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Thursday, August 14, 2014

Technology Report: Qualcomm denies direct financial links with Chinese antitrust expert

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08/14/2014
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Qualcomm denies direct financial links with Chinese antitrust expert
BEIJING (Reuters) - Qualcomm Inc, under investigation for possible monopolistic practices in China, said it had no direct financial links with an antitrust expert sacked from a government advisory post after state media reported he had received payments from the firm.
Cisco to take $700 million in restructuring charges for layoffs
(Reuters) - Network equipment maker Cisco Systems Inc said on Thursday its plan to slash 6,000 jobs will result in restructuring charges of $700 million in cash in the year ending July 2015.
After China smartphone success, Lenovo plans leap forward overseas
BEIJING (Reuters) - China's Lenovo Group said first-quarter profit jumped 23 percent, beating estimates, as a surge in smartphone sales showed how quickly the world's biggest personal computer maker is transforming itself into a major player in mobile technology.
Chinese group proposes to buy U.S. chipmaker OmniVision
(Reuters) - U.S. digital imaging chipmaker OmniVision Technologies Inc said it received a buyout proposal from a group of Chinese investors, including a state-owned firm.
Reclassify Internet providers for 'net neutrality': NY Times
WASHINGTON (Reuters) - U.S. regulators' new "net neutrality" rules should classify Internet providers more like public utilities to prevent them from potentially slowing users' access to some Web content, the New York Times said in an editorial in Thursday's newspaper.
Exclusive: Overstock CEO says bitcoin sales to add 4 cents to 2014 EPS
NEW YORK (Reuters) - Overstock.com Inc's sales through bitcoin are expected to add 4 cents per share to its earnings this year, the online retailer's chief executive, Patrick Byrne, told Reuters.
Avago to sell LSI's Axxia Networking Business to Intel for $650 million
(Reuters) - Avago Technologies Ltd said it agreed to sell LSI's Axxia Networking Business to chipmaker Intel Corp for $650 million in cash.
NetApp profit rises on higher enterprise spending
(Reuters) - NetApp Inc reported better-than-expected first-quarter profit as businesses spent more to replace their ageing storage equipment.
Intel explores wearable devices for Parkinson's disease research
SAN FRANCISCO (Reuters) - Intel Corp plans to use wearable gadgets such as smart watches to monitor patients with Parkinson's disease and collect data that can be shared with researchers.
Planned U.S. cyber warfare program could hurt innocent countries: Snowden
WASHINGTON (Reuters) - A developing U.S. cyber security program would not only hunt down and halt potential computer attacks but also strike back without staff oversight, according to former U.S. National Security Agency contractor, Edward Snowden.
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