Technology Report: Apple slides to five-month low, uncertainty grows

	Click to View in Browser 11/7/2012 Apple slides to five-month low, uncertainty grows SAN FRANCISCO/NEW YORK (Reuters) - Shares of Apple Inc slid almost 4 percent on Wednesday to a five-month low as investors grew more uncertain about its ability to fend off unprecedented competition and untangle a snarled iPhone 5 supply chain. AT&T to boost annual spending 16 percent to $22 billion (Reuters) - AT&T Inc will boost capital spending by about 16 percent to $22 billion a year for the next three years to fund upgrades to its wireless and wireline networks, the company said on Wednesday. At Panasonic, blunt chief looks to force turnaround TOKYO (Reuters) - In a presentation beamed to Panasonic Corp offices around the world last week, company president Kazuhiro Tsuga stunned middle managers with the blunt message that their bonuses would be cut by more than a third. Move over, Obama; Twitter had a big night too WASHINGTON (Reuters) - President Barack Obama called it - in less than 140 characters. VirnetX says jury asks Apple to pay $368 million in patent case (Reuters) - Shares of VirnetX Holding Corp jumped 27 percent after a jury asked Apple Inc to pay about $368 million to the Internet security software maker for infringement of four patents. Foxconn's Gou says tough to cope with iPhone demand TAIPEI (Reuters) - Taiwan's Foxconn Technology Group said on Wednesday the company's flagship Hon Hai unit is finding it difficult to cope with the massive demand for Apple Inc's iPhones. GPS app Waze starts to tap into location-based ads (Reuters) - Mobile satellite navigation startup Waze launched a global advertising platform on Wednesday, targeting its 30 million users based on their location. Sony PlayStation certificate sparks talk China may lift console ban TOKYO/SHANGHAI (Reuters) - Sony Corp's PlayStation 3 has received a certification of quality from a Chinese safety standards body, sparking speculation that China will end a decade-old ban on home game consoles. Ericsson to cut near 9 percent of Swedish staff amid downturn STOCKHOLM (Reuters) - Ericsson is to cut 1,550 staff in Sweden as the world's biggest maker of mobile phone networks aims to drive down costs in an industry facing a global slowdown. Sprint to buy U.S. Cellular business to boost Midwest coverage (Reuters) - Sprint Nextel Corp agreed to buy United States Cellular Corp businesses in Chicago, St. Louis, central Illinois and three other markets to expand coverage as it upgrades its network. Related Video Superstorm animation charts Sandy's path of destruction Cape Town stand-off pits penguins against people Mediafile Kevin Kelleher AOL: Down so long, it's starting to look up Megan McCarthy Bravo's new startup show needs less Ways, more means 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