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Tuesday, February 5, 2013

Technology Report: Zynga reports fourth-quarter revenue flat at $311 million

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02/5/2013
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Zynga reports fourth-quarter revenue flat at $311 million
SAN FRANCISCO (Reuters) - Zynga Inc reported fourth-quarter revenues of $311 million, flat compared with a year ago, as the company showed signs it is beginning to cope with a dramatic, months-long exodus of online gamers.
Dell to go private in landmark $24.4 billion deal
SAN FRANCISCO/NEW YORK (Reuters) - Michael Dell will take Dell Inc private for $24.4 billion in the biggest leveraged buyout since the financial crisis, a deal that allows the billionaire chief executive to attempt a revival of his struggling computer company without Wall Street scrutiny.
IBM takes on rivals with lower priced server range
(Reuters) - Technology services provider IBM on Tuesday said it is aiming to take on competitors such as Oracle and Hewlett Packard by offering a more affordable Power Systems server and storage product range later this month.
Sprint had talks with four other companies before SoftBank deal
NEW YORK (Reuters) - Sprint Nextel Corp, the No. 3 U.S. mobile service provider, said that it talked to four different companies about a potential deal before it announced its agreement to sell 70 percent of its shares to Japan's SoftBank Corp for $20 billion.
Chip designer ARM's Q4 profit beats expectations
LONDON (Reuters) - British chip designer ARM reported a better-than-expected 16 percent rise in pretax profit in the fourth quarter as it rode the wave of soaring sales of smartphones and tablets, nearly all of which contain its technology.
BlackBerry eyes future beyond its new line of devices
TORONTO (Reuters) - Barely a week after launching an all-new, make-or-break line of smartphones, BlackBerry is already looking at a future in which it is a leader in "mobile computing," Chief Executive Thorsten Heins said on Tuesday.
Baidu revenue and profit growth rate slow in fourth quarter
(Reuters) - Baidu Inc , China's largest search engine company, reported its slowest profit growth since 2009, as competition in the sector heats up and more users switch to mobile search.
California court finds for Apple in credit card suit
SAN FRANCISCO (Reuters) - Apple Inc and other online retailers did not break California law by requiring consumers to provide their address and phone numbers as a condition of accepting credit card payments, the state's high court ruled on Monday.
Energy Department hacked, says no classified data was compromised
WASHINGTON (Reuters) - The Department of Energy's electronics network was attacked by hackers in mid-January but no classified data was compromised, the agency said in a letter to employees.
Windows co-chief looking for surge with new hardware
SEATTLE (Reuters) - The new Windows 8 system is off to a "solid" start and should get a boost in sales over the next few months as new touch-screen devices hit the market and Microsoft Corp hones its retail strategy, according to a top executive.
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