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Wednesday, June 5, 2013

Technology Report: Dell committee says Icahn proposal is short of funding

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06/5/2013
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Dell committee says Icahn proposal is short of funding
(Reuters) - A Dell Inc special committee challenged Carl Icahn on Wednesday, saying the activist investor is almost $4 billion short of the cash needed to fund his proposal for a $12-per-share special dividend.
BlackBerry says majority of top U.S. firms testing its new devices
TORONTO (Reuters) - Sixty percent of U.S. Fortune 500 companies are already testing or using the system to manage BlackBerry's new line of devices, the company said on Wednesday, as U.S. carriers began to roll out its new keyboard-equipped Q10 smartphone.
Analysis: As Facebook grows up, grand ambitions get reality check
SAN FRANCISCO (Reuters) - Facebook, which once seemed poised to take over the Internet, is showing its limitations: a host of newer services are gaining ground among trend-setting youth; a much-hyped smartphone app has received a tepid response; and grand ambitions such as taking on Google in the search business seem ever more fanciful.
Global $200 million credit card hacking ring busted
NEW YORK (Reuters) - Eleven people in the United States, the UK and Vietnam have been arrested and accused of running a $200 million worldwide credit card fraud ring, U.S. and UK law enforcement officials said on Wednesday.
Bangladesh lifts ban on YouTube, blocked after anti-Islam film
DHAKA (Reuters) - Bangladesh on Wednesday lifted a ban on video-sharing site YouTube which has been blocked since September after an online anti-Islam movie spawned violent protests across the Muslim world.
Saudi investors sent reeling after king shuts telecoms start-up
DUBAI (Reuters) - Saudi retail investors face hefty losses after a royal decree ordered the liquidation of Saudi Integrated Telecom Co (SITC), which floated its shares in an initial public offer (IPO) in 2011 but never started operations.
Airlines push new booking platform, IT firms wary
CAPE TOWN (Reuters) - The airline industry is set to allow consumers to see more details of what they are booking using a new online reservation platform, a project that poses a threat to many travel technology firms working with older systems.
Telecom Italia tie-up with Hutchison put back
MILAN (Reuters) - A possible tie-up between Telecom Italia and Hutchison Whampoa was put on the back burner on Wednesday when the board of the Italian telecoms company postponed discussing the merger until a future date.
Turks skip suspected censorship with Internet lifelines
ISTANBUL/LONDON (Reuters) - Turks are turning to encryption software to thwart any ramp up in censorship of the Internet after six days of anti-government demonstrations and a wave of arrests reportedly for urging people to protest on social media sites.
Russia's ruling party seeks Internet "Jedis" to boost its image
MOSCOW (Reuters) - Condemned by a leading blogger as a "party of swindlers and thieves", Russian President Vladimir Putin's ruling United Russia is looking for Internet-savvy supporters to promote its brand in Moscow, the cradle of mass anti-Kremlin protests.
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