Technology Report: HP to lay off about 27,000, eyes over $3 billion savings

Click to View in Browser 05/23/2012 HP to lay off about 27,000, eyes over $3 billion savings SAN FRANCISCO (Reuters) - Hewlett Packard Co outlined a plan on Wednesday to lay off roughly 27,000 employees or about 8 percent of its workforce to jumpstart growth. Jury deals blow to Oracle in case vs. Google SAN FRANCISCO (Reuters) - Google Inc's Android mobile platform has not infringed Oracle Corp's patents, a California jury decided, putting an indefinite hold on Oracle's quest for damages in a legal fight between the two Silicon Valley giants over smartphone technology. Apple: U.S. e-book lawsuit "fundamentally flawed" (Reuters) - Apple Inc is rejecting charges that it conspired to fix prices of electronic books, calling the U.S. government's antitrust lawsuit a "fundamentally flawed" endeavor that could discourage competition and harm consumers. Dell's strategy questioned as shares dive (Reuters) - Shares of Dell Inc plunged 17 percent Wednesday after a disappointing revenue forecast spurred fears that global tech spending is weakening faster than anticipated and raised doubts about the PC maker's strategy. NetApp's rev forecast below estimates, stock drops SAN FRANCISCO (Reuters) - Data storage equipment maker NetApp Inc forecast revenue below expectations as concerns about the economy weighed on the outlook for business and government spending on information technology, sending its shares down 22 percent in after-hours trade. Obama orders agencies to shift services to mobile apps WASHINGTON (Reuters) - President Barack Obama, hoping to spur U.S. innovation in the explosive field of mobile communications, on Wednesday ordered all major federal agencies to make many more of their services available on mobile phones within the next year. Facebook, banks sued over pre-IPO analyst calls (Reuters) - Facebook Inc and lead underwriter Morgan Stanley were sued by shareholders who claimed they hid the social networking company's weakened growth forecasts ahead of its $16 billion initial public offering. Yahoo under Levinsohn seen shifting to content, advertising SAN FRANCISCO (Reuters) - With two of its most distracting conflicts resolved in the past week and a half, Yahoo Inc hopes its new interim chief executive can focus on the biggest challenge of all: turning the company into an entertainment and information destination that wins back the advertising dollars flowing elsewhere. SAP to buy Ariba, boosts cloud bet SAN FRANCISCO (Reuters) - Top European software company SAP AG plans to buy Ariba Inc in a deal valuing the business and commerce network company at $4.3 billion, its latest maneuver against Oracle in the fast-growing Internet-based computing market. Japan's NTT Docomo applies for 700 MHz license TOKYO (Reuters) - NTT Docomo Inc said on Wednesday it plans to apply for a license to upgrade its base stations to tap the 700 megahertz spectrum for high-speed mobile services, as it races with smaller rivals to attract smartphone users. Related Video China grabs bigger film role Dell downgrades pummel stock Mediafile John C Abell Less TV? Go ahead. Make my day. Yinka Adegoke Comcast turns the landline into mobile phone A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend