Today: TECHNOLOGY News, Aug 11, 2011

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Aug 11, 2011

TECHNOLOGY News, Aug 11, 2011

Intel expects Ultrabook PCs priced below $999 in Q4
Wed,10 Aug 2011 10:32 PM PDT
Reuters -
photoTAIPEI/BANGALORE (Reuters) - Top chipmaker Intel Corp said computer makers Lenovo, Asustek and Acer will launch its new category of notebook computer in the third to fourth quarter, and expects to see their prices below $999 in the fourth quarter.

Sony, LG Electronics settle bitter patent dispute
Wed,10 Aug 2011 07:04 PM PDT
Reuters - SEOUL/TOKYO (Reuters) - LG Electronics and Sony said on Thursday that they have resolved patent disputes between the two firms spanning smartphones, TVs and Blu-ray technology, with LG adding that they have signed a cross-licensing deal. Full Story

Groupon IPO dented by market, new numbers
Wed,10 Aug 2011 02:43 PM PDT
Reuters -
photoSAN FRANCISCO (Reuters) - Groupon Inc's plans for an initial public offering have been dented by the stock market slump and new financial disclosures that suggest the daily deal company's business is slowing in North America, analysts said on Wednesday.

FCC lays out plan for texting 9-1-1 messages
Wed,10 Aug 2011 02:06 PM PDT
Reuters - WASHINGTON (Reuters) - Consumers will be able to text and send multimedia messages to 9-1-1 emergency call centers under a new plan from the top communications regulator. Full Story

Cisco's Q4 beats Street view, focus on outlook
Wed,10 Aug 2011 01:59 PM PDT
Reuters -
photoSAN FRANCISCO (Reuters) - Cisco Systems Inc's quarterly results edged past Wall Street's scaled-back expectations as IT spending held up despite fears of a severe pullback, buoying its shares in extended trading.

Open Text profit rises, but misses Street view
Wed,10 Aug 2011 01:51 PM PDT
Reuters - TORONTO (Reuters) - Open Text, a Canadian business software company, posted a 12 percent rise in quarterly adjusted profit on Wednesday and said recent acquisitions would help its global growth. Full Story

Verizon sees FiOS less profitable than copper
Wed,10 Aug 2011 01:33 PM PDT
Reuters - NEW YORK (Reuters) - Verizon Communications' new high-speed fiber optic network will never make as much money as its old copper network, an executive said on Wednesday. Full Story

Sprint sees slower business buying decisions
Wed,10 Aug 2011 12:57 PM PDT
Reuters - NEW YORK (Reuters) - The technology chiefs at corporate customers are slowing down decisions about spending due to economic uncertainty, according to a top executive of Sprint Nextel. Full Story

German hackers crack mobile phone GPRS code: report
Wed,10 Aug 2011 11:52 AM PDT
Reuters - BERLIN (Reuters) - A Berlin security firm has cracked the encryption code for some mobile phones using the Internet, German newspaper Handelsblatt reported on Wednesday, citing the company's chief. Full Story

IntraLinks Q2 rev beats, sees Q3 profit below estimates
Wed,10 Aug 2011 08:42 AM PDT
Reuters -
photo(Reuters) - Web-based software provider IntraLinks Holdings Inc's second-quarter revenue topped market expectations as sales at its mergers and acquisitions unit jumped 29 percent, but it forecast a third-quarter profit below estimates.

photoBEIJING (Reuters) - China plans to suspend new railway project approvals and launch safety checks on existing equipment to address growing public concern following a deadly crash between two high-speed trains last month, Premier Wen Jiabao was quoted as saying by state media Wednesday.

Avnet sees weak Q1 as new orders slow
Wed,10 Aug 2011 05:44 AM PDT
Reuters -
photo(Reuters) - Technology distributor Avnet Inc reported fourth-quarter revenue below market estimates as concerns over slowing economic growth led customers to be cautious with new orders, and projected a weak first quarter.

Checkpoint Systems under pressure to seek strategic review
Wed,10 Aug 2011 05:10 AM PDT
Reuters - (Reuters) - Checkpoint Systems Inc, maker of merchandise protection products for retailers, is expected to receive a letter from activist investor MMI Investments LP on Wednesday, requesting the company seek a strategic review, according to the contents of the letter obtained by Reuters. Full Story

Toshiba: chip business could fall short of forecast
Wed,10 Aug 2011 02:38 AM PDT
Reuters - TOKYO (Reuters) - Toshiba Corp, the world's No.2 maker of flash memory, on Wednesday warned that profits in its chip business could fall short of expectations, citing weak PC sales, faltering U.S. and European economies and a higher yen. Full Story

Apple blocks Samsung from selling Galaxy tablet in EU
Wed,10 Aug 2011 02:25 AM PDT
Reuters -
photoSEOUL/SAN FRANCISCO (Reuters) - Apple Inc scored its most significant victory in its intellectual property battle against Samsung Electronics after a German court temporarily barred the Korean firm from selling its flagship Galaxy tablet in most of the European Union.

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