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Wednesday, November 7, 2012

Technology Report: Apple slides to five-month low, uncertainty grows

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11/7/2012
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Apple slides to five-month low, uncertainty grows
SAN FRANCISCO/NEW YORK (Reuters) - Shares of Apple Inc slid almost 4 percent on Wednesday to a five-month low as investors grew more uncertain about its ability to fend off unprecedented competition and untangle a snarled iPhone 5 supply chain.
AT&T to boost annual spending 16 percent to $22 billion
(Reuters) - AT&T Inc will boost capital spending by about 16 percent to $22 billion a year for the next three years to fund upgrades to its wireless and wireline networks, the company said on Wednesday.
At Panasonic, blunt chief looks to force turnaround
TOKYO (Reuters) - In a presentation beamed to Panasonic Corp offices around the world last week, company president Kazuhiro Tsuga stunned middle managers with the blunt message that their bonuses would be cut by more than a third.
Move over, Obama; Twitter had a big night too
WASHINGTON (Reuters) - President Barack Obama called it - in less than 140 characters.
VirnetX says jury asks Apple to pay $368 million in patent case
(Reuters) - Shares of VirnetX Holding Corp jumped 27 percent after a jury asked Apple Inc to pay about $368 million to the Internet security software maker for infringement of four patents.
Foxconn's Gou says tough to cope with iPhone demand
TAIPEI (Reuters) - Taiwan's Foxconn Technology Group said on Wednesday the company's flagship Hon Hai unit is finding it difficult to cope with the massive demand for Apple Inc's iPhones.
GPS app Waze starts to tap into location-based ads
(Reuters) - Mobile satellite navigation startup Waze launched a global advertising platform on Wednesday, targeting its 30 million users based on their location.
Sony PlayStation certificate sparks talk China may lift console ban
TOKYO/SHANGHAI (Reuters) - Sony Corp's PlayStation 3 has received a certification of quality from a Chinese safety standards body, sparking speculation that China will end a decade-old ban on home game consoles.
Ericsson to cut near 9 percent of Swedish staff amid downturn
STOCKHOLM (Reuters) - Ericsson is to cut 1,550 staff in Sweden as the world's biggest maker of mobile phone networks aims to drive down costs in an industry facing a global slowdown.
Sprint to buy U.S. Cellular business to boost Midwest coverage
(Reuters) - Sprint Nextel Corp agreed to buy United States Cellular Corp businesses in Chicago, St. Louis, central Illinois and three other markets to expand coverage as it upgrades its network.
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