Monday, September 24, 2012

Barron's slams Facebook, stock falls

Barron's slams Facebook, stock falls


Barron's slams Facebook, stock falls

Posted: 24 Sep 2012 01:24 PM PDT

This combination of Associated Press file photos, show advertising for the financial magazine Barron's on display in New York on July 23, 2007, and the Facebook logo on an iPad in Philadelphia on May 16, 2012. Facebook Inc.'s stock took a hit Monday, Sept. 24, 2012, after an article in Barron's said it is "still too pricey" despite a sharp decline since its initial public offering. (AP Photo/File)Facebook Inc.'s stock took a hit Monday after an article in the financial magazine Barron's said it is "still too pricey" despite a sharp decline since its initial public offering.


New York Times closes on $300M sale of About Group

Posted: 24 Sep 2012 08:52 AM PDT

The New York Times has completed its $300 million sale of The About Group to Barry Diller's IAC/InterActiveCorp.

Apple says more than 5 million iPhone 5s sold

Posted: 24 Sep 2012 02:48 PM PDT

FILE-In this Friday, Sept. 21, 2012, file photo, a staff member of Apple Inc. shows the iPhone 5 to customers at the Apple store in Hong Kong. Apple Inc. said Monday Sept. 24 2012, that it has sold more than 5 million units of the new iPhone 5 in the three days since its launch, less than analysts had expected. (AP Photo/Kin Cheung, File)Apple Inc. said Monday that it sold more than 5 million iPhone 5s in the three days since its launch, fewer than analysts had expected.


Samsung’s Galaxy S III gets Android 4.1.1 Jelly Bean update in Europe

Posted: 24 Sep 2012 06:29 PM PDT

Samsung's Galaxy S III has begun updating to version 4.1.1 of Android, affectionately known as Jelly Bean, in Europe. This hopefully means that U.S. customers will see the Jelly Bean update sooner, rather than later. Users in Poland are the … Continue reading →

Don’t Panic: Your Facebook private messages are safe and sound

Posted: 24 Sep 2012 05:39 PM PDT

If you've seen the myriad of reports appearing on social networks and tech sites regarding old Facebook private messages suddenly appearing on users' Timelines, you can breathe a sigh of relief: Facebook has confirmed that no private messages have been … Continue reading →

AppAide Recommends Apps Based on How Often They're Actually Used

Posted: 24 Sep 2012 04:00 PM PDT

AppAide Recommends Apps Based on How Often They're Actually UsedName: AppAide


Apple says more than 5 million iPhone 5s sold

Posted: 24 Sep 2012 02:48 PM PDT

FILE-In this Friday, Sept. 21, 2012, file photo, a staff member of Apple Inc. shows the iPhone 5 to customers at the Apple store in Hong Kong. Apple Inc. said Monday Sept. 24 2012, that it has sold more than 5 million units of the new iPhone 5 in the three days since its launch, less than analysts had expected. (AP Photo/Kin Cheung, File)Apple Inc. said Monday that it sold more than 5 million iPhone 5s in the three days since its launch, fewer than analysts had expected.


UN: Agency didn't violate North Korea sanctions

Posted: 24 Sep 2012 09:59 AM PDT

The U.N. patent agency says it has been cleared of breaking sanctions against North Korea by sending computers to the regime in Pyongyang.

Apple supplier halts China factory after violence

Posted: 24 Sep 2012 09:53 AM PDT

FILE - In this May 26, 2010 file photo, staff members work on the production line at the Foxconn complex in the southern Chinese city of Shenzhen. The company that makes Apple's iPhones suspended production at a factory in China on Monday, Sept. 24, 2012, after a brawl by as many as 2,000 employees at a dormitory injured 40 people. The fight, the cause of which was under investigation, erupted Sunday night at a privately managed dormitory near a Foxconn Technology Group factory in the northern city of Taiyuan, the company and Chinese police said. (AP Photo/Kin Cheung, File)The company that makes Apple's iPhones suspended production at a factory in China on Monday after a brawl by as many as 2,000 employees at a dormitory injured 40 people.


Village Voice being sold; Backpage.com left behind

Posted: 24 Sep 2012 01:15 PM PDT

The Village Voice is being sold, along with all of its affiliated free arts weekly newspapers, but the deal excludes the online classified site Backpage.com, whose listings have drawn fire for promoting the illegal sex trade.

Waiting for the mobile core gaming revolution

Posted: 24 Sep 2012 02:54 PM PDT

Mobile gaming is a great thing. I am a big believer in the phone as a major gaming platform. And it is a major gaming platform. The NPD Group revealed this month that for the first time ever, there are more mobile gamers than core gamers right now, which means there are more people playing games on their phones than there are playing games on their Xbox 360s, PlayStation 3s and PCs combined.

Google starts selling Nexus 7 in Japan for $250

Posted: 24 Sep 2012 08:59 PM PDT

An attendee uses a Google Nexus 7 tablet during Google I/O 2012 Conference at Moscone Center in San FranciscoTOKYO (Reuters) - Google Inc said it began selling its Nexus 7 tablet in Japan on Tuesday, with a starting price of 19,800 yen ($250). Sales of the 7-inch tablet started on the Google Play website on Tuesday and will be available in physical stores from October 2, the world's No.1 search engine said. By taking a greater role in the tablet arena, Google hopes to ensure that its online services remain at the forefront for consumers, as tablets increasingly becoming gateways to the Web and Web-based content such as movies and music. ($1 = 77. ...


Tesla unveils faster electric car charging station

Posted: 24 Sep 2012 08:40 PM PDT

Tesla Motors Inc. is unveiling a solar-powered charging station that it says will make refueling electric vehicles on long trips about as fast as stopping for gas and a bathroom break in a conventional car.

11-year-old wins $20k for creating app that deters people from texting while driving

Posted: 24 Sep 2012 08:35 PM PDT

11-year-old wins $20k for creating app that deters people from texting while drivingA young software developer has created a new application designed to show people who text while driving that they're barking up the wrong tree. Geek.com reports that 11-year-old Victoria Walker, with an assist from grown-up software designer David Grau, has designed an app called "Rode Dog" that makes incessant barking sounds at people who are using their smartphones in their car, and it won't stop barking until they put their phones down. Geek.com says that the app recently won a $20,000 award from AT&T (T) as part of the carrier's "It Can Wait" contest that offers prizes for developers who created apps that discourage texting while driving. As far as functionality goes, the app lets users form groups with their friends to help police


In the Future, Even Your Bathroom Mirror Will Be a Computer

Posted: 24 Sep 2012 08:10 PM PDT

In the Future, Even Your Bathroom Mirror Will Be a ComputerIf you're bored with your little smart phone and less little tablet, you might consider investing in one of the latest impressive touchscreen devices: mirrors. The idea sounds either very silly or totally obvious depending on your opinion of the future of technology. And it's bound to lead to more Snow White jokes that you'd care to hear. Either way, the touchscreen computer mirror is real, it's here and it's actually pretty useful.


Sharp predicts net profit it needs to win bank bailout: Kyodo

Posted: 24 Sep 2012 07:50 PM PDT

TOKYO (Reuters) - Cash-strapped Sharp Corp is predicting a net income of 15 billion yen ($188 million) for the next business year, part of a plan to return to the profit it needs to win a bailout from its main banks, Kyodo news reported on Tuesday. Sharp has to repay as much as 360 billion yen of short-term commercial paper loans and needs a credible plan to secure financing from lenders led by Mizuho Financial Group and Mitsubishi UFJ Financial Group. ...

Olympus and former executives plead guilty in fraud trial

Posted: 24 Sep 2012 07:38 PM PDT

The Olympus logo on its camera is seen in this illustrative photograph taken in TokyoTOKYO (Reuters) - Three former executives of Japanese camera and endoscope maker Olympus Corp, and the company itself, pleaded guilty on Tuesday after being charged in connection with a $1.7 billion accounting cover-up in one of Japan's biggest corporate scandals. Prosecutors charged ex-chairman Tsuyoshi Kikukawa, former executive vice-president Hisashi Mori and former auditor Hideo Yamada with inflating the company's net worth in financial statements for the fiscal years ended March 2007 and 2008, in violation of the Financial Instruments and Exchange Law. ...


Sprint adds five new markets to its 4G LTE coverage

Posted: 24 Sep 2012 07:30 PM PDT

Sprint adds five new markets to its 4G LTE coverageSprint (S) on Monday announced the launch of its 4G LTE network in five additional markets. Customers located in Lawrence, Kansas; Topeka, Kansas; Wichita, Kansas; Waukegan-Lake County, Illinois and Barnstable-Hyannis/Mid-Cape, Massachusetts will have access to Sprint's new high-speed network, which is now available in 24 markets around the country. "We recently announced that Sprint 4G LTE will be available in more than 100 cities in the coming months," Bob Azzi, the company's senior vice president of networking, said. "Today's news moves us even further toward achieving that goal. We strive to deliver a top-notch network experience combined with winning devices and unlimited nationwide data plans – all of which are designed to support the ways our customers use their mobile


White House said to plan executive order on cybersecurity

Posted: 24 Sep 2012 07:16 PM PDT

Journalist checks the U.S. Senate's website in Washington, D.C.SAN FRANCISCO (Reuters) - The White House is preparing to direct federal agencies to develop voluntary cybersecurity guidelines for owners of power, water and other critical infrastructure facilities, according to people who said they had seen recent drafts of an executive order. ...


Sony set for $642 million investment in Olympus: sources

Posted: 24 Sep 2012 06:36 PM PDT

TOKYO (Reuters) - Sony Corp will likely approve a plan this week to invest 50 billion yen ($642 million) in cash-strapped Olympus Corp, becoming its biggest shareholder with around a 10 percent stake, three sources familiar with the deal told Reuters. Sony will set up a joint business with Olympus to develop new medical equipment, and next year will send an executive to join its board of directors, the sources said on condition they were not identified. Sony wants to nurture new businesses, including medical equipment, to increase revenue as it draws back from loss-making televisions. ...

Nintendo confirms Wii U is region-locked, won’t play imported games

Posted: 24 Sep 2012 06:35 PM PDT

Nintendo confirms Wii U is region-locked, won't play imported gamesBringing tears to the eyes of gamers everywhere, Nintendo (NTDOY) has confirmed to CVG that its upcoming Wii U console and its accompanying Wii U GamePad will be region-locked. To bring everybody up to code, Nintendo, along with Sony (SNE) and Microsoft (MSFT) have had a tradition of preventing video game consoles sold in one region from working with video game software from another region. Every home console Nintendo has released since the original Nintendo Entertainment System has been region-locked, as well as its 3DS handheld lineup. The exception to the rule was the DS, which has gone on to sell more than 152 million units worldwide as of July. The new Wii U console launches on November 18th starting at $299.99 for the Basic


Foxconn's Taiyuan plant reopened, says no impact on supply

Posted: 24 Sep 2012 06:26 PM PDT

Workers walk out of the entrance to a Foxconn factory in ChengduTAIPEI (Reuters) - Foxconn Technology Group's plant in Taiyuan in northern China has resumed production on Tuesday morning after a riot that involved 2,000 workers had forced the company to close the factory on Monday. Foxconn spokesman Louis Woo said he saw no impact on supply to clients after the one-day closure. "We have 79,000 people working in Taiyuan campus, and we always have spare inventory," Woo told Reuters by phone. Foxconn is the trading name of Hon Hai Precision Industry Co, and is the world's largest contract maker of electronic goods. ...


Boston.com launches 1st online radio with DJs

Posted: 24 Sep 2012 06:26 PM PDT

In this Aug. 24, 2012 photo, disc jockey Julie Kramer broadcasts during her program "Lunch at Your Desk" at Radio BDC at the Boston Globe in Boston. The station, previously known as WFNX, has a new life streaming online at boston.com. Experts say it could be a model for other stations that can no longer be found on a radio dial. (AP Photo/Elise Amendola)A beloved Boston-area independent alternative radio station is getting new life online several times over in partnership with traditional print media, and experts say it could be a model for other stations that can no longer be found on a radio dial.


Huawei sees smartphones leading growth in consumer devices

Posted: 24 Sep 2012 06:04 PM PDT

Huawei mobile phones are displayed in one of its offices in ShenzhenSHENZHEN, China (Reuters) - Huawei Technologies Co Ltd, the world's sixth-biggest maker of mobile phones, is looking to its smartphones to outpace global growth rates and drive a consumer gadgets business that will rival its flagship telecoms gear in revenue. The Shenzhen-based company founded 25 years ago by former People's Liberation Army soldier Ren Zhengfei is currently number-two globally in communication networks, a business that last year brought in close to three-quarters of total revenue. ...


Verizon’s iPhone 5 will remain factory unlocked forever

Posted: 24 Sep 2012 05:30 PM PDT

Verizon's iPhone 5 will remain factory unlocked foreverWhen it was discovered last Friday that Verizon's (VZ) iPhone 5 came unlocked, customers started questioning how long it would be before the carrier locked it back up. After all, Sprint (S) initially sold unlocked iPhone 4S handsets and then locked them back up last year. Verizon has confirmed to The Associated Press that it will not lock the iPhone 5 nano-SIM slot in any future update, however. This is great news for customers who want Verizon's coverage over CDMA and 4G LTE in the U.S., but also want the freedom to pop in another carrier's nano-SIM card when roaming internationally. As for why Verizon has decided to pass on this grand gesture to its customers, MacRumors reports that an FCC regulation prevents the carrier from locking any handsets


New tech could let you wake up your sleeping smartphone with your voice

Posted: 24 Sep 2012 04:45 PM PDT

New tech could let you wake up your sleeping smartphone with your voiceThe torturous days when smartphone users suffered through having to push buttons to wake up their smartphones may soon be over. MIT's Technology Review blog reports that speech recognition software company Nuance Communications (NUAN), which is best known for its Dragon NaturallySpeaking software, is developing technology that would let users wake their sleeping smartphones just by speaking to them. Specifically, Technology Review says that Nuance is working with "a number of" chip manufacturers to design a chipset that wakes smartphones up instantly upon hearing voice commands. The company's goal is to have some version of the technology available in "a year or two." Read


'Gangnam Style' Poised to Pass 'Call Me Maybe' for Viral YouTube Supremacy

Posted: 24 Sep 2012 04:42 PM PDT

You can't stop "Gangnam Style." You can't even hope to contain it. You can only watch -- mouth agape, senses assailed -- and marvel.

AppAide Recommends Apps Based on How Often They're Actually Used

Posted: 24 Sep 2012 04:00 PM PDT

AppAide Recommends Apps Based on How Often They're Actually UsedName: AppAide


With PlayStation 4 launch looming, Sony says it will support PS3 for at least three more years

Posted: 24 Sep 2012 04:00 PM PDT

With PlayStation 4 launch looming, Sony says it will support PS3 for at least three more yearsEven before the PlayStation 3 launched in 2006, Sony (SNE) decreed the console would have a 10-year lifespan. Six years later, the PS3 is already showing its age, as is its main competitor, Microsoft's (MSFT) Xbox 360. Both gamers and developers want new consoles to play with and develop for, and in a recent interview with GameSpot, Sony's VP of hardware marketing John Koller suggested that regardless of when the highly anticipated PlayStation 4 (code-named "Orbis") launches, Sony will support the PS3 for at least three more years. Speaking on how long the PS3 would stick around, Koller told GameSpot: "We're going to continue supporting the PS3 for the next few years. Absolutely. And we're going to continue supporting it not


Is Fish Oil Really Snake Oil?; Castrated Men Live Longer

Posted: 24 Sep 2012 04:00 PM PDT

Is Fish Oil Really Snake Oil?; Castrated Men Live LongerDiscovered: Korean eunuchs outlived endowed peers; uncertainty lingers about Omega-3 pills; sexism in science; sustained thought kills cooperation.


TiVo settles lawsuit against Verizon for $250.4M

Posted: 24 Sep 2012 03:41 PM PDT

This combination of Associated Press file photos shows a Verizon store on June 12, 2012, left, and the Tivo logo on display at a Best Buy store on March 6, 2007, both in Mountain View, Calif. Verizon will pay Tivo Inc. at least $250.4 million to license its digital video recording technology and settle a patent lawsuit on Monday, Sept. 24, 2012. It is the third settlement that Tivo has gotten in major patent cases. (AP Photo/File)Verizon will pay Tivo Inc. at least $250.4 million to license its digital video recording technology and settle a patent lawsuit.


A look at how some IPO stocks have fared

Posted: 24 Sep 2012 03:33 PM PDT

A Facebook worker waits for friends to arrive outside of Facebook headquarters in Menlo Park, Calif., Friday, Aug. 17, 2012. Facebook stock is trading at $19 and has lost half its market value since its May public offering. (AP Photo/Paul Sakuma)Facebook's public debut was the most anticipated tech IPO since Google went public in August 2004. But the stock has lost much of its value since it began trading in mid-May.


HP loses tax case over valuing U.S. research credit

Posted: 24 Sep 2012 03:28 PM PDT

File photograph of a woman walking past the Hewlett Packard logo at its French headquarters in Issy le MoulineauxWASHINGTON (Reuters) - Hewlett-Packard Co on Monday lost a legal bid to expand its benefits from the research tax credit after the U.S. Tax Court ruled the company could not exclude certain types of income when calculating the tax break. It was unclear from the court documents how much in taxes HP would now owe, but according to the ruling, the amounts under dispute involved tens of millions of dollars. HP had challenged an Internal Revenue Service ruling on the matter. The IRS had said the computer maker owed taxes in cases where it tried to claim the credit between 1999 and 2003. ...


Going public: Key developments in Facebook's IPO

Posted: 24 Sep 2012 03:21 PM PDT

A Facebook worker waits for friends to arrive outside of Facebook headquarters in Menlo Park, Calif., Friday, Aug. 17, 2012. Facebook stock is trading at $19 and has lost half its market value since its May public offering. (AP Photo/Paul Sakuma)Facebook Inc. has had a rocky initial public offering of stock. There were trading glitches on its first day of trading and concerns since then about Facebook's revenue potential. Facebook also is facing dozens of lawsuits from disgruntled shareholders. In recent weeks, some early investors became eligible to sell additional shares.


Samsung may be developing its own mobile browser to compete with Apple and Google

Posted: 24 Sep 2012 03:15 PM PDT

Samsung may be developing its own mobile browser to compete with Apple and GoogleAccording to a report from the Electronic Times in Korea, Samsung (005930) has begun development on its own WebKit browser for mobile devices. The South Korean manufacturer was previously seeking WebKit developers to work in its research and development facility located in Silicon Valley. A Samsung mobile browser will allow the company to further compete with Apple (AAPL) and continue to differentiate its Android devices from the competition. The browser would also directly compete with Google (GOOG), however, whose mobile Chrome browser is available on both Android and iOS. WebKit is an open-source browser engine that powers some of the world's most popular Web browsers. [Via CNET] Read


Weekly changes in Facebook stock prices

Posted: 24 Sep 2012 03:09 PM PDT

German tourists who use Facebook, take pictures outside of Facebook headquarters in Menlo Park, Calif., Friday, Aug. 17, 2012. Facebook stock is trading at $19 and has lost half its market value since its May public offering. (AP Photo/Paul Sakuma)On its first day of trading, Facebook Inc.'s stock closed barely above its public offering price. It gained 23 cents, or 0.6 percent, to close at $38.23. Since then, the stock price fell for 10 weeks and increased for eight.


Prices of Facebook stock since long-awaited IPO

Posted: 24 Sep 2012 03:03 PM PDT

A Facebook worker waits for friends to arrive outside of Facebook headquarters in Menlo Park, Calif., Friday, Aug. 17, 2012. Facebook stock is trading at $19 and has lost half its market value since its May public offering. (AP Photo/Paul Sakuma)Facebook's stock has been down on 49 trading days, up on 38 and unchanged on two since its initial public offering.


7 iPhone Cases That Charge On-The-Go

Posted: 24 Sep 2012 02:59 PM PDT

7 iPhone Cases That Charge On-The-Go1. Energizer Energi


Apple says more than 5 million iPhone 5s sold

Posted: 24 Sep 2012 02:48 PM PDT

FILE-In this Friday, Sept. 21, 2012, file photo, a staff member of Apple Inc. shows the iPhone 5 to customers at the Apple store in Hong Kong. Apple Inc. said Monday Sept. 24 2012, that it has sold more than 5 million units of the new iPhone 5 in the three days since its launch, less than analysts had expected. (AP Photo/Kin Cheung, File)Apple Inc. said Monday that it sold more than 5 million iPhone 5s in the three days since its launch, fewer than analysts had expected.


How makers of phones and tablets are faring

Posted: 24 Sep 2012 02:41 PM PDT

In this Thursday, July 19, 2012, photo an Apple customer Shayan Hooshmand, 11, uses PhotoBooth on a 21.5-inch iMac at an Apple store in Palo Alto, Calif. Apple Inc. reports quarterly financial results after the market closes on Tuesday, July 24. (AP Photo/Paul Sakuma)Many companies including Nokia and Research in Motion have been struggling to compete with Apple and manufacturers of devices running Google's Android software. That shows in some of the earnings reports released so far for the latest quarter.


No comments:

Post a Comment