriers, the Korea Economic Daily reported on Friday.
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Schilling game firm can't make Rhode Island payment BOSTON (Reuters) - The troubled video game company run by former Red Sox pitcher Curt Schilling failed to make a promised payment to the state of Rhode Island on Thursday when it did not have sufficient funds to cover a check.
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EA must defend NCAA conspiracy lawsuit (Reuters) - Electronic Arts Inc lost its bid to be dismissed from a lawsuit accusing the video game company of involvement in an NCAA conspiracy to prevent college athletes from being paid.
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Verizon data fans to pay more in service or phones NEW YORK (Reuters) - Verizon Wireless plans to make its data-hungry customers pay a lot more, either in service fees or smartphone prices, as it tries to cut costs and boost revenue from data services.
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Insight: Who got Facebook shares? Fairness may not come into it NEW YORK (Reuters) - A lot of loyal Facebook fans and occasional investors are discovering a hard truth this week: Money and connections talk, especially when it comes to a deal handled by Wall Street.
Read the full article on Reuters: Technology News » |

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AT&T eyes lower subsidies, shared data plans NEW YORK (Reuters) - AT&T Inc is hoping to help its margins by lowering smartphone subsidies and the company also aims to boost revenue with a new offering that would allow consumers to share their data allowance between tablets and smartphones.
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Iran threatens to sue Google over dropping Persian Gulf DUBAI (Reuters) - Iran's Foreign Ministry threatened on Thursday to take legal action against Google for dropping the name Persian Gulf from its Google Maps and leaving the waterway between Iran and Arab states nameless, state television reported.
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HP mulls cutting at least 25,000 jobs: sources (Reuters) - Hewlett-Packard Co is considering cutting its workforce by 8 to 10 percent, or a minimum of 25,000 jobs, sources familiar with the matter told Reuters, as newly installed CEO Meg Whitman strives to return the storied Silicon Valley institution to growth.
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Facebook prices at top of range in landmark IPO NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc priced its initial public offering at the top of its target range to raise more than $16 billion, as strong demand, particularly from retail investors, fuels anticipation of a big pop in the stock when it begins trading Friday on the Nasdaq.
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Facebook's Saverin fires back at tax-dodge critics WASHINGTON (Reuters) - Facebook co-founder Eduardo Saverin, under fire over the tax consequences of renouncing his U.S. citizenship, said on Thursday he is obligated to and will pay "hundreds of millions of dollars in taxes to the United States government."
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Apple to use only green power for main data center (Reuters) - Apple Inc plans to power its main U.S. data center entirely with renewable energy by the end of this year, taking steps to address longstanding environmental concerns about the rapid expansion of high-consuming computer server farms.
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Hackers break into Azerbaijan Eurovision websites BAKU (Reuters) - A group of hackers calling themselves Cyberwarriors for Freedom attacked the official websites of the Eurovision song contest on Thursday, demanding that the host nation, Azerbaijan, cancel next week's competition.
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Wi-Lan says court to proceed with patent trial (Reuters) - Canadian patent licensing company Wi-Lan Inc said a U.S. judge had allowed its patent suit to proceed against eight companies, including units of Alcatel-Lucent, Ericsson, HTC Corp and Sony Corp.
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No respite for HP, Dell in Windows 8: BMO (Reuters) - Microsoft's long-awaited launch of the Windows 8 OS may not change the fortunes of PC makers, BMO analysts said, lowering their price targets on the stocks of Hewlett-Packard Co and Dell Inc.
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Analysis: Facebook can't take Asian growth for granted SINGAPORE (Reuters) - Even as Facebook fever grips investors ahead of the social networking giant's potential $100 billion-plus initial public offering, its breakneck growth in Asia may be slowing as it moves beyond desktop users to those who access the Internet largely or solely from a mobile phone.
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Pinterest financing values company at $1.5 billion (Reuters) - Silicon Valley startup Pinterest raised $100 million from a group led by Japanese online retailer Rakuten Inc, valuing the company at about $1.5 billion and underscoring the huge investor appetite for social-networking companies.
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Kochs help Republicans catch up on technology SAN FRANCISCO (Reuters) - In the 2008 presidential race, Barack Obama was famously effective in using new technologies to raise money, mobilize voters and target his message of change.
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Toshiba plans to double operating profit by 2014-15 TOKYO (Reuters) - Japan's Toshiba Corp said on Thursday it aims to more than double its annual operating profit in three years to $5.6 billion, by expanding its social infrastructure business and boosting sales of electronics devices.
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Pinterest financing values company at $1.5 billion (Reuters) - Silicon Valley startup Pinterest raised $100 million from a group led by Japanese online retailer Rakuten Inc, valuing the company at about $1.5 billion and underscoring the huge investor appetite for social-networking companies.
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FCC chooses spectrum for wireless medical devices NEW YORK (Reuters) - The telecommunications regulator on Thursday announced plans to set aside a chunk of spectrum for connecting wireless medical devices to allow for more convenient and cost-effective health monitoring.
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Toshiba says stops making LCD TVs in Japan TOKYO (Reuters) - Toshiba Corp said on Thursday it has halted domestic production of LCD televisions in the face of price falls. The decision by Japan's leading chip maker to stop producing LCD TVs domestically follows a similar decision by Hitachi Ltd as Japanese firms struggle to manage with a strong yen.
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Samsung not seen quaking in boots over Apple-Elpida report SEOUL (Reuters) - Apple Inc will struggle to cut its reliance on rival Samsung Electronics for component supplies, analysts and industry sources said on Thursday, despite speculation that it has begun reducing its use of Samsung memory chips.
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Activision and Electronic Arts settle lawsuit (Reuters) - Activision Blizzard Inc and arch rival video game company Electronic Arts Inc have settled a lawsuit in which Activision accused two former executives of breaking their employment agreements to develop games for EA.
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Viacom, Time Warner Cable reach iPad views settlement (Reuters) - Viacom Inc, the parent of MTV and Comedy Central, has settled lawsuits with Time Warner Cable Inc over whether cable subscribers may watch shows on mobile devices such as Apple Inc's iPad.
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Singapore techs face margin squeeze, outlook better (Reuters) - Cost pressures are piling up for Singapore's electronics sector, with some listed companies reporting lower profit margins, but analysts expect an improvement in the second half of the year as the holiday season boosts demand.
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Ad execs say jury still out on Facebook as medium NEW YORK/LONDON (Reuters) - General Motors Inc's decision to stop advertising on Facebook may be a wake-up call for the No. 1 social network, but Top advertising executives say it's far too early to know if the site will take off as an advertising platform.
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Sprint CEO sees more telecom M&A's possible NEW YORK (Reuters) - Sprint Nextel believes U.S. regulators are open to large telecom deals despite their opposition to an AT&T Inc deal last year, but Sprint itself will try to avoid doing a big deal until 2014, according to Chief Executive Dan Hesse.
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Several brokerages stop taking Facebook IPO orders NEW YORK (Reuters) - Investors who want Facebook Inc shares when the No. 1 online social network goes public later this week may have lost the opportunity. TD Ameritrade and Fidelity's brokerage arm both stopped accepting orders of Facebook shares as of Tuesday evening, according to representatives for each of the companies.
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A post-IPO Facebook strategy NEW YORK (Reuters) - Try as they might, many retail investors won't be able to get shares of Facebook in its first hours of trading.
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Verizon Wireless to scrap unlimited plans for 4G users NEW YORK (Reuters) - Verizon Wireless is planning to force customers to give up their unlimited data plans when they move to its high-speed wireless service, a top executive for parent company Verizon Communications Inc said on Wednesday.
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Italy Microsoft head in pole for CEO position at RCS: sources MILAN (Reuters) - Pietro Scott Jovane, CEO of the Italian unit of Microsoft, was in pole position to take over as chief executive of Italian media company RCS MediaGroup, two sources close to the matter said on Wednesday.
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Huawei: EU contract plans may signal more curbs BRUSSELS (Reuters) - China-based Huawei criticized on Wednesday proposals by the European Union to block non-EU companies from lucrative public contracts, saying such a move may pave the way for more restrictions on doing business in the bloc.
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Google revamps U.S. search SAN FRANCISCO (Reuters) - Google is revamping the way it handles searches in the United States to give users quick access to answers without leaving the page, the company said.
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Facebook IPO triggers retail investor craze SAN FRANCISCO (Reuters) - If "Facebook For Dummies" helped you find friends and post pictures on the world's No. 1 online social network, then consider "Facebook IPO Confidential" which purports to teach you "How To Get Rich With The IPO Of The Century."
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Google to meet French regulator on privacy policy PARIS (Reuters) - Google will meet with France's data protection watchdog next week to answer questions about its new user privacy policy as part of a Europe-wide investigation being led by the French regulator.
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Corrected: Senator seeks expanded visas for foreign high-tech workers WASHINGTON (Reuters) - A leading Republican in the U.S. Senate on Tuesday unveiled legislation to raise the number of permanent visas for skilled technical workers from foreign countries, but prospects of passage this year could be clouded by election-year politics.
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Apple readies iPhone with bigger screen: sources TOKYO (Reuters) - Apple Inc plans to use a larger screen on the next-generation iPhone and has begun to place orders for the new displays from suppliers in South Korea and Japan, people familiar with the situation said on Wednesday.
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Companies less wary of personal devices at work-Cisco (Reuters) - Corporate IT departments in the United States are becoming less wary of staff bringing their personal devices to work, a Cisco study showed, although security remains a top concern.
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Samsung loses $10 billion market value on Apple order report SEOUL (Reuters) - Shares in Samsung Electronics Co slumped more than 6 percent on Wednesday, wiping $10 billion off the electronics giant's market value, on a report that Apple placed huge chip orders with troubled Japanese chip rival Elpida.
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Mobile sales dip as China buyers hold off: Gartner HELSINKI (Reuters) - Global sales of mobile phones fell 2 percent in January-March after ten straight quarters of growth, as Chinese buyers held back in anticipation of new models and economic uncertainties weighed on developed markets, research firm Gartner said.
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China Mobile in talks with Apple for iPhone HONG KONG (Reuters) - China Mobile, the world's biggest telecom carrier by subscribers, said on Wednesday it is negotiating with Apple Inc to carry the popular iPhone in China.
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Analysis: Key to Universal-EMI decision: Has music business lost control? WASHINGTON (Reuters) - On the face of it, Universal Music Group's bid to buy a big chunk of EMI stands to make the world's leading music company an even more formidable force, combining Universal's star lineup of Lady Gaga and Rihanna with the British company's deep library of The Beatles, Pink Floyd and Katy Perry.
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Analysis: Key to Universal-EMI decision: Has music business lost control? WASHINGTON (Reuters) - On the face of it, Universal Music Group's bid to buy a big chunk of EMI stands to make the world's leading music company an even more formidable force, combining Universal's star lineup of Lady Gaga and Rihanna with the British company's deep library of The Beatles, Pink Floyd and Katy Perry.
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HTC shares tumble as patent case delays U.S. sales TAIPEI (Reuters) - U.S. sales of two new smartphones from Taiwan's HTC Corp will be delayed due to a patent dispute with Apple Inc, a fresh blow to the company as it tries to turn around declining sales in what was once its largest market.
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Sina results beat view, warns Weibo to eat into second quarter (Reuters) - Sina Corp sounded a bearish note for the coming quarters, warning that further losses may lie ahead because of increased investment into its microblogging platform Weibo, China's version of Twitter.
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Virgin Atlantic rolls out in-flight cellphone service (Reuters) - Some passengers on Virgin Atlantic flights can now call home from the air.
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Facebook boosts IPO size by 25 percent, could top $16 billion NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc increased the size of its initial public offering by almost 25 percent, and could raise as much as $16 billion as strong investor demand for a share of the No.1 social network trumps debate about its long-term potential to make money.
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CIBC hopes to steal clients with "mobile wallets" TORONTO (Reuters) - Canadian Imperial Bank of Commerce is hoping its deal with Rogers Communications to allow customers to pay for purchases with smartphones will help it steal clients from banking rivals who must now rush to match the offering.
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T-Mobile USA to cut another 900 jobs NEW YORK (Reuters) - T-Mobile USA, the fourth largest U.S. mobile provider, said it is cutting another 900 jobs.
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IBM helps oil companies manage gusher of data HOUSTON/NEW YORK (Reuters) - IBM thinks it can make geologists and engineers more effective at mining the fast-growing wealth of data on everything from oil reservoirs to refineries to help them find, extract and process oil.
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FCC seeks details on Verizon spectrum sale offer NEW YORK (Reuters) - The U.S. Federal Communications Commission asked Verizon Wireless for more details on its offer to sell some wireless spectrum on the condition that the company's purchase of another set of airwaves is approved by regulators.
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GM to drop Facebook ads due to low consumer impact DETROIT/SAN FRANCISCO (Reuters) - General Motors Co said on Tuesday it will stop advertising on Facebook, even as the social networking website prepares to go public, with a source familiar with the matter saying the automaker had decided Facebook's ads had little impact on consumers.
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Nvidia CEO pushes graphics chips toward cloud SAN JOSE, California (Reuters) - Nvidia Corp Chief Executive Jen-Hsun Huang wants his graphics chips to be adopted in data centers to help stream better graphics to smartphones and tablets, his company's newest bid to diversify beyond personal computers.
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Scared of Facebook shares? Wager on Friday's close (Reuters) - Worried that if you buy Facebook when it starts trading Friday you'll get trampled by big banks and hedge funds? Betting on where the stock closes that day may be a safer wager.
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Facebook options seen listed on May 29 (Reuters) - Traders will have their first crack at using options to hedge their bets or speculate on the direction of Facebook shares in two weeks, when U.S. options exchanges expect to list contracts on the hot new stock.
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Oracle patent claims versus Google sent to jury SAN FRANCISCO (Reuters) - A California jury began another round of deliberations on Tuesday in a high profile trial over allegations that Google's Android mobile platform violates Oracle's intellectual property rights.
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BMC Software draws another activist investor NEW YORK (Reuters) - Corvex Management LP, which was founded by one of activist investor Carl Icahn's longtime associates, has taken a stake in technology company BMC Software Inc , according to a federal filing.
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Facebook increases IPO range to raise $12.1 billion NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc increased the price range on its initial public offering an average of 14 percent to raise more than $12 billion, giving the world's No. 1 social network a valuation potentially exceeding $100 billion.
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IBM not interested in deals over $1.5 billion: CFO BOSTON (Reuters) - International Business Machines Corp has no interest in pursuing large acquisitions, preferring to focus on targets worth $200 million to $1.5 billion, a top executive said on Tuesday.
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HP loses $190 million tax case against IRS (Reuters) - Hewlett-Packard Co. on Monday lost a battle with the U.S. Internal Revenue Service for more than $190 million in tax refunds tied to a Dutch tax shelter designed by the derivatives arm of American International Group .
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AMD's CEO catches Intel's wave of sleek laptops SAN FRANCISCO (Reuters) - PC chipmaker AMD's chief executive is betting that its larger rival Intel has overestimated consumers' willingness to pay top dollar for a new category of premium laptops.
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Gameloft sees faster growth from second quarter on new launches PARIS (Reuters) - Mobile video game group Gameloft expects growth to speed up from the second quarter of 2012 as it launches a record number of smartphone games based on a money-making model which allows it to double a game's revenue over its lifespan.
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Nokia's new cheap models bet on games, web access HELSINKI (Reuters) - Nokia patched up its ailing basic phones offering on Tuesday with two models offering access to games, applications and the Internet, hoping to regain its footing in emerging markets.
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Google's Android gains share in smartphones-survey HELSINKI (Reuters) - Google's Android smartphone software stretched its market lead in early 2012, helped by new models from handset makers like Samsung and HTC and piling the pressure on rivals like Research In Motion and Nokia.
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Sony, Panasonic in talks to make OLED TVs: sources TOKYO (Reuters) - Sony Corp and Panasonic Corp are in talks to develop the technology to mass produce next-generation OLED televisions, sources close to the matter said on Tuesday, but may already be running to catch up with South Korean rivals in a technology widely seen replacing current LCD TVs.
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New Jersey man boasts magnetic attachment to iPod (Reuters) - Professional body piercer Dave Hurban is a man attached to his iPod. Literally.
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Adobe appoints three new board members (Reuters) - Adobe Systems Inc, maker of Photoshop and Acrobat software, has appointed three new members from technology and media companies to its board of directors.
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Postal Service offers discount for smartphone codes WASHINGTON (Reuters) - The Postal Service will offer a temporary postage discount for mailings that include smartphone barcodes as it seeks to stem volume losses by encouraging advertisers to send more mail.
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Yahoo investors applaud change, fear limbo (Reuters) - Yahoo Inc's choice of interim chief executive is a signal the company is returning to its roots selling brand advertising on its consumer websites, analysts say, even as a deal with an activist hedge fund raises new questions about its future.
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Falcone's LightSquared files for bankruptcy (Reuters) - Hedge fund manager Philip Falcone's dream of bringing another wireless network to the United States likely came to an end on Monday, when LightSquared Inc, the ailing telecommunications company he bankrolled, filed for bankruptcy protection.
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Amazon aims to launch front-lit Kindle in July: source (Reuters) - Amazon.com Inc will launch new versions of its Kindle e-reader and tablet, including a monochrome e-reader with front lighting, a source who has seen the prototype told Reuters.
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Sony, Panasonic plan OEL TV tie-up: Nikkei (Reuters) - Sony Corp and Panasonic Corp are in talks to jointly produce large OEL (organic electroluminescence) televisions, the Nikkei business daily said.
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Facebook increases IPO range to raise $12.1 billion NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc increased the price range on its initial public offering an average of 14 percent to raise more than $12 billion, giving the world's No. 1 social network a valuation potentially exceeding $100 billion.
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CSC hires Gannett's CFO as it plans turnaround (Reuters) - Computer Sciences Corp named a new chief financial officer, tapping Gannett Co CFO Paul Saleh to help turn around the company after a troubled contract with the UK National Health Service led to a massive charge.
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U.S. court revives Apple claim on Samsung tablets WASHINGTON (Reuters) - A U.S. appeals court ruled on Monday that Apple Inc could press its bid for an immediate injunction to block the sale of some tablet computers made by Samsung Electronics Co Ltd based on allegations of infringement of one patent.
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Nvidia picks up wireless patents in mobile push (Reuters) - Graphics chipmaker Nvidia Corp is buying about 500 wireless communications patents from privately held IPWireless, as it locks horns with Qualcomm Inc in the lucrative market for smartphone and tablet chips.
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Fewer women in top U.S. tech jobs since 2010: survey NEW YORK (Reuters) - The number of women in senior technology positions at U.S. companies is down for the second year in a row, according to a survey published on Monday.
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New wedding web app connects guests before the big day TORONTO (Reuters) - Planning a wedding? A new web app lets the bride and groom-to-be create a social website that connects guests with each other before the big day.
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Facebook IPO has halo effect for venture capitalists SAN FRANCISCO (Reuters) - For the handful of venture capitalists who backed Facebook in its early days, a huge financial payoff is not the only thing they may be celebrating when the company goes public later this week.
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Shares in TV maker Loewe jump on Apple bid talk FRANKFURT (Reuters) - Shares in German luxury TV maker Loewe jumped to a 10-month high on Monday on market talk of a potential offer from Apple.
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Yahoo CEO out, investor Loeb gets board seats SAN FRANCISCO (Reuters) - Yahoo Inc is replacing its CEO for the third time in as many years, and giving three board seats to a hedge fund led by Daniel Loeb, putting him in a strong position to influence strategy at the struggling Internet company.
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Yahoo CEO out, board settles with investor SAN FRANCISCO (Reuters) - Yahoo Inc Chief Executive Scott Thompson has stepped down after a controversy over a fake computer science college degree on his biography, the third CEO in three years to leave the Internet company struggling to define its future.
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Reuters: Technology News |
Huawei gearing up to take on Cisco on its home turf (Reuters) - Huawei's head of research and development in North America said his company is more than ready to take on larger rival Cisco Systems but noted it will take some patience -- and time.
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Reuters: Technology News |
Facebook's Zuckerberg says mobile first priority PALO ALTO, California (Reuters) - Facebook CEO Mark Zuckerberg, whose limited role in promoting the No. 1 social network's market debut has drawn criticism, laid out its growth strategy to investors on Friday, saying that transforming its mobile and advertising experience are top priorities in 2012.
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Reuters: Technology News |
Facebook co-founder Saverin renounces citizenship SAN FRANCISCO (Reuters) - Facebook Inc co-founder Eduardo Saverin has renounced his U.S. citizenship, according to an Internal Revenue Service report, days before the company's initial public offering.
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Reuters: Technology News |
Wireless carriers eye solutions to spectrum crunch NEW ORLEANS (Reuters) - Top U.S. mobile operators are turning to a new type of equipment known as small cells to boost network capacity in the face of a shortage of wireless spectrum.
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Reuters: Technology News |
Viddy gets $30 million funding, aims to stand out from competition SAN FRANCISCO (Reuters) - Viddy, the popular mobile video start-up, announced on Friday it has raised a hefty $30 million from institutional investors to bolster its expansion efforts in the face of stiff competition from Socialcam, a similar video-sharing service.
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Reuters: Technology News |
Nvidia revenue, outlook beat Street; shares jump (Reuters) - Nvidia Corp's quarterly revenue and outlook were ahead of low Wall Street estimates on better-than-expected sales of its latest graphics chips, sending its shares up 9 percent.
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