Technology Report: Motorola revives brand with slim Droid Razr

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	10/18/2011
Good afternoon Apple reported a rare miss in quarterly revenue after sales of its flagship iPhone fell well short of Wall Street expectations. The September quarterly report was Apple's first under new CEO Tim Cook, who took over in August after co-founder Steve Jobs resigned. The company reported a net profit of $6.62 billion, or $7.05 a share. That fell shy of expectations for earnings of $7.39 per share. One analyst blamed lofty expectations for the miss. "The reality is their business is not an annuity. They have to sell their quarter's worth of revenue every 90 days. They had a big upgrade cycle with the iPhone, the numbers came in weak. They need to set records every time they report to keep the momentum", said Colin Gillis at BGC Partners. RIM said it will introduce souped-up operating software for its BlackBerry smartphone and PlayBook tablet designed to make both more formidable competitors to Apple and Google devices. RIM, which made the announcement at a developers conference in San Francisco, said it would install its new BBX platform in next-generation devices but provided no timetable. Apple plans to shutter U.S. retail stores for several hours on Wednesday so employees can take part in a company-wide celebration of co-founder Steve Jobs' life, a person familiar with the celebration said. Store employees in the U.S. will use that time to view a live broadcast of the event, which is being held at an outdoor amphitheater at Apple's headquarters in Cupertino. The celebration -- which will be held from 10 a.m. PT to 11:30 a.m. PT -- follows a private memorial service for the late tech visionary at Stanford University attended by Silicon Valley luminaries, politicians and celebrities. LATEST NEWS Motorola revives brand with slim Droid Razr October 18, 2011 02:33 PM ET NEW YORK (Reuters) - Motorola Mobility revived its once best-selling Razr brand to tout its latest gadget, the Droid Razr, as the world's slimmest smartphone. | Full Article U.S. crafting framework for cyber offense: general October 18, 2011 02:57 PM ET WASHINGTON (Reuters) - The United States is still crafting a legal framework to guide any offensive moves in cyberspace, months after the Pentagon unveiled a broad cyber strategy, the head of the military command responsible for such operations said on Tuesday. | Full Article IBM shares fall as tech-spend worries loom October 18, 2011 10:58 AM ET (Reuters) - Shares of IBM fell 5 percent in pre-market trading on Tuesday after Big Blue's third-quarter beat failed to stem worries about a slowdown in tech spending. | Full Article McAfee loses high-profile researcher and CTO October 18, 2011 02:39 PM ET BOSTON (Reuters) - Two senior technology executives have resigned from McAfee Inc, the anti-virus software maker that Intel Corp bought in February, according to a company spokeswoman. | Full Article Analysis: Samsung's big idea? Upsetting the Apple cart October 18, 2011 05:24 AM ET SEOUL/SINGAPORE (Reuters) - Just a few doors down from the Apple store in Sydney, where a long line of fans eagerly awaited the sale of the new iPhone 4S, another throng was gathering at a Samsung store. | Full Article BUSINESS NEWS Nasdaq, S&P futures lower after Apple results October 18, 2011 04:42 PM ET NEW YORK (Reuters) - Stock index futures were lower late Tuesday after Apple Inc sold off following its quarterly results. | Full Article Intel's quarterly outlook beats Street October 18, 2011 04:44 PM ET (Reuters) - Intel Corp forecast quarterly revenue above Wall Street's expectations, defying concerns that the growing popularity of tablets and a shaky economy are eating into demand for personal computers. | Full Article Yahoo Q3 revenue, profit slip October 18, 2011 05:12 PM ET SAN FRANCISCO (Reuters) - Yahoo Inc managed to meet all its quarterly earnings targets in the third quarter, even as it fielded offers from potential buyers and searched for a new chief executive. | Full Article France, Germany near 2 trillion euro rescue fund deal: report October 18, 2011 05:06 PM ET NEW YORK (Reuters) - France and Germany have agreed to boost a euro zone financial rescue fund to two trillion euros ($2.76 trillion), part of a plan to resolve the bloc's debt crisis that should win support at Sunday's EU crisis summit, Britain's Guardian newspaper said on Tuesday. | Full Article Central banks may need to burst bubbles: Bernanke October 18, 2011 02:48 PM ET BOSTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Tuesday that central banks may need to resort to monetary policy to combat asset bubbles, although regulation should be a first line of defense. | Full Article U.S. TOP NEWS Israeli soldier Shalit, Palestinians freed in captive swap Goldman posts only its second quarterly loss Clinton brings unity message on visit to new Libya Los Angeles police "embarrassed" after gun cache stolen Theft of Obama audio truck probed in Virginia RELATED VIDEO Unlocking new energy possibilities with dead wood Battlefield 3 targets Call of Duty Apple has value, says Omega Advisors CEO Cooperman A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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