The Other Side of Life 24/7: Technology Report: HP's shares hit 9-year low as 2013 outlook disappoints

Wednesday, October 3, 2012

Technology Report: HP's shares hit 9-year low as 2013 outlook disappoints

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10/3/2012

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

HP's shares hit 9-year low as 2013 outlook disappoints

SAN FRANCISCO (Reuters) - Hewlett-Packard Co's shares plunged to a nine-year low on Wednesday after Chief Executive Meg Whitman warned of an unexpectedly steep earnings slide in 2013, with revenue set to fall in every business division except software.

Facebook lets U.S. users pay to boost visibility of postings

SAN FRANCISCO (Reuters) - Facebook Inc is letting users in the United States pay a fee to boost the visibility of their postings on the social network, the company's latest effort to look beyond advertisers for revenue.

U.S. works to shut down tech support scams that have cost millions

WASHINGTON (Reuters) - The United States has taken steps to shut down several fake tech support scams that have cost consumers tens of millions of dollars, the Federal Trade Commission said on Wednesday.

Deutsche Telekom, MetroPCS to merge U.S. mobile businesses

FRANKFURT/NEW YORK (Reuters) - Deutsche Telekom and MetroPCS said they will merge their U.S. mobile operations to create a larger fourth-place player better able to compete with rivals.

Renesas to post $1.1 billion special loss on job redundancy scheme

TOKYO (Reuters) - Ailing Japanese chipmaker Renesas said on Wednesday that it will post a 85 billion yen ($1.1 billion) extraordinary loss in the July-September quarter after a larger-than-expected number of employees volunteered for its redundancy scheme.

Cyber attackers disrupt Internet in Iran: official

DUBAI (Reuters) - Cyber attackers have targeted Iranian infrastructure and communications companies, disrupting the Internet across the country, a state official was quoted as saying on Wednesday.

HP's profitable printers to buy Whitman time

SAN FRANCISCO (Reuters) - Meg Whitman has a laundry list of things to do at HP: Arrest a rapid decline in its personal computer unit, compete better on enterprise services, and figure out a strategy as mobile devices eat into personal computer sales.

Lenovo to open first U.S. PC plant, operation to start in 2013

HONG KONG (Reuters) - Lenovo Group Ltd, the world's No.2 PC maker, will open its first PC production plant in the United States with operations expected to begin in 2013.

Nokia mulls selling its headquarters

HELSINKI (Reuters) - Struggling cellphone maker Nokia is seeking to sell its headquarters in Espoo, Finland as part of a drive to dispose of non-core assets.

Citrix, Palo Alto Networks strike strategic partnership

(Reuters) - Business software maker Citrix Systems and security software company Palo Alto Networks have entered a strategic partnership to offer joint application delivery and security products.