Technology Report: Analysts cut Google price targets but see mobile ad growth

	Click to View in Browser 10/19/2012 Analysts cut Google price targets but see mobile ad growth (Reuters) - At least seven brokerages cut their price targets on Google Inc's shares after the company missed Wall Street earnings expectations, but analysts said growing mobile advertising revenue points to better times ahead. Mobile revolution, economy trip up tech giants SAN FRANCISCO (Reuters) - Mobile may be the future for technology, but even with the worldwide proliferation of high-powered devices like smartphones and tablets, some companies are struggling to maintain consistent revenue streams. Yahoo to exit South Korea in first Asian pullout SEOUL (Reuters) - Yahoo Inc's South Korean operation said on Friday it will quit the country, underscoring its struggle against Google Inc and local competitors expanding aggressively into mobile advertising and online services. Sony to cut HQ staff by a fifth, shutter Japan plant TOKYO (Reuters) - Sony Corp said it will cut staff in its headquarters by a fifth and shutter a factory making camera lenses and mobile phones in Japan, providing new details of a previously announced plan to trim its global headcount by 10,000 by end-March. AT&T will boost pension fund with $9.5 billion equity stake (Reuters) - AT&T said on Friday it will contribute a stake in its wireless business to the company's pension plan worth $9.5 billion in an effort to secure the fund, according to a U.S. Securities and Exchange Commission filing. Ally Financial latest U.S. bank to face cyber attack (Reuters) - Ally Financial Inc said on Thursday it was monitoring "unusual activity" on its web site, the latest U.S. bank to report internet issues following recent cyber attacks that have been linked to Iran. Apple drops Java after experts warn Mac users on its security BOSTON (Reuters) - Apple Inc is removing old versions of Oracle Corp's Java software from Internet browsers on the computers of its customers when they install the latest update to its Mac operating system. Google results miss; shares dive after premature report SAN FRANCISCO (Reuters) - Google Inc's quarterly results fell well short of Wall Street's expectations after its core advertising business slowed, stunning investors accustomed to consistently rapid growth from the Internet giant and wiping more than 9 percent off its market value. Microsoft profit slips as PCs fizzle; Windows 8 awaited SEATTLE (Reuters) - Microsoft Corp's quarterly profit fell a greater-than-expected 22 percent, as sales of computers running its Windows operating system dipped and some revenue was deferred ahead of upcoming releases of its core Windows and Office products. Russia's Yandex targets Google with expansion abroad DUBLIN (Reuters) - Russia's leading internet search engine, Yandex, will take the fight to Google in emerging markets like Turkey in a bid to offset the inroads made by the U.S. giant in its home market. Related Video World's oldest turtle fossil could bridge evolutionary gap Trapped in amber, ancient insect shown hitching ride on a fly Mediafile John C Abell The tracks of my fears John C Abell EBay's buyer's remorse 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