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Tuesday, February 12, 2013

Technology Report: Apple CEO calls Einhorn lawsuit a "silly sideshow"

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02/12/2013
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Apple CEO calls Einhorn lawsuit a "silly sideshow"
SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook said the board is carefully considering David Einhorn's proposal for the company to issue preferred stock and return more cash to investors, but he called a lawsuit brought by the star hedge fund manager against Apple a "silly sideshow."
Intel plans to launch online TV service this year
DANA POINT, California (Reuters) - Intel Corp plans to launch an online television service this year that will stream live TV as well as provide content on demand, confirming reports that the world's top chipmaker is getting into the media market.
Broadcom first LTE chip to compete with Qualcomm
NEW YORK (Reuters) - Broadcom Corp said its customers are now testing its first chip based on the latest high-speed wireless technology, creating new competition for bigger rival Qualcomm Inc, which was years ahead of the rest of the market.
T. Rowe Price joins growing opposition to Dell buyout
(Reuters) - Dell Inc's third-largest shareholder, T. Rowe Price Group, on Tuesday joined a growing number of investors putting pressure on Michael Dell and his partner Silver Lake to sweeten their $24.4 billion buyout offer for the PC maker.
Higher advertising spending buoys Omnicom profit
(Reuters) - Omnicom Group Inc, the largest U.S. advertising company and home to agencies such as BBDO Worldwide and DDB Worldwide, reported a better-than-expected fourth-quarter profit on higher revenue in its domestic market.
Neighborhood network Nextdoor raises $21.6 million
SAN FRANCISCO (Reuters) - Neighborhood social network start-up Nextdoor has raised another $21.6 million, even as many investors shy away from the sector in the wake of troubled Facebook initial public offering last year.
Obama may issue order on defense against cyber attacks on Wednesday : sources
WASHINGTON (Reuters) - U.S. President Barack Obama plans to release a long-awaited executive order aimed at improving the nation's defenses against cyber attacks as early as Wednesday, according to sources familiar with the matter.
Nok Nok Labs raises $15 million from ONSET Ventures, Doll Capital
BOSTON (Reuters) - Nok Nok Labs, a Silicon Valley startup that is developing technology to help companies quickly validate the identities of their users over the Internet, said on Tuesday that it has raised $15 million in early financing from ONSET Ventures and Doll Capital Management.
Nokia protests against Indian tax probe
HELSINKI (Reuters) - Finnish phone maker Nokia said on Tuesday it was protesting against a tax investigation in India, a crucial market, in the latest dispute involving a foreign company's tax.
Nielsen boosts TCS contract to $2.5 billion
(Reuters) - Nielsen Holdings NV, best known for its TV ratings, increased the size of its contract with India's top software services exporter, Tata Consultancy Services Ltd, to $2.5 billion from $1 billion.
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