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HP to cut 27,000 jobs to save up to $3.5B annuallyHewlett-Packard Co. plans to cut 27,000 jobs as the growing popularity of smartphones, the iPad and other mobile devices makes it tougher for the company to sell personal computers. Jury: Google didn't infringe on Oracle patentsA federal jury ruled Wednesday that Google didn't infringe on Oracle's patents when the Internet search leader developed its popular Android software for mobile devices.Web series touts funky concept snowboardsIn the summer of 2010, Signal Snowboards created the Web series "Every Third Thursday" to showcase the company's experimentation with funky concept boards. Think Science Channel’s “How It’s Made” — except with a lot more sass and a funkier setting. Amazon offering more than 2,000 titles for the first time on DVDYou've heard of video on demand, now Amazon is offering DVD on demand. Through a new shop called Never Before on DVD, the online retailer is making more than 2,000 films and TV series from the likes of 20th Century Fox, Sony Pictures, … Continue readingIncredibly wealthy Silicon Valley exec arrested for complicated high-tech Lego theft at TargetWas it compulsion, a desire to beat the system, or just pure greed? Authorities — and indeed, the public at large — are struggling to understand the "why" behind a complicated theft scheme where wealthy Silicon Valley executive Thomas Langenbach … Continue readingHow to Play 'Take On Me' on the Moog Google DoodleCreative musicians throughout the world, both professional and amateur, have been jamming on the interactive Google Doodle that simulates a Moog synthesizer, named after the man who created the first modern synth, Robert Moog.Play on: Google posts synthesizer tribute to MoogBob Moog's synthesizer helped change the sound of modern music. On what would have been his 78th birthday, Google is paying tribute to the man with a virtual version of his famous Moog on their homepage — and it's completely playable. Scotland Yard deploys mobile fingerprint devicesScotland Yard says it's equipping its police officers with handheld fingerprint devices, something the force says will help identify suspects in a matter of seconds.Facebook stock climbs, but company faces lawsuitsFacebook's fourth day of trading as a public company saw an increase in the company's stock price and shareholder lawsuits related to the social network's botched initial public offering. Japanese video game author wins Spanish prizeJapan's Shigeru Miyamoto, considered the father of the modern video game, has been awarded Spain's Prince of Asturias Award for Communication and Humanities.Stitcher Radio - News and Talk keeps you tuned inAndroid has a plethora of podcast radio apps so it can become overwhelming trying to find the perfect one. Even Google has dipped its toes in the Internet broadcasting phenomenon with their app, Listen. Unfortunately, the search giant’s offering has its own shortcomings. Featuring an intuitive layout, radio discovery app Stitcher provides a great alternative for your favorite podcasts and radio.News Summary: No Google infringement, says juryTHE VERDICT: A federal jury says Google didn't infringe on Oracle's patents when the Internet search leader developed its popular Android software for mobile devices.Synopsys raises outlook, splits CEO roleSynopsys Inc. on Wednesday said its top two leaders will now share the seat of chief executive officer. The company also raised its outlook for the year, citing results in its most latest quarter and a recent acquisition.Intersil to cut jobs as costs mount(Reuters) - Chipmaker Intersil Corp will reduce its workforce by 11 percent to cut costs and revamp its product portfolio. The company expects to incur charges of about $9 million in the second quarter due to the restructuring, it said in a regulatory filing on Wednesday. Intersil employed 1,643 workers as of December 31, 2011. The company said the restructuring plan includes trimming operating costs by about $40 million annually. Intersil's revenue has declined for the last four quarters. Costs, however, have not fallen, hitting its operating margins. ...News Summary: Hewlett-Packard to cut 27,000 jobsTHE CUTS: Hewlett-Packard Co. plans to cut 27,000 jobs. The reductions will affect about 8 percent of HP's nearly 350,000 employees by the time the overhaul is completed in October 2014. Europe weighs on NetApp's outlook, stock slumpsSAN FRANCISCO (Reuters) - NetApp Inc on Wednesday forecast revenue below Wall Street's expectations and its chief executive warned of uncertainty in Europe, sending the data storage equipment maker's shares down 18 percent in after-hours trade. The day before, Dell Inc posted disappointing quarterly results that heightened concerns about cautious IT spending, sending tech stocks sharply lower. "The EMEA (Europe, Middle East, Africa) story is one of uncertainty. We could be seeing a rebound or we could be seeing a strong degradation from there," CEO Tom Georgens said in a telephone interview. ...Samsung Galaxy Note 10.1 redesigned with S Pen in mindAs previously reported, after a less than stellar unveiling at Mobile World Congress in February, Samsung delayed the launch of its Galaxy Note 10.1 in order to make revisions. The original Galaxy Note 10.1 featured a 10.1-inch 1280 x 800-pixel display, a dual-core Exynos processor clocked at 1.4GHz, 1GB of RAM and a 3-megapixel rear camera. The slate utilized Samsung’s S-Pen stylus, however unlike its “phablet” counterpart, the device lacked a slot to store the nifty stylus. Samsung has addressed the issue in the redesigned version of its upcoming tablet, and the company added a new quad-core Exynos processor as well, according to Tablet Community. Unfortunately, the South Korea vendor has not announced a release date for the device. A second image Facebook stock climbs, but company faces lawsuitsFacebook's fourth day of trading as a public company saw an increase in the company's stock price and shareholder lawsuits related to the social network's botched initial public offering. Facebook exec ducks questions about IPO debacleBOSTON (Reuters) - Facebook Chief Operating Officer Sheryl Sandberg spoke to Harvard University students in her first public appearance since the company's disappointing initial public offering, but refrained from addressing the controversy around its messy, glitch-plagued debut. Instead, Sandberg urged students graduating this week from Harvard's business school to work for fast-growing companies, communicate honestly and address inequality in the workplace. ...Pandora Media raises outlook as more people tune in(Reuters) - Online streaming music service Pandora Media Inc reported better-than-expected revenue and raised its full-year guidance as more people tuned in. The stock climbed 17 percent in extended trading after closing at $10.33 on Wednesday. "We are making excellent progress on all fronts - consumer adoption continues at an extraordinary pace," Pandora Chief Executive Joe Kennedy said in an interview with Reuters. Pandora raised its full-year revenue outlook to a range of $420 million to $427 million from a previous forecast of $410 million to $420 million. ... Pandora 1Q loss triples but better than forecastThe net loss at Pandora Media Inc. tripled in the fiscal first quarter as the cost of acquiring music and marketing its services rose faster than revenue. But the results and its outlook for the year topped analysts' forecasts, and shares jumped.How consumer-electronics makers are faringA look at how selected makers of phones and other consumer-electronic gadgets are faring:Congressional panels reviewing Facebook IPO issuesWASHINGTON (Reuters) - The U.S. House and Senate committees that oversee financial sector matters are planning to look into the issues surrounding Facebook Inc's initial public offering, aides to both committees said on Wednesday. Sean Oblack, a spokesman to the Senate Banking Committee, said the review will focus on "issues raised in the news" and that staff will be conducting briefings with "Facebook, regulators and other stakeholders. ...A look at recent tech-industry earningsHere is a summary of recent earnings and reports for selected technology companies and what they reveal about the state of spending and the overall economy:How chips, PCs, services companies are faringA look at how selected companies providing computers, components, services and related software are faring:Scotland Yard deploys mobile fingerprint devicesScotland Yard says it's equipping its police officers with handheld fingerprint devices, something the force says will help identify suspects in a matter of seconds.Prices of Facebook stock since long-awaited IPOFacebook Inc. began trading publicly last Friday following one of the most anticipated stock offerings in history. The initial public offering of stock priced at $38 a day earlier. It was at the top end of a projected range that Facebook had already increased just days earlier.Facebook may move shares to NYSEFacebook is in talks with the New York Stock Exchange to move its stock from the Nasdaq Stock Market after a botched initial public offering on Friday, according to a person familiar with the matter.Major decisions under new HP CEO Meg WhitmanMeg Whitman became CEO of Hewlett-Packard Co. in September, replacing Leo Apotheker, who was fired after less than a year on the job. Here are some major decisions under her leadership: HP to lay off about 27,000, profit slides 31 percentSAN FRANCISCO (Reuters) - Hewlett Packard Co said on Wednesday it would lay off roughly 27,000 employees or about 8 percent of its workforce to jumpstart growth, and its shares rose 11 percent. The company said the layoffs would be made mainly through early retirement and would generate annual savings of $3 billion to $3.5 billion as it exits fiscal year 2014. The world's No. ... Hewlett-Packard's employment count over the yearsHewlett-Packard Co.'s payroll has grown over the past decade, partly because of its purchase of computer maker Compaq in 2002 and technology-services provider Electronic Data Systems in 2008. Key moments in Hewlett-Packard's recent historyOn Wednesday, Hewlett-Packard Co. announced plans to cut about 8 percent of its work force, or 27,000 workers, by October 2014. It comes as the maker of personal computers struggles to compete with mobile devices. HP to cut 27,000 jobs to save up to $3.5B annuallyHewlett-Packard Co. plans to cut 27,000 jobs as the growing popularity of smartphones, the iPad and other mobile devices makes it tougher for the company to sell personal computers. NetApp's shares tumble on weak 1Q forecastsShares of NetApp Inc. tumbled in aftermarket trading Wednesday after the data storage management system maker forecast a disappointing fiscal first quarter, citing "increasing uncertainty" in the global economy.Expedia shares rose on signs of growth in EuropeExpedia Inc.'s shares rose Wednesday after an industry report showed that the online travel company may be making gains in Europe.Play on: Google posts synthesizer tribute to MoogBob Moog's synthesizer helped change the sound of modern music. On what would have been his 78th birthday, Google is paying tribute to the man with a virtual version of his famous Moog on their homepage — and it's completely playable. Facebook’s record-breaking IPO put into perspectiveFacebook made its initial public offering last Friday and while it didn’t go as smoothly as many had hoped, the offering was still the largest of its kind. Facebook stock began trading at $42 on Friday before closing just above $38, the IPO price set by bankers the night before. The stock has since slid further, touching $30 in pre-market trading on Wednesday morning, and media coverage has turned sour as investors continue to balk. All things considered, however, the $16 billion Facebook raised on Friday smashed Google’s earlier record by more than eight times and made Facebook’s offering the biggest in Internet IPO history. To put things in perspective as Facebook’s stock battles to climb back to the $38 mark HP still leads: Top 5 makers of personal computersHewlett-Packard Co. remains the world's largest maker of personal computers, but the business is slowing with the rise of smartphones and other mobile devices. HP announced Wednesday that it will cut 8 percent of its work force by October 2014. HP has said it will use savings to invest in growing businesses.Stitcher Radio - News and Talk keeps you tuned inAndroid has a plethora of podcast radio apps so it can become overwhelming trying to find the perfect one. Even Google has dipped its toes in the Internet broadcasting phenomenon with their app, Listen. Unfortunately, the search giant’s offering has its own shortcomings. Featuring an intuitive layout, radio discovery app Stitcher provides a great alternative for your favorite podcasts and radio.Dell's strategy questioned as shares dive(Reuters) - Shares of Dell Inc plunged 17 percent Wednesday after a disappointing revenue forecast spurred fears that global tech spending is weakening faster than anticipated and raised doubts about the PC maker's strategy. The stock plunge erased more than $4 billion in the company's market cap. Rival PC maker Lenovo Group Ltd , which reported results overnight that benefited from its dominance in the rapidly expanding Chinese market, fueled concerns after warning that it too saw a slowdown in U.S. and European corporate spending on PCs. Shares of global leader Hewlett Packard Co closed 3. ... |
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