Monday, July 2, 2012

Microsoft takes $6.2B hit to account for ad woes

Microsoft takes $6.2B hit to account for ad woes


Microsoft takes $6.2B hit to account for ad woes

Posted: 02 Jul 2012 05:02 PM PDT

FILE - In this Jan. 22, 2009 file photo, a man walks on the Microsoft headquarters campus in Redmond, Wash. Microsoft Corp. said on Monday, July 2, 2012, that it will take $6.2 billion charge for the declining value of online ad division. (AP Photo/Elaine Thompson, file)Microsoft is absorbing a $6.2 billion charge to reflect that one of the biggest deals in its 37-year history turned out to be a dud.


Google makes bid to dodge European antitrust fine

Posted: 02 Jul 2012 01:39 PM PDT

Google chairman Eric Schmidt has submitted a proposal to European regulators in Brussels aimed at avoiding a showdown on the some of the Internet search leader's business practices.

Beats headphone maker buys MOG music service

Posted: 02 Jul 2012 06:50 PM PDT

Upscale headphone maker Beats Electronics is buying music subscription service MOG in an attempt to improve what goes into playback devices as much as what comes out of them.

Meteorologist goes viral with phony apocalyptic forecast

Posted: 02 Jul 2012 06:15 PM PDT

This summer's heat waves could be exponentially worse. What if we were dealing with volcanoes and tidal waves at the same time? Or if Godzilla was our only chance of survival against a superstorm? In response to the Fake NBC12 … Continue reading →

Current Windows users will be able to upgrade to Windows 8 for just $39.99

Posted: 02 Jul 2012 06:07 PM PDT

Microsoft has confirmed that its previously announced Windows 8 upgrade will cost just $39.99. That means people already running Windows XP, Windows Vista, or Windows 7 on their computers will pay a mere forty bucks for the latest version. It's … Continue reading →

Will Visual Portfolios Replace Traditional Online Resumes?

Posted: 02 Jul 2012 04:00 PM PDT

Will Visual Portfolios Replace Traditional Online Resumes?The highlights a unique feature of startups and is made possible by . If you would like to have your startup considered for inclusion, please see the details .


Beats headphone maker buys MOG music service

Posted: 02 Jul 2012 06:50 PM PDT

Upscale headphone maker Beats Electronics is buying music subscription service MOG in an attempt to improve what goes into playback devices as much as what comes out of them.

Dell wins bidding to buy Quest Software for $2.4B

Posted: 02 Jul 2012 02:16 PM PDT

In this Aug. 15, 2011 photo, the logo on a Dell computer is displayed, in Philadelphia. Dell announced Monday, July 3, 2012, that it is buying Quest Software for about $2.36 billion, ending recent speculation about who the unnamed bidder was in a battle for the company with investment firm Insight Venture Partners. (AP Photo/Matt Rourke)Dell is buying Quest Software for $2.4 billion to expand its offerings as its personal computer business weakens in an era of smartphones and sleeker devices like the iPad.


Twitter told to give up Occupy protester's tweets

Posted: 02 Jul 2012 01:19 PM PDT

FILE - In this Oct. 1, 2011 file photo, police arrest protesters on New York's Brooklyn Bridge during march by Occupy Wall Street. A judge said in a ruling released Monday, July 2, 2012 that Twitter must give a court almost three months' worth of an Occupy Wall Street protester's tweets after prosecutors demand the messages to make a case for arrests. (AP Photo/Stephanie Keith, File)Twitter must give a court about three months' worth of an Occupy Wall Street protester's tweets, a judge said in a ruling released Monday after the company fought prosecutors' demand for the messages.


Android apps for a happy and fun Fourth of July

Posted: 02 Jul 2012 06:30 PM PDT

This Independence Day, grab your Android smartphone or tablet and celebrate America. Whether you're into history, just watching out for fireworks or holding a party with friends, here are some helpful Android apps to ensure you have a fun and friendly Fourth of July.

Judge rejects Samsung's request to lift ban on U.S. tablet sales

Posted: 02 Jul 2012 09:09 PM PDT

A visitor looks around behind Samsung Electronics' Galaxy Tab 10.1 tablet displayed for customers at a registration desk at KT's headquarters in SeoulBy Erin Geiger Smith SAN JOSE, California (Reuters) - A U.S. judge on Monday rejected a request by South Korea's Samsung Electronics Co. to lift a ban on U.S. sales of its Galaxy Tab 10.1, a tablet computer that competes with Apple Inc.'s iPad. Last week, U.S. District Judge Lucy Koh in San Jose, California, granted Apple's request to halt sales of the tablet, which runs on Google Inc's Android, giving the iPhone maker a significant win in the tablet patent wars. Samsung had asked the court to stay the injunction pending resolution of an appeal. ...


Microsoft takes $6.2 billion charge, slows Internet hopes

Posted: 02 Jul 2012 07:22 PM PDT

A photo illustration shows the websites of search engines Baidu and Bing on computer screens in ShanghaiSEATTLE (Reuters) - Microsoft Corp admitted its largest acquisition in the Internet sector was effectively worthless and wiped out any profit for the last quarter, as it announced a $6.2 billion charge to write down the value of an online advertising agency it bought five years ago. The announcement came as a surprise, but did not shock investors, who had largely forgotten Microsoft's purchase of aQuantive in 2007, which was initially expected to boost Microsoft's online advertising revenue and counter rival Google Inc's purchase of digital ad firm DoubleClick. ...


Beats headphone maker buys MOG music service

Posted: 02 Jul 2012 06:50 PM PDT

Upscale headphone maker Beats Electronics is buying music subscription service MOG in an attempt to improve what goes into playback devices as much as what comes out of them.

Android apps for a happy and fun Fourth of July

Posted: 02 Jul 2012 06:30 PM PDT

This Independence Day, grab your Android smartphone or tablet and celebrate America. Whether you're into history, just watching out for fireworks or holding a party with friends, here are some helpful Android apps to ensure you have a fun and friendly Fourth of July.

Windows 7 market share surpasses 50%

Posted: 02 Jul 2012 05:10 PM PDT

Windows 7 market share surpasses 50%Windows 7 for the first time ever has captured more than half of the global operating system market, according to data compiled by Web analytics firm StatCounter. The desktop OS had a 50.2% market share in June, leading the nearly 11-year old Windows XP OS, which controlled 29.9% of the market. Windows 7 was launched almost three years ago in October 2009, and while it received rave reviews, the operating system has seen a slower adoption rate than Windows XP, only surpassing the older version last fall. Windows 7′s milestone was achieved only months before Microsoft is set to release its latest operating system, Windows 8. Read


Windows Phone sales top iPhone and match Android… in Finland

Posted: 02 Jul 2012 05:10 PM PDT

Windows Phone sales top iPhone and match Android… in FinlandAfter struggling for nearly two years, Microsoft's Windows Phone platform is finally starting to gain substantial ground… in Finland. Nokia's strong presence in its home market has helped sales of its Lumia smartphones match Android and double iPhone sales in June at Finland's biggest wireless carrier, Elisa. The carrier recently released sales data for June 2012, which shows that four of Elisa's top-10 smartphones last month were Nokia Lumia devices powered by Windows Phone, WMPowerUser reports. According to the carrier, Windows Phone accounted for 33% of its smartphones sales, matching Android's 33% and besting the iPhone's 15% of by a wide margin. Samsung's Galaxy S III was Elisa's top-selling smartphone overall in June, followed by the iPhone 4S and then


Microsoft takes $6.2B hit to account for ad woes

Posted: 02 Jul 2012 05:02 PM PDT

FILE - In this Jan. 22, 2009 file photo, a man walks on the Microsoft headquarters campus in Redmond, Wash. Microsoft Corp. said on Monday, July 2, 2012, that it will take $6.2 billion charge for the declining value of online ad division. (AP Photo/Elaine Thompson, file)Microsoft is absorbing a $6.2 billion charge to reflect that one of the biggest deals in its 37-year history turned out to be a dud.


Android Shines In 4.1 Jelly Bean Update [REVIEW]

Posted: 02 Jul 2012 04:57 PM PDT

Android Shines In 4.1 Jelly Bean Update [REVIEW]Familiar Interface


Industry offers conduct code for unmanned aircraft

Posted: 02 Jul 2012 04:57 PM PDT

A trade group for drone aircraft manufacturers and operators has released the industry's first code of conduct in response to growing privacy concerns.

Ad exec sues Interpublic over Facebook investment

Posted: 02 Jul 2012 04:31 PM PDT

(Reuters) - Facebook Inc's explosive growth has spawned a $380.6 million lawsuit by a former Interpublic Group of Cos executive seeking payment for having persuaded the advertising giant to make an early, enormously profitable investment. Ray Volpe, a former senior account executive at Interpublic, said his former employer had thought he was "out of his mind" for having urged in 2006 that it enter an alliance with Facebook and buy $2.5 million of preferred stock, a 0.48 percent stake. But he said the second-largest U.S. ...

Apple to report Q3 earnings on July 24th

Posted: 02 Jul 2012 04:23 PM PDT

Apple to report Q3 earnings on July 24thApple has scheduled its third-quarter earnings report for Tuesday, July 24th at 2 pm PT. Apple CEO Tim Cook and CFO Peter Oppenheimer will announce Q3 earnings to investors and will take questions afterwards. As usual, the call will be streamed over Apple's Investor Relations portal. During its earnings report last quarter, Apple projected Q3 revenues of around $34 billion, or around $5 billion less than the $39.2 billion in revenues it reported in Q2.


Citi hires Bank of America technology banker Herb Yeh

Posted: 02 Jul 2012 04:20 PM PDT

NEW YORK (Reuters) - Citigroup has hired Herb Yeh as a managing director in technology investment banking to expand coverage of large-cap technology companies, according to people familiar with the matter. Yeh, who was formerly at Bank of America Merrill Lynch, started his new role at Citi recently and the move has been internally announced, the people said. A Citi spokesman confirmed the appointment. Yeh is based in New York and reports to Ethan Topper, Citi's global head of technology banking. ...

Microsoft takes $6.2B charge to account ad woes

Posted: 02 Jul 2012 04:19 PM PDT

FILE - In this Jan. 22, 2009 file photo, a man walks on the Microsoft headquarters campus in Redmond, Wash. Microsoft Corp. said on Monday, July 2, 2012, that it will take $6.2 billion charge for the declining value of online ad division. (AP Photo/Elaine Thompson, file)Microsoft is absorbing a $6.2 billion charge to reflect that one of the biggest deals in its 37-year history turned out to be a dud.


Will Visual Portfolios Replace Traditional Online Resumes?

Posted: 02 Jul 2012 04:00 PM PDT

Will Visual Portfolios Replace Traditional Online Resumes?The highlights a unique feature of startups and is made possible by . If you would like to have your startup considered for inclusion, please see the details .


Google sees advantage in making new gadget in USA

Posted: 02 Jul 2012 03:53 PM PDT

Man walks past Google Inc. headquarters in Mountain ViewSAN FRANCISCO (Reuters) - When Google Inc decided to build its Nexus Q home entertainment device in Silicon Valley rather than in China, it was not fretting about the bottom line. It was fretting about speed. "We wanted to innovate fast. This is the first end-to-end hardware product that Google has ever put out," said John Lagerling, Google's senior director of Android global partnerships. The cost of building the orb-shaped Nexus Q, a cross between a streaming video box like Apple TV and a stereo amplifier, "was not the No. 1 priority," Lagerling said. ...


U.K. Apple smartphone sales fall ahead of next-gen iPhone announcement

Posted: 02 Jul 2012 03:40 PM PDT

U.K. Apple smartphone sales fall ahead of next-gen iPhone announcementDespite iOS usage hitting an all time high, sales of Apple's iPhone have declined over the past few months as customers await the arrival of the company's next-generation iPhone. Rivals of the Cupertino-based company, on the other hand, have released a slew of new handsets and have achieved increased sales. While the iPhone 4S remained the most popular smartphone in the United Kingdom, sales fell from nearly a quarter of all handsets sold in March to about a fifth of all handsets sold in June, the Financial Times reported. Sales of Samsung's flagship Galaxy S III smartphone have also impacted the iPhone — according to market research firm Gfk, the device captured nearly 18% of the market in its first


5 Eco-Friendly Apps That Could Change City Living

Posted: 02 Jul 2012 03:22 PM PDT

5 Eco-Friendly Apps That Could Change City LivingBike Pooling, winner of Best App for Transportation, is trying to make the city more bike friendly by forming "car pools" for bikers. The app helps you connect with others who make similar commuting routes on wheels each morning.


Twitter Turned Over Information to the Government Hundreds of Times This Year

Posted: 02 Jul 2012 03:20 PM PDT

Twitter Turned Over Information to the Government Hundreds of Times This YearOccupy Wall Street protester Malcolm Harris is not alone in having his tweets subpoenaed: according to Twitter's semi-annual first semi-annual report, the company said it has produced information in 75 percent of the 679 requests it has received so far in 2012 from U.S. government agencies, and fulfilled 75 percent of those requests. Unsurprisingly, the United States, where Twitter is based, represents the lion's share of requests for user information. But expect other nations to catch up. ...


Twitter says government requests rising in 2012

Posted: 02 Jul 2012 03:14 PM PDT

Occupy Wall Street participants march down Fifth Avenue as part of May Day events in New York in 2012Twitter said Monday in its first "transparency report" that the number of government requests for user information or to block content is rising in 2012.


Mozilla’s HTML5-based Firefox OS coming in early 2013

Posted: 02 Jul 2012 03:05 PM PDT

Mozilla's HTML5-based Firefox OS coming in early 2013Mozilla on Monday revealed that its Boot to Gecko mobile platform has been rebranded as Firefox OS. The HTML5-based OS will power smartphones built to open Web standards. "The introduction of the open mobile OS continues the Mozilla mission to promote openness, innovation and opportunity on the Web for users and developers. As billions of users are expected to come online for the first time in the coming years, it is important to deliver a compelling smartphone experience that anyone can use," said Gary Kovacs, CEO, Mozilla. "The large number of operators and manufacturers now supporting this effort will bring additional resources and diversity to our global offerings." The company has partnered with Deutsche Telekom, Etisalat, Smart, Sprint, Telecom Italia,


News Summary: Beats buys MOG music service

Posted: 02 Jul 2012 02:58 PM PDT

THE DEAL: Upscale headphone maker Beats Electronics is buying MOG, a music subscription service that has struggled to compete with rivals such as Rhapsody and Spotify.

News Summary: Google makes bid to dodge EU fine

Posted: 02 Jul 2012 02:55 PM PDT

REACHING OUT: Google chairman Eric Schmidt has submitted a proposal to European regulators in Brussels aimed at avoiding a showdown on the some of the Internet search leader's business practices.

20 TV Shows With the Most Social Media Buzz This Week

Posted: 02 Jul 2012 02:47 PM PDT

20 TV Shows With the Most Social Media Buzz This WeekSunday night's broadcast of the BET Awards 2012 tops this week's social TV charts, leaving the 2012 UEFA European Football Championship game between Spain and Italy in the dust. We think it was Samuel L. Jackson's of Nicki Minaj (complete with fuschia wig) that did the trick.


A Possible Health Benefit of Botox; Teens Are Still Sexting

Posted: 02 Jul 2012 02:37 PM PDT

A Possible Health Benefit of Botox; Teens Are Still SextingDiscovered: Another health benefit for Botox, teens are still sexting, coffee continues being awesome, and parents are less likely to catch a cold.


Microsoft to take $6.2B charge for online ad biz

Posted: 02 Jul 2012 02:35 PM PDT

FILE - In this Jan. 22, 2009 file photo, a man walks on the Microsoft headquarters campus in Redmond, Wash. Microsoft Corp. said on Monday, July 2, 2012, that it will take $6.2 billion charge for the declining value of online ad division. (AP Photo/Elaine Thompson, file)Microsoft is absorbing a $6.2 billion charge to reflect its inability to produce more revenue from an online ad service that it bought nearly five years ago.


Best Buy discounts Retina-equipped MacBook Pro, still costs over $2,000

Posted: 02 Jul 2012 02:30 PM PDT

Best Buy discounts Retina-equipped MacBook Pro, still costs over $2,000Best Buy has decided to give its customers a little bit of relief if they decide to buy a new MacBook Pro with Retina display, though it will still cost them more than $2,000. As noted by 9to5Mac, Best Buy is knocking $110 off the new MacBook Pro's sale price, bringing it down to $2,089.99. 9to5Mac also notes that Best Buy has discounted the new MacBook Air by $50, knocking its price down to $949.99. But as PC World writes, these deals extend to in-store purchases only, so anyone looking to take advantage of this discount should get to their local Best Buy ASAP to make sure their they don't miss out. Read [9to5Mac] Read [PC World]


Ingram Micro buying BrightPoint for about $650M

Posted: 02 Jul 2012 02:23 PM PDT

Technology products distributor Ingram Micro Inc. said Monday that it will buy mobile services provider BrightPoint for about $650 million in cash to broaden its geographic reach and increase its customer base.

Dell wins bidding to buy Quest Software for $2.4B

Posted: 02 Jul 2012 02:16 PM PDT

In this Aug. 15, 2011 photo, the logo on a Dell computer is displayed, in Philadelphia. Dell announced Monday, July 3, 2012, that it is buying Quest Software for about $2.36 billion, ending recent speculation about who the unnamed bidder was in a battle for the company with investment firm Insight Venture Partners. (AP Photo/Matt Rourke)Dell is buying Quest Software for $2.4 billion to expand its offerings as its personal computer business weakens in an era of smartphones and sleeker devices like the iPad.


Groupon stock slides after analyst lowers target

Posted: 02 Jul 2012 02:15 PM PDT

Shares of Groupon Inc. took a hit on Monday after an analyst lowered his target price on the stock to reflect higher marketing expenses over the next few quarters. In addition, Groupon's co-founder and chairman, Eric Lefkofsky, said he is scaling back his involvement to focus on Lightbank, his venture capital firm.

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