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Thursday, October 24, 2013

Technology Report: Microsoft profit up 17 percent on business sales

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10/24/2013
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Microsoft profit up 17 percent on business sales
SEATTLE (Reuters) - Microsoft Corp said on Thursday its fiscal first-quarter profit rose 17 percent, helped by strong sales of its Office and server software to businesses, offsetting weakness in its flagship Windows system.
Amazon third-quarter sales top Wall Street expectations
(Reuters) - Amazon.com Inc reported another quarterly net loss, but better-than-expected sales on Thursday as the company expands aggressively into overseas markets.
Analysis: T-Mobile strategy could eat into business of AT&T, Verizon
NEW YORK (Reuters) - T-Mobile US Inc is expected to post stronger subscriber growth than its larger rival AT&T Inc for the second straight quarter, suggesting the upstart carrier's bold new customer policies could shake up the U.S. mobile market.
Zynga hires chief operating officer with mobile expertise
SAN FRANCISCO (Reuters) - Zynga Inc said on Thursday it hired Clive Downie, an executive from a mobile gaming company, to be its new chief operating officer overseeing mobile game distribution and other business functions.
Icahn bumps up Apple stake, pushes Cook again on buyback
(Reuters) - Billionaire investor Carl Icahn fired his latest salvo at Apple Inc Chief Executive Tim Cook on Thursday, urging the iPhone maker again to initiate a $150 billion buyback through a tender offer - but pledging to keep his own stock out of it.
Google to step up investment in Finnish data center, sources say
HELSINKI (Reuters) - Google Inc is set increase its investment in a data centre in eastern Finland, sources familiar with the plan said on Thursday.
One-third of U.S. adults get news through Facebook: study
(Reuters) - One in three Americans get news through Facebook, according to a study from the Pew Research Center released on Thursday.
ParkerVision gets $173 million in Qualcomm lawsuit; shares slide
(Reuters) - Chipmaker ParkerVision Inc said a jury awarded it damages of $173 million from Qualcomm Inc for infringement of its patents but its shares fell nearly 60 percent as it had sought damages of nearly $500 million.
Pimco's Gross tells Icahn to leave Apple alone
(Reuters) - Bill Gross, the co-chief investment officer at $1.97 trillion bond manager Pimco, lambasted billionaire investor Carl Icahn on Thursday for his involvement in Apple Inc's strategy, but he failed to elicit an equally biting response from the veteran activist.
WiLan plunges after losing patent case against Apple
TORONTO (Reuters) - Shares in Canadian patent licensing company WiLan Inc plunged almost 23 percent on Thursday after a jury ruled that Apple did not infringe a patent it held, leading several analysts to downgrade their view of the stock.
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