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Wednesday, June 19, 2013

Technology Report: Icahn reiterates commitment for Dell buy

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06/19/2013
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Icahn reiterates commitment for Dell buy
NEW YORK (Reuters) - Carl Icahn reiterated his interest in owning Dell Inc and said the $5.2 billion in financing he's putting together to back his bid for the company continues to move forward as planned. The comments came in a telephone interview Tuesday, echoing statements he made earlier in the day in an open letter to Dell shareholders.
Nvidia's stock jumps on license plan; Wall Street eyes Apple
(Reuters) - Shares of chipmaker Nvidia surged nearly 6 percent on Wednesday after the company said it plans to license its graphics technology, opening the door to new business with Apple, Samsung Electronics and other mobile device makers.
Cyber threats and leaks spur increased security focus
PARIS (Reuters) - Increased cyber espionage by China and recent leaks by a contractor working at the National Security Agency have put a sharp focus on cyber security for aerospace and defense companies showing off their wares at this year's Paris Airshow.
Microsoft offers hefty bounties to thwart hackers
BOSTON (Reuters) - Microsoft Corp is looking to recruit computer geeks in its ongoing efforts to protect Windows PCs from attacks, offering rewards of as much as $150,000 to anybody who helps identify and fix major security holes in its software.
FINRA reviewing brokerages' use of social media
(Reuters) - Wall Street's Financial Industry Regulatory Authority is looking at how brokerage firms supervise their use of communication outlets such as Facebook, Twitter and LinkedIn, the industry-funded regulator said.
Micron posts quarterly profit as chip prices rise
(Reuters) - Micron Inc posted its first profit in eight quarters due to higher prices for its memory chips used in personal computers, mobile handsets and tablet devices.
BlackBerry shares fall as analyst downgrades stock ahead of earnings
TORONTO (Reuters) - BlackBerry shares fell 4 percent on Wednesday after a Bernstein Research analyst cut his rating on the stock to "underperform" ahead of the company's quarterly earnings release next week.
Softbank closer to acquiring Sprint after Dish abandons bid for now
TOKYO/NEW YORK (Reuters) - Japan's SoftBank Corp cleared a major hurdle in its attempt to buy U.S. wireless provider Sprint Nextel Corp, as rival bidder Dish Network Corp declined to make a new offer after SoftBank sweetened its own bid last week.
Cisco to invest in Israeli venture capital funds
JERUSALEM (Reuters) - Cisco Systems will invest $15 million in Israeli venture capital funds as part of a broader plan to expand its operations in Israel and outside the United States, the company said on Wednesday.
Sony spin-off plan off the agenda but on the radar at shareholder meeting
TOKYO (Reuters) - Sony Corp's top investor Daniel Loeb will miss its shareholder meeting on Thursday and those attending will not be considering his proposal to partially spin off the lucrative entertainment business, sources familiar with the matter said.
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