How Apple's phantom taxes hide billions in profit

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• How Apple's phantom taxes hide billions in profit
• RIM investor Watsa doubles stake
• Big tech stocks rally after early earnings reports
• NASA telescope snaps most detailed photos of the Sun ever taken
• Researchers build artificial jellyfish using rat cells
• Pigeons to Present: The Evolution of Olympic Communication [INFOGRAPHIC]
• Big tech stocks rally after early earnings reports
• Ex-Yahoo CEO becomes head of ShopRunner
• Cisco to lay off 1,300 employees in latest cutback
• Software maker VMware buys Nicira for $1.26B
• Mix things up with these Android cocktail apps
• Wipro forecasts muted IT services sales after in-line Q1
• Analyst: LTE tablets are a waste of money
• Toshiba to cut memory chip production by 30 percent
• Gooseberry takes on Raspberry Pi with $62 Android-based PC
• Kim Dotcom ups the heat on Obama with launch of Kim.com website [video]
• Samsung and LG crush rivals in dwindling LCD TV market
• Toshiba cuts flash memory output at Yokkaichi by 30 percent
• Exclusive: Apple, Samsung chiefs disagree on patent values: source
• The iRobot Doc Will See You Now: Roomba Maker Enters the ER
• A desperate Nokia offers carriers a cut of revenue to sell Lumia phones
• Pigeons to Present: The Evolution of Olympic Communication [INFOGRAPHIC]
• Cisco to lay off 1,300 employees in latest cutback
• Colo. shooting suspect used Internet for arsenal
• TI sees thirs-quarter revenue hurt by weak orders
• The Wrong Lesson for Bosses to Learn from Steve Jobs
• Mitt Romney Sees Sudden Unexplained Spike in Twitter Followers
• Meet the Food Discovery Site for Foodies 'Frustrated With Yelp'
• Australian judge is just as sick of Apple and Samsung’s patent war as we are
• 5 Apps to Replace Your Music Studio
• How chips, PCs, services companies are faring
• News Summary: maker VMware buys Nicira for $1.26B
• Texas Instruments 2Q profit tumbles, outlook weak
• iPods Profound Impact on the Lives of People With Memory Loss
• Google Internet business defies econ worries, ad clicks surge
• HTC lowers the volume on Beats, sells back half its stake
• A look at how some IPO stocks have fared
• Software maker VMware buys Nicira for $1.26B
• Patent company NTP settles with Apple, Google etc.
• 'Slumdog' champion Rice promoted at News Corp

How Apple's phantom taxes hide billions in profit Posted: 23 Jul 2012 11:38 AM PDT On Tuesday, Apple is set to report financial results for the second quarter. Analysts are expecting net income of $9.8 billion. But whatever figure Apple reports won't reflect its true profit, because the company hides some of it with an unusual tax maneuver.

RIM investor Watsa doubles stake Posted: 23 Jul 2012 09:44 AM PDT Prem Watsa, one of Canada's best-known value investors, has nearly doubled his stake in BlackBerry maker Research In Motion Ltd. to 9.9 percent, according to a regulatory filing Monday.

Big tech stocks rally after early earnings reports Posted: 23 Jul 2012 08:34 AM PDT That wasn't so bad, after all.

NASA telescope snaps most detailed photos of the Sun ever taken Posted: 23 Jul 2012 06:47 PM PDT We've always been warned never to look directly at the sun, but on July 11 a team of scientists from NASA did exactly that. They were using a specialized telescope called the High Resolution Coronal Imager (Hi-C for short) and … Continue reading →

Researchers build artificial jellyfish using rat cells Posted: 23 Jul 2012 06:42 PM PDT When they're not creating virtual germs inside of a computer, scientists are busy building man-made jellyfish. A team of scientists at Harvard University has managed to do the latter using heart cells taken from a rat and a sheet of … Continue reading →

Pigeons to Present: The Evolution of Olympic Communication [INFOGRAPHIC] Posted: 23 Jul 2012 04:36 PM PDT We recently took a look at how the exponential growth of social media since the last Summer Olympics in 2008 will reshape this year's Games in profound ways. But tracing the evolution of Olympic communication back more than 2,000 years proves just as fascinating.

Big tech stocks rally after early earnings reports Posted: 23 Jul 2012 08:34 AM PDT That wasn't so bad, after all.

Ex-Yahoo CEO becomes head of ShopRunner Posted: 23 Jul 2012 11:20 AM PDT Recently ousted Yahoo CEO Scott Thompson has landed a new job leading ShopRunner, an online service that provides two-day shipping from a variety of Internet retailers.

Cisco to lay off 1,300 employees in latest cutback Posted: 23 Jul 2012 04:29 PM PDT Cisco Systems is preparing to lay off about 1,300 workers just a few months after the world's largest maker of computer networking equipment warned that growing economic uncertainty is making it tougher to close sales with its customers.

Software maker VMware buys Nicira for $1.26B Posted: 23 Jul 2012 02:37 PM PDT Business software maker VMware is buying computer networking specialist Nicira for nearly $1.3 billion.

Mix things up with these Android cocktail apps Posted: 23 Jul 2012 03:00 PM PDT So we've covered winemaking and homebrewing over the past few weeks, but if you love to simply mix up the liquor and other ingredients you have at home to create crazy cocktail concoctions, here are some helpful Android apps you can add to the mix.

Wipro forecasts muted IT services sales after in-line Q1 Posted: 23 Jul 2012 09:24 PM PDT BANGALORE (Reuters) - Wipro Ltd , India's No. 3 software services exporter, forecast subdued IT services sales for the current quarter after posting an 18 percent rise in quarterly profit that met market expectations on growth in outsourcing work. The IT services unit, including back-office operations outsourcing, accounts for more than 75 percent of sales at the company that also makes soaps, light bulbs and hydraulics equipment. Wipro's IT Services Chief Executive T.K. ...

Analyst: LTE tablets are a waste of money Posted: 23 Jul 2012 08:45 PM PDT A combination of data caps and higher retail prices will significantly hurt demand for tablets equipped with 4G LTE connectivity over the next few years, according to the latest report from research firm CCS Insight. As reported by FierceWireless, the firm found that the share of tablets shipped with cellular-based connectivity will slip to just 37% by 2016, down from 48% in 2011. The reason for this is clear: People want to be able to consume large amounts of data on their tablets without incurring pesky overage fees and thus prefer Wi-Fi for their tablet connections. "Most users do not regard cellular connectivity in tablets as a must-have, especially given the current price of tablets and mobile data subscriptions," writes

Toshiba to cut memory chip production by 30 percent Posted: 23 Jul 2012 08:35 PM PDT TOKYO (Reuters) - Japan's Toshiba Corp, the standout performer among the country's battered chipmakers, plans to cut production of flash memory chips by 30 percent after being caught by oversupply and tumbling prices. Toshiba's NAND flash memory has been a rare bright spot among Japan's fading chip industry, which has struggled to upgrade old plants and make the big investments needed to compete with aggressive overseas rivals. ...

Gooseberry takes on Raspberry Pi with $62 Android-based PC Posted: 23 Jul 2012 07:30 PM PDT The Raspberry Pi had better watch its back because there's a new kid on the block that's aiming to steal its thunder in the market for low-cost computers. Tom's Hardware reports that Gooseberry's new Gooseberry Board computer will sell for $62 and will have significantly better specs than the Raspberry Pi, including "a 1 GHz overclockable A10 processor, a 400 MHz Mali processor, 4 GB of on-board storage as well as Android 4.03 ICS" in addition to 512MB of RAM. Don't expect to see the Gooseberry Board on Best Buy (BBY) shelves anytime soon, though, as Gooseberry is initially limiting its production of the Android-based computer to 500 units. Read

Kim Dotcom ups the heat on Obama with launch of Kim.com website [video] Posted: 23 Jul 2012 06:35 PM PDT Kim Dotcom is again sounding off against the White House, and this time he's using more than his questionable singing voice. Dotcom, the mercurial Megaupload founder who released a song last week where he both criticized the Obama administration for its ties to Hollywood and compared himself to Martin Luther King, Jr., is escalating his attacks  on the White House with the launch of the Kim.com website.The new website features the music video to the aforementioned song, "Mr. President," as well as a fact sheet informing readers about details of the government's case against Megaupload, a video interview with Dotcom and a sign-up sheet for users who want to receive notices on campaign actions. The site also features a picture

Samsung and LG crush rivals in dwindling LCD TV market Posted: 23 Jul 2012 05:40 PM PDT Samsung (005930) may be getting most of its attention for smartphones these days, but the South Korean manufacturer is doing pretty well in the LCD TV market, too. According to the latest data from iSuppli, Samsung shipped 8.2 million LCD TVs in the first quarter of 2012, good for 19% of all LCD TV shipments and up from the 18% market share it held in the first quarter last year. Fellow South Korean company LG (066570) shipped the second-most LCD TVs on the quarter as its 5.8 million LCD TVs shipped accounted for 13% of all shipments worldwide in Q1 2012. iSuppli also reports that Samsung and LG were the only two companies to turn a profit from their LCD TV

Toshiba cuts flash memory output at Yokkaichi by 30 percent Posted: 23 Jul 2012 05:28 PM PDT TOKYO (Reuters) - Toshiba Corp, the world's No.2 maker of NAND flash memory chips, said on Tuesday it is cutting production of NAND chips at its key Yokkaichi plant in western Japan by 30 percent to adjust excess inventory for use in USB drives and SD cards. Toshiba, which trails Samsung Electronics in NAND, said it expects the NAND market to recover in July-September on solid demand for laptops and smartphones using flash memory. (Reporting by Mayumi Negishi; Editing by Chang-Ran Kim)

Exclusive: Apple, Samsung chiefs disagree on patent values: source Posted: 23 Jul 2012 05:03 PM PDT SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook and top Samsung Electronic Co Ltd executives disagreed last week on the value of each other's patents at a settlement conference ahead of a high profile U.S. trial, according to a source familiar with the matter. Apple and Samsung, the world's largest consumer electronics corporations, are waging legal war in several countries, accusing each other of patent violations as they vie for supremacy in the fast-growing market for mobile devices. The trial is scheduled to begin July 30 in a San Jose, Calif. federal court. ...

The iRobot Doc Will See You Now: Roomba Maker Enters the ER Posted: 23 Jul 2012 05:02 PM PDT Some of us complain their doctors are too stiff, lack warmth and are too robotic. But calling such doctors "robots" may be a disservice to RP-Vita -- the latest telepresence, healthcare bot from InTouch Health and iRobot.

A desperate Nokia offers carriers a cut of revenue to sell Lumia phones Posted: 23 Jul 2012 04:45 PM PDT Nokia (NOK) lost $1 billion last quarter, marking the third consecutive quarter that Nokia lost at least $1 billion — the company lost $1.7 billion in the first quarter of 2012 and it dropped $1.2 billion in the fourth quarter last year. The news wasn't all bad, as it turns out, but one thing is certain: Nokia's efforts with Microsoft's (MSFT) Windows Phone platform are slow-going despite a big marketing push and a number of sleek smartphones, including the Nokia Lumia 900. According to a report on Monday from the Financial Times, however, Nokia may be exploring a number of new avenues in an effort to get more carrier support for its smartphones. Possibilities reportedly include carrier exclusives and revenue sharing, though it is

Pigeons to Present: The Evolution of Olympic Communication [INFOGRAPHIC] Posted: 23 Jul 2012 04:36 PM PDT We recently took a look at how the exponential growth of social media since the last Summer Olympics in 2008 will reshape this year's Games in profound ways. But tracing the evolution of Olympic communication back more than 2,000 years proves just as fascinating.

Cisco to lay off 1,300 employees in latest cutback Posted: 23 Jul 2012 04:29 PM PDT Cisco Systems is preparing to lay off about 1,300 workers just a few months after the world's largest maker of computer networking equipment warned that growing economic uncertainty is making it tougher to close sales with its customers.

Colo. shooting suspect used Internet for arsenal Posted: 23 Jul 2012 04:28 PM PDT In a world where Amazon can track your next book purchase and you must show ID to buy some allergy medicine, James Holmes spent months stockpiling thousands of bullets and head-to-toe ballistic gear without raising any red flags with authorities.

TI sees thirs-quarter revenue hurt by weak orders Posted: 23 Jul 2012 04:25 PM PDT NEW YORK (Reuters) - Texas Instruments Inc's second-quarter profit beat Wall Street expectations but the company warned that its third-quarter revenue would be weaker than usual for this time of year as customers are cautious due to global economic uncertainties. Shares of TI, which makes chips for a wide range of products such as cellphones and industrial equipment, fell 1 percent in extended trade after it said Monday that orders weakened in June and that its backlog for shipments due in September is also lighter than expected. ...

The Wrong Lesson for Bosses to Learn from Steve Jobs Posted: 23 Jul 2012 04:21 PM PDT One reading of Walter Isaacson's Steve Jobs biography suggests the key to success is being a jerk, a piece of advice that some bosses have taken too literally. But science is on the side of nice bosses. It has found mean bosses lead to lower worker satisfaction, which in turn leads to worse financial performance. For this month's Wired cover story Ben Austen writes of the acolytes following Jobs too literally: "Businesspeople who have taken the life of Steve Jobs as license to become more aggressive as visionaries, as competitors, and above all as bosses. ...

Mitt Romney Sees Sudden Unexplained Spike in Twitter Followers Posted: 23 Jul 2012 04:15 PM PDT Republican presidential candidate Mitt Romney's Twitter account saw two sudden and massive spikes in new followers over the weekend.

Meet the Food Discovery Site for Foodies 'Frustrated With Yelp' Posted: 23 Jul 2012 03:59 PM PDT Name: Taste Savant

Australian judge is just as sick of Apple and Samsung’s patent war as we are Posted: 23 Jul 2012 03:50 PM PDT Apparently we're not alone in having grown tired of the ongoing smartphone patent wars. An American judge recently gave Apple and Samsung an earful and now, according to All Things D, Australian Federal Court Justice Annabelle Bennett is at the end of her rope with both Apple (AAPL) and Samsung (005930) after she called the dispute between the companies "ridiculous" on Monday and threatened to force the two companies into a room together to work things out on their own. What apparently set Bennett off on Monday was dueling claims by both Apple and Samsung accusing one another of refusing to enter into licensing agreements. "Why on earth are these proceedings going ahead?" she said. "It's just ridiculous… Why shouldn't I order the parties

5 Apps to Replace Your Music Studio Posted: 23 Jul 2012 03:33 PM PDT 1. NanoStudio

How chips, PCs, services companies are faring Posted: 23 Jul 2012 03:31 PM PDT On Monday, Texas Instruments was the latest tech company blaming economic conditions in reporting its results or outlook. Here's a look at how selected companies providing computers, components, services and related software are faring:

News Summary: maker VMware buys Nicira for $1.26B Posted: 23 Jul 2012 03:20 PM PDT THE DEAL: Business software maker VMware is buying computer networking specialist Nicira for nearly $1.3 billion.

Texas Instruments 2Q profit tumbles, outlook weak Posted: 23 Jul 2012 03:18 PM PDT Sluggish demand amid the weak global economy slashed Texas Instruments Inc.'s profit by one-third in the second quarter, and the chip maker warned that its customers are becoming "increasingly cautious" about placing new orders.

iPods Profound Impact on the Lives of People With Memory Loss Posted: 23 Jul 2012 03:11 PM PDT Ask anyone, and they'll tell you the iPod has changed the music industry. What they may not tell you is the more obscure, yet similarly profound, impact it's having on the lives of the elderly suffering from dementia.

Google Internet business defies econ worries, ad clicks surge Posted: 23 Jul 2012 03:02 PM PDT SAN FRANCISCO (Reuters) - Google Inc's core Internet business increased revenue by 21 percent in the second quarter, easing Wall Street worries that a slumping global economy would take a toll on the company's online advertising. Shares of the world's No.1 search engine were up about 3 percent in after hours trade. Google, which reported its first set of quarterly results since its May acquisition of Motorola Mobility for $12. ...

HTC lowers the volume on Beats, sells back half its stake Posted: 23 Jul 2012 02:55 PM PDT In a recent feature, BGR questioned just how much HTC really gained from its $300 million investment in Beats Electronics. Apparently HTC (2498) has been asking itself that very same question, as the company on Saturday announced that it has sold half of its stake back to Beats about a year after its initial investment. HTC will continue to hold approximately 25% of Beats and it retains exclusive commercial rights to use Beats Audio technology in mobile devices. Luckily for owners of other devices, there's a $70 accessory that will bring the same great sound to just about any phone. Read

A look at how some IPO stocks have fared Posted: 23 Jul 2012 02:39 PM PDT 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.

Software maker VMware buys Nicira for $1.26B Posted: 23 Jul 2012 02:37 PM PDT Business software maker VMware is buying computer networking specialist Nicira for nearly $1.3 billion.

Patent company NTP settles with Apple, Google etc. Posted: 23 Jul 2012 02:36 PM PDT NTP said Monday that it has settled patent suits over email delivery with 13 major technology companies, including Apple, Microsoft, Google and all four national wireless carriers.

'Slumdog' champion Rice promoted at News Corp Posted: 23 Jul 2012 02:31 PM PDT News Corp. on Monday gave another promotion to the executive behind the underdog hit "Slumdog Millionaire."

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