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Friday, October 19, 2012

Technology Report: Analysts cut Google price targets but see mobile ad growth

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10/19/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Analysts cut Google price targets but see mobile ad growth
(Reuters) - At least seven brokerages cut their price targets on Google Inc's shares after the company missed Wall Street earnings expectations, but analysts said growing mobile advertising revenue points to better times ahead.
Mobile revolution, economy trip up tech giants
SAN FRANCISCO (Reuters) - Mobile may be the future for technology, but even with the worldwide proliferation of high-powered devices like smartphones and tablets, some companies are struggling to maintain consistent revenue streams.
Yahoo to exit South Korea in first Asian pullout
SEOUL (Reuters) - Yahoo Inc's South Korean operation said on Friday it will quit the country, underscoring its struggle against Google Inc and local competitors expanding aggressively into mobile advertising and online services.
Sony to cut HQ staff by a fifth, shutter Japan plant
TOKYO (Reuters) - Sony Corp said it will cut staff in its headquarters by a fifth and shutter a factory making camera lenses and mobile phones in Japan, providing new details of a previously announced plan to trim its global headcount by 10,000 by end-March.
AT&T will boost pension fund with $9.5 billion equity stake
(Reuters) - AT&T said on Friday it will contribute a stake in its wireless business to the company's pension plan worth $9.5 billion in an effort to secure the fund, according to a U.S. Securities and Exchange Commission filing.
Ally Financial latest U.S. bank to face cyber attack
(Reuters) - Ally Financial Inc said on Thursday it was monitoring "unusual activity" on its web site, the latest U.S. bank to report internet issues following recent cyber attacks that have been linked to Iran.
Apple drops Java after experts warn Mac users on its security
BOSTON (Reuters) - Apple Inc is removing old versions of Oracle Corp's Java software from Internet browsers on the computers of its customers when they install the latest update to its Mac operating system.
Google results miss; shares dive after premature report
SAN FRANCISCO (Reuters) - Google Inc's quarterly results fell well short of Wall Street's expectations after its core advertising business slowed, stunning investors accustomed to consistently rapid growth from the Internet giant and wiping more than 9 percent off its market value.
Microsoft profit slips as PCs fizzle; Windows 8 awaited
SEATTLE (Reuters) - Microsoft Corp's quarterly profit fell a greater-than-expected 22 percent, as sales of computers running its Windows operating system dipped and some revenue was deferred ahead of upcoming releases of its core Windows and Office products.
Russia's Yandex targets Google with expansion abroad
DUBLIN (Reuters) - Russia's leading internet search engine, Yandex, will take the fight to Google in emerging markets like Turkey in a bid to offset the inroads made by the U.S. giant in its home market.
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