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Tuesday, October 16, 2012

Technology Report: Intel's outlook falls short of expectations

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10/16/2012
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Intel's outlook falls short of expectations
SAN FRANCISCO (Reuters) - Intel forecast gross margins for the current quarter below expectations in a PC industry fighting a weak global economy and a shift by consumers toward tablets and smartphones.
IBM third-quarter earnings rise, revenue hurt by strong dollar
(Reuters) - IBM reported third-quarter revenue of $24.7 billion and net earnings of $3.9 billion as demand for its software services and tight cost management offset the effect of a stronger dollar on the technology and consulting company.
Apple sets Oct. 23 event, smaller iPad expected
SAN FRANCISCO (Reuters) - Apple Inc on Tuesday invited members of the media to an event next week where it is expected to challenge rivals Amazon.com Inc and Google Inc with a less expensive and smaller version of its popular iPad tablet.
Battery maker A123 Systems files for bankruptcy
(Reuters) - A123 Systems, which had received a $249 million grant from the U.S. government, filed for Chapter 11 bankruptcy protection on Tuesday, giving Republicans fresh ammunition to attack the Obama administration's subsidies for green energy.
EU gives Google four months to amend privacy policy
PARIS (Reuters) - Google has four months to make its privacy policy comply with requests from European Union data protection watchdogs or start facing the possibility of disciplinary action at a national level.
Microsoft prices Wi-Fi Surface tablet below new Apple iPad
SEATTLE (Reuters) - Microsoft Corp is setting the price of its new Surface tablet below comparable versions of Apple Inc's iPad, signaling its intent to grab a slice of the booming tablet market.
Panasonic to cut LCD TV panel output on weak demand: Nikkei
(Reuters) - Japan's Panasonic Corp will cut production of LCD and plasma panels for televisions in 2013 as sales continue to remain below expectations, the Nikkei said.
Analysis: Softbank deal's big on size, small on change
NEW YORK/SAN FRANCISCO (Reuters) - It's this year's biggest technology acquisition and the largest outbound deal in Japan's history. But game-changing, it is not.
Telefonica hopes for 1.5 billion euros from German sale
MADRID (Reuters) - Telefonica hopes to raise around 1.5 billion euros ($2 billion) by selling part of its O2-branded German subsidiary on the stock market.
AMD plans layoffs after recent warning: source
SAN FRANCISCO (Reuters) - Advanced Micro Devices Inc could cut up to a fifth of its staff of nearly 12,000, following a warning from the chipmaker this week that its quarterly revenue would fall due to a weak global economy, a source familiar with the matter said on Friday.
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