Tuesday, October 23, 2012

Apple unwraps mini-iPad to take on Amazon, Google

Apple unwraps mini-iPad to take on Amazon, Google


Apple unwraps mini-iPad to take on Amazon, Google

Posted: 23 Oct 2012 05:59 PM PDT

A visitor looks over the new iPad mini at an Apple event in San JoseSAN JOSE (Reuters) - Apple Inc will begin to sell an 8-inch version of the iPad on Friday to compete with Amazon.com Inc's Kindle and other smaller tablets, but it set a higher-than-expected price tag of $329 that Wall Street fears could curb demand. The 7.9 inch "iPad mini" marks the iPhone-maker's first foray into the smaller-tablet segment. Apple hopes to beat back incursions onto its home turf of consumer electronics hardware, while safeguarding its lead in a larger tablet space - one that even deep-pocketed rivals like Samsung Electronics have found tough to penetrate. ...


Facebook's mobile surprise allays growth fears

Posted: 23 Oct 2012 07:29 PM PDT

In this photo illustration, a Facebook logo on a computer screen is seen through a magnifying glass held by a woman in BernSAN FRANCISCO (Reuters) - Facebook Inc grew mobile advertising revenue several times in the third quarter, a faster-than-expected pace that helped drive shares in the world's No. 1 social network nearly 13 percent higher. Facebook said on Tuesday that it now gets 14 percent of its advertising revenue from mobile ads, helping to reassure investors that the social network is beginning to figure out how to earn money off smartphone and tablet users. ...


Barnes & Noble reports breach of U.S. customer credit card data

Posted: 23 Oct 2012 08:25 PM PDT

A Barnes and Noble book store is shown here in Encinitas May 20, 2008(Reuters) - U.S. retail firm Barnes & Noble said customers who have shopped as recently as last month at any of its 63 stores in the country may have their credit card information stolen, and has informed federal law enforcement authorities about the breach. The company said in a statement it has disconnected all PIN pads from its stores nationwide by close of business Sept 14. upon detecting tampering of those devices. ...


Apple Tablets an Important Part of the Education Puzzle

Posted: 23 Oct 2012 04:58 PM PDT

Apple Tablets an Important Part of the Education PuzzleWhen the iPad first debuted in 2010, it very quickly made it's way into schools as an educational tool. It was less expensive than a traditional laptop and turned out to be a powerful learning device. Just this summer during Apple's third quarter earnings call, CEO Tim Cook announced Apple sold twice as many iPads as Macs for use in educational environments. Cook said the company sold 1 million iPads for educational purposes, and that interest in the iPad2 in grades K-12 was strong.


Touching Video Answers: 'How Many Have You Loved?'

Posted: 23 Oct 2012 04:29 PM PDT

Touching Video Answers: 'How Many Have You Loved?'Who did you love? What did you love? When? Where? Why?


Is the iPad Mini Worth Buying?

Posted: 23 Oct 2012 05:06 PM PDT

Apple has unveiled a new member of the family: the iPad Mini. This device is a clear response to the market pressure the cheaper Amazon Kindle Fire HD and the Nexus 7 have placed on the existing iPad. So how does this scaled down version of the iPad compare with its newly refreshed big brother [...]

Microsoft's newest weapon in China piracy fight

Posted: 23 Oct 2012 07:17 PM PDT

File photo of a Microsoft representative holding a new Surface tablet computer in Los AngelesSHANGHAI (Reuters) - In 20 years in China, Microsoft Corp hasn't had much luck. It is the world's largest market for PCs and yet with piracy rates as high as 77 percent, the software company is seeing only a fraction of the revenue it could collect. That might change with the launch of its Surface tablet, which goes on sale online in China at the same time as a handful of other countries. The Surface is a rare piece of Microsoft hardware, and will run the company's new Windows 8 operating system. ...


China's Huawei says will increase transparency

Posted: 23 Oct 2012 07:45 PM PDT

Lord, chairman of the Australian division of the Chinese telecom equipment firm Huawei, addresses the National Press Club in CanberraCANBERRA (Reuters) - Chinese telecoms equipment firm Huawei Technologies Co Ltd pledged on Wednesday to increase its transparency to counter security concerns, proposing to set up a cyber security evaluation center in Australia. Huawei, which was barred from participating in Australia's $38 billion high-speed broadband network and was the subject of a U.S. Congress committee recommendation that firms stop doing business with it, said the proposed center would give complete access to its software source code and equipment. ...


Zynga cuts 5 percent of work force, ending 13 games

Posted: 23 Oct 2012 06:25 PM PDT

The corporate logo of Zynga Inc, the social network game development company, is shown at its headquarters in San FranciscoSAN FRANCISCO (Reuters) - Zynga Inc laid off 5 percent of its full-time workforce and shut its Boston office on Tuesday as it embarked on a sweeping cost-cutting campaign that may eventually see the "FarmVille" game creator close its Japanese and British studios as well. The company, which is trying to arrest a steep decline in earnings as users gradually migrate onto mobile devices or rival games, plans to "sunset" 13 unspecified older titles, Chief Executive Mark Pincus said in a staff memo on Tuesday that was published on the company blog. ...


iPad mini announcement shows Apple’s focus on books, education

Posted: 23 Oct 2012 01:45 PM PDT

Apple's latest keynote address focused less on the new capabilities of the company's iPad line, and more on the students who will benefit from new iPad applications and form factors (in addition to a reduced price!)

Review: Mighty iPad Mini looks like a holiday hit

Posted: 23 Oct 2012 09:09 PM PDT

The iPad Mini is shown in San Jose, Calif., Tuesday, Oct. 23, 2012. The device has a screen that's about two-thirds the size of the full-size model, and Apple says it will cost $329 and up. (AP Photo/Marcio Jose Sanchez)Apple's iPad Mini will bring a lot more excitement and a little more confusion to the holiday shopping season.


News Summary: Netflix slashes subscriber forecast

Posted: 23 Oct 2012 09:01 PM PDT

SUBPAR SUBS: Netflix said it added 1.2 million U.S. video streaming subscribers in the third quarter, below analysts' forecasts, and trimmed its annual growth estimate from as much as 7 million additions to between 4.7 million and 5.4 million.

News Summary: Facebook 3Q shows mobile ad growth

Posted: 23 Oct 2012 09:00 PM PDT

MOBILE GROWTH: As part of Tuesday's third-quarter results, the world's biggest social media company disclosed for the first time that some 14 percent of its ad revenue came from mobile advertising.

Chipmaker SK Hynix logs small profit on FX gain

Posted: 23 Oct 2012 08:27 PM PDT

South Korean chipmaker SK Hynix reported a small net profit in the third quarter Wednesday thanks to a foreign exchange gain that partly offset lower sales of computer memory chips.

Samsung sees 10 percent growth in PC sales

Posted: 23 Oct 2012 08:11 PM PDT

Samsung Electronics Co. expects 10 percent growth in PC sales by volume this year as it bets on hybrid laptop-tablet PCs.

China's Huawei says will increase transparency

Posted: 23 Oct 2012 07:45 PM PDT

Lord, chairman of the Australian division of the Chinese telecom equipment firm Huawei, addresses the National Press Club in CanberraCANBERRA (Reuters) - Chinese telecoms equipment firm Huawei Technologies Co Ltd pledged on Wednesday to increase its transparency to counter security concerns, proposing to set up a cyber security evaluation center in Australia. Huawei, which was barred from participating in Australia's $38 billion high-speed broadband network and was the subject of a U.S. Congress committee recommendation that firms stop doing business with it, said the proposed center would give complete access to its software source code and equipment. ...


Microsoft's newest weapon in China piracy fight

Posted: 23 Oct 2012 07:17 PM PDT

File photo of a Microsoft representative holding a new Surface tablet computer in Los AngelesSHANGHAI (Reuters) - In 20 years in China, Microsoft Corp hasn't had much luck. It is the world's largest market for PCs and yet with piracy rates as high as 77 percent, the software company is seeing only a fraction of the revenue it could collect. That might change with the launch of its Surface tablet, which goes on sale online in China at the same time as a handful of other countries. The Surface is a rare piece of Microsoft hardware, and will run the company's new Windows 8 operating system. ...


SK chipmaker Hynix logs small profit on FX gain

Posted: 23 Oct 2012 06:37 PM PDT

South Korean chipmaker SK Hynix reported a small net profit in the third quarter Wednesday thanks to a foreign exchange gain that partly offset lower sales of computer memory chips.

InvenSense founder stepping down; new CEO named

Posted: 23 Oct 2012 06:37 PM PDT

InvenSense Inc., which provides motion sensors used in consumer electronics, saw its profit jump in its fiscal second quarter, as stronger demand for its motion tracking sensors helped drive revenue higher. The company also said Tuesday that founder and CEO Steven Nasiri is stepping down.

Hewlett-Packard wins Idaho school laptop contract

Posted: 23 Oct 2012 06:33 PM PDT

Idaho officials have awarded an eight-year, $180 million contract to Hewlett-Packard Co. to provide high school students and teachers with laptops, in a deal that hinges on a voter initiative.

SK chipmaker Hynix has first profit in 5 quarters

Posted: 23 Oct 2012 05:56 PM PDT

South Korean chipmaker SK Hynix says it logged a small net profit in the third quarter thanks to a foreign exchange gain that partly offset lower sales of computer memory chips.

On the Call: Facebook CEO Mark Zuckerberg

Posted: 23 Oct 2012 05:54 PM PDT

Facebook Inc. posted stronger than-expected results for the third quarter on Tuesday, sending its shares sharply higher in after-hours trading. The company saw advertising revenue growth accelerate from the second quarter, and for the first time it gave details on how much of its money comes from mobile ads. That seemed to reassure investors that the world's biggest online social network is on the right path to growth.

On the Call: Netflix CEO Reed Hastings

Posted: 23 Oct 2012 05:50 PM PDT

In Netflix's third-quarter earnings report, its predictions for year-end U.S. streaming subscriber growth was cut to around 5 million net additions, down from a best-case scenario of 7 million.

Netflix shares drop after it cuts subscriber forecast

Posted: 23 Oct 2012 05:42 PM PDT

A Netflix disk envelope is displayed in EncinitasLOS ANGELES (Reuters) - Netflix Inc added fewer U.S. customers than Wall Street expected in the third quarter, forcing the company to roll back its year-end subscriber forecast and sending shares plunging 15 percent. Netflix said on Tuesday it added 1.2 million new U.S. customers to its on-demand TV and movie streaming service during the July to September period, for a total of 25.1 million. That fell at the low end of the company's guidance and below what some analysts predicted. Shares of the company fell 15 percent to $58.04 in after-hours trading, down from an earlier $68. ...


Netflix slashes its forecast for subscriber gains

Posted: 23 Oct 2012 05:32 PM PDT

In this Tuesday, Oct. 23, 2012, photo, a woman holds up a Netflix envelope to be photographed in front of a Netflix application on a television in East Derry, N.H. Netflix slashed its prediction of how many U.S. video streaming subscribers it would add this year after subpar third-quarter results, causing a sharp sell-off in its stock in after-hours trading. The Los Gatos, California-based video streaming company said Tuesday it added 1.2 million net subscribers in the U.S. in the three months through September, which was on the low end of its previous forecast of gains between 1 million to 1.8 million. (AP Photo/Charles Krupa, File)Netflix slashed its prediction for how many U.S. video-streaming subscribers it would add this year after subpar third-quarter results, causing a sharp sell-off in its stock in after-hours trading.


Zynga to cut 5 percent of its staff

Posted: 23 Oct 2012 05:24 PM PDT

Online game company Zynga Inc. is eliminating games, studios and jobs in a bid to cut costs.

Is the iPad Mini Worth Buying?

Posted: 23 Oct 2012 05:06 PM PDT

Apple has unveiled a new member of the family: the iPad Mini. This device is a clear response to the market pressure the cheaper Amazon Kindle Fire HD and the Nexus 7 have placed on the existing iPad. So how does this scaled down version of the iPad compare with its newly refreshed big brother [...]

Apple Tablets an Important Part of the Education Puzzle

Posted: 23 Oct 2012 04:58 PM PDT

Apple Tablets an Important Part of the Education PuzzleWhen the iPad first debuted in 2010, it very quickly made it's way into schools as an educational tool. It was less expensive than a traditional laptop and turned out to be a powerful learning device. Just this summer during Apple's third quarter earnings call, CEO Tim Cook announced Apple sold twice as many iPads as Macs for use in educational environments. Cook said the company sold 1 million iPads for educational purposes, and that interest in the iPad2 in grades K-12 was strong.


Facebook 3Q results show mobile ad growth

Posted: 23 Oct 2012 04:49 PM PDT

FILE-In this Monday, Oct. 1, 2012, file photo, Facebook CEO Mark Zuckerberg, smiles for photographers at the Gorki residencewhile meeting with the Russian Prime Minister Dmitry Medvedev in Moscow. Facebook's third-quarter results released Tuesday, Oct. 23, 2012, inched past Wall Street's expectations, offering evidence that the company is making inroads in mobile advertising, a longtime concern among investors. (AP Photo/Alexander Zemlianichenko, pool)Facebook finally has proof that it can make money from mobile advertising.


Prices, other details about the new Mac lineup

Posted: 23 Oct 2012 04:31 PM PDT

Phil Schiller, Apple's senior vice president of worldwide product marketing, talks about the thinness of the new iMac in San Jose, Calif., Tuesday, Oct. 23, 2012. The audience cheered as Schiller unveiled the new iMac computers. Schiller says the fusion drive will have the speed of flash and the capacity of regular hard drives. (AP Photo/Marcio Jose Sanchez)Apple refreshed its lineup of Mac computers on Tuesday. It unveiled a 13-inch MacBook Pro with a sharper screen and introduced an iMac storage drive that combines the speed of flash memory and the capacity of traditional hard drives. Here are prices and other details on the new products.


Touching Video Answers: 'How Many Have You Loved?'

Posted: 23 Oct 2012 04:29 PM PDT

Touching Video Answers: 'How Many Have You Loved?'Who did you love? What did you love? When? Where? Why?


Apple's iPad Mini much pricier than rival tablets

Posted: 23 Oct 2012 04:29 PM PDT

Phil Schiller, Apple's senior vice president of worldwide product marketing, introduces the iPad Mini in San Jose, Calif., Tuesday, Oct. 23, 2012. (AP Photo/Marcio Jose Sanchez)Apple Inc.'s pencil-thin, smaller iPad will cost much more than its competitors, signaling that the company isn't going to get into a mini-tablet price war.


Apple unwraps mini-iPad to take on Amazon, Google

Posted: 23 Oct 2012 04:22 PM PDT

The new iPad mini is projected on a screen during an Apple event in San JoseSAN JOSE (Reuters) - Apple Inc will begin to sell an 8-inch version of the iPad on Friday to compete with Amazon.com Inc's Kindle and other smaller tablets, but it set a higher-than-expected price tag of $329 that Wall Street fears could curb demand. The 7.9 inch "iPad mini" marks the iPhone-maker's first foray into the smaller-tablet segment. Apple hopes to beat back incursions onto its home turf of consumer electronics hardware, while safeguarding its lead in a larger tablet space - one that even deep-pocketed rivals like Samsung Electronics have found tough to penetrate. ...


Brands cry foul over unauthorized sellers on Amazon

Posted: 23 Oct 2012 04:19 PM PDT

Amazon CEO Bezos demonstrates the Kindle Paperwhite during Amazon's Kindle Fire event in Santa MonicaSAN FRANCISCO (Reuters) - Amazon.com Inc is grappling with a problem that eBay Inc has struggled with for years: The proliferation of unauthorized third-party sellers that undercut the world's top consumer brands. The sellers offer online shoppers goods ranging from Guess watches to LG televisions and Adidas sportswear at low prices, upsetting Amazon suppliers who want the world's largest online retailer to crack down on unauthorized discounting. On eBay, the brands mostly complained about counterfeit products sold by third parties. ...


Broadcom sees fourth-quarter revenue decline

Posted: 23 Oct 2012 03:51 PM PDT

NEW YORK (Reuters) - Broadcom Corp on Tuesday forecast a decline in revenue for the fourth quarter due to challenging market conditions including weakness in its infrastructure chip business. While Broadcom's third-quarter revenue was better than Wall Street expected, its weak outlook was not a big surprise as chip makers such as Texas Instruments and Intel Corp have posted weak results due to softness in the global economy. ...

Destination: Missing--Comet Once Targeted by NASA Mission Vanished

Posted: 23 Oct 2012 03:50 PM PDT

Destination: Missing--Comet Once Targeted by NASA Mission Vanished

Apple stock drops as iPad Mini event wraps up

Posted: 23 Oct 2012 03:44 PM PDT

Apple's stock fell Tuesday after the company wrapped up an event unveiling new and updated products, including a smaller iPad. The Mini's price starts at $329, higher than what most analysts had expected.

Facebook mobile revenue grows faster than expected

Posted: 23 Oct 2012 03:43 PM PDT

In this photo illustration, a Facebook logo on a computer screen is seen through a magnifying glass held by a woman in BernSAN FRANCISCO (Reuters) - Facebook Inc grew mobile advertising revenue several times in the third quarter, a faster-than expected pace that helped reassure investors that the world's No. 1 social network is beginning to figure out how to earn money off smartphone and tablet users. The company now gets 14 percent of its advertising revenue from mobile ads, translating into more than $150 million -- a surge from an estimated $40 million to $50 million in the second quarter and almost nothing in the first. ...


How makers of phones and tablets are faring

Posted: 23 Oct 2012 03:30 PM PDT

The iPad mini, at left, is shown next to the 4th generation iPad in San Jose, Calif., Tuesday, Oct. 23, 2012. The device has a screen that's about two-thirds the size of the full-size model, and Apple says it will cost $329 and up. (AP Photo/Marcio Jose Sanchez)Makers of phones and tablet computers have begun releasing results for the latest quarter. Many companies including Nokia and Research in Motion have been struggling to compete with Apple and manufacturers of devices running Google's Android software. Here's a look at how makers of phones and tablet computers are doing.


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